Introduction:

In today’s diverse and ever changing business environment, it is crucial for all non-finance managers, executives & officers to develop and sharpen their financial skills.

These skills will enable them to understand and analyse financial statements, contribute effectively in pricing, planning and control decisions and make positive contributions towards effective project selection.

Acquisition of these skills would also enable these personnel to appreciate how their function fits into the overall objectives of the organisation, thus enabling them to better contribute to the organisation’s goal.

Objectives:

By the end of this workshop, participants should be able to:-

• The nature and purpose of Accounting & Finance 
• The ways economic events are measured, recorded & reported. 
• The uses and limitations of accounting information 
• The various financing choices available to a company 
• Skills in analysing financial statements with a view to improve the organisation’s performance. 
• Skills in determining and analysing cost for pricing and other short term decisions. 
• Skills in analyzing and selecting appropriate investment projects 
• The usefulness and limitations of financial information in decision making.

Program Content:

INTRODUCTION TO FINANCE 
• Four main areas of Finance

INTRODUCTION TO ACCOUNTING 
• What is Accounting? 
• Accounting Process 
• Role in today’s business 
• The Accounting Equation 
• Transaction Analysis 
• Exercise

FINANCIAL STATEMENTS 
• Cash Flow verses Profit 
• Adjustments including Accruals, Prepayments and Depreciation 
• Company Statements 
• Sources of Finance 
• Exercise

FINANCIAL STATEMENT ANALYSIS 
• Trend Analysis 
• Common-Size Analysis 
• Ratio Analysis Profitability, Efficiency, Liquidity, Gearing & Investment Ratios

CASE STUDY 
• Analysing A public listed company’s financial statements

MANAGEMENT ACCOUNTING/COSTING 
• What is Management Accounting? 
• Classification of Costs 
• Costing Systems & Techniques

FULL COSTING 
• Allocation & Apportionment of Overheads 
• Service Department Costs 
• Determining Selling Price 
• Exercise

MARGINAL COSTING & DECISION MAKING 
• Profit Statement 
• Decision Making 
• Break-even Analysis 
• Exercise

CAPITAL INVESTMENT 
• Forecasting Relevant Project Cash Flows |
• Project evaluation Techniques – Payback, NPV, IRR 
• Accepting or Rejecting Projects

Methodology:

• Interactive Lectures • Discussions • Practical Exercises & Case Study

Who Must Attend:

Non-Financial Managers & Executives, working in functional areas other than Accounting & Finance.

Investment Fees:

RM1,588.00 per participant (Standard Fee)
RM1,388.00 per participant (Early Bird Fee, register by 09 December 2013)

Group incentive: Register 3 participants from the same organization, the 4^th participant is FREE. (Buy 3 Get 1 Free)