FINANCE FOR NON FINANCE MANAGERS A 2 day highly practical & hands-on workshop for quick learners.

Transcription

1 FINANCE FOR NON FINANCE MANAGERS A 2 day highly practical & hands-on workshop for quick learners. OVERVIEW February April October December 2014 *Holiday Villa Hotel, Subang Jaya (*Subject to change) Visit for the latest dates As manager, you wear many hats managing people and other resources. Because your company s ultimate goal is return to stakeholders, you want to clearly know how you can show THE FINANCIAL RESULTS in the Financial Statements of the Company. Because of that, you want to confident in your ability to read and interpret Financial Statements so that you to be an effective, efficient and valuable asset. The good news is you can now learn to use these tools to increase your knowledge and skills. You do not have to be a financial expert before the course because in this workshop, you will learn the financial tools and language in a highly hands-on and practical way. Whether you are managing day to day operations or planning for growth or new product lines, these tools will be invaluable to the decision making process. LEARNING OUTCOMES By the end of the course, the delegates will be able to: INCREASE your financial literacy & financial vocabulary for business & work OBTAIN a competitive edge by understanding the basics principles of accounting and fundamentals of finance and accounting EXPOSE yourself to budgetary planning and variance analysis so that you think like an accountant too MANAGE cost and increase efficiency of your projects/ departments/ divisions / company or organisation. ACQUIRE the skills to detect early warning signs of possible projects or business failure so that you can make wiser decisions GRASP & UNDERSTAND useful Financial Tools and techniques required for effective decision making. STRESS on the importance of business units in achieving corporate business objective

2 SUITABLE FOR All savvy managers and executives in functions like : Sales & Marketing Production & Engineering Human Resources & Finance and Accounting Purchasing & Procurement R&D / Production Development Anyone who is determined to be successful in his / her career COURSE OUTLINE 2 days 9.00am 5.00pm DAY 1 MODULE 1: SPEAKING ACCOUNTING Understanding why accounting / finance is important? Know the objective of a business / Organisation A brief history of Accounting and the purpose of Financial Reports MODULE 2: ACCOUNTING FRAMEWORK Understand the different between Conceptual Framework and Regulatory Framework What are the Fundamental Accounting Concept and assumption used in preparing Accounting Records and why these are being used MODULE 3: TYPES OF ACCOUNTS Differentiate between Assets, Liabilities, Expenses, Income and Equity Understanding the Accounting Equation Assets = Liabilities + Equity Differentiate between OPEX and CAPEX MODULE 4: READING FINANCIALS Introduction to the various Financial Statements and their uses Statement of profit or loss and other comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Tools use in Financial Statement Analysis Vertical Analysis Horizontal Analysis (Trend Analysis) Ratios Analysis operational ratios, financial ratios and valuation ratios

3 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 Other considerations How to read Notes to the accounts in Published Financial Statement Different between Publish Accounts and Management Accounts What are the Limitations of Ratio Analysis DAY 2 MODULE 5: BUILDING BUDGET Types of budgets Differentiate the various types of budgets Incremental, Zero-based and Rolling MODULE 6: COMPARING BUDGET APPROACHES When and which is better - Top-down or Bottom-up approach? 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: COSTING DECISION Cost Behaviour How is Cost being define? How to differentiate between the 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 9: INVESTMENT APPRAISAL Understand the basic investment appraisals such as Payback analysis, Return On Investment (ROI) and Net Present Value (NPV) to better make sound decisions. METHODOLOGY This workshop s methodology is a combination of expert input, interactive practical exercises, lots of hands-on exercises simulating real-business situations, group discussions and sharing.

4 COURSE LEADER Mr. CS YUNG comes with 37 years of working experience in auditing, financial accounting, treasury functions, administration, general management, lecturing and corporate training. He started his career in a big four audit firm as an articled student and graduated as an accountant. Thereafter, he assumed positions of Accountant, Finance and Administration Manager, General Manager and Executive Director in various business sectors, including financial, retailing, distribution, healthcare and multi-level marketing. He is a member of the Malaysian Institute of Certified Public Accountants and Malaysian Institute of Accountants and is also a Certified Professional Trainer accredited by the International Professional Managers Association, UK. He specialises in training Financial and Accounting topics such as Finance for Non Finance Managers, Interpreting Financial Statements, Financial Ratio Analysis, Costing and Budgeting. He trains in both English and Mandarin. The training the topics that he has conducted include Budgetary Control/ Budgeting For Effective Planning Finance for Non - Finance Personnel MiCPA Audit Guide for Practitioners Practical Auditing/ Basic auditing techniques Analytical Procedures Management planning and team dynamics programme Practical Accounting Skills/Preparing Full set of financial statements Risk and Control : two sides of a coin Effective Internal Controls The Right Way to Manage Risks Planning an audit of financial statements Understanding the audit process Yung also sat on the board of a public listed company as independent non-executive director (A.C.E). Yung is also itrainingexpert.com's associate trainer specialising in Finance and Accounting. For any consultancy, speaking or training engagements, feel free to contact him at info@itrainingexpert.com.

