Elements of company law

• Reporting requirements, communication and auditing of company accounts.
• The different types of company.

Reminder of the principles of general accounting

• Accuracy, reliability, prudence and consistency.
• The accounting standards.
• The French accounting code.
• The legal and fiscal obligations, ways of monitoring, the role of the auditors.

Content of the annual accounts

• The balance sheet.
• The profit and loss account. The notes.

Reminder of the financial statements

• Financial interpretation of the balance sheet items.
• Analysis of the assets: investments, the quality of the client portfolio, inventories and cash reserves.
• Analysis of liabilities: equity, dividend distribution policy and debt.
• The profit and loss account. The notes and the tax return.

Analysis of capital: the balance sheet

• Concept of financial equilibrium in the balance sheet, key ratios.
• Understanding the structural balances.
• Balance at the top and bottom of the balance sheet.

Analysis of activity: the profit and loss account

• Analysis of the formation of the net income: ordinary operations, the financial result, exceptional events.

Intermediate management balances

• The trading margin
• Value added.
• Gross operating income.
• Operating income.
• Recurrent income and net income

Financial analysis ratios

• The main ratios.
• Their use in financial communication.