Finance For Non Financial Managers

Good news, you have been promoted to manager. Are you ready to move higher up the corporate ladder? Do you know that your contribution to the bottom line of your organisation decide whether you could move higher?

Do you keep quiet during the Management Meeting as you do not understand the Financial Statements presented during the meeting? Are you keen to know how to read the Financial Statements, deciding the pricing of your products and using Budget as your planning and control tools? Get all these questions solved by attending the Finance for Non Finance Managers training.

As Entrepreneur, can you leverage on your management to run the company and still control the company? Join us to find out more so that you can spent your time spending money while your management making money for you.

In this "Finance for Non Finance Managers" training, participants will learn to understand how to read Financial Statements and utilize some Management Accounting Tools to increase their financial knowledge and skills.

This highly hands-on and practical mock business will help participants to manage their day to day operations, planning and decision making process.

Learning Outcomes:

• Improve their accounting and financial literacy & vocabulary
•  Comprehend the basics concept of accounting and how business transactions are captured
• Assist in  budgeting process and using budget as a planning and control tool
• Begin to managing cost better and decide on pricing decision especially during resources constraint situation
• Detect early warning signs of possible projects or business failure
• Grasp useful Financial & Management Accounting Tools and techniques required for effective decision making.

Who Should Attend:

• Sales & Marketing
• Technical and Engineering
• Human Resources (HR)
• Production and Planning
• Research & Development (R&D)
• Purchasing & Procurement
• Warehouse and Logistics
• General Managers
• Director
• Entrepreneurs

Programme Outline:

• Day 1
• Module 1 : Speaking Accounting
• Understanding what is accounting and why accounting
• Know the objective of a business / Organisation
• The purpose of Financial Reports
• Module 2 : Types Of Accounts
• What are the Fundamental Accounting Concept and assumptions used in preparing Accounting Records and why these are being used?
• Differentiate between Assets, Liabilities, Expenses, Income and Equity
• Understanding the Accounting Equation of Assets = Liabilities + Equity
• Differentiate between OPEX and CAPEX
• Module 3 : Reading Financials
• Introduction to the various Financial Statements and their uses
• Tools use in Financial Statement Analysis
• Vertical Analysis
• Horizontal Analysis (Trend Analysis)
• Ratios Analysis – operational ratios, financial ratios and valuation ratios
• Statement of cash flows
• The difference between Profit and Cash and why the saying “Cash is King”
• How to analyse the statement of cash flows
• Day 2
• Module 3 : Reading Financials (continue)
• Different between Publish Accounts and Management Accounts
• Causes, Trigger and Early Warning of Financial Distress
• What are the Limitations of Ratio Analysis
• Module 4 : Costing Decision
• What is Cost?
• Cost Behaviour
• How to differentiate between direct and indirect cost?
• Differentiate the controllable and uncontrollable cost
• Cost – Volume – Profit Analysis
• Learning the Contribution formula and thus working with the Break–even Point analysis
• How to decide on the Pricing?
• Module 5 : Building Budget
• Types of budgets
• Differentiate the various types of budgets – Incremental, Zero-based and Rolling
• Module 6 : Budget Exercise
• Module 7 : Budgeting As A Planning And Control Tool
• Using the budget to control the business and what are the limitation factors.
• Understanding the Budgeting process and its coordination
• How to forecasting sales revenues and expenses and building up the budgets numbers
• When to adjust the budget to reality
• Module 8 : Investment Appraisal
• Understand the basic investment appraisals - Payback Period, Return On Investment (ROI), Net Present Value (NPV) and Internal Rate of Return (IRR) for better decisions making