Financial Management for Beginners

14-15 Oct, 2021, Virtual Classroom Training

IPA Training is Registered with

Learn from the Best

TAN KOK TEE
DBA, MBA-Finance, FAIA, MIPA, MCCS, ACTIM,
International Accountant (UK),
Public Accountant (Aust.)
Certified Company Secretary.
HRDF Certified Trainer
Registered GST Agent.

 

MR. TAN KOK TEE has 40 years of working experience in Accounts & Financial, Strategic and General Management field. He has held a variety of leadership and senior management roles in various organizations, starting in the Accounts & Finance Department until CFO level and the last being Group Chief Executive Officer. More than half of these times were spent in the Manufacturing, Marketing & Distribution and Services organizations.

 

He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

 

He is also a Certified Trainer with PMSB’s (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF & Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

 

Mr. Tan has been involved in Advisory, Training and Facilitation since beginning 2009. To-date he has conducted about 400 training workshops throughout Malaysia on topics on Budgeting & Cashflow Planning; GST; SST; Practical Accounting for Accounting Staffs; Reading, Analyzing and Interpreting Financial Statement; Accounting and Finance for Non-Finance Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Reinventing the Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as public.

 

Among the organizations that Tan Kok Tee has been providing training for, include Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered Secretaries and Administrators, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), NGOs and many others public training providers.

 

His other clients include Shin Yang Group, MIRI, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Kobe Precisions, Tecktronic & Sons Holdings, Julie’s Biscuits, Ornapaper Melaka, Sunway University, Sime Darby Properties, Lion Group and many more.

 

To-date Mr. Tan has trained more than 15,000 Executives. He combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

 

He also developed and delivered an entrepreneurship program specially designed for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014 and was an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.

Venue Details

Virtual Classroom Training

Contact us

Juliany,
M - 012 2281 247
juliany@ipa.com.my

Michelle,
M - 019 363 7822
michelle@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Yvonne,
M - 012 201 1247
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

FOCUSING ON
  • PART 1
    - Introduction To Financial Management
    - Evaluation Of Financial Performance
  • PART 2
    - Management Of Working Capital Effectively (Especially During This Covid Pandemic Period)
    - Financial Planning And Forecasting
  • PART 3
    - Time Value For Money
    - Cost Of Capital
    - Risk And Returns
  • PART 4
    - Capital Budgeting


    A Certificate of Completion with 14 hours CPD points will be awarded upon completion.
INTRODUCTION

While Accounting and Finance co-exist side by side and lead to lucrative prospects in growing fields involving the management of financial matters, they are two distinct disciplines.

 

The main difference between them is that those who work in finance focus on planning and directing the financial transactions for an organization, while those who work in accounting focus on recording and reporting on those transactions.

 

In layman language, Accounting is the organization of keeping records of every transaction whereas Financial Management is the management of monies or funds like sourcing, allocation and utilization of funds to support the organizations business operation.

 

Daily Accounting is more of a past activity, while daily Financial Management is more of future oriented.

LEARNING OBJECTIVES
  1. Enriching the fundamental knowledge and concept of Financial Management in practice.
  2. Identifying the usefulness of Financial Management requirements in every business operation.
  3. Mastering the foundation of Financial Management to enable participants in their financial planning.
  4. Systematically identifying the key areas of Financial Management essentials.
  5. Taking timely corrective actions in overcoming financial resource weakness.
WHO SHOULD ATTEND
  • Entrepreneurs
  • Finance Managers / Assistant Finance Managers
  • Fresh Financial Managers and Accountant
  • Accounting and Financial Executives & Supervisors,
  • Fresh Financial and Accounting Graduates and Students
  • All other persons who are involved in and/or interested to reskill or enhance their Financial Management skills to support their business operations.
METHODOLOGY
  • Interactive Lectures
  • Participative Q & A
  • Hands On Exercises On Templates Provided
DAY 1
9:00

PART 1

 

A. INTRODUCTION TO FINANCIAL MANAGEMENT

  • What is Finance
  • Category of Finance
  • Importance of Finance
  • Areas of Financial Decision Functions
  • Functions and responsibilities of Financial Managers
  • Financial Goal of a firm.
 

