Finance For Non-Financial Executives

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  • Private Class Price is Per Day not Per Pax
  • Send 1 or 20 pax for the same price
  • HDRF Claimable(SBL)

Private Class from

3400/day

(2 Days)

BENEFITS

Upon completion of this program, participants will be able to:

  • Understand the basic concepts and conventions used in financial literature
  • Understand and identify basic financial source documents and other financial documents in the company
  • Learn and appreciate from the finance department's point of view, the process of book keeping and accounting for better understanding of what the finance department does.
  • Understand and interpret the various financial statements created by the finance department of the company
  • Understanding the difference between various type of cost
  • Learn and understand how to manage working capital effectively

AUDIENCE

This program is designed for executives, senior supervisory staff and new managers of all departments/functional areas be it IT/Sales & Marketing/Business Development Production/Human Resource, Legal, Engineering or anyone who wants to be more effective in helping the company achieves its financial goals.


METHODOLOGY

This program will be presented via interactive lectures, Q&A, discussions, practical hands-on activities, and group & individual presentation. Students are encouraged to bring their notebooks for this session as some calculations are required.

LEARNING THE LANGUAGE: FINANCIAL JARGONS
  • Definitions and Terms (Depreciation, Profits, Income, Costs, Losses, Capital, Etc.)
  • Capital Vs. Revenue Expenditure
  • Identifying What Are Financial Statements And Their Purposes
ACCOUNTING CONVENTIONS, STANDARDS AND ACCOUNTING MANAGEMENT
  • Understanding “Matching” Concept And “Accrual” Concept
  • Other Financial Standards And Their Role In Financial Reports
  • Underlying Accounting Conventions Such As Going Concern, Conservatism, Reliability, Consistency, Materiality And Measurability
YOUR FINANCIAL STATEMENTS: AN INTRODUCTION
  • What Are Financial Statements And Who Uses Financial Statements?
  • Introduction To The Income Statement, Statement Of Financial Position And Cash Flow Statement
  • The Difference Between Financial Accounting And Management Accounting
CRITICAL COMPONENT 1: ANALYZING INCOME STATEMENT
  • Understanding The Income Statement In Detail To Evaluate Performance Issues
  • Income Recognition Conventions And Issues
  • How To Calculate Cost Of Goods Sold/Cost Of Sales?
  • Inventory Valuation Methods And Conventions
  • Depreciation Methods
  • Differentiating Between Fixed Cost And Variable Cost, CAPEX And OPEX
CRITICAL COMPONENT 2: UNDERSTANDING THE BALANCE SHEET
  • The Balance Sheet And Its Components
  • The Basic Balance Sheet Formula And Presentation
  • Understanding What Are Liabilities And Assets
  • Short Term Versus Long Term Assets Or Liabilities
  • Owner Equities’ Or Shareholders’ Funds And Its Components
CRITICAL COMPONENT 3: COSTING AND COSTS ANALYSIS CHARACTERISTICS OF FINANCIAL RATIOS
  • Product And Material Costing
  • Overheads, Operating Expenses And CAPEX
  • Departmental Fixed And Variable Costs – Understanding The Cost Structure
  • Break-Even Point (BEP) Analysis And Contribution Margin
CRITICAL COMPONENT 4: THE USE OF BUDGET CONTROLLING PERFORMANCE
  • The Budgeting Process
  • The Uses Of Budgets And Related Issues
  • Different Types Of Budgets
  • Budget Variance And Management Control
  • How To Prepare An Effective And Meaningful Budget
CRITICAL COMPONENT 5: ANALYSING OPERATING EFFICIENCIES USING FINANCIAL RATIOS
  • Characteristics Of Financial Ratios
  • Use Of Financial Ratios To Analyze Financial Statements
  • Issues Affecting Ratios Analysis And Its Short Comings
  • Understanding Efficiency And Profitability Ratios

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