The finance training is designed for managers and employees from non-financial functions to develop financial skills that will support their daily work with financial executives, customers, suppliers, and banks. Knowledge of basic financial categories, balance sheets, controlling, and investments is today considered essential for managers in all business functions.

WTS provides training tailored to the following groups:

Finance for General Directors

• Setting and monitoring KPIs (Key Performance Indicators)

• Financial-technical aspects of annual budget preparation

• Financial evaluation of projects

• Financial elements of managerial contracts (contracts with directors), benefits, and obligations

• Different types of bonuses for executives – tax and legal analysis

• Mandatory tax effects that directors need to consider

• Tax strategy and planning

Finance for HR Managers

• Bonuses – tax and financial treatment of various types of bonuses and incentives

• Employee benefits – tax and financial treatment of different benefits

• Legal and tax treatment of employee secondments abroad

• Tax treatment and implications of employing foreign nationals

• Financial elements of managerial contracts (contracts with directors), benefits, and obligations

• Mandatory tax effects that HR managers need to consider

• Actuarial calculations according to accounting standards

• How to utilize tax exemptions for employees

Finance for Commercial Staff

• Analysis of the balance sheet, income statement, and cash flow

• Importance of net working capital and how commercial staff can influence cash flow improvement

• How to efficiently and quickly assess customers’ creditworthiness

• Key elements of receivables management policy

• Determining the need for customer credit limits

• Customer credit policy

• Financial-technical aspects of annual budget preparation

• VAT basics, tax implications of discounts, returns, and specific transactions