Finance for Non-Finance Managers (14 hrs)

Course Code: FI-FNFM-04

An understanding of finance is a crucial skill required by many managers. Financial data has to be analysed in order to make calculated business decisions. A basic understanding of finance will also enable one to assess the profitability and financial position of an organisation / department.

This course is aimed at helping managers with little or no knowledge of finance to grasp the basics. It is also simplified to enable participants to learn and remember the fundamental financial concepts well.

  • Appreciation of the major components in each of the financial statements and the inter-relationship among these financial statements
  • Demonstrate the use of various financial statements analysis techniques to determine business performance
  • Understand costing fundamentals
  • Prepare various operational budgets and evaluate firm’s actual performance against the budget
  • Apply relevant cost in various decision making problems
  • Evaluate financial viability of capital projects using numerous investment appraisal techniques
  • Understand the importance of working capital management and applying various techniques in managing working capital

Introduction to Financial Statements

  • Profit and Loss account, Balance Sheet, and Cash Flow Statement
  • Difference between profit and cash flow
  • Difference between financial and management accounting
  • Accounting concepts and conventions
  • Regulatory need for preparation and presentation of Annual Report

Financial Statements Analysis Techniques

  • Horizontal analysis and trend analysis
  • Vertical analysis
  • Ratio Analysis (profitability, liquidity, working capital efficiency, solvency, valuation, and market performance)
  • Limitation of ratio analysis
  • Financial reporting quality and red flags
  • Evaluate companies’ past performance

Cost accounting

  • Cost classification
  • Cost behaviour
  • Treatment of overhead costs

Planning and control

  • Budgeting and budgetary process
  • Master budget vs flexible budget, financial vs operating budgets
  • Variance analysis and identifying corrective actions
  • Behavioural aspects of budgeting

Decision making

  • Cost-volume-profit analysis
  • Retain or abort, make or buy, accept or reject new orders
  • Limited resources – the best strategy

Capital project evaluation

  • Importance of capital budgeting
  • Discounted cash flow
  • Various techniques (payback, accounting rate of return, internal rate of return, and net present value)

Working capital management

  • Inventory
  • Accounts receivable
  • Cash
  • Accounts payable

Participants will be provided with exercises, worksheets, and case studies based on real-life situations to enable them to apply what they have learned.

This course is suitable for managers who need to apply financial concepts in their area of work and finance managers who need to refresh their financial knowledge.

Duration : 2 days (14 hrs)
Time : 9:00am – 5:00pm

Course Fee : $700.00
Nett Fee Incl. 7% GST : $749.00

Key Benefits
  • Appreciation of the major components in each of the financial statements and the inter-relationship among these financial statements
  • Demonstrate the use of various financial statements analysis techniques to determine business performance
  • Understand costing fundamentals
  • Prepare various operational budgets and evaluate firm’s actual performance against the budget
  • Apply relevant cost in various decision making problems
  • Evaluate financial viability of capital projects using numerous investment appraisal techniques
  • Understand the importance of working capital management and applying various techniques in managing working capital
Course Contents

Introduction to Financial Statements

  • Profit and Loss account, Balance Sheet, and Cash Flow Statement
  • Difference between profit and cash flow
  • Difference between financial and management accounting
  • Accounting concepts and conventions
  • Regulatory need for preparation and presentation of Annual Report

Financial Statements Analysis Techniques

  • Horizontal analysis and trend analysis
  • Vertical analysis
  • Ratio Analysis (profitability, liquidity, working capital efficiency, solvency, valuation, and market performance)
  • Limitation of ratio analysis
  • Financial reporting quality and red flags
  • Evaluate companies’ past performance

Cost accounting

  • Cost classification
  • Cost behaviour
  • Treatment of overhead costs

Planning and control

  • Budgeting and budgetary process
  • Master budget vs flexible budget, financial vs operating budgets
  • Variance analysis and identifying corrective actions
  • Behavioural aspects of budgeting

Decision making

  • Cost-volume-profit analysis
  • Retain or abort, make or buy, accept or reject new orders
  • Limited resources – the best strategy

Capital project evaluation

  • Importance of capital budgeting
  • Discounted cash flow
  • Various techniques (payback, accounting rate of return, internal rate of return, and net present value)

Working capital management

  • Inventory
  • Accounts receivable
  • Cash
  • Accounts payable
Learning Methodology

Participants will be provided with exercises, worksheets, and case studies based on real-life situations to enable them to apply what they have learned.

Who Should Attend

This course is suitable for managers who need to apply financial concepts in their area of work and finance managers who need to refresh their financial knowledge.

Course Details

Duration : 2 days (14 hrs)
Time : 9:00am – 5:00pm

Course Fee : $700.00
Nett Fee Incl. 7% GST : $749.00

Course Application

Details Registration
October 19, 2020 - October 20, 2020 (9:00 am - 5:00 pm) Register Now