Understand finance and turn numbers into smart decisions
Financial Management
Finance made clear and practical
Finance plays a crucial role in every successful business. Our courses bridge financial management with real-world practice, helping professionals at various levels better understand financial principles, interpret key indicators, and make informed decisions.
As experts in finance and business, PwC delivers training led by experienced professionals who share practical insights and the latest industry trends. Our courses are designed to be clear, applicable, and focused on enhancing participants' ability to manage the financial aspects of their business. With an emphasis on real-life scenarios and practical examples, the knowledge gained can be immediately put into practice.
Courses
- Budgeting and Budgetary Control
- Finance for Non-Financial Professionals
- Management Accounting for Decision Making
Budgeting and Budgetary Control
This training is designed to help professionals enhance their understanding of budgeting as an effective tool for planning, resource allocation, motivation, and control. Participants will explore why organisations need to prepare budgets, who is responsible for the budgeting process, and what types of budgets are commonly used. They will learn to understand the purposes of forecasts, plans, and budgets; how to ensure that budget assumptions are correct; discuss behavioural issues of budgeting in responsibility centres; and prepare master budgets using basic modelling and budgeting techniques that are aligned with corporate objectives.
The course also addresses how to create useful and informative budget templates, present budgets to stakeholders, and analyse the outcomes of different budget scenarios. Further topics include budgetary control, variance calculation and interpretation, as well as modern approaches to budgeting, including Beyond Budgeting. Finally, participants will discuss technologies available for improving budgeting practices and learn how to critically evaluate results by comparing actual performance with planned targets.
The course is suitable for:
CFOs, finance business partners, management accountants, financial / cost controllers, planning and analysis specialists, internal auditors and accountants.
Topics covered:
- Introduction to planning:
- Differences between forecasting, planning and budgeting,
- Risk vs uncertainty,
- Levels of planning,
- Goal congruence vs dysfunctional behaviors,
- Strategic planning:
- Strategy models, including rational and emergent models of preparing strategy,
- Responsibility accounting:
- Responsibility centres,
- Controllability of variables,
- Key performance measures for each centre,
- How to prepare an effective budget:
- Principal budget factor,
- Master budget,
- Budget committee,
- Approaches and methods of budgeting:
- Incremental vs. Activity Based Budgeting vs. Zero-based budgeting (ZBB),
- Periodic vs. rolling budgets,
- Human aspects of budgets:
- Motivation vs. evaluation,
- Top-down approach,
- Bottom-up approach,
- Preparation of budgets for each element of financial statements:
- Profit or loss account budget,
- Cash flow budget,
- Balance sheet budget,
- Evaluation of results:
- Fixed, flexed and flexible budgets,
- Variance analysis.
Finance for Non-Financial Professionals
This training is designed to help non-financial professionals enhance their understanding of finance and effectively use financial data to make more informed business decisions. Participants will learn the fundamentals of financial and management accounting, how to read and interpret financial reports, and the methods behind financial analysis. The course is based on key principles of International Financial Reporting Standards (IFRS) and introduces participants to the structure and logic of the main financial statements. It aims to provide non-financial managers with a deeper understanding of how finance impacts business performance. It also supports the development of strategic thinking, planning skills and a broader perspective within the corporate world.
The training introduces key financial concepts and terminology, improving participants financial literacy. This enhanced knowledge helps professionals better understand how business decisions are made and how to increase operational efficiency. Participants will also learn how to critically evaluate financial results using ratio analysis and how to distinguish between creative accounting, aggressive accounting and fraud.
The course is suitable for:
Non-finance specialist, managers or anyone who cooperate with finance department or make decisions based on financial information provided by companies.
Topics covered:
- Introduction to reporting:
- Differences between financial and management of accounting,
- Key financial reports:
- Basic terminology,
- Key accounting policies and concepts,
- Format and content of financial statements,
- Links between elements of financial statements,
- Statement of financial position:
- Discussion of key elements of assets and liabilities paying attention to valuation, presentation and key issues,
- Working capital management,
- Statement of profit or loss and other comprehensive income:
- OPEX vs. CAPEX,
- Format and presentation,
- Revenue recognition,
- Various profitability levels,
- Other comprehensive income,
- Statement of changes in equity:
- Various categories of capitals,
- How to account for dividends,
- Statement of cash flows:
- Cash accounting concepts,
- Methods of preparation and presentation,
- How to interpret information provided in the statement,
- Financial statements analysis:
- Issues to consider before starting the analysis,
- Ratio analysis, including profitability, liquidity, gearing and investors ratios,
- Manipulation with information.
Management Accounting for Decision Making
This training is designed to help professionals make better short‑term and long‑term business decisions through effective cost analysis and management accounting techniques. Participants will learn how to identify and apply relevant costs, prepare a well‑structured business case and justify decisions using clear financial reasoning. The course also develops participants’ ability to work with financial data from multiple sources and explain the logic behind their recommendations.
The program places significant emphasis on investment appraisal and the importance of the cost of capital in decision‑making. Participants will learn how to evaluate projects using both accounting methods and discounted cash‑flow techniques, enabling them to assess financial viability, compare alternatives and support fact‑based decision‑making across their organisations.
The course is suitable for:
CFOs, finance business partners, financial managers, financial analysts, management accountants, and non-financial managers across all functions and business units.
Topics covered:
- Types of decisions taken by the company:
- Capex vs. opex,
- Short term decisions vs long-term decisions,
- Relevant costs concept,
- Examples of short term decisions:
- Evaluation,
- Non-financial aspects to be considered,
- Business case vs. Business model,
- Elements of a business case:
- Why do we prepare a business case – different types of investment projects,
- Purpose and benefits,
- Scope and assumptions,
- Risks,
- Cost of capital:
- Sources of finance,
- Cost of capital of different sources – what to take into account,
- Weighted average cost of capital (WACC),
- Project specific cost of capital,
- Accounting methods of investment project evaluation:
- Simple rates of return: ROI; RI; ARR,
- Payback period,
- Discounted cash flow techniques:
- Present value vs future value,
- Assumptions and variables to consider,
- Discounted payback period,
- Net present value (NPV),
- Internal rate of return (IRR) and Modified Internal Rate of Return (MIRR),
- Profitability index,
- Building in flexibility into projects:
- Sensitivity analysis,
- Scenario analysis,
- Real options,
- Post completion audit.
Dates and details
| Date | Course | CPD points | Language | Place |
Price (excl. VAT) | Registration |
8–9 April 2026 |
9 | ENG |
Online |
10,800 CZK |
||
22–23 April 2026 |
9 | ENG |
Online |
10,800 CZK |
||
25–26 June 2026 |
9 | ENG |
Online |
10,800 CZK |
Are you interested in more information?
Do not hesitate to contact us, we will be happy to provide details or assist in preparing a programme tailored to your needs.
