Improving Your Accounting & Finance Skills for Non-Finance Managers & Executives

27-28 Sep, 2017, Kuala Lumpur

FOCUSING ON
  • Introduction To Finance And Accounting
  • Explanation Of The Three Main Financial Statements
  • Interpretation Of Financial Statements For Effective Decision Making
  • Understanding And Controlling Expenses In A Company
  • Common Accounting And Finance Terms Faced
  • Cash Flow – Key To Survival
  • Budgets And Variance Analysis
  • New Investments Or Project Decisions
OBJECTIVE

This 2-day course is designed to provide all participants with a basic understanding of the fundamentals of Finance & Accounting. In today’s business environment there is no escape for non-Finance Managers in not knowing the financial impact of their decisions on the company.

 

Every division, every department and every executive of the company are all geared towards working to a common goal which is to maximize shareholder value.

 

Knowing and appreciating the Finance and Accounting principles would increase the contribution of non-Finance Managers to the company especially in the areas of measuring profitability, costing, cash flow, budgeting and investment decisions.

 

Also the participants will understand how external factors such as the economy, competitors, material prices and government policies affect the financial condition of the company.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding the fundamentals of Finance and Accounting
  2. Knowing the objectives and meaning of the three main Financial Statements.
  3. Gaining financial statements interpretation skills.
  4. Learning how to control expenses
  5. Appreciation of good cash flow management for business survival
  6. Preparing reasonable and practical budgets and variance analysis.
  7. Knowing the key factors for large capital and fixed asset investment justification.
WHO SHOULD ATTEND
  • All non-Finance and Accounting department managers and executives.
  • Junior Finance Executives
  • Any persons interested in attaining a basic understanding of Accounting
METHODOLOGY
Interactive Lectures, Exercises, Case Studies, Discussion and Q&A Session
DAY 1
9:00 INTRODUCTION TO FINANCE AND ACCOUNTING
  • The difference between Finance and Accounting
  • Explanation of the various business structures and accounting needs.
  • Importance of Accounting to the various parties; shareholders, banks, Income tax etc.
  • Why Non Finance staff need to be familiar with Accounting; how it will help them in management reporting and budgeting.
10:45 EXPLANATION OF THE THREE MAIN FINANCIAL STATEMENTS
  • The Profit & Loss Statement or Income Statement.
  • The Balance Sheet
  • The Cash Flow Statement
  • Difference between Financial Accounting and Management Accounting.
1:00 Lunch

2:00

INTERPRETATION OF FINANCIAL STATEMENTS FOR EFFECTIVE DECISION MAKING

  • Interpreting Financial Statements made simple for non-Finance staff.
  • Use of ratios for financial analysis and measuring performance.
  • Explanation of Gross Margins and Net Margins.
  • How to increase profitability of a product.
Simple class exercise on interpretation and analysing Financial Statements.
3:45 UNDERSTANDING AND CONTROLLING EXPENSES IN A COMPANY
  • Explanation of the various type of expenses; manufacturing costs, variable costs and fixed costs.
  • Which expenses can be controlled and which cannot be reduced.
  • The “top ten” tips for reducing expenses.
  • Budgeting for expenses; techniques to create and achieve the best possible budgets.
  • How to handle and report negative variances.
5:00 End of Day 1
DAY 2
9:00 COMMON ACCOUNTING AND FINANCE TERMS FACED
  • Difference between External Audit and Internal Audit.
  • Accruals and prepayments.
  • Credit notes and discounts.
  • Bad Debt write off and provisions
  • Fixed Assets and Depreciation
  • Year- end audit process and how accounts have to be managed.
10:45 CASH FLOW – KEY TO SURVIVAL
  • Understanding the cash flow cycle of a company.
  • The importance of sales collections on time.
  • The impact every department or division’s performance on cash flow of the company.
  • Is borrowing good for a company and how much to borrow?
1:00 Lunch

2:00 BUDGETS AND VARIANCE ANALYSIS
  • Importance of Budgets to a company and understanding the basic principles of preparing budgets.
  • How to identify and explain budget versus actual variances using ratio analysis.
  • Techniques to determine the root cause of variances and taking corrective action.
  • Behavioral aspects of Budget – inter department conflicts and management’s actions.
Second class exercise; preparing simple sales and expenses budgets and variance analysis
3:45 NEW INVESTMENTS OR PROJECT DECISIONS
  • The basic elements and assumptions of new project investment.
  • What senior management look for when approving new projects?
  • Basic understanding of the three types of project evaluation.
    - The IRR method
    - The NPV method
    - The Cash Payback method
5:00 End of Course

 

LEARN FROM THE BEST

MR. S. GOBINATHAN, FCCA (UK), MBA (USA), a UK qualified accountant has an extensive professional finance career, spanning over 30 years with BP the leading global oil & gas company and Bristol-Myers Squibb a Fortune 500 US based global pharmaceutical company. His career with BP and Bristol-Myers Squibb has taken him to various countries such as Indonesia, Vietnam and more recently Australia. In 2006 here-located to Melbourne Australia and worked for BP Australia for 2 years before setting up his own accounting and management consultancy business there.

 

Throughout his working career, Mr. Gobi has held Finance Controller and Finance Director responsibilities for a wide range of finance related functions including Financial Control, Budgetary Control, Corporate Reporting, Cash Flow Management, Investment Appraisal, Project Commercials, Internal Auditing and Management Information.

 

Mr. Gobi has much experience in critically analysing financial performances, verifying and validating new investments decisions, monitoring budget variances, business risk management and corporate finance. In this course Mr. Gobi would like to share with participants his experience on how Finance professionals in today’s world can move up the corporate ladder by increasing their competency levels by improving their Financial Accounting skills.

 

Mr. Gobi is an experienced and well received trainer, having run training courses, both public and in-house, for over 10 years in Malaysia and abroad in various finance areas.

 

VENUE DETAILS

Parkroyal Kuala Lumpur
Jalan Sultan Ismail, Bukit Bintang,
50250 Kuala Lumpur

Phone :03 2147 0088

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@ipa.com.my
 

ADDRESS 

A-28-5, 28th Floor, 
Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my