Financial Education

Financial wisdom – the most deficient!

We are all connected by some financial threads. We are all part of the complex network of financial assets flow which conditions our lives. That network is not visible to our eyes. A good conceptual knowledge, good imagination and constant alert are necessary in order to find our way in the financial mazes which we could not live without.

“Money is the nerve of things”- says the message of the Old Latins. No nerve – no value because there’s no essence! The essence of economics is finance and the essence of the economic knowledge is financial knowledge. To master financial knowledge means to obtain the finest reason for each economic measurement.

Financial knowledge – the most valuable knowledge!

Financial education programme

Financial education goal: to dose critically important knowledge from the business finance field, to capacitate the participants for understanding financial categories and prepare them for financially competent way of thinking.

Intended for: managers at all positions; financial analysts and planners as well as for everyone who wants to improve their financial intelligence.

Structure: the whole course has been organized in three levels.

Here you will learn that finance is a supermaterial phenomenon deeply connected to the material; that financial thinking is a highly conceptual discipline; that financial categories are abstract and that criteria are the expressions of highly sophisticated views.

1. Understanding of financial statements

In the beginning, there is an act! First it is necessary to understand the financial reporting environment, its factors and composition of main messages of the individual financial statements. Understanding is the basic knowledge and foundation for every good financial judgement.

Here you will learn: how to create financial information, who the users of financial statements are, what makes a set of mandatory financial statements, where to find information on financial position, how to evaluate items in financial statements, where the information on success come from and what you can learn from the money flows reports. You will not learn only the forms of financial statements but the complete financial milieu and especially the purpose of financial information and their orientation towards useful use.

1. Financial analysis tools

Tool makes the craft! After a thorough introduction to the financial statements (course 1), here you will meet the important analytical concepts (tools) for the financial analyses. The emphasis is on the key analytical tools, their meaning, nature, ratios they are based on, their use and limits of use.

Here you will learn: about the financial categories and financial measurements; about value of certain measuring tools; especially about net circulating fund, about solvency; about leverage, that is, about the wisdom of measuring the financial performances.

You will not learn only about the financial analysis tools but also about evaluation of every tool and situation postulates in financial analysis.

1. Capital analysis

Every economic story starts with investing capital! Capital is a crucially important category not only in creating conditions but also in functioning of every economic entity. Getting to know its creative energy and effects is the condition not only for good management but also for every economic postulate.

Here you will learn about the capital – abstractly and specifically; materially and intellectually; proprietary and functionally; about the network of complex changes and the consequences of capital changes; about capital registering and monitoring through business and public books and about capital analyzing.

You will not learn only what capital is in bookkeeping but also what it is existentially. You will learn that capital is an existential condition for contemporary life and that the efficacy of its use is the secret of every economy’s success, not only national but also individual.