Improving Your Accounting & Financial Skills Including Management Reporting

19-20 Aug, 2019, Renaissance Kuala Lumpur Hotel

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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. 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

Renaissance Kuala Lumpur Hotel
Corner of Jalan Sultan Ismail and Jalan Ampang, 50450 Kuala Lumpur, - 50450
Phone : (603) 2162 2233

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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 To Accounting
  • Understanding, Interpreting And Analyzing The 3 Financial Statements
  • Preparing Management Reports
  • Understanding Cost Behaviour To Manage Your Profitability
  • Importance Of Budgets And Variance Tracking
  • Managing Cash Flow
  • Sources Of Finance
INTRODUCTION

This 2-Day course is designed to improve the accounting skills of accounting professional staff, particularly those who are starting new in their career. In today’s challenging business world, finance executives and professionals need to be very well versed with the basics of accounting and finance especially the day to day working practical knowledge.

 

Participants will have first hand practical experiences and knowledge on how accounting and finance executives are “connected to the business” by interacting effectively with other units of the company when making financial decisions, preparing budgets or cost cutting measures.

 

The course begins with a refresher on the basics of accounting concepts and moves on to the crucial skills of interpreting the financial statements using ratio analysis.

 

As an accounting professional you will need to understand the precise meaning and objectives of the 3 key financial statements. Effective presentation skills to senior management are next on the course with participants gaining useful skills on how to be a competent presenter and solutions provider. As budget coordinators or budget controllers, all Accounting professionals should be well skilled up in budget preparation, tracking and taking remedial measures. The course will wind up by covering cash flow issues that can cripple businesses.

WHO SHOULD ATTEND
  • Junior finance executives.
  • Newly qualified finance professionals starting their career.
  • Newly promoted Finance Managers or Controllers of small / medium sized companies.
  • Non finance professionals intending to enhance their knowledge on Finance.
AFTER ATTENDING THIS COURSE,
YOU WILL RETURN TO YOUR JOB …
  1. Obtaining a refresher on the basic concepts of accounting.
  2. Understanding and analyzing key financial statements to make better management decisions.
  3. Preparing and presenting effective management reports.
  4. Understanding of costs and the new concept of controllable and uncontrollable costs.
  5. Understanding of the business operations and other activities of the company.
  6. Knowing how to prepare budgets and variance reporting.
  7. Appreciating the importance of cash flow – key to business survival.
  8. Managing Accounts Receivables, Accounts Payable and Stock.
 
DAY 1
9:00 INTRODUCTION TO ACCOUNTING
  • The double entry principle.
  • Accounting concepts.
  • Difference between accounting and management reporting.
  • The Asset/Liability and Shareholder Funds equation.
  • Types of companies and the accounting impact.
10:45 UNDERSTANDING, INTERPRETING AND ANALYZING THE 3 FINANCIAL
STATEMENTS
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Use of Ratio Analysis to interpret and analyze the financial statements.
1:00 Lunch

2:00 PREPARING MANAGEMENT REPORTS
  • Actual vs budget variance reports.
  • Techniques of presenting adverse variances and solutions.
  • Preparing and updating forecasts.
  • How to prepare for management meetings.
3:45 UNDERSTANDING COST BEHAVIOUR TO MANAGE YOUR PROFITABILITY
  • Introduction to the new concept of Controllable and Un-controllable costs.
  • Preparing costs budgets on the basis
    of Controllable and Uncontrollable costs.
  • Variable and Fixed Costs management.
5:00 End of Day 1
DAY 2
9:00 IMPORTANCE OF BUDGETS AND VARIANCE TRACKING
  • Benefits of Budgets and its purpose as a Management Tool
  • Budgeting methods – selecting the appropriate method for your business
  • Variance Analysis – getting into the root cause.
  • Handling and reporting variance situations.
  • Preparing a Cash Budget.
10:45 MANAGING CASH FLOW
  • Understanding the operating cash flow cycle of a business.
  • Common reasons how unfavorable cash flows can destroy businesses.
  • Accounts Receivable.
  • Accounts Payable.
  • Stock.
1:00 Lunch

2:00 SOURCES OF FINANCE
  • Short term working capital.
  • Funding long term projects and fixed assets.
  • Taking loans versus internal funding.
  • Solving short term cash crisis.
4:30 Q & A Session

5:00 End of Course