OVERVIEW
The Finance for Non-finance course will provide a comprehensive introduction to the role of finance in supporting and informing business decisions throughout the business. This course is designed for participants who have access, use, and rely upon financeinformation, but do not have finance training or background.
REQUIREMENT • You will need Microsoft Excel in your device. Example: laptop or computer
At the end of the training, participants would be able to:
- To provide a clear insight into the fundamentals of accounting.
- To understand how to interpret financial reports such as Profit and Loss, Balance Sheets, Cash-flow statements and more.
- To understand how to evaluate key financial reports and use the information to make confident business decisions.
- To understand financial and non-financial KPIs and how they are relevant to your business.
- Typically spans 2 days (9am to 5pm).
- Nonetheless, we can customize both the program’s duration and schedule to cater to unique client requirements (e.g., compact 1-day workshops or extended sessions beyond 3 days).
- Assistant Manager
- Manager
- Head Of Department (Management Level)
- Employee with working role that requires to work closely with budget
- Human Resource Personal Manager
- Logistic and Warehouse Mananger
PROGRAM OUTLINE
- Matching Principle
- Materiality Principle
- Revenue Recognition Principle
- Full Disclosure Principle
- Going Concern Principle
Introduction To 3 Types Of Financial Statements
- Income Statement/Statement of Profit & Loss
- Balance Sheet/Statement of Financial Position
- Cashflow Statement
Purposes and Components of Financial Statements
- Income Statement/Statement of Profit & Loss
- Revenue/Sales
- Cost of Sales
- Gross Profit
- Other Income
- Expenses
- Profit before tax
- Tax Expenses
- Profit for the year
- Balance Sheet/Statement of Financial Position
- Current Assets
- Non-current Assets
- Current Liabilities
- Non-current Liabilities
- Equity
- Cashflow Statement
- Cashflow from operating activities
- Cashflow from investing activities
- Cashflow from financing activities
Financial
- Financial performance measure
- Prior year(s)
- Other companies operating in the same industry
- Industry averages
- Benchmarks
- Budgets or forecasts
- Ratios
- Earnings per share
Non – Financial
- Staff
- Customer
- Productivity
- Environmental
- Social
- What is a Budget?
- The Benefits & Limitations of Budgets
- Budgeting and the Management Process
- Preparing Departmental Budgets from Forecasts
- Building the Master Budget
- The advantages of budgeting
- Characteristics of an effective budget
- Problems in budgeting
- Quarterly Reviews
- Forward Planning
- Budget/ Actual Comparison
- Approaches to budgeting: o Incremental budgeting
- Zero based budgeting
- Flexible budgeting
- Kaizen budgeting and continuous improvement
- Activity based budgeting
Using a Budget as a Management Tool
- Budget Cost, Volume, Profit (CVP) and Break-Even Analysis
- Managing Fixed and Variable Costs
- Sensitivity & What-If Analysis
- Budgetary Control
- Variance Analysis
Capital Budgeting (CAPEX)
- Methods of Evaluating Capital Investment Projects
- Comparing Different Projects and Their Returns
- Managing Financial Risk
- Return on Investment
- Payback Period
- Net Present Value
- Internal Rate of Return
- Weighted Average Cost Of Capital (WACC)
PROGRAM METHODOLOGY
- Hands-on Activities: Practical exercises to reinforce theoretical concepts.
- Group Discussions: Opportunities for peer-to-peer learning and exchange of ideas.
- Role Plays: Simulations of realistic situations to build practical skills.
- Feedback Sessions: Reviews and reflections to encourage improvement.
- Problem-solving Exercises: Develop critical thinking and decision-making skills.
- Experiential Learning: Learning by doing, promoting active involvement.
- Interactive Lectures: Engaging presentations by experts in the field.
- Case Studies: Real-world scenarios for learners to apply their knowledge.
- Quizzes & Tests: Regular assessments to track learning progress.
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