If you want to build effective and flexible management system within your organization, your managers need to demonstrate a basic understanding of finance. This training is designed in a simple and understandable format to convey financial fundamentals to non-finance people. It will boost your business and financial literacy, resulting in well-informed economic decisions.

The course starts by introducing accounting basics and then teaches you to understand financial statements.

You will learn to:  

  • Speak common language with finance people
  • Understand financial statements
  • Analyse financial statements
  • Assess financial position and performance of the company
  • Prepare budget of the company/department

Training agenda:


Role of the Finance

Structure of Financial Statements

-- Income Statement

-- Balance Sheet

-- Accrual Basis

Analysis of Financial Statements

-- Profitability

-- Efficiency

-- Liquidity

-- Debt

Cash Flow Statement


-- Income Tax

-- VAT

-- Withholding Tax



About Trainer

Davud Mamedov, ACCA

Partner trainer of FireWorks HRM Davud has more than 10 years of experience as external and internal auditor in Azerbaijan, Russia, Georgia, Kazakhstan and Turkey. As the General Director of the firm Davud leads financial advisory and CFO services.

Prior to establishing his own practice, as an Audit Manager in Deloitte Davud managed external audits of top banks and insurance companies in Azerbaijan. Among his clients were Bank of Baku, Unibank, Bank Respublika, Hyatt, AXA, Topaz, Azericard, Synergy Group, Detal Aluminium, etc. Davud gained extensive expertise in interpretation and application of IFRS and IPSAS. As an independent consultant Davud had been involved into a number of due diligence and business valuation projects working both with local and foreign investors. As the Head of Internal Audit in Allianz (Russia) and Eurasia Cinemas (Turkey) Davud  managed inspections and audits of internal control and risk management systems. He also gives lectures to students of Azerbaijan State Economic University and conducts trainings to corporate clients. 

Davud is a member of Association of Chartered Certified Accountants (ACCA).


Date: 24, 25 of May, 2018

Duration: 2 half days (9:00-13:00)

Language: Azerbaijani/with English terminology 

The deadline for registration is May 18, 2018. 

Please, download and fill in Training Enrollment Form and send back to the email elnara.jafarli@fworks.az no later than 18th May, 2018. 

  Training Enrollment Form