Increasingly, all executives, especially those moving into managerial level need to understand and apply financial know-how in their daily work and know how the business’s operation activities are being captured in the financial reports and what can they do to help improve the business performance.
Gaining financial acumen as part of the management skills is very important for anyone wishing to progress up the career path in any organisation, regardless of their current role and responsibilities.
This 2-day practical workshop is designed to provide an introduction to accounting and the basic financial knowledge and skills to help you be a step ahead when it comes to taking on more responsibilities in the future, including financial management for your department.
Course Overview
• Establish Expectations
• Learning Outcome
Module 1 : Introduction to Accounting
• What is Accounting ?
• Why Accounting is Important ?
• Business Ecosystem
• Accounting Concepts and Principles
• Accounting Equation
• Double Entry System
• Accounting Cycle
• Finance Department
• Form of Business
Module 2 : Business Functions
• Sales
• Marketing
• Manufacturing
• Human Resource
• IT, Maintenance
• Research and Development
• Finance
Module 3 : Understanding Key Financial Statements
• Balance Sheet / Statement of Financial Position
• Income Statement / Statement of Comprehensive Income
• Cash Flow Statement / Statement of Cash Flows
• Hidden Costs
Module 4 : Break-even Analysis
• Variable Costs
• Fixed Costs
• Direct Costs
• Indirect Costs
• Break-even point
Module 5 : Managing Working Capital with Credit Control
• Main Elements of Working Capital
• Working Capital Cycle
• Control of Cash Flow
• Improving Cash Flow
• Proactive Credit Management
• Customer Management
• Credit Control Policy
• Cash Flow Planning and Projection
Module 6 : Financing
• Purpose of Financing
• Types of Financing
• Debts vs Equity
• Categories of Financing
• Financing from Bank
• Documentation Required
• Cost of Financing
Module 7 : Basics of Budgeting
• Why Budgeting?
• Budget – Definition
• Budgeting Objectives
• Key Components of Budgeting
• Example of Expenses to Budget
• Budgeting Types
• Sample Budgeted Income Statement
• Budgeting Methods
• Budgeting Principles
• Budgeting Benefits
• Budgeting Success Factors
Module 8 : Budgeting Process
• Budgeting Process
• Budgeting – Steps
• Budgeting – Collect Data
• Traditional Budgeting
• Traditional Budgeting Challenges
• Make Budgeting Process Easier
Module 9 : Getting Your Budget Approved
• Budget Hierarchy With their Roles
• Annual Budget Approval Process
• Budget Approval - Common Issues
Module 10 : Budgeting Tips and Tricks
• Ways to Improve Budgeting
• Technology & Budgeting
• BI Dashboards
• Traditional Budgeting Pitfalls
• Alternative method of Budgeting
• Summary of Main Difference
Module 11 : Monitoring and Managing Budgets
• Budget, Actual, Variance
• Forecasting
• Budget vs Forecast
• Budget vs Actual Report vs Forecast
• Sample Reports
Module 12 : Financial Analysis
• Types of Variances
• Vertical/Trend Analysis
• Benchmarking
• Financial Ratios - Introduction
• Liquidity Ratios
• Solvency Ratios
• Profitability Ratios
• Activity Ratios
• Financial Ratios - Charts
• Financial Ratios – Benefits
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)