Finance, Costing & Budgeting Analysis For Managers

14-15 Aug, 2018, Kuala Lumpur

FOCUSING ON

PART 1: Financial

  • Module 1: Financial Ratios Analysis (Case Study)
  • Module 2: Predicting Business Failure (Using Altman Z Score)
  • Module 3: Cash Flow Statement
  • Module 4: Investment Appraisal and Capital Budgeting (Case Study)

PART 2: Costing & Budgeting

  • Module 5: Budgeting
  • Module 6: Cost Management (Case study)
  • Module 7: Cost-Volume-Profit Analysis
  • Module 8: Variance Analysis (Case Study)
OVERVIEW

This course is designed for current challenging environments whereby managing cost and finance is crucial for company sustainability, growth, profitability & liquidity. Skill set on managing cash flow & costing & resources constraint, capitalizing on the strength of dollars and low oil price will be optimized via the KPI focus approached. Real-current problematic costing & financial cases will be analyzed and scenario solutions will be provided under the guidance of Dr. Steven Liew.

WHO SHOULD ATTEND

All Managers, Accountants, Accounting Managers, Cost Accountants, Cost Analysts, Budget Analysts, Systems Analysts, Auditors And Financial Planners & All Those Who Are Serious In Understanding Financial & Costing Impact On Their Organization

METHODOLOGY

Interactive Lectures, Case Study, Video & Group Discussion.

Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;

  • Ease in planning, reporting & decision making process
  • Snapshot of overall issues & problem
  • Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding Product Costing systems and accounting for overheads
  2. Planning how to achieve optimum profitability under budget constraints
  3. Learning Strategic Cost Management and Decision Making in coping with rising costs
  4. Building in KPI values for all key strategic organization divisions
  5. Learning Standard Costing and variance analysis
  6. Understanding the cost accounting methods that can help in identifying the profitable products
  7. Knowing how to read a balance sheet, Profit & Loss Statement & Cash flow
  8. Using Cash Flow statement to evaluate performance
  9. Understanding the relationship between cash flow statement and balance sheet
  10. Knowing how to look for information efficiently in the annual report
  11. Learning how to size up a company quickly by reading their financial ratios
WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
  • “Two key points I learnt from Dr. Liew are Impact on P&L, BS, Cash Flow & Equity from your transactions (sales, expenses, assets) & Impact of operating, investing & financing activities on cash flow position.”
    Project/Business Analyst
  • “Overall good. I now know how to calculate NPV, IRR & Payback period. This helps me to plan well for investment project.”
    AVP- Investment & Business
  • “Thanks, Dr. Steven; very nice, interesting even it is an accounting course. Understand more about accounting view, now know more about finance & budget. Will make it into practice to manage my own financial planning as well.”
    Admin & HR executive
  • “Overall good. I am a bit slow due to not very good in accounting. I can say it is totally new to me. Big thank you, Dr. Steven. I will discuss with my top management regarding the budget aspects of my role for the next management meeting. Will implement this budget analysis to control branding & advertisement costs in 6 month times.”
    Brand Development & Operation Manager,
    DC Comics Super Heroes
  • “Good introduction to the basics of accounting and financial analysis using practical real life examples. Participants are able to grasp concepts quicker as it is hands-on and interactive.”
    Legal Division, Ministry of Finance
DAY 1: FINANCIAL
9:00 Module 1: Financial Ratios Analysis (Case Study)
  • Learn how to size up a company quickly by reading their financial ratios
  • Liquidity
  • Solvency
  • Efficiency
  • Profitability
  • Asset Management
  • Assessing drivers of company profitability and growth
  • Operations and investment strategies : operating and investment management
10:45 Module 2: Predicting Business Failure (Using Altman Z Score)
  • Measuring the ‘Fiscal-Fitness’ of a company
  • Combination of five weighted business ratios
  • The Interpretation of Z Score
1:00 Lunch

2:00

Module 3: Cash Flow Statement

  • Lifeblood of business – Cash Flow Statement
  • Relationship between cash flow statement and balance sheet
  • 3 streams of cash flow, Operating ,Investing & Financing
  • How to determine financial health from cash flow pattern
  • Determining if the company is using internal cash flow to finance growth or relying on external financing
3:45 Module 4: Investment Appraisal and Capital Budgeting (Case Study)
  • Calculate return on investment (ROI),
  • Calculate net present value (NPV), internal rate of return (IRR), and payback period
  • Recommendation to proceed or reject based on financial & non-financial considerations
5:00 End of Day 1
DAY 2: COSTING & BUDGETING
9:00 Module 5: Budgeting
  • Planning Process
  • Preparation Of Budgeting ( Operational & financial Budget)
  • Budgeting and Human Behavior
10:45 Module 6: Cost Management (Case study)
  • Outsourcing or Make-or-Buy Decision
  • Decision to Add or Drop a Product, Service, or Business Unit
  • Relevant Costs of Replacing Equipment
  • Pricing Decisions
1:00 Lunch

2:00 Module 7: Cost-Volume-Profit Analysis
  • Understand the concept of break-even- analysis in units and in dollars and the appropriate use of each
  • Understand the implications of operating leverage
  • Understand margin of safety and its impact on decisions to add fixed costs or to change cost structures
  • Understand the use of contribution margin in “what-if” analysis
3:45 Module 8: Variance Analysis (Case Study)
  • Variance analysis between standard costs and Actual costs in context of material, labor, overheads, efficiency, volume, wastages variances
  • Budgeting process: Detailed steps in preparing Budgets (sales, production, materials, human resource, rejects/scrap, indirect costs)
  • Variance analysis between Budgeted costs and Actual costs: identifying and rectifying variances; why and what went wrong.
  • Appreciating concept of ‘standard costing’ in cost control
5:00 End of Course

 

LEARN FROM THE BEST

Dr. Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

 

Dr. Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination

 

Dr. Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd , Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) Sdn Bhd; Dialog Group Bhd; SEDCO, KK; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd

 

VENUE DETAILS

Dorsett Kuala Lumpur
172 Jalan Imbi
55100 Kuala Lumpur

Phone :03 2716 1000

 

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