Mastering Financial Skills for Non Finance Managers & Executives

19-20 Sep, 2018, Kuala Lumpur


FOCUSING ON
  • The Purpose And Importance Of Accounting
  • Basic Everyday Accounting Terms Explained
  • Understanding The Financial Statements
  • Interpretation Or Understanding Of Financial Statements Made Simple
  • Practical Understanding Of Costs In A Company.
  • Cash Flow – Key To Survival
  • Budgets And Variance Analysis
  • New Investments Or Project Decisions
OBJECTIVES

This 2-day course is designed to provide all participants with little or no accounting background a basic understanding of the fundamentals and methods of Finance & Accounting.

 

In today’s business environment it is very important for escape for non-Finance Executives to understand the finance and accounting impact of their decisions. Every staff of the company are all geared towards working to a common goal which is to maximize sales, profits and shareholder value.

 

Understanding the Finance and Accounting principles would enhance the contribution of non-Finance Managers and Executives to the company especially what is Profit & Loss, Balance Sheet and Cash Flow Statements.

 

Participants will also be taught costing, cash flow, budgeting and investment decisions.

 

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

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.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Learning basic Finance and Accounting principles.
  2. Understanding and relating Profit & Loss, Balance Sheet and Cash Flow Statements to your area of responsibility.
  3. Learning the basic day to day accounting y=terms and transactions.
  4. Knowing the cost structure of your company and how they change according to the business activity.
  5. Understanding how cash flow impacts your company.
  6. Obtaining a basic understanding of the principles of Budgeting.
  7. Learning how new investments are evaluated before committing the company.
DAY 1
9:00 THE PURPOSE AND IMPORTANCE OF ACCOUNTING
  • The Concept Of A Business Entity And Why We Have Accounting
  • Meaning Of Assets And Liabilities And Shareholder Capital
  • Who Are The Important Users Of Financial Statements
  • Why Non Finance Management And Staff Need To Understand Financial Statements
10:45 BASIC EVERYDAY ACCOUNTING TERMS EXPLAINED
  • Accruals And Prepayments
  • Bad Debt Write Off And Provisions
  • Fixed Assets And Depreciation
  • Year End Audit Process And How Accounts Have To Be Managed
1:00 Lunch

2:00

UNDERSTANDING THE FINANCIAL STATEMENTS

  • The Profit & Loss Statement Or Income Statement
  • The Balance Sheet
  • The Cash Flow Statement
  • Management Profit & Loss By Divisional Or Department
  • Understanding Enough Financial Basics To Prepare Reports And Provide Explanations
3:45 INTERPRETATION OR UNDERSTANDING OF FINANCIAL STATEMENTS MADE SIMPLE
  • Interpreting Financial Statements From A Layman Perspective
  • Use Of Ratios For Financial Analysis And Measuring Performance
  • Comparison Of Financial Statements Against Previous Financial Periods And The Industry
  • How To Distinguish Between Profits And Cash
5:00 End of Day 1
DAY 2
9:00 PRACTICAL UNDERSTANDING OF COSTS IN A COMPANY
  • Types Of Costs In A Company; Variable Costs, Fixed Costs, Manufacturing Costs, Overhead Costs
  • Examples Of Costs By Various Industries
  • Understanding The Break Even Theory In Detail; Minimum Sales Required
10:45 CASH FLOW – KEY TO SURVIVAL
  • 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.
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.
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 he re-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 analyzing 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 in the areas of Financial and Management Reporting.

 

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

Hotel Istana
73 Jalan Raja Chulan
50200 Kuala Lumpur

Phone :03 2141 9988

 

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