Company Cash Flow & Cost Saving Workshop by Danny Lim Tou Kenn
Date: 14 & 15 September 2020 (Monday & Tuesday)
Time: 9:00am to 5:00pm
Venue: Hotel Istana City Centre Kuala Lumpur
Introduction:
CASH is the lifeblood of your business. Without it, your business will be game over. In fact, running out of cash is the no. 1 reason for most business failure, especially for SMEs. Despite this, many business owners often do not spend much time to understand the in and out of cash.  However, during economic crisis period, managing your financial cash flow health become important and critical because it determines your company’s survival. 

So, to help you to tighten up your cash management in these unpredictable times, we will guide you with a powerful yet easy to learn cash flow forecasting template to evaluate your cash position over the next six (6) months based on different scenarios of your forecasted sales revenue.

Next, you will learn the key steps to do strategic cost reduction, how to cut costs carefully and effectively and ultimately to improve your business profitability and be ready for further business growth.

Gaining the relevant financial and cash management knowledge as part of the management skills will help you to be a step ahead when it comes to taking on more responsibilities and progress up the career path in any organisation.


Objectives:
- You will understand the purpose and concept of financial accounting
- You will be familiar with financial statements and their key components and able to read and interpret the financial data to make informed business decisions and to report business performance
- You will understand importance of working capital and application of ratio analysis on key working capital elements
- You will learn to do cash flow forecasting to manage cash flow (lifeblood of business)
- You will learn to implement a strategic cost reduction methodology

Program Content:
Module 1 : Financial Accounting 
- What is Accounting ?
- Accounting Equation 
- Double Entry System
- Type of financial Statements
 
Module 2 : Balance Sheet
- How to read a Balance Sheet ?
- Understand key concepts of assets and liabilities
- Tangible vs non-tangible assets
- Current vs non-current assets
- Main elements of working capital
- Working capital cycle
- Account receivable
- Account payable
- Key ratio analysis on working capital

Module 3 : Profit & Loss Statement
- How to read Profit & Loss Statement ?
- Understand key items of Profit & Loss Statement
- Recognition of revenue
- Impact of sales discount
- Non cash items
- Preparation of Profit & Loss Statement - activity

Module 4 : Cash Flow Statement
- Understand key of Cash Flow Statement
- Cash flow from operations - direct and indirect method
- Cash flow from investing
- Cash flow from financing
- Impact of changes in Balance Sheet items to Cash Flow Statement 
- Why profit is different from cash ?
- Cash Flow Statement – practice
- Relationship between Cash Flow Statement, Profit & Loss and Balance Sheet
- Working capital management

Module 5 : Cash Flow Forecasting

- Why company show profit but still short of cash ?
- Why cash flow forecasting ?
- How to do cash flow forecasting using smart excel template ?

Module 6 : Strategic Cost Reduction to Improve Business Profitability
- Setting cost reduction target
- Identifying your key strength
- Application of budgeting process
- Identifying profit margin – product, customer and business units
- Business process improvement
- Identify cost reduction opportunity for key business costs

Module 7: Test Your Skills Now 
- Post-course test to check if you’ve understood all concepts
- Action plan – discuss how your new skills help you at work


Methodology:
- Interactive lectures with power point presentations
- Self-assessment (Pre and Post Course)
- Group discussions
- Use of practical exercises
Who Must Attend:
- Business owners
- Head of department (non finance)
- Managers and executive
Investment Fees:
RM1,908.00 (Including 6.00% Service Tax) per participant (Standard Fee)
RM1,590.00 (Including 6.00% Service Tax) per participant (Early Bird Fee, register by 07 September 2020)

Group incentive: Register 3 participants from the same organization, the 4th participant is FREE. (Buy 3 Get 1 Free)
Registration:
There are 3 methods to register for this training:
  1. Kindly click here for online registration. Register Now.
  2. Kindly download this registration form, and fill up all the particulars. Please fax back to +6-03-6270-9993. Click here to download Registration Form (177KB).
  3. Call us to register. Tel: +6-03-6270-9883.
Notes:
This Training Programme is SBL Claimable *Subject to PSMB conditions.

Pembangunan Sumber Manusia Berhad (PSMB)We Are An Approved Training Provider Under SBL Scheme With Pembangunan Sumber Manusia Berhad (PSMB/HRDF)