Finance for Non Finance Managers Training
Wanfah Prosper PLT
Education & Training Services, Education Services, Costing
MODULE 1 : SPEAKING ACCOUNTING
Understanding what is accounting and why accounting
Know the objective of a business / Organisation
The purpose of Financial Reports
MODULE 2 : TYPES OF ACCOUNTS
What are the Fundamental Accounting Concept and assumptions used in preparing Accounting Records and why these are being used?
Differentiate between Assets, Liabilities, Expenses, Income and Equity
Understanding the Accounting Equation of Assets = Liabilities + Equity
Differentiate between OPEX and CAPEX
MODULE 3 : READING FINANCIALS
Introduction to the various Financial Statements and their uses
Tools use in Financial Statement Analysis
Horizontal Analysis (Trend Analysis)
Ratios Analysis – operational ratios, financial ratios and valuation ratios
Statement of cash flows
The difference between Profit and Cash and why the saying “Cash is King”
How to analyse the statement of cash flows
Different between Publish Accounts and Management Accounts
Causes, Trigger and Early Warning of Financial Distress
What are the Limitations of Ratio Analysis
MODULE 4 : COSTING DECISION
What is Cost?
How to differentiate between direct and indirect cost?
Differentiate the controllable and uncontrollable cost
Cost – Volume – Profit Analysis
Learning the Contribution formula and thus working with the Break–even Point analysis
How to decide on the Pricing?
MODULE 5 : BUILDING BUDGET
Types of budgets
Differentiate the various types of budgets – Incremental, Zero-based and Rolling
MODULE 6 : COMPARING BUDGET APPROACHES
When and which is better - Top-down or Bottom-up approach?
MODULE 7 : BUDGETING AS A PLANNING AND CONTROL TOOL
Using the budget to control the business and what are the limitation factors.
Understanding the Budgeting process and its coordination
How to forecasting sales revenues and expenses and building up the budgets numbers
When to adjust the budget to reality
MODULE 8 : INVESTMENT APPRAISALUnderstand the basic investment appraisals - Payback Period, Return On Investment (ROI), Net Present Value (NPV) and Internal Rate of Return (IRR) for better decisions making
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