Budgeting and Cash Flow Forecasting and Reporting
Details
Outline
Day 1
- Understanding what cash flow is (i.e. operating cash flow/investing cash flow/financing cash flow)
- Understanding Accounting Terms: Profit, Revenue, Expenses, Expenditures, Cash flows
- Difference between cash flow and profit/loss
- Why ‘Turnover’ is an illusion and ‘Cash’ is real
- How to read and interpret the Cash Flow Statement in corporate reporting
- Understand the ‘Cash Flow Cycle’
- Sources of Cash and Funding
- Understand ‘Treasury Management’
- Ideal strategy for cash flow for business i.e “accelerate the collection of remittances and improve control of disbursement” policy and how to achieve it
- Planning cash flow for seasonal business
- How to manage during periods of ‘negative cash flows’
- Other options for better cash flows
- What are budgets and the objective for Cash
- Understanding Capital vs Operating Expenditure
Day 2
- Preparing an Effective Cash Budget
- How to formulate assumptions and the basis for cash budgets
- Quick introductions financial statements (i.e: Profit /Loss statement and Balance Sheet.)
- Ratio analysis
- How to read and interpret the financial statement (What is the story behind the figures?)
- Learning and defining profitability, liquidity, working capital management and investment ratios
- Learning how each category of ratios is inter-related and interpretation of them and assessing the financial health of a company.
(i.e. Is this company worth the value is says? Is the company hiding the real financial situation? Is this company worth investing in? Is this company suffering from financial crisis and going doldrums?)
Speaker/s
Qualifications:
Chartered Accountant
Fellows Member of Chartered Management Accountant - FCMA (UK)
Chartered Accountant (Malaysia)- CA (M’sia)
Chartered Global Management Accountant (CGMA)
Competent Toastmaster (CTM)
Mr Tan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since December 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Tan is also a duly certified Competent Toastmaster of Toastmaster International.
Tan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies. He started his career in Finance as an Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM’s listing submission. In December 2005, Tan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager and retired in March 2012 to form WFP.
As the pioneer CIMA Global Membership Assessor from Malaysia, Tan is actively involved in giving talks and doing workshops for potential members who wanted to apply for CIMA membership locally as well as in Singapore and has conducted in house training as well as public training programmes on Finance both locally as well as in Cambodia. With the expansion of more overseasGlobal Membership Assessor, Tan is now a Mentor for two new Assessorsin Malaysia.
All in, Tan has more than twenty-three years of hands-on experience in different areas of management and functions in diverse industries such as in auditing, printing, construction, manufacturing, consultancy, engineering and trading. Other than the Finance, Accounting, Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include: general management, business development, business strategic planning, performance improvement, quality assurance, human resource management, information technology and management, budgeting and strategic cost management. Tan is also a certified trainer under PMSB, Malaysia. (Certificate No. TTT/6518).
To book Mr Tan for speaking, training or consultancy engagements, please contact us at [email protected] or +603 8074 9056.
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Mr. YUNG comes with 37 years of working experience in auditing, financial accounting, treasury functions, administration, general management , lecturing and corporate training. He started his career in a big four audit firm as an articled student and graduated as an accountant. Thereafter, he assumed positions of Accountant, Finance and Administration Manager, General Manager and Executive Director in various business sectors, including financial, retailing, distribution, healthcare and multi-level marketing.
He is a member of the Malaysian Institute of Certified Public Accountants and Malaysian Institute of Accountants and is also a Certified Professional Trainer accredited by the International Professional Managers Association, UK.
He specialises in training Financial and Accounting topics such as Finance for Non Finance Managers, Interpreting Financial Statements, Financial Ratio Analysis, Costing and Budgeting. He trains in both English and Mandarin.
The training the topics that he has conducted include
· Budgetary Control/ Budgeting For Effective Planning
· Finance for Non - Finance Personnel
· MiCPA Audit Guide for Practitioners
· Practical Auditing/ Basic auditing techniques
· Analytical Procedures
· Management planning and team dynamics programme
· Practical Accounting Skills/Preparing Full set of financial statements
· Risk and Control : two sides of a coin
· Effective Internal Controls – The Right Way to Manage Risks
· Planning an audit of financial statements
· Understanding the audit process
He is also a versatile, enthusiastic and lively trainer and has trained for various accounting associations, training and event organisers, multi-national and local companies. Mr Yung's unique training method of story-telling makes a dry and 'difficult to understand' subject into something that is easy to understand and easy to catch. At the end of every training, the delegates are always feel more confident, satisfied and happy that they understand figures and numbers easily.
Yung also sat on the board of a public listed company as independent non-executive director (A.C.E). Yung is also iTrainingExpert.com's associate trainer specialising in Finance and Accounting. For any consultancy, speaking or training engagements, feel free to contact him at [email protected].
Special Offer
Normal fee Sign up 1 pax: Pay before course starts MYR 2,890/ USD 800
Early Bird Sign up 1 person: Pay 14 days before course starts MYR 2,290/ USD 640
Group Fee Sign up 3 pax or more: Pay 14 days before course starts / MYR 2,190/ USD 610
(Fee inclusive of Buffet Lunch, Refreshment, Welcome Pack, Training Materials & Certificate of Achievement)
Certificate
Upon successful completion of this program, you will receive a Certificate of Achievement.
Certificates are distributed on the final day of the program.
Payment mode:
1. ONLINE PAYMENT by Credit card: You can opt to register and pay online with our latest payment integration system through our website.
2. BANK IN CHEQUE
Bank in and then scan the Bank-in slip and email to us before the course commence to confirm your seat.
Courier your cheque payment to our Finance HQ.
*Note that we DO NOT take any payments during the event.
3. BANK IN CASH: You can also pay by cash through bank-in our company bank account.
4. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.
ITRAININGEXPERT GLOBAL PLT is the corporate training arm of The English Expert Publishing and Training Group established since 1999 by consulting partners with extensive training experience from both the government and corporate sector covering Malaysia, Singapore, Australia, China, Vietnam and Indonesia.
All our trainers are experienced practitioners, professionally certified, dedicated and specialized in their respective fields. Our corporate philosophy is of Total Customers Satisfaction. We carry out our task with integrity and full commitment. We continue to keep abreast with industry developments through individual and ongoing continuing education, in-depth training and consulting that your organization demands and deserves.
For 18 years now and counting, we have trained more than 100,000 people to improving their work productivity, leadership & communication skills, language proficiency, sales, negotiation & presentation skills, workplace management and personal development.
What do we SPECIALISE in?
Put it in an easy way, we specialize in Training and Human Development training and consultancy services covering both soft skills and technical skills, a wide range of courses pertinent to the human capital development of high performing organization. ...
