Duration:Three modules, two days each:

Finance 1:Warsaw, 4-5 July 2018 orWarsaw, 24-25 September 2018

Finance 2:Warsaw, 4-5 October 2018

Finance 3:Warsaw, 16-17 January 2019

Contact:Katarzyna Babiarztel. +48 502 444 012katarzyna.babiarz@pl.ey.com

academyofbusiness.pl

Finance for non-financialsCase-study workshop forManagers in Business

Real life case studies from world knownBusiness Schools

Why case studies?

Inspiration and transformation

Carefully chosen case studies aligned with interactive and focused training will inspire ourclients and transform business education into practical learning and application. And makelearning a lot of fun too!

Once you go through a real life business situation you will never forget the tools learned. Thisis not easy to achieve with a presentation or lecture.

Real-life decision-making will enable you to learn theory while developing at the same time arange of vital skills like: negotiation, analysis, defending your view and challenging others’views. You will be careful in making decisions based on too little information!

You will experience changing your mind once, twice, even three times before you make yourfinal decision, just like you test (and taste) products in a festival! This cannot happen in alecture or presentation.

Your confidence will be enhanced to its maximum. You will then be your own boss!

Finance festival 2018 with world - class case studies form institutions such as:

Harvard BusinessSchool INSEAD The Business S

chool for the WorldCASSBusiness School

Draden School of Business

https://www.youtube.com/watch?v=aHLm7Lyp7Q4&feature=youtu.be

For whom?This training module is addressed toparticipants without formal educationin finance, who, because of their dayto day needs, are involved in afinancial process and are required toapply and interpret informationcontained in financial statements.

This workshop is especiallyrecommended to:

► Owners of companies,

► Managers of non-financialfunctions,

► Financial analysts or credit officers,► All persons wishing to broaden their

understanding of finance

Programme

► Constructing the balance sheet andincome statement – (case study).

► Key balance sheet and income statementpositions – rules for recognition andmeasurement (exercises), including:► Property, plant and equipment► Intangible assets► Financial instruments► Provisions

► Constructing the cash flow statementand the statement of changes in equity –what they show and how to link them toinformation presented in the balancesheet and income statement (exercises).

► Financial ratios – construction,interpretation, advantages anddisadvantages of principal ratios.(exercises)

► Major case study – just by looking at thenumbers and the ratios you will be able to:► Identify problems and their root

causes► Link the various strategies together► Come up with solutions to improve

the health of the company in themedium as well as the long term

► Major financial accounting regulations inthe EU and abroad (InternationalFinancial Reporting Standards and USGAAP) – what they are and who appliesthem.

► What you can find out by reading theauditor’s opinion.

► Creative accounting – what to look outfor when reading financial statements.(exercises)

Overview

You present to the Boardnew attractive ideas butwithout the numbers you willnot be convincing anyone!How will such decisionsimpact the financialstatements of theorganization?

You feel uncomfortableduring financialconversations or when youread the financial press. Thiscourse will not only give youcomfort in understandingwhat is being said, but willalso give you the power tochallenge financial ideas.

Having obtained the skill tounderstand the language offinance, you will be able toappreciate how yourdecisions and actions affectthe financial health of yourcompany. Furthermore youwill be able to identify issuesthat arise because of othersin the firm.

Financial statements alwaystell the true story!

Case studies used in thismodule:

u Harvard Business School –The Accounting Frameworkand Financial Statements

u Harvard Business School –Financial Statements andratio Analysis

Finance 1 – What are financial statements telling us?(2 days)

BenefitsAfter completing this training module,you will be able to:

► Understand how business decisionsmade by you impact key elementsof your company’s financialstatements.

► Feel more confident when talking topartners from the financedepartment.

► Search the financial statements ofyour own company, as well as thoseof your counterparties andcompetitors in order to find neededinformation.

For whom?This training module is addressed toparticipants without formal education infinance, who, because of their day to dayneeds, are involved in a financial processand are required to identify and interpretinformation from within the organizationand also participate in the monitoringand controlling process of the firm.

This workshop is especiallyrecommended to:

► Owners of companies,

► Managers of finance or non-financefunctions,

► Internal and External Auditors,► All professionals wishing to broaden

and deepen their skills in finance.

