SMART Finance for Non-Finance Professionals

SMART Finance for Non-Finance Professionals is a two-day workshop which aim to provide learners an overview of the financial knowledge and essentials to assist the managers and executives in their daily activities in apply fundamental financial management knowledge to the business.

Objective

By the end of the course, learners will be able to:

• Understand and Apply Key Financial Terminology

• Understand Common Accounting Principles and Concepts

• Understand the key financial statements and make business decisions

• Identify and Apply Common Financial Ratio and Interpretations

• Read and Interpret Annual Reports

• Understand and Monitor Budgeting and Forecasting

• Gain insight into popular cloud accounting software and how it can improve work efficiency and productivity

Outline

Introduction

• What is Accounting & Finance?

The Accounting Cycle

• Underlying Principles

Financial Statements

Balance Sheet

• Assets, Liabilities, Equity

Income Statement

• Revenue, Cost of Goods Sold, Expenses

Cash Flow Statement

Chart of Account

• R E C A L

Review of Key Financial Terminology

• Debit and Credit

Financial Ratio Analysis

• Liquidity Ratios

• Profitability Ratios

• Solvency Ratios

• Asset Management Ratios

• Stock Market Ratios

Cashflow Management

• Cashflow Cycle

• Effective Cashflow Management techniques

Identify High and Low Risk Companies

• Types of Business Risks

• Identify Financial Risks

Budgeting and Strategy Planning

• The Budgeting Process

Introduction to Cloud-Based Accounting System

• Xero Accounting System

• QuickBooks Accounting System

Who Should Attend

• Non-Finance Professional including Admin, Human Resource, Procurement, Marketing and Sales, Project Managers, Heads of Department, Business Heads, GMs, CEO, Entrepreneurs

Methodology

• This course will be conducted where quizzes and group work will be used to reinforce learning. Illustrations, questions and real-world examples from the trainer and participants’ experiences will be shared during the course. Case Studies and Accounting Software will be used to facilitate practical learning.