As a manager, you wear many hats managing
people and other resources. Because your company’s goal is to make huge
returns to stakeholders, you want to clearly know how you can show THE
FINANCIAL RESULTS in the financial statements of the company. Because of
that, you want to be confident in your ability to read and interpret
Financial Statements so that you can be an effective, efficient and
The good news is you can now learn to use
these tools to increase your knowledge and skills. You do not have to
be a financial expert before attending the course because in this
training, you will learn the financial tools and language in a highly
hands-on and practical way. Whether you are managing day to day
operations or planning for growth or new product lines, these tools will
be invaluable to the decision-making process. Attend the effective
Accounting and Finance for Non-Finance Managers program today.
By the end of the course, the delegates will be able to:
INCREASE your financial literacy and financial vocabulary for business and work
OBTAIN a competitive edge by understanding the basics principles of accounting and fundamentals of finance and accounting
EXPOSE yourself to budgetary planning and variance analysis so that you think like an accountant too
MANAGE cost and increase efficiency of your projects/ departments/ divisions / company or organization.
ACQUIRE the skills to detect early warning signs of possible projects or business failure so that you can make wiser decisions
GRASP and UNDERSTAND useful Financial Tools and techniques required for effective decision making.
STRESS on the importance of business units in achieving corporate business objective
Module 1: Speaking Accounting
Understanding why accounting / finance is important?
Know the objective of a business / Organization
A brief history of Accounting and the purpose of Financial Reports
Module 2: Accounting Framework
Understand the different between Conceptual Framework and Regulatory Framework
What are the Fundamental Accounting Concept and assumption used in preparing Accounting Records and why these are being used?
Module 3: Types Of Accounts
Differentiate between Assets, Liabilities, Expenses, Income and Equity
Understanding the Accounting Equation
Assets = Liabilities + Equity
Differentiate between OPEX and CAPEX
Module 4: Reading Financials
Introduction to the various Financial Statements and their uses
Statement of profit or loss and other comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Tools use in Financial Statement 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
How to read Notes to the accounts in Published Financial Statement
Different between Publish Accounts and Management Accounts
What are the Limitations of Ratio Analysis?
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 forecast sales revenues and expenses and building up the budget’s numbers
When to adjust the budget to reality
Module 8: Costing Decision
How is Cost being define?
How to differentiate between the 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 9: Investment Appraisal
Understand the basic investment
appraisals such as Payback analysis, Return on Investment (ROI) and Net
Present Value (NPV) to better make sound decisions.
Who Should Attend?
If you’re in a role and are in some ways
involved in Financial Decisions – You Should Attend This Finance for
Non-Finance Manger\'s hands on program.
All savvy managers and executives in functions like:
Sales and Marketing
Production and Engineering
Human Resources and Finance and Accounting
Purchasing and Procurement
R and D / Production Development
Anyone who is determined to be successful in his / her career
This Finance for Non-Finance Manager\'s
training’s methodology is a combination of expert input, interactive
practical exercises, self-assessment, lots of hands-on role-play, group
discussions, exercise worksheets, practical projects and presentations.
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