Analysis and Interpretation of Financial Statements for SMEs using ratio analysis



After the completion of the program, the trainees will be able to:

  1. Identify and describe the major numeral categories.
  2. To identify and define the key terms in financial statements.
  3. Sort the information in the various sections of the basic financial statements.
  4. Separate the various types of numerical indicators and the data required to calculate them.
  5. Create a comparative analysis of the Audited Financial Statements.
  6. Demonstrate a thorough understanding of the fundamental financial statements.
  7. Demonstrate a thorough understanding of the basic terms and information contained in the financial statements.
  8. Identify indicators of financial problems (as determined by an examination of the Financial Statements) and select timely corrective measures
  9. To categorize the information in the financial statements based on the key indicators.
  10. Choose the proper formulas for calculating the basic numberofindicators.
  11. Calculate key financial indicators, particularly liquidity, financial installments, and indebtedness.
  12. Explain any significant differences in results compared to the budget.
  13. To explain and document the Financial Statements' utility in assessing the Company's progress and achieving its strategic objectives.
  14. To create an effective or strategic strategy for capitalizing on opportunities revealed by financial statement analysis.
  15. Interpret financial indicators and effectively assess the company's financial position and performance
  16. To adequately defend their decisions using financial statement data
  17. To work smoothly and effectively with the finance department's staff.
  18. Participate effectively in meetings with bankers, professional accountants, and certified auditors.
  19. To justify any deviations in the Company's financial results from the initial objectives
  20. To objectively criticize and contradict the financial data that will be presented by professional accountants and external auditors.
  21. Compare this year's financial statements to last year's and motivate employees to improve results.
  22. To defend, protect, and work in the best interests of the company for which they work/own shares.
  23. Participate in important meetings with Senior Management and the Board of Directors, and confidently answer questions about the results of their work.

Addressed to:

  • Entrepreneurs
  • general managers
  • department heads, accountants

CPD accreditation:

*The course may be approved for up to 7CPD units verified directly by the participant's association, regulator or other bodies which holds membership.

** For the Cyprus Bar Association Members this counts as part of their Continuous Professional Development, qualified as Non-verifiable CPDs.

*Group rates available.  **Early Bird discount may apply.

This course can be offered inhouse, customised to your business needs.


*Infocredit Professional Education division (IPE)  holds the right to postpone or cancell any seminar within a logical time frame near to the start date of the seminar, in the case whereas no adequate number of participants is registered i .e. less than 6 persons and/or in the case that out of the list of registered people are not included at least 4 employed people  ( as per HRDA guidelines). You can access  HRDA guidelines by clicking the link: 




Course dates

Dec 08 - Dec 08, 2022

Class hours



HRDA Approved

Training certificate

Human Resource Development Authority of Cyprus (HRDA)

Method of instruction




Educational material



not required



Course Instructors

Chrystalla Kazara
BBA, MBA, AIB, CFE, ACCA,Internal Audit Consultant | Anti-Fraud Strategist | Corporate Trainer

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Course Locations


  • Cleopatra Hotel ,Florinis 8, Nicosia 1065, Cyprus

For more info call us on:

+357 22398000


Quick and Easy Registration

For Companies and Unemployed Individuals, the prices shown below are after the deduction of the HRDA subsidy.

More information is provided during the registration process, including the HRDA Terms and Conditions for eligibility.

VAT (19%) is included on the prices below.


Unemployed (CY)


Payment: JCC

Discount Policies
1st - 8th -100.00% 0.00€

For more information

+357 22398000
8 seats remaining
International and non- HRDA eligible


Payment: JCC

Discount Policies
1st - 10th -10.00% 278.46€

For more information

+357 22398000
10 seats remaining
Company (CY)


Payment: JCC

Discount Policies
1st - 2nd -0.00% 190.40€

For more information

+357 22398000
28 seats remaining

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