1. Accounting basis * Objective of finance and accounting * Balance sheet: - The principle of balance - Structure and content of balance sheet * Income statement: - Revenues, costs, selling expenses and administrative expenses - Different levels of profit and ratios analysis * Inventory evaluation, depreciation and bad debts estimates
2. Financial analysis * The core of corporate financial operation - Market, profit/rotation/structure, solvency/return * Working capital analysis - Capital arrangement - U.S.A pattern - E.U pattern - The reasons and countermeasures of cash deficit - How to use working capital method in report analysis * Ratio analysis - Liquidity ratios, turnover ratios, capital structure ratios, profit ratios * Financial leverage: How to enhance shareholders’ return * Cash flow statement - The importance of cash - Content and processing logic-operating, investing, financing - The importance and logic of the complementary part * Integrated analysis of the three reports
3. Cost (include expenses) analysis basis * Direct cost, indirect cost * Fixed cost, variable cost * Break-even point and scale saving * Product contribution analysis
4. Budget * The importance and principle of budget * Logic procedures * Method of budget implementation * Budget follow up and control
5. Taxation basis * Current tax system * Tax concerned: emphasize on VAT, business tax and corporate income tax