Physical classes are available.
It is no longer an option for managers not to have a basic working knowledge of finance in their job. Managers wear many hats and shoulder many responsibilities, but arguably the most vital of them all is the one that involves paying attention to the organization's financial vital signs.
Knowing how to accurately interpret financial statements, create more comprehensive Cost/Benefit projections and understanding what key financial data captures from your company's overall productivity is an essential skill set for all EXECUTIVE and MANAGEMENT personnel.
The more financial acumen a manager gains, the more valuable an asset they become to their organization and to the wider market.
Whether you're a start-up trying to accomodate negative cashflow until you break even, or a well-established company where you need to provide KPI assessments based on financial data to ensure shareholder confidence, FINANCIAL KNOWLEDGE is a key advantage in managing business growth and expansion.
This 2-day workshop provides participants with in-depth training on financial techniques and terminology using very hands-on, practical activities and discussions. Whether you're a Line Manager or an Executive Project Manager, these tools will be priceless in your decision-making process.
- INCREASE their financial literacy and vocabulary.
- OBTAIN a competitive edge by understanding the basic principles of accounting and finance.
- EXERCISE budgetary planning and variance analysis.
- MANAGE costs more efficiently overall. For projects, departments, and divisions, to the overall organization.
- ACQUIRE the skills to detect early warning signs of possible financial risk.
- INCORPORATE Financial Tools and Techniques required for effective decision making.
Who Must Attend
All savvy managers and executives in functions like :
Sales & Marketing
Production & Engineering
Human Resources & Finance and Accounting
Purchasing & Procurement
R&D / Production Development
Anyone who is determined to be successful in his / her career
Day 1: 9:00am - 5:00pm
Morning- 9.00am - 1.00pm
MODULE 1: SPEAKING ACCOUNTING
Understanding why accounting / finance is important?
Know the objective of a business / Organisation
A brief history of Accounting and the purpose of Financial Reports
MODULE 2: ACCOUNTING FRAMEWORK
Understand the difference between Conceptual Framework and Regulatory Framework
What are the Fundamental Accounting concepts and assumption used in preparing Accounting Records and why these are being used
MODULE 3: TYPES OF ACCOUNTS
Understand the differences Assets, Liabilities, Expenses, Income, and Equity
Understanding the Accounting Equation
Assets = Liabilities + Equity
Differentiate between OPEX and CAPEX
Afternoon session: 2:00pm - 5:00pm
MODULE 4: READING FINANCIALS
Introduction to the various Financial Statements and their uses
Statement of profit or loss and other comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Tools use in Financial Statement Analysis
Horizontal Analysis (Trend Analysis)
Ratios Analysis – operational ratios, financial ratios and valuation ratios
Statement of cash flows
The difference between Profit and Cash and why the saying “Cash is King”
How to analyse the statement of cash flows
How to read Notes to the accounts in Published Financial Statement
Different between Publish Accounts and Management Accounts
What are the Limitations of Ratio Analysis
Morning Session: 9:00am - 1:00pm
MODULE 5: BUILDING BUDGET
Types of budgets
Differentiate the various types of budgets – Incremental, Zero-based, and Rolling
MODULE 6: COMPARING BUDGET APPROACHES
When and which is better - The top-down or Bottom-up approach?
MODULE 7: BUDGETING AS A PLANNING AND CONTROL TOOL
Using the budget to control the business and what are the limiting factors.
Understanding the Budgeting process and its coordination
How to forecast sales revenues and expenses and build up the budgets numbers
When to adjust the budget to reality
Afternoon session: 2:00pm - 5:00pm
MODULE 8: COSTING DECISION
How is Cost being defined?
How to differentiate between the direct and indirect costs?
Differentiate the controllable and uncontrollable cost
Cost – Volume – Profit Analysis
Learning the Contribution formula and thus working with the Break –even point analysis
How to decide on the Pricing?
MODULE 9: INVESTMENT APPRAISAL
Understand the basic investment appraisals such as Payback analysis,
Return On Investment (ROI) and Net Present Value (NPV) to better make sound decisions.
This Finance for Non Finance Manager's workshop’s methodology is a combination of expert input, interactive practical exercises, self-assessment, lots of hands-on role-play, group discussions, exercise worksheets, practical projects, presentations & creative music
Mr CW TAN
Fellows Member of Chartered Management Accountant - FCMA (UK)
Chartered Accountant (Malaysia)- CA (M’sia)
Chartered Global Management Accountant (CGMA)
Competent Toastmaster (CTM)
Mr Tan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since December 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Tan is also a duly certified Competent Toastmaster of Toastmaster International.
Tan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies. He started his career in Finance as an Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM’s listing submission. In December 2005, Tan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager and retired in March 2012 to form WFP.
As the pioneer CIMA Global Membership Assessor from Malaysia, Tan is actively involved in giving talks and doing workshops for potential members who wanted to apply for CIMA membership locally as well as in Singapore and has conducted in house training as well as public training programmes on Finance both locally as well as in Cambodia. With the expansion of more overseasGlobal Membership Assessor, Tan is now a Mentor for two new Assessorsin Malaysia.
All in, Tan has more than twenty-three years of hands-on experience in different areas of management and functions in diverse industries such as in auditing, printing, construction, manufacturing, consultancy, engineering and trading. Other than the Finance, Accounting, Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include: general management, business development, business strategic planning, performance improvement, quality assurance, human resource management, information technology and management, budgeting and strategic cost management. Tan is also a certified trainer under PMSB, Malaysia. (Certificate No. TTT/6518).