Programme

► Budgeting and Control: Purposes; systemsand types of budgets; preparation -including cash forecasts and expectedvalues; (exercises)

► Costing and Management Accounting:Fixed and Flexible Budgets; Activity BasedCosting (ABC) versus traditional methodsof costing - (exercises and case studies)

► Decision-making Techniques –Relevant/Economic Cost Analysis;Identifying and calculating Relevant Costsfrom given data and for specific situationsin the decision-making process; Applicationof the concept of opportunity Costs;Pricing Decisions; Dealing with Risk andUncertainty (case studies).

► Variance Analysis – From Standard Costingto Variances; Sales and QuantityVariances; Planning and OperatingVariances; Performance Analysis; (casestudies)

► Cost-Volume Analysis: Calculation andinterpretation of the Break-Even Point andthe Margin of safety; Relevance to theoperational as well as financial gearing ofthe entity; The importance of Contributionin decision-making; (case studies)

Overview

Following on from Finance 1,this course will enableparticipants to obtain an in–depth insight into moreadvanced financial topics.The orientation of the courseis more towards managementaccounting than justaccounting — the audiencewill acquire skills inparticipating in key strategicdecisions like costing andpricing as well as in anyefforts to improve theperformance of theorganization.

Advanced topics like ActivityBased Budgeting, RelevantCosting, Variance Analysisand Pricing Methods will alsobe introduced through casestudies.

The entire course is case–study based. Real-life casestudies from the HarvardBusiness School will be usedduring the course.

Finance 2 – Measuring and Monitoring Performance(2 days)

BenefitsAfter completing this training module,you will be able to:

► Understand how business decisionsshould be made based on relevantinformation and calculations.Identification of the rightinformation is essential.

► Optimise the use of WorkingCapital.

► Analyse diversions from the planand take corrective action in boththe short-term and the long-term

► Participate in the improvement ofperformance of your organization.

Key features of this trainingmodule

► This is an intensive, case-study basedand interactive workshop using worldrenowned case studies.

► Although you may be able to attend thisModule without previous knowledge inthe area of finance we strongly adviseparticipants to attend Module A beforeregistering for this Module.

For whom?This workshop is addressed toparticipants without formal education infinance, who, as part of their workduties, are required to exhibit anunderstanding of investment evaluationtechniques and methods for hedgingfinancial risks.

This workshop is especiallyrecommended to:

► Managers of finance or non-financefunctions,

► Internal and External Auditors,► All professionals wishing to broaden

and deepen their skills in finance

Programme► Time value of money – present value,

future value, discounting techniques(exercises).

► Methods of evaluating investment decisions– net present value (NPV), internal rate ofreturn (IRR), payback period, real options(case study).

► Cost of capital – weighted average cost ofcapital, adjusting for risk, decisions onproject financing (case study).

► Sensitivity analysis in situations ofuncertainty (exercises).

► Interest rates – what they are, how they aredetermined, why they change? (Exercises).

► Foreign exchange rates – analysis ofcurrent trends in major currency pairs (casestudy).

► Financial markets structure – segments,markets and players.

► Derivative instruments as tools for financialrisk hedging (exercises):

► Forward and futures contracts► Options► Swaps

► Correct and incorrect uses of multiplederivative strategies (case study).

► What happens when financial marketsstop functioning rationally– genesis,chronology and mechanics of the 2008credit crisis. Discussion of the debt crisisin the Eurozone periphery countries aswell as other current events in thefinancial markets.

► Lessons learnt from the „options crisis”of 2008 in Poland from the perspectiveof corporations and financial institutions.

Overwiew

How do you assess whetheran investment project isworth the while? And how doyou choose between projectsthat seem to give the samefuture cash flows? Havingtaken all factors involved,does the chosen projectfinally add value to the firm?And what exactly is Value?

How do financial marketsdetermine interest rates,foreign exchange rates andother financial variablesaffecting your company?

Are derivatives useful or onlyfor gamblers? How can youmake use of derivatives toprotect your company fromrisks and add value to it?Learn how to hedge thefinancial risk of your firm,whether it is price you arehedging against or interestrates or currencyfluctuations.

BenefitsAfter completing this training module,you will:

► Understand, which of the investmentprojects considered by your companyare worth initiating, and which are not.

