How To Read Financial Statements

Accounting is often known as the “language of business” and accounting literacy is the key to developing business acumen. It is imperative for all managers and business owners to understand key financial principles and apply them in the real-world context.

Understanding accounting is an essential building block for a solid understanding of business. Therefore, it is a precursor to mastering the numbers game in business. This skill will enable all managerial-level employees of each department to make better and more informed business decisions.

The ability to use numbers to the best advantage for business and the ability to tell a business story from the Financial Statements are essentially required by non-finance professionals to manage their respective areas to become effective, all-rounded, and professional managers.   

This 1-day program Accounting Made Easy helps you learn by using real-life case studies in layman’s terms to help you grasp the fundamental principles and concepts of Accounting & Finance. You will learn to interpret and communicate financial situations and events from the Financial Statements and make better business decisions. Take away this core competency for developing the necessary business acumen within you.  

On successful completion of this How to Interpret Financial Statement workshop, the participants are expected to be able to:

• Define what is accounting and understand financial language
• Determine the financial impacts of typical business transactions
• Review and interpret any financial statements
• Tell a business story from the Financial Statements
• Use the “numbers” to their best advantage to come up with more informed decisions
• Apply financial information to better manage the business and make effective financial decisions

If you’re in a role and are in some ways involved in Financial Decisions – You must attend this two-day Finance for Non Finance Manager's hands on program.

All savvy managers and executives in functions like:
-Sales & Marketing
-Production & Engineering
-Human Resources & Finance and Accounting
-Purchasing & Procurement
-R&D / Production Development
-Anyone who is determined to be successful in his / her career

Module 1: Introduction to Accounting
Getting started on the right footing
Understanding Accounting and Finance
What are the 3 “L”s of Accounting?
The 5 Elements of Accounts
Getting the right perspective

Module 2: Understanding A Balance Sheet
Starting from the Assets as the Base
Sources of funds from Liabilities
Sources of funds from Equity
Deducing the Accounting Equation
Duality Concept of Accounting

Module 3: Understanding A Profit and Loss Account
Revenue / Income as the source of funds
Expenses as the uses of funds
Profit is generated by equity
Accrual Concept of Accounting
The value cycle of a business

Module 4: Accounting Typical Business Transactions
Recording typical business transactions
Understanding the logic of accounting
Interpreting the Income Statement
Interpreting the Balance Sheet
Telling the business story through Financial Statements

Module 5: Understanding A Cash Flow Statement  
Preparation and interpretation of Cash Flow Statement
The importance of Cash Flow Management
Effective Cash Management

Module 6: Financial and Ratio Analysis
Introduction to financial analysis
Trend line and Industry benchmark
5 categories of financial ratios: Activity, Profitability, Efficiency, Liquidity, and Solvency

Interactive Lectures, Accelerated Learning, Business Driven Action Learning, Case Studies and Discussions

Suhaini Kasmuri (SK) is a certified corporate trainer and business consultant who specializes in design thinking and leadership development. He speaks passionately on people development, leadership behavioral change, and innovation skills development for leaders and managers, particularly with a finance focus.

SK is currently a Senior Consultant at DT Leadership focusing on innovation development apart from being a freelance trainer on mainly finance-related programs. He has 24 years of corporate working experience in a diverse range of industries. He has held several key senior management level positions including Chief Financial Officer of ACASIA Communications Sdn Bhd, and Fiberail Sdn Bhd, a subsidiary company of Telekom Malaysia.

He carries over 2 decades of experience as a business controller with extensive exposure in financial management, corporate finance, and planning. He was also involved in several corporate exercises including merger and acquisition, due diligence reviews, and restructuring of companies.

His highest achievements include helping to grow a medium-sized organization from RM50 million to RM250 million turnover over a period of 10 years by building on innovative
business focused on continuous improvement and also through merger and acquisition exercises.

He has trained hundreds of representatives from large and medium-sized organizations that include:

• DHL
• Bank Muamalat Malaysia Berhad
• DRB-Hicom Group
• Tenaga Nasional Berhad
• Korporasi Polis DiRaja Malaysia
• EPIC Oilfield Services Sdn Bhd

Among his participants, SK is known for his practical and applicable job-related content delivered in an interactive and engaging manner. He exerts considerable influence on design thinking focusing on finance and innovation skills with his pleasant persona during training to ensure an accelerated learning experience. When he is not training, SK consults on business leadership development, business innovation, and corporate services.