Business Accounting and Finance for Non-Financial Managers

INTRODUCTION

Accounting & Finance has always been recognized as a very key function in any organization and to all stakeholders. Information reports generated from these records can help managers to make a more informed and effective decisions to increase their organizational performance, minimize corporate failure and better understanding of the various accounting & financial jargons and terms.

COURSE OBJECTIVES

1. To enable the non-financial personnel to:
2. Achieve an understanding of the importance of various key components of Accounting in Business.
3. Able to comprehend Financial Statements
4. Co-relate them to the health of the organization
5. Have better appreciation of the daily financial language.

TARGET AUDIENCE

All non-financial entrepreneurs and managers.

LEARNING OUTCOMES

1. Understand and appreciate the importance and how each and every business activities impact on the economic value of the organization
2. Able to use financial information to make a more inform decision
3. Interact more effectively with financial personnel and achieve better inter-department understanding
4. Interpret and relate the company’s financial state to its performance
5. Understand the different types of Accounting and Costing methods.
6. Manage the organization’s account and finance more effectively.

COURSE OUTLINE

1. Introduction
a. Overview of Systems Thinking
b. The role and need of accounting in business
c. Understand the different category of accountings
d. The economic value of activities of an organization
       
2. Financial Accounting Function
a. Processing of transactions (day to day business activities) and books of accounts
b. Effect on the company’s value of each transaction
c. Expenses classifications and cost centres
d. Notional Expense treatment
e. Understand and comprehend the different components in:

• Manufacturing Account
• Trading and Profit and Loss Account
• Balance Sheet
• Cash Flow Statement
• Change in Equity Statement

3. Management Accounting Function
a. Difference with Financial Accounting, purpose and uses
b. Types and methods of costing, variance analysis, breakeven point calculations
c. Capital Investment Evaluation
d. Interpret and understand the financial statement using trend and ratios, and its indication on the health of the organization.
e. Monthly Management Accounting & Reporting format and content, comparison and interpretation.

4. Accountings Role in Management Context
a. Strategic Planning, Annual Budget, Quarterly Review
b. Risk, Control and Support Management to the operation.

5. Company / Share Valuation and Goodwill Creation
a. NTA basis
b. PE Ratio and earning multiples
c. Super profit and Goodwill calculation
d. Cash flow basis.

6. Understanding Finance and the word “Cash is King”
a. Understand the relation between cash and profit, prepayments, accruals, provisions, goodwill, etc.
b. Equity, short and long term financing and capital market instrument
c. Financiers and Gearings
d. Working Capital Management (operating cycle) and its impact on financing
e. Self financing such as retained earnings, dividend payments, provisions, etc.

TRAINER

Tan Kok Tee, is  a Fellow member of the Association of International Accountants, UK (one of the 5 professional accountancy bodies in UK and EEC qualified to be external auditors for PLCs). He also holds an MBA – Finance, from the Charles Sturt University, (CSU) Australia.

His other professional memberships included being a member of the Malaysian Association of Company Secretaries, a body prescribed under the Malaysian Company’s Act to practice as Company Secretary.

Kok Tee has a total of more than 35 years of working experience, of which 25 years were at senior management level, in commercial enterprises of different sizes and industries such as manufacturing, marketing and distribution, construction and quarrying, and services industries.   During the course of his work, he has acquired invaluable experience and knowledge in the area of Accounts & Finance, Risk and Control, Business Administration, Management Principle and Practice, Business Process Management and improvement, Annual Strategic Planning and Management, Working Capital Management,  Debt Collection Technique, Stock Management, Cost Saving Programs and Customers Service Management.

The sharing of his more than 25 years of knowledge, skill and real life practical experience gained at senior management level through his workshops, In-House Training/Facilitating and Consulting will benefit many managers in the above mentioned areas. 

Kok Tee is also a member of the Malaysian Association of Professional Speakers, a qualified HRDF (Ministry of Human Resource, Malaysia) trainer (certificate ref: TTT 1983), an In-House trainer/facilitator for 3½ years and an ad hoc lecturer/facilitator for IGS/CSU MBA-Finance program for 10 months and also lecturer for GSU for Managerial Accounting, Business Management and Strategic Management.

DURATION: 2  DAYS

COURSE FEE: S$630.00 ( inclusive of lunch & teabreaks)

EARLY BIRD RATE: S$570 (register at least  7 days  before class date)

For in-house or any enquiries, please call +(65)  65422041 / 96930601 or email info@ovation-marketing.com 

 REGISTRATION METHOD : via Online Form below or   <CLICK HERE> to download registration form via email. 

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