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Finance for Non-Finance Managers

Overview

As manager, you wear many hats managing people and other resources. Because your company’s ultimate goal is return to stakeholders, you want to clearly know how you can show THE FINANCIAL RESULTS in the Financial Statements of the Company. Attend the effective Finance for Non Finance Manager Training Program today.
 
Because of that, you want to confident in your ability to read and interpret Financial Statements so that you to be an effective, efficient and valuable asset. 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 the course because in this workshop, 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.  

Learning Outcomes

By the end of the course, the delegates will be able to:
 

-INCREASE your financial literacy & 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 organisation.

-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

Who Must Attend

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 Manger'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

Course Details

Day 1:
 
Morning- 9.00am - 1.00pm
MODULE 1: SPEAKING ACCOUNTING
Understanding why accounting / finance is important?
• Know the objective of a business / Organisation
• 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
 
Afternoon session: 2:00pm - 5:00pm
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
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
 
• Other considerations
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
 
DAY 2 
 
Morning Session: 9:00am - 1:00pm
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
 
Afternoon session: 2:00pm - 5:00pm
MODULE 8: COSTING DECISION
Cost Behaviour
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.

Methodology

This Finance for Non Finance Manager's workshop’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, presentations & creative music

Course Leader

EITHER OF THESE COURSE LEADERS WILL CONDUCT THE WORKSHOP
 
Mr CW TAN
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 contact Mr Tan, please feel free to email us at info@itrainingexpert.com or call +603 8074 9056 | +6012 6869 628
 
or
 
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 info@iTrainingExpert.com.

Testimonies

Finance for Non Finance Managers workshop by iTrainingExpert.com Group Phot for 3-4 April 2014

SSM Finance Training Provider Malaysia ITrainingExpert.com“The trainer and his delivery was excellent. I’m much more confident now that I have a better understanding on what accounting is all about; especially pertaining to the costing aspect.” –  SSM.

 

Ansell Limited Training Provider in Malaysia iTrainingExpert.com“This course taught me the basic and most fundamental lessons on financial management and the co-related topics. I feel so much more confident now that I’ve been well-informed on the details of such an essential subject.”–  Regional Manager, Ansell Limited.

 

“I was uncertain of the financial process before attending this course. I’m happy I’ve gained a wealth of knowledge and understanding on the system of financial reporting during this course. The trainer had excellent knowledge in his field.”– Senior Manager

Sapura Industrial Berhad Training Provider iTrainingExpert.com“I had very little knowledge on how to read financial statement before attending this course and am happy to say that I now understand a lot more about finances after attending this course. I felt the trainer gave us a very clear explanation about accounting.” – Manita, Sapura Industrial Bhd.

 

“Before attending the course, I felt that I was not good at interpreting financial statements. I cam to the course and is aware about the importance of finance knowledge to manage a company. After attending ITrainingExpert's Finance For Non Finance course, I feel I have better understanding on how to read and interpret the financial statements. I personally like the practical training session and overall it is very good training.”– Account Officer – Leuven Capital Sdn Bhd

 
 “I feel excited to learn more on financial statement before attending the course. During the course, I learnt how to evaluate finance standing of any companies and definitely gained more knowledge on how to read and understand financial statements. Overall, it is very good and commendable workshop by Mr Yung of iTrainingExpert. Mr Yung is well-equipped with knowledge on Finance and Accounting. His clear, step-by-step explanations through story-telling and illustrative examples lit up the workshop very well. Thank you.”– Head of Business Development – Hamid Isa Transport Sdn Bhd
 
 
“It is a good training for people with limited financial knowledge. Through the course, I learnt about the various essential financial terms and practical ways of interpreting financial statements.”– Lim Chia Ni, Sales Manager – Acme Chemicals
 
 
“From this training, I learned about financial terms and definition used in income statements and balance sheets. After the course, I feel myself have better understanding on the importance of ratio analysis which is used to measure the financial performance of a company. Mr Yung is a very well experienced trainer on Finance and Accounting. He led the training smoothly and efficiently. I liked his explanations and illustrations.”– Carmela, IE Manager - AUO Sunpower
 

“This is a useful course where I learned what is NCL, CL, Equity, ROI, NPV, IRR, CA, NA and able to apply in my work” – Ahmad Firdaus, Engineer, Tenaga Nasional Berhad

 

“I only knew the most basic financial information before attending this course. I’m happy I got to learn the technical financial procedures during this course. After the course, I’m glad I learned that finance is the most important measure to determining a company’s status. I felt that the trainer was very good in his delivery.” – Mohd Nizam Bin Md Gunus, Manager, Setia Corporation Sdn. Bhd,


Iskandar Investment Training Provider Malaysia ITrainingExpert.com“This is a great course to learn how to read financial statements” –  Associate, Iskandar 

 

“I had very limited understanding about the subject before going for this course. The training taught me how to read financial statements and how to become more knowledgeable on finance as a whole. The trainer is very good. Mr. Tan explained in layman terms that made the subject easier to understand. I particularly liked our exercises.”– Nurliyana Ruzlen, Assistant Manager.

 

“I thought accounting was really too difficult a subject to understand. This training taught me the importance of interpreting a company’s financial statements to determine its health. After it was done, I really felt like I knew a lot more about the world of finance. The trainer is very knowledgeable.”– Choi Pek Koon, Assistant Manager, Administration.

 

“Before this course, I was lacking in any basic financial knowledge, but the training taught me how to analyze the financial health of a company from its performance, budgeting and investments. After it was done, I felt as though what I had learned would enhance my skills in decision-making and budget projection to determine the financial performance of my company. The trainer was very knowledgeable in his field and made everything simple to understand.”– Norhafiza bt Amran, Executive.

Investment

Normal fee
Sign up 1 pax
Pay before course starts
MYR 2,890.00
USD 800.00
Early Bird
Sign up 1 person
Pay 14 days before course starts
MYR 2,290.00
USD 640.00
Group Fee
Sign up 3 pax or more
Pay 14 days before course starts
MYR 2,190.00
USD 610.00

(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.

 

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