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.
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
There are 3 methods to register for this training:
- Kindly click here for online registration. Register Now.
- 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).
- Call us to register. Tel: +6-03-6270-9883.
Notes:This Training Programme is SBL Claimable *Subject to PSMB conditions.
We Are An Approved Training Provider Under SBL Scheme With Pembangunan Sumber Manusia Berhad (PSMB/HRDF)