► Feel more confident to take part indiscussions on current financial andeconomic issues.

► Apply hedging techniques in real life.

► Be able to identify financial risks whichyour company is exposed to and proposepractical solutions to mitigate them.

Finance 3 – Financial management(2 days)

Key features of this trainingmodule► This is an intensive, case-study based

and interactive workshop.

► Zero previous knowledge is requiredin the area of finance. What seemedimpossible to comprehend will nowappear easy and obvious.

Background Marinos Athanassiou is the founder of the Academy with many years of both training and practicalexperience. Marinos was educated in the UK and started his career with an audit firm in Holborn,London, later joining Ernst & Young which subsequently became EY.

Marinos joined the Polish practice in 1994 and founded the Ernst & Young Training that later becameEY Academy of Business.Marinos has over the years developed training products, methodologies and trainers as well as manypartnerships like with SGH with whom the Academy runs Masters Degrees. In the last 10 years he hasactively been developing other markets like Hungary, Romania, Russian Federation, MENA, India andPhilippines.

Experience Auditor, Finance Manager, Banker, Trainer in ACCA, CIA, CFA, IFRS, Audit, Financial Strategies,Budgeting. Development of a large product portfolio in Finance and Management Skills.

Recent projects Warsaw School of Economics – Workshops for the post-graduate studies: International Finance;Finance for non-financial managers in Dubai; IFRS Basic course for EY in Warsaw; Finance formanagers - Investment funds in Dubai, Finance for Non Finance Professionals in Romania; Financialstrategies in the Moscow University.

Marinos Athanassiou

The Trainers

Application

If you decided to take part in the training course please fill on-lineapplication form: www.academyofbusiness.pl

Background Maciek is an experienced finance professional with over 12-year experience in providing advisory toPolish and European financial institutions, gained in a risk consulting division gained in KPMG in Poland.

His professional interests encompass in particular the following areas:

• Application of financial instruments for risk management• Asset and liability management• Accounting for financial instruments and complex financial structures• Securitisations• M&A processes and financial due diligence of financial institutions• EU regulatory frameworks related to financial institutions (CRD, EMIR, MIFID, UCITS)Maciek is a holder of M.Sc. In Finance and International Business obtained in 2007 from Aarhus Schoolof Business (Aarhus University) in Aarhus, France, an M.A. in Economics from Warsaw School ofEconomics (Warsaw, Poland) gained in 2004. He also holds a Certificate in Finance of EDHEC BusinessSchool (Lille, France), obtained in 204.

Experience Contractor (EY Academy of Business, Warsaw, Poland) , Manager in KPMG in Poland (Risk Consulting -Financial Risk Management), Treasury Products Specialist (Bank BPH S.A. (Warsaw, Poland) –Corporate Banking)

Recent projects Maciek has a 10-year training experience in the area of accounting and valuation of financial instruments,hedge accounting, financial risk management in corporations and financial institutions, corporate financeand functioning of financial markets (debt and equity securities, funds, derivatives). Accounting-relatedcourses provided by Maciek are conducted in accordance with IFRS and Polish GAAP.

Maciej Kocon

2750 PLN + 23% VAT per module, per person or 650 EUR netper module, per person

10% discount if you take 2 modules (4 days = 4950 PLN net)

20% discount if you take all 3 modules (6 days = 6600 PLN net)

Payment should be made to HSBC Bank Polska, no (PLN): 611280 0003 0000 0031 1251 3031. As title transfer please,state the name of the course as well as the participant’s name.

Finance 1:4-5 July 2018 or24-25 September 2018

Finance 2:4-5 October 2018

Finance 3:16-17 January 2019

It is possible toorganize

in companytraining

at a customer’sindividual request.

Course organization

ApplicationApplication

DatesDates

Client Relations OfficerKatarzyna BabiarzPhone +48 502 444 012Katarzyna.Babiarz@pl.ey.com

Office:Phone +48 22 579 8000or +48 22 701 00 00academyofbusiness@pl.ey.com

Location

The course will be organized in Warsaw.

The courses run from 9 am to 4.30 pm. Two breaksfor and snacks are scheduled during the day andcoffee at 1 pm participants are invited to lunch(included in the price).

If you decided to take part in the training course pleasefill on-line application form: www.academyofbusiness.pl

FeesFees