Financial accounting:

While studying the course, I received a working knowledge of financial statements as a primary instrument of communicating financial information internally and externally. The conducted analysis of the HVB Bank Ukraine performance helped me to understand the relationship between P and L, balance sheet and cash flow statements, strengths and weaknesses of various techniques and ratios by which these statements are analyzed. A critical appraisal of the Bank’s performance, identified problems and negative tendencies, suggestions on improvements supported by figures and calculations can be a source for development of the Bank’s strategy and operational processes, as well as introduction of new operations and services.

Zakharova Inna,JSC BANK "HVB BANK UKRAINE"

I deal with financial figures very often in my daily work, but lack of financial education has not allowed me to look deeper in what is behind them. The course “Financial accounting” opened my eyes on the ways of calculation of financial standing of a company. It gave me understanding that good figures do not necessary mean that a company is in good shape and vice versa bad figures do not means that company dies. It is more important that now I have tools to check it properly.

The new knowledge will also help to analyze the activity of my company. This examination can also reveal some areas where improvement is needed. I can discuss it with financial analysts and speak with them at the same language, so the consultancy will be more efficient. Generally saying the exercise was really very useful and will find application in my work in future.

Igior Zabulonsky,
Paroc (Finland)

Financial planning:

I consider this course very useful for me as well as for my company. In our work we tend to concentrate on the sales targets and budgets. After having learned the course I realize that a lot of our plans and projects failed because we discussed a lot the plans and targets but never about the investment we may need in order to provide more sales.

Irina Yerofeyeva,
Euroenergo Ltd

The course of financial planning gave me a lot of outstanding insights about how we could foresee company's performance and achieve desirable results by managing different processes and indicators.

Summarizing the results of my studying of this course and analysis that were done in this assignment I came to the conclusion that knowledge and skills that I obtained from this course will have an outstanding importance for me as for a top manager. I would like to thank IBR for a great opportunity to work on such an interesting issue.

Katerina Melanchuk
Ernst& Young

Managerial and cost accounting:

Many recommendations made in all these assignments are realistic and doable. The main help of given management report could be description of importance of management accounting to be implemented in the company with identification of all benefits and cost savings that could be brought in case of implementation.

Sergey Naumov,
Raiffeisenbank Ukraine, Kyiv

For me working on the Course on “Management and Cost Accounting” proved to be a very exciting and – if I may say so - entertaining experience after dealing with rather scholastic and academic courses on financial accounting and financial planning. The Course on Management accounting seems to give more room for developing creative approaches towards decision-making. In my perception the studying material for the course is closely linked to strategic management, business planning and marketing analysis in the sense that it equips the manager with some essential knowledge in terms of seeking for a relevant information needed for controlling the operations, choosing adequate targets and formulating the tasks to the staff as well as making adequate managerial decisions

Olga Chmola
International Monetary Fund