Finance for Non-Finance Managers

Overview

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.

Learning Outcomes

By the end of the Finance for Non Finance Managers course, the delegates will be able to:

- INCREASE their financial literacy and vocabulary.

- OBTAIN a competitive edge by understanding the basics principles of accounting and finance.

- EXERCISE budgetary planning and variance analysis.

- MANAGE costs more efficiently overall. For projects, departments, divisions, to the overall organisation.

- ACQUIRE the skills to detect early warning signs of possible financial risk.

- INCORPORATE Financial Tools and Techniques required into 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

Course Details

Day 1:

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 different between Conceptual Framework and Regulatory Framework
What are the Fundamental Accounting Concept and assumption used in preparing Accounting Records and why these are being used

MODULE 3: TYPES OF ACCOUNTS

Differentiate between 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

Vertical 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

Other considerations

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

DAY 2

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 - 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 limitation factors.
Understanding the Budgeting process and its coordination
How to forecasting sales revenues and expenses and building up the budgets numbers
When to adjust the budget to reality

Afternoon session: 2:00pm - 5:00pm

MODULE 8: COSTING DECISION

Cost Behaviour

How is Cost being define?

How to differentiate between the direct and indirect cost?

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.

Methodology

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

Course Leader

Mr CW TAN

Qualifications:
Chartered Accountant
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 info@itrainingexpert.com or call +603 8074 9056 | +6012 6869 628

We have a faculty of specialist and can cater to your organisation's different levels and specific needs.

For training and advisory services, feel free to contact us at info@itrainingexpert.com or call us at +603 8082 3707 | +603 8074 9056 | +6012 6869 628 | +6018 2175 123

Testimonies

“The trainer and his delivery was excellent. I’m much more confident now that I have a better understanding on 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 on 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 is aware about the importance of finance knowledge to manage a company. After attending ITrainingExpert's Finance For Non Finance course, I feel I have better understanding on how to read and interpret the 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 on financial statement before attending the course. During the course, I learnt how to evaluate finance standing of any companies and definitely gained more knowledge on how to read and understand financial statements. Overall, it is very good and commendable workshop by iTrainingExpert. The finance trainer is well-equipped with knowledge on 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 a 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 definition used in income statements and balance sheets. After the course, I feel myself have better understanding on the importance of ratio analysis which is used to measure the financial performance of a company. The trainer is a very well experienced trainer on 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 determining 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 very limited understanding about the subject before going for this course. The training taught me how to read financial statements and how to become more knowledgeable on finance as a whole. The trainer is very good. He explained in layman 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 in 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.

Investment

Normal Fee

Pay 1 day(s) before course starts

MYR 2,790.00

USD 760.00

Early Bird

Pay 14 day(s) before course starts

MYR 2,090.00

USD 610.00

Group Fee

Pay 14 day(s) before course starts

MYR 1,990.00

USD 640.00

Upon successful completion of this program, you will receive Certificate of Achievement.

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.