At the beginning of May a corporate training for  managers of JV “Kazgermunai” LLP on the theme "Improving efficiency of oil companies through the financial management" was organized.

 

The training theme was not chosen by chance. Finances are starting position of every entity’s activities. A result in any business depends on availability and efficient use of financial resources that provide functioning of the company.

A doctor of economic sciences, professor, lecturer on MBA programs at the Graduate School of International Business RANHiGS under the President of the Russian Federation, who has a number of scientific publications on economic analysis, analysis of financial results of enterprises with many years of experience as a chief accountant, auditor, analyst in the industrial, commercial and credit institutions Sokolova Galina Nicolaevna was invited as a trainer.

During training a theoretical basis of accounting and financial analysis were discussed by the participants. They mastered a modern method of financial and economic activities analysis, budget planning, and management of the break-even point.  A practical training on the formation of balance, reflecting the accounting operations for accounting, completing a cash flow statement, profit and loss statement was conducted. Also, a method of calculation and economic meaning of key financial indicators of liquidity, profitability, turnover and profitability analysis of EBT, EBIT, EBITDA indicators have been discussed in detail. The obtained knowledge is used by the employees in regular company activities. 

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