Fundamentals of Finance & Accounting For Non-Financial Managers

28-29 Nov, 2018, Kuala Lumpur

FOCUSING ON

Part A

  • Session 1: How To Understand And Use The “Language Of Business”
  • Session 2: “Finance 101” For Managers
  • Session 3: Generally Accepted Accounting Principles- Financial Statements And Reports
  • Session 4: Financial Statements And Reports

Part B

  • Session 1: Using The Financial Tools Available To You To Make Better management decisions
  • Session 2: Using The Financial Tools Available To You To Make Better Management Decisions
  • Session 3: Computers And Financial Management
  • Session 4: Comprehensive Illustration With Question And Answer
OVERVIEW

Today’s managers are required to understand and speak the language of finance and accounting in order to achieve their goals, objectives and bottom-line results.

 

In this non-technical, real-world-oriented training, you’ll gain the finance and accounting savvy you need to plan budgets, justify requests, spot problems before they get out of hand and much more.

 

You’ll learn the practical financial concepts and skills that will help you make better management decisions. This comprehensive two-day course shows you how to become a better manager by learning how to apply the basic financial principles so critical to your success.

OBJECTIVES
  1. How to focus quickly on the figures that matter most in reports, budgets and balance sheets
  2. How to avoid problems and recognize opportunities that can affect the bottom line of your organization
  3. How to use basic financial tools to measure results and plan for growth
  4. How to present reports and plans in sound financial terms for greater impact and acceptance at all levels of management
  5. How to gain confidence and increase your comfort level in working with financial facts and figures
  6. How to save money, time and frustration by learning the standard practices, language and fundamentals of finance and accounting
  7. How to use the numbers to gain perspective for strategic planning and decision making
  8. How basic skills in finance and accounting positively affect all parts of your job, including managing people, setting short- and long-term objectives and controlling costs relationship
  9. Investigate complaints for better decision making.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Knowing how to read financial statements
  2. Using proven accounting methods to forecast revenue and plan for growth
  3. Clearing up the most common misconceptions non- financial managers have about “the numbers”
  4. Discussing and reporting financial data in the appropriate terminology
  5. Learning 15 indispensable terms that will help you speak the language of finance and accounting
  6. Knowing how to zero in on the important numbers in any financial report
  7. Recognizing opportunities for improving cash flow and profit contribution
DAY 1
9:00 SESSION 1: HOW TO UNDERSTAND AND USE THE “LANGUAGE OF BUSINESS”
  • What every manager needs to know about the basic building blocks of accounting and finance
  • How to cut through the jargon to translate
    financial data into meaningful concepts and understandable terms
  • The 15 financial terms your business vocabulary must include
  • Financing business—where the money comes from ... types of loans … short-term, long-term financing ... unsecured loans ... factoring … advantages and disadvantages of each
  • How to present your ideas and plans in the appropriate financial terms
  • How to avoid the most common sources of confusion between accountants and managers
  • 5 important ways understanding and applying Generally Accepted Accounting Principles (GAAP) will make you a more effective manager
10:45 SESSION 2: “FINANCE 101” FOR MANAGERS
  • Which concepts of budgeting all managers need to understand
  • 2 powerful financial concepts you’ll use throughout your career
  • The important differences between figuring expenses and revenues on a cash versus accrual basis
  • 4 real-world examples of how to use depreciation to reduce taxable net profit
  • How to identify fixed versus variable costs
  • How to develop workable rules for setting up financial statements
  • When and why to capitalize expenditures
  • Payables and receivables—what every manager must know
  • “Profit” and “loss”—understanding the real meaning of each
1:00 Lunch

2:00

SESSION 3: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES-FINANCIAL STATEMENTS AND REPORTS

  • How to compute net worth and stockholders’ equity
  • How to account for assets, liabilities, equity, revenue and expenses
  • Understanding the basic “T” accounting system
  • Sorting business transactions into the appropriate debits and credits
  • Understanding the basics of the accounting cycle
  • Checking for accuracy: The value of taking a trial balance
  • Simple guidelines for posting accounts
  • How to understand and interpret the most common financial reports
3:45 SESSION 4: FINANCIAL STATEMENTS AND REPORTS
  • The Balance Sheet
  • The Income Statement
  • Cash Flow Statement
  • Equity Statement
  • Explanatory Notes
5:00 End of Day 1
DAY 2
9:00 SESSION 1: USING THE FINANCIAL TOOLS AVAILABLE TO YOU TO MAKE BETTER MANAGEMENT DECISIONS
  • 3 measuring sticks for evaluating the financial performance of any endeavour
  • How you play a role in controlling cash flow even if your department is not a profit center
  • When and where to record business transactions and how to use the information recorded
  • How to quickly decipher balance sheets, income statements and cash flow reports
  • Tips from the professionals on how to prepare financial statements
  • How to report financial information in the proper format
10:45 SESSION 2: USING THE FINANCIAL TOOLS AVAILABLE TO YOU TO MAKE BETTER MANAGEMENT DECISIONS
  • How to use a simple formula for figuring break-evens
  • 3 quick ways to find the vital numbers in any financial report
  • The key financial ratios to consider when analysing financial statements
  • How to use accounting principles to make realistic growth projections
  • 2 important elements to look for in annual reports
1:00 Lunch

2:00 SESSION 3: COMPUTERS AND FINANCIAL MANAGEMENT
  • Overview of the available software packages: Accounts receivable and payable programs, budget tracking systems and more
  • Recognizing what personal computer software programs can do for you—and what they can’t
  • Evaluation criteria to help you select the best software package for your unique need
3.45 SESSION 4: COMPREHENSIVE ILLUSTRATION WITH QUESTION AND ANSWER
 
5:00 End of Course

 

LEARN FROM THE BEST

HARI RAMULU MUNUSAMY is a Business Financial Consultant cum Lecturer, with wide experience in public practice and in financial management & public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1976.

 

He started his career with Messrs F. H. Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976. Subsequently, he continued his career as an Audit Supervisor with Kuantan in May 1984. In January 1986 he joined Messrs Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), Messrs Coopers & Lybrand (now known as PricewaterhouseCoopers),as an Audit Manager, till December 2006. Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation services including tax investigation, forensic accounting and company floatation.

 

Between 1993 and 2006, he had conducted seminars and courses in financial accounting, internal auditing, external auditing, and taxation to practitioners and general public. Notable and worthy of mention are: taxation seminars for Permodalan Nasional Berhad (PNB), auditing for FELDA, forensic accounting for ROYAL CUSTOMS MALAYSIA, and executive accounting and financial statements analysis course for Pahang ADUNs through Yayasan Pahang. He was the unofficial consultant to the State Secretary and Chief Minister of Pahang from 1997 to 2000.

 

He is deemed to be a prolific presenter with excellent commendations from participants. In 2008 he presented several seminars relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation of financial statements, and forensic accounting. Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), and an Associate member of the Certified Fraud Examiners of USA. His academic qualifications are: Diploma in Accountancy (Newcastle-Upon-Tyne, England), and Master of Business Administration (Accounting) from University of Newcastle, USA.

 

VENUE DETAILS

Furama Hotel Kuala Lumpur
136, Jalan Changkat Thambi Dollah
55100 Kuala Lumpur
- 55100
Phone :(603) 2788 8888

 

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