Finance for Non-Finance Managers & Executives

Finance for Non-Finance Managers Training Course Financial Management Training
By TED Integrated
Course Title:
Finance for Non-Finance Managers & Executives
Training Category:
Business Management
Target Audience:
Managers and Execuitves
Duration:
2 Days

Course Introduction ›

This 2-day financial management training for non-finance managers and executives is for people who want to gain ability to understand the financial aspect of the organization and seek solutions to contribute better to the financial performance of the organization in their departmental perspective. They will learn how to interpret various types of financial report in order to relate certain items to their departmental activities so that appropriate corrective actions and improvements can be taken.

To request for in-house training, click on the Request for In-house Training link as displayed above for quotation. For a complete course cotent and more information about this course, feel free to contact the training provider as shown above. If the public program is available, you can request for a registration online by clicking on the Register for Public Training link. If the link is disabled, it simply means it has yet to be available for public. You can contact the training provider for further inquiry.

Course Objectives ›

  • Insight into the key financial statements - the Income Statement, the Balance Sheet and the Cash Flow Statement to enable good communication with the finance department and contribute effectively at management meetings.
  • Solid appreciation of the terminologies used by finance directors or accountants allowing Company Directors to contribute more effectively to board room discussions hence adding value to managing and leading a business effectively.
  • Demystify the myth that 'financial concepts" are complex.
  • Learn finance from a "business perspective".
  • Understand how the numbers are generated, how they can be manipulated.
  • Evaluation and assessment methods of financial statements using effective 'basic analysis' and accepted financial ratios.
  • International Financial Reporting Standards (IFRS) in the context of the Malaysian Accounting Standards Board.
  • Great appreciation for working capital management and operating working capital and why it is important in critical times of uncertainty.
  • Differences between Statutory Financial Statements and Management Accounts and their essential uses.
  • The Key Financial KPIs.
  • Knowledge of types of costs, profit and breakeven as financial tools.
  • Get an insight into costs concepts and marginal costing for effective decision making.
  • Understand the importance of budgets and forecasts and it's drivers and controllers.
  • Overview of capital expenditure.
  • Learn the importance of Capital Expenditure (CAPEX) decisions and how they are determined in organizations.

Course Outline ›

DAY 1

1. Why finance in the context of business overviews and stakeholder expectations?

  • The Business flow and why finance and its role is critical for effective Managerial performance
  • The role expectations of managers in the context of investments and results

2. Introduction to Concepts, Conventions & Regulations

  • An insight into financial standards and the responsibility of directors, managers and auditors
  • The International Financial Reporting Standards (IFRS) and its implications to responsibility and accountability of directing a company
  • The concept "financial engineering" and why it happens?

3. Introduction to business start-ups and assets and liabilities

  • Case study and group discussion on the principle of Assets Owned and Owed and active and non-active accounts

4. Understanding Financial Statements

  • Exploring and understanding key concepts in the Income statements, Balance Sheet and Cash flow statements
  • In the Income Statement the differences between gross profit, operating profits and net profits and how they are derived
  • In the Balance Sheet the differences between non-current assets, current assets, equity, current liabilities and long term liabilities
  • In the cash Flow Statement the differences between Operating Cash Flow, Investing cash flow and Financing Cash Flow
  • Areas where Company Directors must focus more than others in these financial statements

5. Analyzing and Interpreting Financial Statements using basic Analysis including Trends and Ratios. Understanding the Strengths and Weaknesses of Accounting Measures of Performance

  • The need to review Financial Statements
  • The power of basic analysis in the context of benchmarks as business drivers
  • Review and evaluation using :
    • Performance ratios
    • Liquidity ratios
    • Leverage ratios
    • Stock market ratios
  • Limitations of ratios
DAY 2

6. Recap learning of Day 1

  • Video on Finance for Non Finance Managers

7. Critical aspects of Working Capital Management

  • What is Working Capital management cum Operating Working Capital (OWC)?
  • Why is OWC important?
  • How is working capital managed and controlled for effective results/
  • Cash forecasting - the need and implications of poor cash forecasting

8. Differences between Statutory Financial Statements and Management Accounts

  • Key Differences and Uses
  • Using Financial KPIs and Motivating the Organization

9. Management Accounting and the importance of Cost Profit and Breakeven?

  • Why is management accounting different from financial accounting?
  • The difference between marginal costing and absorption costing?
  • Why is cost, breakeven and profit important for decision making?

10. Budgeting and Forecasting

  • Why budgeting and forecasting is important?
  • The budget flow, drivers and controllers
  • Budget systems, limitations and culture
  • Key determinants of forecasts

11. Capital Budgeting and Investments Appraisals

  • The time value of money and forward investments
  • Payback periods
  • Discounted Cash Flows, Net Present Value (NPV), Internal Rate of Return (IRR)
  • Hurdle rate determination

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