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Finance For Non Finance Managers

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Good news, you have been promoted to manager. Are you ready to move higher up the corporate ladder? Do you know that your contribution to the bottom line of your organisation decide whether you could move higher? Do you know how to read the Financial Statements, deciding your pricing of your products and using Budget as your planning and control tools? Get all these questions solved by attending the Finance for Non Finance Managers training.

In this "Finance for Non Finance Managers" workshop, participants will learn to understand how to read Financial Statements and utilize some Management Accounting Tools to increase their knowledge and skills. This highly hands-on and practical mock business will help participants to manage their day to day operations, planning and decision making process.

LEARNING OUTCOMES

By the end of the "Finance for Non Finance Manager" training, participants will be able to:

Improve their accounting and financial literacy & vocabulary
Understand the basics concept of accounting and and how business transactions are captured
Expose to budgeting process and using budget as a planning and control tool
Managing cost better and decide on pricing decision especially during resources constraint situation
Detect early warning signs of possible projects or business failure
Grasp useful Financial & Management Accounting Tools and techniques required for effective decision making.

WHO SHOULD ATTEND

All savvy managers and executives in functions like :

Sales & Marketing
Technical and Engineering
Human Resources
Production & Engineering
R & D
Purchasing & Procurement
Warehouse and Logistics
General Managers
Directors
Anyone who is determined to be successful in his / her career

METHODOLODY

This "Finance for Non Finance Manager" training's methodology is a combination of expert input, interactive practical exercises, games, group discussions, exercise worksheets, presentations and video

Outline

DAY 1

MODULE 1 : SPEAKING ACCOUNTING

Understanding what is accounting and why accounting
Know the objective of a business / Organisation
The purpose of Financial Reports

MODULE 2 : TYPES OF ACCOUNTS

What are the Fundamental Accounting Concept and assumptions used in preparing Accounting Records and why these are being used?
Differentiate between Assets, Liabilities, Expenses, Income and Equity
Understanding the Accounting Equation of Assets = Liabilities + Equity
Differentiate between OPEX and CAPEX

MODULE 3 : READING FINANCIALS

Introduction to the various Financial Statements and their uses
Tools use in Financial Statement Analysis
- Vertical Analysis
- Horizontal Analysis (Trend Analysis)
- Ratios Analysis – operational ratios, financial ratios and valuation ratios
Statement of cash flows
- The difference between Profit and Cash and why the saying “Cash is King”
- How to analyse the statement of cash flows
Different between Publish Accounts and Management Accounts
Causes, Trigger and Early Warning of Financial Distress
What are the Limitations of Ratio Analysis

DAY 2

MODULE 4 : COSTING DECISION

What is Cost?
Cost Behaviour
How to differentiate between direct and indirect cost?
Differentiate the controllable and uncontrollable cost
Cost – Volume – Profit Analysis
- Learning the Contribution formula and thus working with the Break–even Point analysis
- How to decide on the Pricing?

MODULE 5 : BUILDING BUDGET

Types of budgets
Differentiate the various types of budgets – Incremental, Zero-based and Rolling

MODULE 6 : COMPARING BUDGET APPROACHES

When and which is better - Top-down or Bottom-up approach?

MODULE 7 : BUDGETING AS A PLANNING AND CONTROL TOOL

Using the budget to control the business and what are the limitation factors.
Understanding the Budgeting process and its coordination
How to forecasting sales revenues and expenses and building up the budgets numbers
When to adjust the budget to reality

MODULE 8 : INVESTMENT APPRAISALUnderstand the basic investment appraisals - Payback Period, Return On Investment (ROI), Net Present Value (NPV) and Internal Rate of Return (IRR) for better decisions making

Speaker/s

Mr. Tan Chee Wan

PSMB Train-The-Trainer certificate no: TTT/6518

Qualifications:

Fellows Member of Chartered Management Accountant - FCMA (UK)

Chartered Accountant (Malaysia) - CA (M’sia)

Chartered Global Management Accountant - CGMA

Competent Toastmaster - CTM

Tan Chee Wan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Chee Wan is also a duly certified Competent Toastmaster of Toastmaster International.

Chee Wan 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, Chee Wan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager / Director and retired in March 2012 to form Wanfah Prosper Training & Consultancy.

As the pioneer CIMA Global Membership Assessor from Malaysia, Chee Wan 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 oversea Global Membership Assessors, Chee Wan has been mentoring two new Assessors in Malaysia.

After started his own business, Chee Wan has keep up todate of the current technology. Among some of his achievement are created his own business websites, developed mobile apps and ventured into E-commerce.

All in, Chee Wan has more than twenty-five 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.

Chee Wan has attended the Train The Trainer Training conducted by PMSB and is a certified trainer under PMSB (Certificate No. TTT/6518). Chee Wan is also a Certified GST Consultant / Trainer having attended the Royal Malaysia Custom GST training and passed its examination.

Special Offer

View our video at https://youtu.be/PiGWI-xAqkA

Contact our office to find out any promotion / offers / request for a quotation on In House training

Telephone : +603 5523 1819

Mobile : +6016 263 4929

Fax : +603 5523 2827

Email : [email protected]

https://wanfahprosper.com/finance-for-non-finance-managers/

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Wanfah Prosper PLT is a Professional Training Provider registered with Pembangunan Sumber Manusia Berhad (PMSB).

Our Mission is to Help Organization In Developing Human Capital and Grow Their Bottom Line.

We have a pool of very experienced trainers with decades of experience in their respective fields of interest. It is the aspiration of Wanfah Prosper PLT that such experiences will be passed on to the participants in the course of the training programmes to be conducted by Wanfah Prosper PLT.

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