Finance For Non Finance Executives And Managers

Managers all over the world are increasingly facing top-line and bottom-line demands amidst an environment that is uncertain and challenging. Hence for a manager to be effective, he or she should have good business acumen for which fundamental financial knowledge is critical.

In an article entitled, “Business Acumen Involves More Than Numbers”] Chris Berger, a principal and member of the human resources practice explains that business acumen starts with the ability to understand how a company makes and loses money and that leaders must be financially literate and be able to understand numbers on company financial statements.

The program is designed for Managers and Leaders who want to enhance their ‘business acumen’ and take positions of responsibility and accountability. Additionally, it enables participants to improve their knowledge of finance and financial analysis to be able to see the financial outcome and impact of strategies and operations and be able to better monitor and control performance of companies.

The approach taken during the program is one from a business perspective so as to be able to see flow of money and critical links for control and results and for the effective management of resources.

The program uses a wide variety of participative methods including mini case studies to understand company balance sheet, income statements, cash flow statements and statements to add value to the effective management of organization.

What Will I Learn From This Course?

• Insight into the key financial statements – the Income Statement, the Balance Sheet and the Cash Flow Statement to enable good communication with the finance department and contribute effectively at management meetings
• Solid appreciation of the terminologies used by finance directors or accountants allowing Company Directors to contribute more effectively to board room discussions hence adding value to managing and leading a business effectively
• Demystify the myth that ‘financial concepts” are complex
• Learn finance from a “business perspective”
• Understand how the numbers are generated, how they can be manipulated
• Evaluation and assessment methods of financial statements using effective ‘basic analysis’ and accepted financial ratios.
• International Financial Reporting Standards (IFRS) in the context of the Malaysian Accounting Standards Board
• Great appreciation for working capital management and operating working capital and why it is important in critical times of uncertainty.
• Differences between Statutory Financial Statements and Management Accounts and their essential uses.
• The Key Financial KPIs
• Knowledge of types of costs, profit and breakeven as financial tools
• Get an insight into costs concepts and marginal costing for effective decision making
• Understand the importance of budgets and forecasts and it’s drivers and controllers
• Overview of capital expenditure.
• Learn the importance of Capital Expenditure (CAPEX) decisions and how they are determined in organizations