Financial Knowledge And Skill For Non-financial Personnel

Accounting and Finance has always been recognized as a very key function in any organization. It provides the basis for information reports to be generated from these records to help managers to make a more informed and effective decisions to increase their organizational performance.

Accounting and Finance will forever be an extreme asset and vital aspects to one’s career and organization success. It is a “Need To Know” subject matter.

Hence this training workshop will help all Non Finance Managers to increase their Performance and Communication effectiveness in their daily Accounting Work through new knowledge acquired.

What You Will Learn:

• Enrich the fundamental knowledge and concept of Accounting and Finance in practice
• Awareness of the Accounting Standard and Policies requirements of capturing each and every Accounting transactions.
• Understand the various key Accounting and Finance Terms in the accounts and the presentation of the Financial Statements format.
• Able to analyse and interpret the content of the Financial Statement and identify the areas that are having operating problems, weaknesses and inefficiencies.
• Take timely corrective actions to overcome financial weakness and inefficiencies

Who Should Attend:

• All non financial staff who need a good understanding of finance and accounting.

Course Structure:

• 9.00am – 10.30am
• Fundamentals of Accounting
• Introduction of Accounting and Finance and its various key terms use daily.
• The role of Accounting and Finance in business,
• Difference between Financial & Management Accounting and Financial Management.
• Accounting Standards and Policies
• Accounting Concepts and Equations
• 10.30 - 10.45
• Tea break 
• 10.45am – 12.30pm
• Financial Accounting Function
• Accounting Transactions processing and its matching concept.
• Difference between Capex and Opex.
• Classifications of Cost and Opex
• Month End Adjustments - Accruals, Provisions for Payable expenses, Prepayments, Depreciation & Amortization and Impairment adjustments
• Understand and comprehend the different components in Financial Statements:
• Statement of Total Comprehensive Income:
• Statement of Profit and Loss
• Revenue and Other Income
• Timing of Revenue recognition
• Different type of cost in Profit and Loss
• Difference of Opex and Capex
• Statement of Other Comprehensive Income
• Other Equity Components
• Meaning and importance of Other Comprehensive Income.
• 12.30 - 1.30
• Lunch 
• 1.30pm – 3.00pm
• Understand and comprehend the different components in Financial Statements - CONT:
• Statement of Financial Position:
• Non-current and Current Assets and Liabilities concept.
• Difference between Property Plant and Equipment and Investment Properties
• Intangible Assets
• Meaning of fair value
• Biological Assets
• Right of Use Assets
• Working Capital Components and its  impact on Cash flow
• What is Contingent Liability?
• Deferred Tax
• Statement of Cash Flow
• Reading Cash Flow statement made easy
• Statement of Change in Equity.
• 3.00 - 3.15
• Tea break 
• 3.15pm – 5.00pm
• Understanding Financial Performance Analysis.
• Application of Financial / Accounting ratios:
• Profitability
• Liquidity
• Over trading
• Efficiencies
• Stability