This training will be conducted in Chinese.

此次培训语言为中文！

With more a competitive market, reducing cost and increasing efficiency has become an important strategy for all companies. However, engineers with non-financial background often underestimate the importance of cost management while only focusing on technology & engineering. Therefore, it is crucial to improve engineers' cost management awareness and financial acumen, for them to better align with corporate's financial strategy.

On January 15, we are delighted to invite Sami Li, a lecturer in finance from Link Consulting, to deliver a basic financial training for engineering and technical personnel. The case analysis and exercises in this course are both customized according to the working scenarios of engineers, aiming to help them master basic financial knowledge, establish financial and cost control mindset, through financial statements, DuPont financial analysis system and enterprise cost management.

Teaching Method: Lectures, case study, group discussion, exercise

Objective:

• Master the theoretical financial and accounting basis
• Analyze the balance sheets, income statements, and cash flow statements to better understand the financial status of the enterprises behind the data
• Establish financial strategic thinking, master various analysis tools of financial statements, improve risk sensitivity and working ability
• Establish a clear awareness of cost control and master cost control methods

Outline:

• Basic theory

1. Underlying logic principle: accrual basis
2. Accounting elements and accounting identities

• Three statements and relationships

1. Financial report structure and analysis: balance sheet, income statement and cash flow statement
2. Relationships between different reports

• Ratio analysis

1. Solvency ratio, activity ratio, profitability ratio
2. Dupont analysis

• Cost management

1. The necessity for cost management
2. Cost composition
3. Volume-cost-benefit analysis model: Basic model concept and application, break-even point-product cost, price and scale
4. Strategic cost management of the enterprise value chain
5. Life cycle cost management: content and management methods, etc.