Improving Your Competency in Finance

09-10 Oct, 2017, Kuala Lumpur

FOCUSING ON
  • Introduction – The Importance Of Accounting And Finance
  • Explanation of the Key Financial Statements and Reports
  • Accounting And Finance Competency Basics: Understanding The
  • Commonly Used Accounting Terminology
  • The Main Finance & Accounting Competency: Interpreting and Analyzing
  • Financial Statements
  • Importance of Knowing Your Costs: To Control Expenses
  • Budgets: Benefits of being competent in Accounting and Finance
  • Understanding And Managing Cash Flow
  • New Investments Or Project Decisions
OBJECTIVES
This 2-Day intensive course is aimed at upskilling the participants in the area of Accounting and Finance.
  • In today’s competitive and challenging business conditions, every staff are directly or indirectly held accountable for the financial performance and it becomes more critical if the business is under performing.
  • Having said that, it will be a huge obstacle if staff did not understand the basic fundamentals of Accounting and Finance. Every decision making situation, be it increasing sales, reducing expenses or improving cash flow is depended on financials.
  • This 2-day course will explain the 3 financial statements and train participants how to interpret and analyze financial information. Budgeting is a function that every participant will be required to be involved with and this 2-day course will train participants on how to apply their Accounting and Finance knowledge in setting and tracking budgets. Cash Flow is an important life line for every business. Included in the course is a module on how to manage the day-to day cash flow cycle to ensure business survival.
  • Most businesses embark on new projects or new investments but the return or benefits are below expectation, sometimes loss making. It comes down to realistic and accurate evaluation of these projects and the course will upskill participants in this area.
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 and Finance.
METHODOLOGY
  • Interactive Lectures, Exercises, Case Studies, Discussion and Q&A Session.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Ensuring participants appreciate the importance of basic Accounting and Finance competency.
  2. Understanding the 3 key Financial Statements.
  3. Familiarizing yourself with the commonly used Accounting terminology.
  4. Understanding, interpreting and analyzing Financial Statements.
  5. Gaining new techniques to manage and control expenses.
  6. Using basic competency in Accounting and Finance in Budgeting.
  7. Understanding and managing Cash Flow and sourcing methods.
  8. Knowing the key factors for large capital and fixed asset investment justification.
DAY 1
9:00 INTRODUCTION – THE IMPORTANCE OF ACCOUNTING AND FINANCE
  • Objectives of accounting and the difference between accounting and finance.
  • Explanation of the various business structures and scope of accounting.
  • Why non-accounting and finance staff cannot ignore accounting and finance knowledge.
  • Minimum core accountancy and finance competency levels non- accounting and finance staff should have.
  • Accounting and audit; difference between internal audit and external audit.
10:45 EXPLANATION OF THE KEY FINANCIAL STATEMENTS AND REPORTS
  • Balance Sheet – the net worth or value of the business.
  • Income Statement - showing the profitability of a business.
  • Cash Flow Statement – identifying the actual cash movements.
  • Types of the various management reports.
1:00 Lunch

2:00

ACCOUNTING AND FINANCE COMPETENCY BASICS: UNDERSTANDING THE COMMONLY USED ACCOUNTING TERMINOLOGY

  • What is accruals and when we have accruals
  • Difference between operating expenses and capital expenditure (fixed assets).
  • The importance of depreciation
  • Credit notes and discounts.
  • Bad Debt write off and provisions
  • Year- end audit process and how accounts have to be managed.
3:45 THE MAIN FINANCE & ACCOUNTING COMPETENCY: INTERPRETING AND ANALYZING FINANCIAL STATEMENTS
  • Identifying the level and depth of interpretation based on requirements.
  • Understanding Ratio Analysis; the key tool in interpreting and analyzing.
  • Gross Margin and Net Margin differentiation analysis.
  • Measurement of entire business using Key Performance Indicators (KPI).

    Simple class exercise on interpretation and analyzing Financial Statements.
5:00 End of Day 1
DAY 2
9:00 IMPORTANCE OF KNOWING YOUR COSTS: TO CONTROL EXPENSES
  • Various types of expenses; manufacturing costs, variable costs and fixed costs.
  • Use of Ratios to measure and control costs.
  • Latest cost control technique: identifying between controllable and un-controllable costs.
  • Techniques to control expenses.
10:45 BUDGETS: BENEFITS OF BEING COMPETENT IN ACCOUNTING AND FINANCE
  • Principles of Budgeting and objectives of Budgeting.
  • Defining proper assumptions and estimates based on ratios in Budgets preparation.
  • Analyzing root cause of variances and techniques in variance reporting.
  • Behavioral aspects of Budget – inter department conflicts and management’s actions.

    Second Class Exercise on Preparing Simple Sales And Expenses Budgets And Variance Analysis
1:00 Lunch

2:00 UNDERSTANDING AND MANAGING CASH FLOW
  • Cash flow cycle of a company; working out the optimum cash flow cycle.
  • Techniques of managing your cash flow by managing stock, debtors and creditors.
  • How to prevent cash flow problems by avoiding the 3 main problematic reasons.
  • Sourcing short term cash flow deficit requirements.
3:45 NEW INVESTMENTS OR PROJECT DECISIONS
  • The basic elements and evaluation methods in deciding on new projects or investments.
  • Basic understanding of the three types of project evaluation.
    - The IRR method
    - The NPV method
    - The Cash Payback method
  • Use of Return on Capital ratio application to new projects.
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