Finance for Non-Finance Managers/Executives

Introdutcion

Business managers at all levels of the organisation must have an understanding of finance if they are to add value to their organizations. 

A major expectation of good managers is to ensure that they add value to their organizations. Managers at all levels require financial knowledge to communicate with financial specialists and understand the financial impacts of their operational decisions. In today’s business world, non-finance managers are also called upon to make quick and accurate decisions about financial issues within their own areas. 

It is also important that managers need to operate more strategically, managing the growth and risk in their organizations and therefore must have the necessary financial skills and knowledge to add value to their businesses in the short and long term. Being able to read and comprehend financial and management accounting statements and reports prepared by finance professionals is imperative in asking the challenging questions in respect of strategic decisions that they are required to make. 

Following recent high profile corporate collapses, senior managers and non-executive directors are now also responsible for the financial performance of their organisations as well as the accurate presentation of such information to their stakeholders. This serious responsibility is an added incentive for non-finance managers to enhance their knowledge and understanding of finance. 

This Finance for Non-Finance Managers training course is designed to provide delegates a comprehensive understanding of financial management principles including the accounting, management accounting and performance management aspects of the discipline of finance.

Program Agenda: 

The workshop essentially comprises four main segments:

• Introduction to Finance
• Financial Analysis and Investment Decisions
• Cash Flow Management
• Management Accounting and Performance Management 

The course will also include practical applications of financial management principles in each of the above sections. 

DAY 1 – 

 A.M.:Introduction to Finance 

Session 1.     Introduction to accounting within the organisation

• The basic principles of accounting
• How operational activities are reflected in the accounts
• Accounting information flow
• Accrual and cash accounting principles
• Understanding accounting jargon 

Session 2.     Understanding financial statements and interpreting results

• The Statement of Financial Position
• The Statement of Comprehensive Income
• The Statement of Cash Flows and Statement of Changes in Equity
• The linkage between the financial statements
• The management perspective of financial statements 

P.M.:   Financial Analysis and Capital Investment decisions 

Session 3.     Ratios – the tools for measuring financial health

• Liquidity ratios
• Operating ratios
• Financing ratios
• Profitability ratios
• Return on investment models 

Session 4.     Capital investment decisions

• Financial management principles supporting investment decisions
• Capital investment evaluation techniques
• Identifying and developing project cash flows
• Cost benefit analysis &prioritising capital decisions 

DAY 2 – 

 A.M.  Cash Flow Management 

Session 5.     Managing cash flow – an organization-wide responsibility

• Introduction to cash flow management
• Understanding the cash flow cycle
• Managing and controlling cash flow across the organisation
• Managing risk in respect of cash 

Session 6.     Working capital – management’s challenge

• Understanding what is working capital
• Identifying the components that comprise working capital
• Effectively managing working capital in the organisation 

P.M.   Management Accounting and Performance Management 

Session 7.     The basic principles of management accounting

• Management accounting as an aid to management
• The analysis of costs and cost structures
• Using costs for decision making
• Management reporting for business control 

Session 8.     Strategic management accounting – managing performance

• Planning and budgetary control
• Budgeting and forecasting techniques
• Strategic management accounting tools and techniques
• Non-financial measures and links to financial indicators
• Corporate performance management.

GEETHA RUBASUNDRAM

Geetha Rubasundram is an Associate Member of the Chartered Institute of Management Accountants with a MSC in Auditing, Management Accounting & Information Systems from France.

She has over thirteen year of experience and has worked with international entities in Europe, Middle East and Asia in the financial and management accounting scope, as well as Human Resource, covering industries such as Information Technology, Construction, Manufacturing, Hospitality, Real Estate, Community Management, Facilities Management, Utility Management etc. This experience has provided her with valuable insights to recommend best practises to companies with international dealings with her understanding of their operations and practises. She has also implemented cost saving processes for manufacturing companies, understanding the various engineering and production processes that was required in the process, including recommending and implementing Enterprise Resource Planning (ERP). 

In line with the Malaysian Government’s focus on the Year of Creativity & Innovation, she has also provided training for Government bodies (MOSTI, MDEC, MOE, YIM) to enhance the participant’s creativity and innovation, including transforming creativity into innovation, motivation, and other soft skills. She also works closely with Non Profit Organisations to provide training. Her focus is in Sri Lanka, focusing on training those displaced by the internal war in areas such as Finance, Entrepreneurial, Information Technology, Language, and Soft Skills such as leadership, motivation, team building, career building, confidence building and personality building.

Apart from that, she has also carried out training in Returns on Investment for Human Resource Management, Finance & Accounting, Fraud Risk Management, Internal Controls Management as well as Management Accounting for her clients in various industries. The programs carried out have been tailor made to suit the requirements of the clients and involves activities and case studies where possible, to ensure maximum interaction with the participants.

• 5% EARLY BIRD DISCOUNT BY: 15 DAYS BEFORE THE COURSE COMMENCES 

• 5% GROUP DISCOUNT OF 5 PAX OR MORE