Finance & Budgeting

Finance for non-financial managers

What do managers do every day? Make decisions. And whatever decision is made in an organization (sales, marketing, production, human resources, etc.), that decision will have an impact on the organizations’ income statement, balance sheet, and cash flow. Managers must learn how to read these financial statements.

Companies don’t plan to fail, they often fail to plan

How to prepare a master budget (sales, production, expenses, cash, income statement and balance sheet).

Planning an important investment?

How to analyze the three most important financial criteria pertaining to financial investments. Also, analyzing the potential risks.

Cost analysis

Are my costs variable, fixed, or mixed ? In the latter case, how do I split them between variable and fixed ? How do my costs and volumes affect my profits ?

Financing a company’s operations

Short-term, long-term financing. Degrees of operational leverage, financial leverage, combined leverage.

Claude Varley

Claude Varley, MBM, LSCC, (ICHEC, Brussels), is President of Varley & C°, Monaco and of Somodi, Monaco. With thirty years of managerial experience in industry:

American-Standard (Assistant to the Vice-President Control and Finance, Europe),
American Hospital Supply Corporation, (President of AHSC Benelux, then Vice-President Control and Finance, European Division),
SBGCA and Sud-Boissons (CEO/President of the Coca-Cola bottling companies in the south of France)

coincident with fifteen years of lecturing and consulting in Accounting, Finance, and Human Resources, Claude Varley is now heavily involved in teaching at several universities and business schools in Europe (Monaco, Prague, Athens, Tirana, and formerly Belgrade).

He has developed courses and seminars in Financial Accounting, Managerial Accounting, Financial Management, Budgeting, Auditing, Internal Control, and Executive Search. He is the former President of the Board of Directors of the American International School in Nice, a Past-President of the American Chamber of Commerce (Monaco/French Riviera chapter), and a former Vice-President of the Monaco Ambassadors Club.

Finance & Budgeting

Training tomorrow’s leaders

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