Physical classes are available.

Increasingly, all executives, especially those moving into managerial level need to understand and apply financial know-how in their daily work and know how the business’s operation activities are being captured in the financial reports and what can they do to help improve the business performance.

Gaining financial acumen as part of the management skills is very important for anyone wishing to progress up the career path in any organisation, regardless of their current role and responsibilities.

This 1 day practical course is designed to provide an introduction to accounting and the basic financial knowledge and skills to help you be a step ahead when it comes to taking on more responsibilities in the future, including financial management for your department.

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

• You will understand the objective and purpose of accounting
• You will be familiar with financial statements and their key components and able to read and interpret the financial data to make informed business decisions and to report business performance
• You learn to apply financial analysis to assess profitability, financial risks and credit worthiness of a business

Total: 7 hours
Day 1 - 4 hours (9: 00am - 1:00pm)
Day 2 - 3 hours (9:00am - 12:00pm)

MODULE 1 : ACCOUNTING 101 MADE SIMPLE
• Business Ecosystem - basis of how financial statements are prepared
• Accounting Concepts and Principles
• Easy way to understand Accounting Equation/ Double Entry System/ Accounting Cycle
• Difference between the Finance and Accounting department
• Form of Businesses
• Activity-Group discussion on what accounting seems scary

MODULE 2 : BALANCE SHEET
• How to read a balance sheet ?
• Understand key concepts of Assets, Liabilities, Equity
• Current vs non-current distinction
• Tangible vs intangible distinction

MODULE 3: PROFIT & LOSS
• How to read Profit & Loss Statement?
• Use Profit and Loss Statement to evaluate performance
• Concept of margins and profit analysis
• Relationship between P&L statement to balance sheet

MODULE 4: CASHFLOW STATEMENT
• Lifeblood of business – Cash Flow Statement
• Relationship between cash flow statement and balance sheet
• 3 streams of cash flow, Operating, Investing &Financing
• Why profit is different from cash

MODULE 5: WHAT TO DO DURING BUSINESS CRISIS LIKE Covid-19 PANDEMIC?
• How to check financial health from cash flow pattern?
• Cash flow tips and tricks using cash calculator

MODULE 6: FINANCIAL RATIO ANALYSIS 
• 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

MODULE 7: TEST YOUR SKILLS NOW
• Post-course test to check if you’ve understood all concepts
• Financial activity session
• Action plan – discuss how your new skills help you at work

Online Instructor Led Virtual Training

“Before attending the Interpreting Financial Statement online course, I was eager and excited. In the webinar, I learned about how to read financial statements properly. It was a fulfilling experience. Danny, the speaker has a substantial knowledge and is clear in his explanations.” Muhammad Rafiuddin, Business Building Manager, Malaysia Debt Ventures Berhad.

“I wasn’t too confident in reading financial information. I attended this online Interpreting Financial Statement course by iTrainingExpert and learned about the financial terms and important checks that I need to analyse on the forth coming applications for loans. After completing the 2 days interactive webinar, I feel that I am more confident to comment on the financial statements of the applicants and is more precise in my work. I still need to practice along the way to continuously sharpen my skills. The trainer, Danny answered all the questions I asked and made the course so much more interactive.” Muhammad Azry, Business Building Manager, Malaysia Debt Ventures Berhad.

“I came for the course because I need to refresh and learn new financial knowledge. In the program, I learned how to do periodic and consistent financial analysis. The trainer was professional and clear in his explainations, Thanks Danny.” Azmal Mukhsin, Malaysia Debt Ventures Berhad.

“I was very much looking forward to come for the Interpreting Financial Statement course. I picked up the basics of financial statements, Balance Sheet, Profit &Loss and Cashflow Statements as well as the various important ratios. I also learned to analyse the financial statements. I am now clearer and understand financial statements better. Danny, the trainer’s presentation was clear.” Audi Amalina Sinaga, Business Building Manager, Malaysia Debt Ventures Berhad.

“It was quite a struggle to read the financial statements prior to the course. I learned so much on accounting terminologies and what they mean, reading and understanding cashflow statement. I do need to interpret financial statements at work especially our understanding NPL customers’ settlement proposals. I would need to determine if their proposal its genuine or otherwise. After a 2 days online course, I felt calmed, relax and very happy with myself because I was able to calculate and answer to Mr Danny's Lim’s; the trainer’s case study exercises. He helped a lot when he shared how to use the accounting ‘formulas'. Danny gave very loud and clear explanation throughout the training. Good job Danny!!!.” Jamilah Arifin, Malaysia Debt Ventures Berhad.