B. EVALUATION OF FINANCIAL PERFORMANCE

  • Objectives of Financial and Ratio Analysis
  • Internal and external comparisons
  • Profit versus Cash Flow
  • What is and how is EBIT and EBITDA calculated.
  • Comprehensive Examples, Meanings and Hands On calculation of:
    i. Profitability analysis:
    - Gross Profit
    - Sales Profit
    - Operating Profit
    - Profit before tax
    - ROI on Total Assets
    - ROI on Equity
    ii. Liquidity Analysis:
    - Current Assets to Current Liabilities
    - Quick Current Assets to Current Liabilities
    - Working Capital to total assets
    - Total Debt to Equity
    - Total Debt to total Assets
    iii. Over Trading analysis – ratio and index.
    iv. Operational Financial Management Efficiencies for:
    - Inventories
    - Collections
    - Payments
    - Lenders facilities
    - Fixed Assets
    - Total Assets
    v. Common Size Analysis (aka Vertical Analysis) and Horizontal.
    vi. Dupont Analysis method
1:00 Lunch
2:00

PART 2

 

A. MANAGEMENT OF WORKING CAPITAL EFFECTIVELY (ESPECIALLY DURING THIS COVID PANDEMIC PERIOD)

  • Risk – Return trade-off in working capital management
  • Factors affecting working capital level
  • Classification of Assets
  • Classification on sources of financing
  • Cash conversation cycle
  • Management of current assets
    i. Efficient inventory management versus loss of sales
    ii. Receivable management and its collection efficiencies
    - Think Win Win
    - Cost of Cash Discount
    - Apply Listening leadership principle – Empathic Communication
    - Synergizing – Creative cooperation principles
    - Application of Steven Covey’s 7 habits
    iii. Other Financial Assets, including pledge deposits
    • Managing of current liabilities
    i. Trade Payables
    ii. Financial Lenders
  B. FINANCIAL PLANNING AND FORECASTING
  • Types of Budgets
  • Importance and Benefits of a Cash Flow budget and forecast
  • How to read the cash flow statement at ease
  • Principles and Practice of Managing the cash flow:
    i. Proactiveness
    ii. End in Mind First (EIMST)
    iii. First thing first
  • Segmentation of a cash flow budget
  • Detail Schedule of expected collections and payments.
5:00 End of Course
DAY 2
9:00

PART 3

 

A. TIME VALUE FOR MONEY

  • Compounding and future value
  • Future value and present value
  • Loan Amortization Value – effective interest calculation
 

B. COST OF CAPITAL

  • What is cost of capital and its importance?
  • How to calculate Individual cost of capital financing:
    i. Debts
    ii. Preference shares
    iii. Ordinary shares
    iv. Retained Earnings.
  • Weighted Average Cost of Capital (WACC)
  • How to calculate the WACC
  • Factors affecting WACC
  • Optimal Capital Structure
  • Marginal Cost of Capital.
  C. RISK AND RETURNS
  • Measurement and classification of returns:
    i. Realized return
    ii. Required return
    iii. Expected return
    iv. Capital Assets Pricing Model (CAPM)
  • Measurement and types of risk
    i. Systematic risk
    ii. Unsystematic risk
  • Diversification effect and portfolio return.
  • Leveraging
1:00 Lunch
2:00 PART 4
  A. CAPITAL BUDGETING
  • What is capital budgeting and its importance to business
  • Capital budgeting process
  • Types of projects:
    i. Independent projects
    ii. Mutually exclusive projects
  • Capital Budgeting decisions
  • Guides for Capital Budgeting
  • Project Benefits and cost
  • Relevant of cash flow in capital budgeting
  • Capital budgeting techniques:
    i. Discounted and Non- discounting cash flow
    ii. (IRR) Internal Rate of Return
    iii. (MIRR) Modified Internal Rate of Return
    iv. Payback period Total Cash flow basis and Incremental cash flow basis.
    v. (ARR) Accounting Rate of Return
    vi. (AARR) Average Accounting Rate of Return.
    vii. Returns on present value cash flow
    viii. Capital Rationing – reasons and project selections:
    ix. Risk adjusted discount rate.
  • Fundamentals of Valuations
    i. Margin of Safety
    ii. Intrinsic Value
    iii. Management Value
5:00 End of Course