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Programme

Balanced Economic-Financial Management

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Description

The company, considered a living organism, is undergoing a permanent change in its economic and financial status. These changes motivated by the environment, in some cases, and management policies in others, may cause stress conditions on its financial position and difficulties in generating profit.

Therefore, a permanent monitoring of the evolution of economic and financial position is essential in the management; to implement measures aimed at causes that produce unwanted effects.

This course has been restructured into two sets:

-              ANALYSIS AND INTERPRETATION OF ECONOMIC AND FINANCIAL PARAMETERS

-              DIAGNOSIS OF ECONOMIC AND FINANCIAL HEALTH

Throughout the FIRST BLOCK statements are interpreted as a step absolutely necessary to understand events that have occurred in the company. Determines, in general, the economic and financial health and, therefore, to know and govern the activity. Without a basic understanding of the rules and conventions of the accountant language, a non financial manager is exposed to any eventuality, is virtually “blind” and “dumb”.

The SECOND BLOCK analyses the health of the company through the economic and financial parameters and the effects arising due to decisions taken by non financial departments.

The business passes inexorably by the evolution of its economic and financial position. Both positions have in common features refereeing to the final goals of the company, and both also have to know how to balance in order to fulfil the mission to stay on the profitable path, financially sound. This path is the best, and a guarantee of assurance and continuity.

Based on the accounting information over a period, the diagnosis can correct the pathologies that impede the normal operation of the company.

The Model of Economic and Financial Position (EFP) is a highly predictive tool because it allows to:

-              Determine the current financial and economic status

-              Indicate the path being made by the company

-              Put the basis to correct the route in cases that do not evolve in a balanced way.

It is precisely this anticipatory vision which gives the greatest interest to the model, produced before the first signs of crisis appear, they are embodied in the tour, showing the kind of causes that generates them: economic and / or financial statements.

Information

Goals and Student Profile

Goals

After the course the participant will be able to:

  •  Identify the mechanical interaction on the economic and financial position (EFP).
  • Identify impacts that are permanently placed on companies
  •  Assess the adequacy of economic and financial situation of the company.
  •  Dealing and managing critical diagnosis
  • Print measures to enhance economic and financial balances.

 

Student Profile

ENAE Business School is very conscious of the fact that every teaching institution is built by all and must be very careful about participant selection right from the very start by analysing their CV, qualification certificates, admission exam and through a personal interview of the student by the program director. Depending on the program, ENAE Business School carries out tests to evaluate language competence.

Most of our students come from the business world about 80% of ENAE’s students are graduate professionals and executives who wish to update their knowledge and improve their skills. These students come from different academic backgrounds mostly engeneering, business, law, economics, communication and humanities.
We encourage young and talented graduates with entrepreneur spirit to be involved in our programs as a fast track to achieve their goals in the business World.

Curriculum

ANALYSIS AND INTERPRETATION OF ECONOMIC AND FINANCIAL PARAMETERS

1.            Interpretation of financial statements

1.1   Book value versus real value

1.2   Vulnerability of assets

2.            Concept of economic and financial position

3.            Where are the companies according to their economic and financial position.

4.            The balance: a good measure of financial position

5.            Income statement as a measure of economic status

6.            Interpretation of the items that make exploitation

7.            Messages from the income statement

DIAGNOSIS OF ECONOMIC AND FINANCIAL HEALTH

1.            The key economic and financial diagnosis from the management perspective.

2.            The Economic and Financial Position Model (EFP).

2.1   Natural impacts (inertial forces) that are permanently placed on companies.

2.2   Tactical and Strategic movements in the economic and financial position (EFP).

3.            The messages emerging from the economic and financial position and guidelines for management improvements.

4.            The position of liquidity, solvency, indebtedness of the company and financial coverage.

5.            The economic function of financial leverage

6.            The economic and strategic conception of the company.

To achieve the goals set out in this course and for its understanding and management by the participants, we analyze a case study that deals with the current situation of a real SMB.

Faculty

MONTES GAYTON, GLORIA
Degree in Industrial Engineering, Technical School of Industrial Engineers of Madrid. MBA, Institute of Financial Studies. Degree in Industrial Equipment Maintenance, School of Industrial Organization.
More details
Gloria Montes Gayton has more than twenty years of experience providing education and training in economic and financial management for companies such as Endesa, Repsol, Mondragón Corporación Cooperativa, Alcatel, Tabacalera, Grupo INI, Telyco, Industria de Turbo Propulsores (ITP), SEPI, Dragados y Construcciones, CEPSA, Gas Natural, Agencia EFE, as well as training on Risk Management for financial entities such as Caja Madrid, CAIXA, BBV, BCH, Caja Laboral, Caja Murcia, Caja de Ahorros de la Inmaculada, Caja de Ahorros del Mediterráneo. At the same time, she is a professor of master programs Degree at institutions such as ENAE, ESIC (Financial Management), ICADE, IADE, EUROFORUM, School of Economy of Madrid, School of Industrial Organization, Superior School of Business, Business School of Jerez and Executives Institute. From 1995 to 1998 she coordinated the assessment of the projects submitted as part of the Miner Plan in the frame of the Program for the Restructuration of the Coal Mining Areas. She is the author of books such as Cómo realizar un estudio de mercado (How to conduct market research), Manual Práctico para Pymes (Practical Manual for SMEs) and has written other articles about business management and finances.

Specified time period and Place

Specified time period:  This course has and extension of 20 contact ours at ENAE premises.

Timetable: This course is delivered on Friday from 16:30 h. to 21:30 h. and Saturday from 9:00 h. to 14:00 h

Place and Address:
Edif. ENAE. Campus Universitario de Espinardo 30100 Espinardo Murcia- Spain


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Methodology

Terms of Payment and Scholarships

Admission Process

The program is part of a Master and has limited availability. Taking this course will provide you great opportunities for expanding your professional networks. Final admission decision is reserved to ENAE Business School on the basis of prerequisites established for the course, room availability and specific group profile required.

FACULTY

Este curso pertenece al y actualmente no se puede cursar de manera independiente.
Si desea recibir información del Máster al que pertenece o de posibles ediciones del curso a las que se pueda inscribir independientemente puede rellenar el siguiente formulario:
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