Interpreting & Analysing Financial Statements Made Simple

14-15 Mar, 2018, GRAND SEASONS HOTEL KUALA LUMPUR

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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. 

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

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 

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 Interpretation skills. 

Mr. Gobi spends most of his time travelling between Malaysia and Australia conducting training programs and performing consultancy services.  He has an established management consultancy business in Australia.  In Malaysia 
Mr. Gobi has been conducting both public and in- house training programs on finance for over the last 15 years and has a proven track record in delivering successful programs.

 

Venue Details

GRAND SEASONS HOTEL KUALA LUMPUR
No. 72, Jalan Pahang, 53000 Kuala Lumpur, - 53000
Phone : (603) 2697 8888
Fax : (603) 2698 5888

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Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@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

FOCUSING ON
  • Introduction: The Need For Financial Analysis And Interpretation
  • First Step In Analysing And Interpreting Skills: Understanding The Financial Statements
  • Techniques To Analyse And Interpret Financial Statements
  • Understanding Costs In A Business For Effective Decision Making
  • Analysing Business From A Cash Flow Point Of View
  • Analysing Budgets VS Actual Financial Performance – Latest Techniques You Need To Know
  • Commonly Faced Problems And The Solutions In Financial Analysis And Interpretation
  • Specialized Financial Analysis Situations
OBJECTIVE

This 2-Day course is designed to improve the understanding and interpretation of financial statements skills of business analysts, accounting professional staff and others involved in preparing financial reports.

 

Financial statements such as the Income Statement, Balance Sheet and Cash Flow are usually prepared by way of routine accounting tasks but normally not understood and analysed properly to make informed decisions. The main area covered in the course is the commonly requirement of budgets versus actual variances. In addition the course will also cover specialized situations such as projects, fixed asset purchase decisions and loan financing applications. To reinforce the theoretical aspect of the course there will be two class exercises, one on the analytical skills using ratio analysis and the other, identifying and reporting budget versus actual variances.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Thinking beyond accounting: appreciating the importance and need for Financial Analysis and Interpretation.
  2. Understanding and analysing the three main Financial Statements.
  3. Using Ratio Analysis as an effective tool to analysis and interpret Financial Statements.
  4. Being aware of the type of costs including the latest techniques and how to control costs.
  5. Managing Cash flow movements to minimize cash shortages.
  6. Knowing the latest techniques in the Actual vs Budget financial variance analysis
  7. Solving problems for common problems faced in Financial Analysis and Interpretation.
  8. Understanding financial analysis in specialized situations.
WHO SHOULD ATTEND
  • Finance Executives.
  • Business Analysts
  • Newly qualified Finance Professionals starting their career.
  • Newly promoted Finance Managers or Controllers of small / medium sized companies.
  • Non finance staff involved in budgets preparation and reporting.
METHODOLOGY
  • Interactive Lectures, Exercises, Case Studies, Discussion and Q & A Session.
DAY 1
9:00 INTRODUCTION: THE NEED FOR FINANCIAL ANALYSIS AND INTERPRETATION
  • Limitations of Accounting for Financial Analysis and reporting.
  • Difference between Accounting and Financial Analysis.
  • Financial analysis as a pre-requisite for interpretation and decision making.
  • How quality financial analysis and reporting will help you make an impact in your company.
10.45 FIRST STEP IN ANALYSING AND INTERPRETING SKILLS: UNDERSTANDING THE FINANCIAL STATEMENTS
  • The Profit & Loss Statement or Income Statement.
  • The Balance Sheet – understanding the Assets, Liabilities and Shareholder’s Funds.
  • The Cash Flow Statement; how cash plays an important part of the business.
  • Difference between Financial Accounting and Management Accounting.
1:00 Lunch

2.00 TECHNIQUES TO ANALYSE AND INTERPRET FINANCIAL STATEMENTS
  • Use of Ratios as the main technique for analysing financial statements.
  • Explaining the 4 main criteria to analyse a business and the relevant ratios.
  • Techniques of writing good management financial analytical reports.
Class Exercise: Calculation and interpretation of Ratios using a Case Study company
3.45 UNDERSTANDING COSTS IN A BUSINESS FOR EFFECTIVE DECISION MAKING
  • Review of Variable costs/Fixed Costs/Semi Variable Costs.
  • The new approach: Identifying costs by Controllable and Uncontrollable Costs.
  • Techniques to control costs in a difficult or loss making situation.
  • Difference between overhead costs and capital expenditure costs; how it effects your analysis.
5:00 End of Day 1
DAY 2
9:00 ANALYSING BUSINESS FROM A CASH FLOW POINT OF VIEW
  • How mis-management of cash flow can destroy the long term future of a business.
  • Identifying the correct level (safe) level of operating cash flow cycle of a business.
  • Identifying sources of funding options for short term needs and long term needs.
  • What banks look for in evaluating loans; latest bank credit policies.
10.45 ANALYSING BUDGETS VS ACTUAL FINANCIAL PERFORMANCE – LATEST TECHNIQUES YOU NEED TO KNOW
  • Refresher on objectives and benefits of having budgets.
  • Variance analysis – The technique of getting to the root cause of variances and deciding on corrective actions: The 3 step drill down approach.
  • Effective written, verbal communication, reporting and presentation skills for Actual vs Budget performance.
  • How to set, allocate and monitor follow through action responsibilities.
Case study/exercise on Variance Analysis and reporting techniques
1:00 Lunch

2:00 COMMONLY FACED PROBLEMS AND THE SOLUTIONS IN FINANCIAL ANALYSIS AND INTERPRETATION
  • Techniques to overcome time constraints.
  • Knowing how to identify and focus on the large impact items or variances.
  • Simplifying allocated costs/departmental allocations.
  • How to improve your written and verbal communications skills.
3.45 SPECIALIZED FINANCIAL ANALYSIS SITUATIONS
  • Project tracking and forecasting.
  • Analysing manufacturing costs overruns.
  • Fixed Asset purchase decisions.
  • Decisions on whether to continue or discontinue a loss making product, service or division.
5:00 End of Course