Finance for Non-Finance Managers

Course details

Day 1:
 
Morning- -
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. Updated on 11 May, 2020