Finance Fundamentals > Finance for Non-Financial Managers (Online Training)

Finance for Non-Financial Managers (Online Training)

Course Objectives

Today’s business managers are required to make day-to-day decisions at the operational and project levels. Making right decisions will maximize the value of organization and improve the performance of their operations. As a result, it is important for managers to understand the financial aspects of business performance besides dealing with technical information.

Participants will learn how to evaluate the financial performance and position on a monthly and yearly basis. In addition, they will learn the financial tools in analysis of financial statements and making appropriate decisions.

Managers will be able to use their new financial knowledge to make more effective decisions. This course will provide basic financial principles and cover generic financial management tools necessary for decision-making.

Participants will learn to:

Read and utilize financial statements in making decisions
Understand principles of corporate finance
Understand corporate financial goals
Analyse and interpret financial data
Know the principles and concepts of cost accounting

Target Audience

This program is suitable for Senior Managers and Managers.

Methodology

This Live Online / Virtual Training session will be conducted via a Live Streaming Platform in which the trainer will use interactive lecture and slide presentation to cover the modules stated below.

Course Modules

Module 1 – Read And Understand Financial Statements
– Income Statement
– Balance Sheet
– Statement of Cash Flows
– Statement of Changes in Equity
Module 2 – Analyse Key Financial Information
– Financial Ratios
– Financial Trend and Indicators
Module 3 – Break Even Analysis For Production Decision Making
– Contribution Margin
– Break Even Point
– Margin of Safety
– Target Income
Module 4 – Using Budgets To Achieve Organizational Objectives
– Identify the role of budgets and budgeting in organizations
– Demonstrate the importance of each element of the budgeting process
– Explain the different types of operating budgets and financial budgets
Module 5 – Determine Cost In Doing Business
– Identify the cost components
– Calculate variable costs per product
– Calculate fixed costs per product
– Calculate total costs per unit
– Costing for management and control
Module 6 – Capital Investment
– Is the investment worthwhile?
– Return on investment
– Payback
– Net Present Values
– Internal Rate of Return
Module 7 – Source Of Finance
– Short term vs long term financing,
– What is leasing?
– Lease vs Term loans

Get To Know The Trainer

Trainer Dr Lok

Dr Lok, PhD, is a financial consultant specialising in business reporting, cost management and information systems. Dr Lok is a chartered accountant registered with the Malaysian Institute of Accountants (MIA), a member of the Chartered Institute of Management Accountants (CIMA), a Chartered Global Management Accountant (CGMA) and a Fellow of the Chartered Tax Institute of Malaysia (CTIM).

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