Finance, Costing & Budgeting Analysis For Managers

22-23 Jan, 2024, Wyndham Grand Bangsar Kuala Lumpur (Formerly Known As Pullman Bangsar Kuala Lumpur)

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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 multinational 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; CPAAustralia (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.

Venue Details

Wyndham Grand Bangsar Kuala Lumpur (Formerly Known As Pullman Bangsar Kuala Lumpur)
Jalan Pantai Baharu, Jaya Tower 3,
Phone : 03-2298 1888

Contact us

03 2283 6109

03 2283 6100 

03 2283 6101

A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur


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.

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.


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


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.
  1. Understanding Product Costing systems and accounting for overheads
  2. Planning how to achieve optimum profitability under budget constraints
  3. Learning Strategic Cost Management and Decision Making in coping with rising costs
  4. Building in KPI values for all key strategic organization divisions
  5. Learning Standard Costing and variance analysis
  6. Understanding the cost accounting methods that can help in identifying the profitable products
  7. Knowing how to read a balance sheet, Profit & Loss Statement & Cash flow
  8. Using Cash Flow statement to evaluate performance
  9. Understanding the relationship between cash flow statement and balance sheet
  10. Knowing how to look for information efficiently in the annual report
  11. Learning how to size up a company quickly by reading their financial ratios
  • “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
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


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
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
5:00 End of Course