Executive
Education
Courses

Ready to lead the future?

Riga Business School’s Executive Education courses give you the tools, mindset, and confidence to thrive in a rapidly changing world.

Whether you’re an experienced professional or an emerging leader, our high-impact courses are designed to sharpen your skills, expand your perspective, and accelerate your growth.

Stay relevant. Stay competitive. Lead with confidence.

Executive
Education
Courses

Ready to lead the future?

Riga Business School’s Executive Education courses give you the tools, mindset, and confidence to thrive in a rapidly changing world.

Whether you’re an experienced professional or an emerging leader, our high-impact courses are designed to sharpen your skills, expand your perspective, and accelerate your growth.

Stay relevant. Stay competitive. Lead with confidence.

APPLY
October 14, 2026

Wednesday
1:00 PM – 5:00 PM

In-Person

EUR 390 + VAT

led by Edgars Voļskis,
Ph.D. in Economics (University of Latvia)

Understanding Financial Statements and Company Performance: Finance for Non-Finance People

Course Objective

This course is designed for non-financial professionals seeking a solid understanding of corporate financial statements — their structure, content, and key components. Participants will learn how to analyze a company’s financial position, performance, and cash flows, as well as evaluate its financial health, growth potential, and associated risks. The course will also enhance participants’ ability to calculate and interpret key financial ratios, including profitability, liquidity, and solvency, from both short- and long-term perspectives.

Course Overview and Key Topics

This course provides a comprehensive exploration of financial statements, their structure, and the underlying double-entry accounting system that links each business transaction to specific parts of the financial reports. Participants will develop practical skills to analyze historical financial performance and make informed decisions regarding a company’s future economic and operational sustainability.

Additionally, the course covers essential aspects of monitoring corporate performance through budget execution and the implementation of long-term strategic goals.

Title of the Part Main Topics
The Forms and Structure of Financial Statements
  • Statement of Financial Position (Balance Sheet)
  • Statement of Comprehensive Income
  • Statement of Changes in Equity
  • Cash Flow Statement
  • Notes to the Financial Statements
Decomposition of Financial Statements and Their Analysis
  • Key principles of the balance sheet
  • Current and non-current assets
  • Equity components
  • Short- and long-term liabilities
  • Profit and Loss Statement
  • Comprehensive income and OCI (Other Comprehensive Income)
  • Continuing and discontinued operations
  • Classification of cash flows: operating, investing, financing
The Concept of the Double-Entry System
  • Basic principles of business transactions
  • The concept of debit and credit
  • Accounting equation fundamentals
Financial Analysis Concepts
  • Working capital and liquidity analysis
  • Profitability and margin ratios
  • Solvency and leverage ratios
  • Monitoring credit, market, and liquidity risks
Business Decision-Making Based on Financial Information
  • The going concern principle
  • Understanding independent auditor’s reports
  • Dividend distribution decisions
  • Mergers and acquisitions (M&A) basics

Course Learning Outcomes

  • Thorough decision-making skills based on the decomposition of financial statements and their subsequent financial analysis.
  • Identification and monitoring of liquidity, solvency, and fraud risks.
  • Evaluation of short-term performance based on budget execution and the success or failure of implementing long-term strategic plans.

For questions, please contact: [email protected] or [email protected]

Understanding Financial Statements and Company Performance: Finance for Non-Finance People

led by Edgars Voļskis,
Ph.D. in Economics (University of Latvia)

October 14, 2026

1:00 PM – 5:00 PM

In-Person

EUR 390 + VAT

Course Objective

This course is designed for non-financial professionals seeking a solid understanding of corporate financial statements — their structure, content, and key components. Participants will learn how to analyze a company’s financial position, performance, and cash flows, as well as evaluate its financial health, growth potential, and associated risks. The course will also enhance participants’ ability to calculate and interpret key financial ratios, including profitability, liquidity, and solvency, from both short- and long-term perspectives.

Course Overview and Key Topics

This course provides a comprehensive exploration of financial statements, their structure, and the underlying double-entry accounting system that links each business transaction to specific parts of the financial reports. Participants will develop practical skills to analyze historical financial performance and make informed decisions regarding a company’s future economic and operational sustainability.

Additionally, the course covers essential aspects of monitoring corporate performance through budget execution and the implementation of long-term strategic goals.

Title of the Part Main Topics
The Forms and Structure of Financial Statements
  • Statement of Financial Position (Balance Sheet)
  • Statement of Comprehensive Income
  • Statement of Changes in Equity
  • Cash Flow Statement
  • Notes to the Financial Statements
Decomposition of Financial Statements and Their Analysis
  • Key principles of the balance sheet
  • Current and non-current assets
  • Equity components
  • Short- and long-term liabilities
  • Profit and Loss Statement
  • Comprehensive income and OCI (Other Comprehensive Income)
  • Continuing and discontinued operations
  • Classification of cash flows: operating, investing, financing
The Concept of the Double-Entry System
  • Basic principles of business transactions
  • The concept of debit and credit
  • Accounting equation fundamentals
Financial Analysis Concepts
  • Working capital and liquidity analysis
  • Profitability and margin ratios
  • Solvency and leverage ratios
  • Monitoring credit, market, and liquidity risks
Business Decision-Making Based on Financial Information
  • The going concern principle
  • Understanding independent auditor’s reports
  • Dividend distribution decisions
  • Mergers and acquisitions (M&A) basics

Course Learning Outcomes

  • Thorough decision-making skills based on the decomposition of financial statements and their subsequent financial analysis.
  • Identification and monitoring of liquidity, solvency, and fraud risks.
  • Evaluation of short-term performance based on budget execution and the success or failure of implementing long-term strategic plans.

For questions, please contact: [email protected] or [email protected]

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