To contact Mr Tan, please feel free to email us at email@example.com or call +603 8074 9056 | +6012 6869 628
En Suhaini (SK)
MBA from Asia E University Malaysia
Bachelor Degree in Accounting, University Technology MARA
SK is a certified corporate trainer and business consultant specializing in design thinking and leadership development. He speaks passionately on people development, leadership behavioral change and innovation skills development for leaders and managers, particularly with a finance focus.
SK is currently a Senior Consultant at DT Leadership focusing on innovation development apart from being a trainer on finance-related programs. He has 24 years of corporate working experience in a diverse range of industries. He has held several key senior management level positions including Chief Financial Officer of ACASIA Communications Sdn Bhd, and Fiberail Sdn Bhd, a subsidiary company of Telekom Malaysia.
He carries with him over 2 decades of experience as a business controller with extensive exposure in financial management, corporate finance, and planning. He was also involved in several corporate exercises including merger and acquisition, due diligence reviews and restructuring of companies.
His highest achievements include helping to grow a medium-sized organization from RM50 million to RM250 million turnover over a period of 10 years by building on innovative business focused on continuous improvement and also through merger and acquisition exercises.
He has trained hundreds of representatives from large and medium-sized organizations that include the recent ones:
• Bank Muamalat Malaysia Berhad
• DRB-Hicom Group
• Tenaga Nasional Berhad
Among his participants, SK is known for his practical and applicable job-related content that is delivered in an interactive and engaging manner. He exerts considerable influence on design thinking focusing on finance and innovation skills with his pleasant persona during training to ensure an accelerated learning experience. When he is not training, SK consults on business on leadership development, business innovation, and corporate services. SK is a registered trainer with PSMB/HRDC.
Other professional trainers
To contact us any speaking, training and consultancy engagements, :
please contact us at +603 8074 9056 | Mobile +6012 6869 628 | +6018 2735 123 or email: info@iTrainingExpert.com
“The trainer and his delivery were excellent. I’m much more confident now that I have a better understanding of what accounting is all about; especially pertaining to the costing aspect.” – SSM.
“This course taught me the basic and most fundamental lessons on financial management and the co-related topics. I feel so much more confident now that I’ve been well-informed on the details of such an essential subject.”– Regional Manager, Ansell Limited.
“I was uncertain of the financial process before attending this course. I’m happy I’ve gained a wealth of knowledge and understanding of the system of financial reporting during this course. The trainer had excellent knowledge in his field.”– Senior Manager
“I had very little knowledge on how to read financial statement before attending this course and am happy to say that I now understand a lot more about finances after attending this course. I felt the trainer gave us a very clear explanation about accounting.” – Manita, Sapura Industrial Bhd.
“Before attending the course, I felt that I was not good at interpreting financial statements. I came to the course and am aware of the importance of financial knowledge to manage a company. After attending ITrainingExpert's Finance For Non-Finance course, I feel I have a better understanding of how to read and interpret financial statements. I personally like the practical training session and overall it is very good training.”– Account Officer – Leuven Capital Sdn Bhd
“I feel excited to learn more about financial statements before attending the course. During the course, I learned how to evaluate the financial standing of any company and definitely gained more knowledge on how to read and understand financial statements. Overall, it is a very good and commendable workshop by iTrainingExpert. The finance trainer is well-equipped with knowledge of Finance and Accounting. His clear, step-by-step explanations through story-telling and illustrative examples lit up the workshop very well. Thank you.”– Head of Business Development – Hamid Isa Transport Sdn Bhd
“It is good training for people with limited financial knowledge. Through the course, I learnt about the various essential financial terms and practical ways of interpreting financial statements.”– Lim Chia Ni, Sales Manager – Acme Chemicals
“From this training, I learned about financial terms and definitions used in income statements and balance sheets. After the course, I feel I have a better understanding of the importance of ratio analysis which is used to measure the financial performance of a company. The trainer is a very well-experienced trainer in Finance and Accounting. He led the training smoothly and efficiently. I liked his explanations and illustrations.”– Carmela, IE Manager - AUO Sunpower
“This is a useful course where I learned what is NCL, CL, Equity, ROI, NPV, IRR, CA, NA and able to apply in my work” – Ahmad Firdaus, Engineer, Tenaga Nasional Berhad
“I only knew the most basic financial information before attending this course. I’m happy I got to learn the technical financial procedures during this course. After the course, I’m glad I learned that finance is the most important measure to determine a company’s status. I felt that the trainer was very good in his delivery.” – Mohd Nizam Bin Md Gunus, Manager, Setia Corporation Sdn. Bhd,
“I had a very limited understanding of the subject before going for this course. The training taught me how to read financial statements and how to become more knowledgeable about finance as a whole. The trainer is very good. He explained in layman's terms that made the subject easier to understand. I particularly liked our exercises.”– Nurliyana Ruzlen, Assistant Manager.
“I thought accounting was really too difficult a subject to understand. This training taught me the importance of interpreting a company’s financial statements to determine its health. After it was done, I really felt like I knew a lot more about the world of finance. The trainer is very knowledgeable.”– Choi Pek Koon, Assistant Manager, Administration.
“Before this course, I lacked financial knowledge, but the training taught me how to analyze the financial health of a company from its performance, budgeting, and investments. After it was done, I felt I learned would enhance my skills in decision-making and budget projection to determine the financial performance of my company. The trainer was very knowledgeable in his field and made everything simple to understand.”– Norhafiza bt Amran, Executive.
|Sign up 1 pax|
|Pay 1 day(s) before course starts|
|Sign up 1 pax|
|Pay 14 day(s) before course starts|
|Sign up 3 pax or more|
|Pay 14 day(s) before course starts|
*This course fee is applicable for online training
1. ONLINE PAYMENT by Credit card: You can opt to register and pay online with our latest payment integration system through our website.
2. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.