CASH is the lifeblood of your business. Without it, your business will be game over. In fact, running out of cash is the no. 1 reason for most business failure, especially for SMEs. Despite this, many business owners often do not spend much time to understand the in and out of cash.  However, during economic crisis period, managing your financial cash flow health become important and critical because it determines your company’s survival.

So, to help you to tighten up your cash management in these unpredictable times, we will guide you with a smart yet easy to learn cash flow forecasting template to evaluate your cash position over the next six (6) months based on different scenarios of your forecasted sales revenue.

Next, you will learn the key steps to do strategic cost reduction, where and how to cut costs carefully and effectively and ultimately to improve your business profitability and be ready for further business growth.

Gaining the relevant financial and cash management knowledge as part of the management skills will help you to be a step ahead when it comes to taking on more responsibilities and progress up the career path in any organisation.

By the end of the webinar, the delegates will be able to:

• understand the purpose and concept of financial accounting
• 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
• understand importance of working capital and application of ratio analysis on key working capital elements
• do cash flow forecasting to manage cash flow (lifeblood of business)
• implement a strategic cost reduction methodology

Module 1 : Financial Accounting
What is Accounting ?
Accounting Equation
Double Entry System
Type of financial Statements

Module 2 : Balance Sheet
How to read a Balance Sheet ?
Understand key concepts of assets and liabilities
Tangible vs non-tangible assets
Current vs non-current assets
Main elements of working capital
Working capital cycle
Account receivable
Account payable
Key ratio analysis on working capital

Module 3 : Profit & Loss Statement
How to read Profit & Loss Statement ?
Understand key items of Profit & Loss Statement
Recognition of revenue
Impact of sales discount
Non cash items
Preparation of Profit & Loss Statement - activity

Module 4 : Cash Flow Statement
Understand key activities of Cash Flow Statement
Cash flow from operations - direct and indirect method
Cash flow from investing
Cash flow from financing
Impact of changes in Balance Sheet items to Cash Flow Statement
Why profit is different from cash ?
Cash Flow Statement – practice
Relationship between Cash Flow Statement, Profit & Loss and Balance Sheet
Working capital management

Module 5 : Cash Flow Forecasting
Why company show profit but still short of cash ?
Why cash flow forecasting ?
How to do cash flow forecasting using smart excel template ?

Module 6 : Strategic Cost Reduction to Improve Business Profitability
Setting cost reduction target
Identifying your key strength
Application of budgeting process
Identifying profit margin – product, customer and business units
Business process improvement
Identify cost reduction opportunity for key business costs

Module 7: Test Your Skills Now
Post-course test to check if you’ve understood all concepts
Action plan – discuss how your new skills help you at work

WEBINAR - VIRTUAL LEARNING

Day 1: 9:00am - 12:30pm
Day 2: 9: 00am - 12:30pm

“Before attending the course, I didn't have a proper method to keep track of cashflow. In the course, I picked up on cash in , cash out ratio, and inventory ratio. After attending the course online, I am able to generate a monthly report with ratios to monitor my company's cashflow. Danny, the trainer was very detailed and gave clear explanation.” Natasha Mah, Business Development Manager, Wide Tropism.

“I gained deeper understanding on cashflow forecast and planning. The trainer was very good and detailed.” Yeoh SB, Finance Manager, Maccaferri (M) Sdn Bhd.