Finance basics for enterprisers

1. Day I Finance basics for enterprisers In which methods can I finance my future businesses ? Marija Nikolić, cert . ecc

3. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request

23. Day II Finance basics for enterprisers What do I need to know about finance planning for my future business ? Marija Nikolić, cert . ecc

25. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request

26. From vision to enterpriser FINANCE PLANNING With finance planning company we can look answers on next questions: How much ’ll be profit, cost and yield? How’ll look situation of property and finance? How to guarantee capability payment of tax ? To we answer on this questions, on access there are tools of planning. Transfer of tools plan Balance plan Liquidity plan

31. Fixed charges Their size is not changing subject to volume of work Charges like that in economy of companies are : Charges for amortisation (machine, equipment and work space) Charges for bonus for work of unproduction workers Charges for dues in forums, subscription for magazines Charges warming, illumination and others. Charges kancelarijskog materijala Tariffs , working papers and others. At long-term – all charges are variable.

32. Variable charges Charges for working material Energy charges ( electric, fuel…) Charges for production workers Charges for article transports Charges for package Tax on products And others .

34. Down profitability barrier

39. Day III Finance basics for enterprisers Which finance reports I must learn to read ? – Part I Marija Nikolić, cert . ecc

41. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request

44. profit and loss account

45. profit and loss account

62. Altogether sale 288.000 Buying price of sold products 0 Material charges 40.000 Charges ( gross ) 30.000 Rapairs and upkeep, renewal, whiten and others . 10.000 Charges for all marketing types 10.000 Charges connected with drive-park 0 All traveling and representation charges 5.000 Accounting, laws, menagment 0 Rent, ; phone, fax and net ; electricity, water, gas charges 24.000 Property and workers safeguarding 0 Unmovable property taxes 0 Interest charges 4.000 Basic tools amortisation 5.000 Others charges 0 Altogether charges 128.000 Finance charges 0 PDV 5.000 Net incomes 155.000

63. I V dan Finance basics for enterprisers Which finance report I must learn to read – Part II ? Marija Nikolić, cert . ecc

65. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request

68. balance sheet

69. balance sheet

70. Balance example ASSET Balance day 1.1.2005 LABILITY Business place 200.000 Owners capital 150.000 Cash 50.000 Credits 100.000 250.000 250.000

72. Balance Sheet Importance 1 Balance sheet analysis 2 Connecting with profit and loss account

74. Example Wash service AS Takeover data from yesterday example . Equipment was bought at credit in value of 864.000 din for three years . For security liqudity enterpriser has pay in 50.000 rent for liqudity .

75. ASSETS 1.0 Current assets (1.1.+…+1.7. ) 50.000 1.1. Assets and equivalents Counter , drawing accaunt , negotiable instruments 50.000 1.2. receivables Number which costumer owns by basic sale 1.3. Resources: raw materials Bought materials 1.4. Resources : work in progress Material charges 1.5. Resources: finished products Finished products which are ready for sale 1.6. Prepayments Rent , security 1.7. Others current assets 2. Basic assets ( 2.1.+ 2.2.+2.3 ) 864.000 2.1. Property Buying property value 2.2. business object Buying object value 2.3. Machines and equipments Buying machines and equipments value 864.000 3. Amortisation Current Assets Amortisation 0 4. Net Value t O.S. (2-3 ) 864.000 5. Altogether Assets ( 1+4 ) 914.000

76. LIABILITY 6. Short term engagements (6.1.+..+6.5.) 50.000 6.1. Engagements with suppliers Number which owe with suppliers 6.2. Engagements with taxes Taxes on long term payments, Unmovable property, yield 6.3. Engagements by interest Interest which are not paid 6.4. Engagements by short term Capital credit 6.5. Others short term engagements 7. Long term engagements 864.000 7.1. Long term credits Capital credit 864..000 8. Altogether Engagements (6+7 ) 9. Owners capital (9.1.+9.2.+9.3) 0 9.1. Owners capital/ shareholder Owner capital initial 0 9.2. Investment capital New owners capital 9.3. Reinvestment yield Reinvestment yield from past period Altogether LIABILITY (8+9 ) 914.000

77. V day Finance Basic for enterprisers How can I know should I invest in this business idea ? Marija Nikolić, cert . ecc

79. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request

80. Conclusion I – IV day Connecting of learned and using of it : Practice method with making tasks by leading way

81. Practice Time of backing investments , internal rentability step , discouting of time backing investemnts and net now value

82. Anal ysis Fixed company finance plan

83. Budžetiranje Vežba: Budžetiranja – provera isplativosti moje ideje : dve vežbe, preduzeće i radnja (grupni rad)