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
Who Must Attend
business owners & managers who want to learn to forecast cash flow and learn to read financial statements to help their businesses and departmental financial performance.
Module 1 : Financial Accounting
What is Accounting ?
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
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
Bachelor of Commerce degree (major in Accounting and Finance)
University of Western Australia
Danny has more than 20 years of corporate working experience in a diverse range of industries from manufacturing, logistics, consulting and trading. His last tenure with Quanterm Logistics is the Head of Finance and Accounts. With more than 20 years of combined professional accounting, auditing and taxation exposure, his expertise covers external audit, financial reporting, accounting, SST, corporate and personal tax compliance.
As an approved GST agent with Ministry of Finance in year 2014, he managed a GST consulting & training business and conducted more than 30 public GST seminars for several chamber of commerce and business associations, magazine publisher, accounting firms as well as providing in-house training workshop for GST-registered businesses.
The training clients that he has served included Klang Chinese Chamber of Commerce, Batu Pahat Chinese Chamber of Commerce, Taiping Chinese Chamber of Commerce, Skudai Chinese Chamber of Commerce, Kluang Chinese Chamber of Commerce, Westport Malaysia, Allied Foodservice Equipment Sdn Bhd, SMR HR Group Sdn Bhd, Nouvelle Hotel KL, KFM Holdings Sdn Bhd, Meca HR Group, Universal Media Publishers (M) Sdn Bhd, YME Engineering Sdn Bhd, Paramount Promenade Sdn Bhd, KSB Malaysia Pumps & Valves, Dynamic Venue Sdn Bhd and Goodman Classic (M) Sdn Bhd.
With his corporate working experiences as an accountant, he can share his accounting and finance knowledge and deliver in a practical, fun and interesting manner. He is now developing a programme using experiential learning method (games based) that allow the participants to have a hand-on experience/activity in learning accounting and finance.
To contact Danny Lim, please feel free to email us at email@example.com or call +603 8074 9056 | +6012 6869 628
“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.
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E-Certificate will issued upon completion of the course successfully.
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2. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.