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
He is currently providing management consultancy and training specializing in GST, Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.
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
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)
INSTITUTE OF PROFESSIONAL ADVANCEMENT IPA as a professional body is dedicated to continuing education, training and development of all success-driven organizations and individuals. Certificate of Completion with 14 hours CPD points will be awarded upon completion.
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…
Understanding Product Costing systems and accounting for overheads
Planning how to achieve optimum profitability under budget constraints
Learning Strategic Cost Management and Decision Making in coping with rising costs
Building in KPI values for all key strategic organization divisions
Learning Standard Costing and variance analysis
Understanding the cost accounting methods that can help in identifying the profitable products
Knowing how to read a balance sheet, Profit & Loss Statement & Cash flow
Using Cash Flow statement to evaluate performance
Understanding the relationship between cash flow statement and balance sheet
Knowing how to look for information efficiently in the annual report
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