INTRODUCTION
In this fast challenging business world where the emphasis
is on corporate governance and profitability, financial awareness for
Managers* is not an option, it has becomes a necessity.
This course has been specially designed for managers* who do not have a
full financial training and strong finance background and having some
basic accounting knowledge will be an advantage, and whose managerial
responsibilities include the following:
- Managing their
contribution and performance towards the company business goals,
plans and profitability.
- Managing and/or running
more effectively the business and/or department operations.
- Planning and decisions
making with financial tools.
- Accountability for the
profitability of the business, sales plan and growth, market share,
department expenditure and goals.
- Managing and/or
understanding how credit limit and credit control affect the
"working capital" of the company
- Using finance tool for
Project planning
- Controlling Budgeting and
forecasting
- Negotiating with
Suppliers, Banks and Customers
OBJECTIVES
KEY BENEFITS OF ATTENDING
1 .Understanding the language and "jargon" of finance and to
work effectively with the Chief Financial Officer/Financial Controller
and their finance team
2. Able to accomplish the important business tasks as follows:
- Read Annual Reports
- Understand Financial
Statements- Balance Sheets, Profit and Loss, and Cash Flow
- Measure the liquidity of
a business
- Differentiate between
regular income and extraordinary items
- Why companies goes
bankrupt
- Do a break-even analysis
- Figure out return on
investment
- Compute the cost of
capital
- Put together a Business
Plan
- Decide whether your
business should be a sole proprietorship, partnership or a private
limited company
- Manage Foreign currency
exposure
- Value a business
- Understand Financial
Reports versus Management Reports
- Understand Exception
Reports
- Prepare a budget
- Understand Budget and
Forecasts
- Managing Internal
Controls
3.Understand the
types of costing manufacturing costing,
- process costing
- direct and indirect
costing
- activity costing
- cost allocation
4. Understand the
financial side of investment appraisal, return on investment,
requirements of a profit center and/or a cost center
5. Understand how
financing both internal and external
6. Understand
capital expenditure, capex planning and capex management
7. Understand
financial implications of the
i) Business
transactions
ii) Orders and
Sales
iii) Transfer of
Titles
iv) INCOTERMS
COURSE OUTLINE
ITINERARY OF THE 2 DAY PROGRAMMES
Day 1
Morning Session (9.00am-12.30pm)
Coffee Break (10.30-10.45am)
1. What is Practical Business Finance Skills all about?
2. The Manager's role in regards to Finance-
- Decision Making
- Operational profits and
costs management
- Meeting the Budgets
- Operating expense budgets
- Cost control
3. How to measure
department performance with the company goals and performance
4. What are GAAP
and Financial Reporting Standards
5. Business
Planning and Resource Utilization
·
Business Planning and Budgeting process
·
Departmental Planning Model
·
How to calculate the Financial Ratios
6. Business financial statements
·
How to read and analyze the Balance Sheet, Profit and Loss,
Cash Flow
·
How to read and understand financial ratios
·
How to compute the value of the company and business
Lunch Break (12.30-1.30pm)
Tea Break (3.00-3.15pm)
Afternoon Session (1.30-5.00pm)
7. Business Financial Performance Analysis
- How to evaluate the
business performance?
- How over-trading affects
the business performance?
- Exercises and case
studies
8. Business Cash
Flow Management
·
Understanding the meaning of Cash Flow and its source and
application.
·
How to prepare periodic operational cash flow
·
Understanding on sources of capital
9. Case studies
from participants
- Opportunities for
participants to present their own case studies and learn how to
manage their problem solving skills.
Day 2
Morning Session (9.00am-12.30pm)
Coffee Break (10.30-10.45am)
1. Business Finance and Credit Control
·
Financing and working capital
·
Effective Debt Collection methods
·
Importance of working capital
2. Business break-even analysis
·
Managing profitability with break-even analysis
·
Cost Volume for decision making
Lunch Break (12.30-1.30pm)
Tea Break (3.00-3.15pm)
Afternoon Session (1.30-5.00pm)
3. Business
Investment Appraisal
·
Returns on Capital Investments
·
Investment Appraisal methods
i) IRR
ii) Payback Period
iii) NPV
4. Business Budgetary
Planning and Control
·
Budget Preparation
·
What are non-recurring and extra ordinary expenses?
·
Budget, Flexi budget or Forecast, Variances analysis
5. Effective Internal Controls and Sarbanes Oxley Act
- What are Internal
Controls and how to have a good internal control policy
- What is Sarbanes Oxley Act
and how it will contribute to your business
6. CASE STUDIES and PRACTICE
Throughout the course, participants will be given exercises and case
studies to sharpen and improve their financial and communications skills.
Participants are required to bring along their calculators for the
exercises
TARGET AUDIENCE
WHO SHOULD ATTEND
Entrepreneurs, Business Professionals, Non-Financial Professionals, Heads
of Department, Managers, Sales and Marketing personnel, Executives and
those who are interested in developing practical business financial
management skills. This course is meant for those who already have some
basic level of accounting knowledge.
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