5 INVESTMENT Normal price: RM US per delegate Early Bird Price: RM US per delegate (Payment 14 days before the course commence) Group Registration: RM US per delegate for a minimum of 3 participants register together.(fee inclusive of Buffet Lunch, Refreshment, Training Materials, Certificate of Achievement) REGISTRATION Download Registration from: /Registration Registration Online: /Registration This Training Programme is SBL Claimable *Subject to PSMB conditions. All registrations MUST be accompanied with PAYMENT 14 days after the issuance of invoice to the event. Completed registration form with payment made in favor of: "ITRAININGEXPERT GLOBAL PLT" Bank in to "CIMB BANK BERHAD" Account No: Swift Code: CIBBMYKL. or fax the pay-in slip to us at info@itrainingexpert.com or fax:

6 TRAINING REGISTRATION FORM (PUBLIC PROGRAM) Upon submission of this registration form, you undertake the Registration Policies and have read and understood the terms and regulations. Registration date: Training Programme Title: Training Programme Date: Fee per pax (RM): Total (RM) Meal preference: Vegetarian Normal No Participants Name Designation Contact No (Handphone) Company Name: Address: Telephone : Fax : Contact Person Name : Designation : Telephone : Fax : Mobile: Authorised Signature Company Stamp By submitting the registration form, you have fully read and understand the policy stated: PLEASE FAX THIS FORM TO or to info@itrainingexpert.com For enquiry, please contact us at

7 INVOICE, REGISTRATION, CANCELLATION, PAYMENTS, DISCOUNT, AND REFUND POLICIES PAYMENT AGREEMENT 1. The organiser shall confirm all registrations latest by one (1) week before the commencement of the 2. To join, please complete this Registration Form and return to us via FAX NO , send a signed scanned copy to info@itrainingexpert.com or register online. Reservation or Registration by Telephone WILL NOT BE ACCEPTED. 3. A pro-forma invoice will be ed to you upon acceptance of the Registration Form. Payment is required within 14 days upon receipt of the invoice. All payment must be before to the training date. Confirmation letter will be issued to participants once payments have been received. All payments must be banked into the organiser s bank account and or fax payment slip as proof of payment. 4. Payment MUST BE DONE prior to the event s commencement otherwise the registrant can be refused entry. 5. For late payment, we will start charging a 10% interest for payment not received 7 days after the completion of the program. 6. Please make cheque payable to: "ITRAININGEXPERT GLOBAL PLT" and bank in to CIMB Bank Berhad 7. Account No: Swift code: CIBBMYKL. or fax the payment slip back to us for confirmation. 8. The course offered is SBL claimable under Human Resources Development Fund (Malaysia). CANCELLATION POLICY 1. The organiser shall confirm all registrations latest by one (1) week before the commencement of the course. 2. Once a registration is confirmed, NO CANCELLATION IS ALLOWED. If the registered delegate is unable to attend, a substitute is allowed. A registration cancelled on the week of confirmation will be charged the full training fee. 3. All cancellations will incur a 10 per cent administration fee. 4. Cancellations made less than seven working days before the training event will not be eligible for a refund. 5. For cancellation in writing (letter/ ) in more than 14 days prior to the training we will prepare a full refund. 6. If you cannot attend an event, you can nominate a substitute at any time without payment of an administration fee. 7. In case of registrations that have been paid in advance, no refunds or credits will be given for registrations cancelled on the week of confirmation or for no-shows. A substitute may be sent. 8. A full (100%) refund may be granted if the course is cancelled by the organiser. The organiser reserves the right to postpone or cancel any course and/or change instructors at any time. PROGRAM POLICY Please note that consultant and topics are confirmed at the time of publishing. However, should circumstances beyond the control of the organizer may occur, we reserve the right to alter or modify the advertised speakers/ topics/ dates if necessary. ORGANIZER S RIGHT TO CANCEL OR RESCHEDULE We reserve the right to cancel or reschedule any program or course. In the event that, the organizer cancels a program or course, a full refund of the amount paid for the program or course will be issued or applied as a credit toward a rescheduled program or course. We cannot and do not assume responsibility for any other costs (i.e. non-refundable airline tickets or hotel reservations) or damages (including consequential, exemplary, incidental, or tort damages) or for any lost profits resulting from the rescheduling or cancelling a program or course. to info@itrainingexpert.com with any questions or concerns.