Finance for non-finance managers at SMEs
This programme provides solutions to all non-financial managers and executives who see the limitation in discharging their duties due to the lack of accounting and financial knowledge.
Non-financial keypersonnel who have little or no knowledge in accounting and finance should be trained in essential financial techniques to enable them to make use of financial information more effectively in their day-to-day business activities.
This programme is tailored made for the non-financial managers and executives at all levels. It is also equally useful to entrepreneurs of all industries. It is designed specifically in order to give a practical hands-on exposure.
Programme overview
In today’s business environment, accounting and finance functions are more than dealing with recording transactions and financing. Accounting and finance have become strategic functions and critical success factors of many companies. Therefore, knowledge and essential skills in accounting and finance are no longer the concern of financemanagers and CFOs only. In fact, it is essential for all non-financial managers and executives to be able to deal with accounting and finance decisions in their respective companies.
This programme is designed to impart essential financial knowledge and skills for making business decisions. Upon completion of this programme, you will be able to:
- Understand accounting and finance terms and concepts
- Read and interpret financial reports and statements with accuracy
- Evaluate the impact of accounting policies on financial performance
- Manage financial resources effectively
- Carry out long-term financial planning
- Evaluate working capital management
- Evaluate various financial instruments
- Analyse cost base for cost control
- Build budgets and review budgets, and link it to performance evaluation
- Evaluate the links between financial and non-financial key performance indicators (KPI)
- Communicate effectively with financial managers and personnel
Teaching and learning methodology
The programme is highly interactive where you learn through experiential activities. It engages you in a comprehensive, integrated curriculum conducive to extensive interaction via a workshop approach, using multiple methodologies as follows (but not limited to)
- PowerPoint presentations
- Discussions using real-life examples
- Case studies of public listed companies
- Group discussions
Programme outline
Day One
- Introduction
Programme briefing, objectives and outline
Financial accounting and reporting
Financial resources management
Financial planning, control and decision making
Financial reporting framework
- Understand financial reporting and financial statements
Statement of financial position (balance sheet) and net assets
Statement of comprehensive income (income statement) and EPS
Statement of changes in equity
Statement of cash flows and CFO
Significant accounting policies
Auditor’s report
Other decision useful information in financial reporting
- Assessing financial performance and position
Evaluating financial performance
Evaluating financial position
Evaluating cash flow position
Techniques for financial statements analysis
- Corporate financing
Equity financing
Debt financing
Convertibles and warrants
Key take away points
Day Two
- Capital expenditure and budgeting
Investment and business expansions
Capital budgeting
Cash flow projection
- Capital budgeting techniques: NPV, IRR, payback and etc
Considering the uncertainties
- Working capital management
Cash flow management
Receivable management
Inventory management
- Financial planning and budgeting
Corporate planning and strategies
Budgeting for control and implementing strategies
Budgeting and responsibility
Accurate forecasts and effective budgeting
Budgetary control
Budgeting and performance measurement
Key take away points
Reflection on programme objectives and outline
Programme fee
Early bird price: RM2,500/person + GST of 6%
Normal price: RM2,600/person + GST of 6%
Group of three and above: RM2,200/person + GST of 6% (for more than three delegates attending from the same company/institution)
The programme fee covers tuition, case materials and tea breaks.
About the programme leader
Dr Lau Chee Kwong, BBA, MBA, PhD (Accounting), FCCA, FCPA, CA (M), has twenty years of practical experience in financial accounting and reporting, corporate finance, banking management, financial management, investments, academic administration, lecturing,corporate training and consultation work.He conducts training, lectures, and seminars for his corporate training clients including public listed companies, banks and financial institutions, regulators and Government bodies.
Dr Lau currently serves as an Associate Professor of Accounting with the Nottingham University Business School, Malaysia lecturing for Bachelor's Degree programmes, MBA, Master of Finance, ACCA and CFA. His research papers have been published in journals and presented at national as well as international conferences. He served as a member of the Issues Committee of the Malaysian Accounting Standards Board (MASB) from 2008 to 2013.
To register, download the registration form.
For more information, contact Nottingham University Business School Malaysia Executive Education at +6(03) 8924 8303 (Ms Judy Wong; email: Judy.Wong@nottingham.edu.my) or by email NUBS.EDP@nottingham.edu.my
or visit our website at Executive Education.
Please forward this email to colleagues who may be interested.
Nottingham University Business School
The University of Nottingham Malaysia Campus
Jalan Broga, 43500 Semenyih
Selangor Darul Ehsan
Malaysia
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