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Provided by: PQM Solutions Essentials of Finance for Non-Finance ProfessionalsAccount Management |
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Training
Provided by PQM Solutions
In todaya s globalised market, competition is becoming more intense, and financial communication is becoming increasingly complex. There is a greater need for every executive/ manager to be alert and to make decisions which have financial implications that affect the value of his organization. It is vital, therefore, for non-finance professionals to grasp and apply fundamental financial management knowledge, skills and techniques to manage their respective areas.
Our program a Essentials of Finance for Non-Finance Professionalsa is designed specifically for non-finance professionals who need to improve their knowledge of finance and financial analysis. It will enable participants to see the a integrated picturea and to become truly, all-rounded professionals. A wide variety of participative methods will be used to help participants understand company balance sheet, income statements, cash flow statements and statements of changes in equity so as to add value to the effective management of organization.
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Essentials of Finance for Non-Finance Professionals
Day 1
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Introduction
* Course Objectives and Expectation
* Importance of financial knowledge for Business leaders
* Introduction to finance & key financial principles
Understanding the Key Financial Statements
* The three key financial statements
- Balance Sheet
- Profit and Loss Statement (also known as the Income Statement)
- Cash Flow Statement
* Other components of financial statement management report, notes to financial statement, auditors report etc
* The three financial statements how they link, how they differ
* Areas to focus for effective management
Financial Statement Analysis and Interpretation
* Explore key items in financial statements and understand their inter-relationships
* Key accounting treatment for depreciation, goodwill, stock and investments
* Understanding Concepts in Group Accounts to enable Analysis
* The use of basic trend analysis and common size statement
* Understanding and applying ratios to analyse:
- Valuation
- Liquidity
- Efficiency
- Solvency
- Profitability
* Limitations of ratio analysis
* Understanding the strengths and weaknesses of accounting measures of performance
Case study:
* Interactive discussion to apply concepts learnt in the context of a business environment
Day 2
______
Working Capital Management
* Why the need for working capital management?
* Tools & techniques for the management of working capital
* Cash flow management
- Impact of cash flow on business
- Use of Cash conversion cycle & Cash flow forecasting
Costing Tools for Effective Management & Decision Making
* Introduction to management accounting
* Fundamentals of Cost, Profit and Breakeven
* The difference between Absorption costing and Marginal costing
* Cost-Volume-Profit (CVP) analysis
Capital Expenditure
* What is capital expenditure
* Impact of capital expenditure on investments and decision making
* Tools and techniques for capital expenditure analysis
- Payback method
- Time value of money
- Net Present Value (NPV) analysis
- Internal Rate of Return (IRR) analysis
- Comparison of payback, NPV and IRR methods
- Weighted average cost of capital (WACC)
______
Introduction
* Course Objectives and Expectation
* Importance of financial knowledge for Business leaders
* Introduction to finance & key financial principles
Understanding the Key Financial Statements
* The three key financial statements
- Balance Sheet
- Profit and Loss Statement (also known as the Income Statement)
- Cash Flow Statement
* Other components of financial statement management report, notes to financial statement, auditors report etc
* The three financial statements how they link, how they differ
* Areas to focus for effective management
Financial Statement Analysis and Interpretation
* Explore key items in financial statements and understand their inter-relationships
* Key accounting treatment for depreciation, goodwill, stock and investments
* Understanding Concepts in Group Accounts to enable Analysis
* The use of basic trend analysis and common size statement
* Understanding and applying ratios to analyse:
- Valuation
- Liquidity
- Efficiency
- Solvency
- Profitability
* Limitations of ratio analysis
* Understanding the strengths and weaknesses of accounting measures of performance
Case study:
* Interactive discussion to apply concepts learnt in the context of a business environment
Day 2
______
Working Capital Management
* Why the need for working capital management?
* Tools & techniques for the management of working capital
* Cash flow management
- Impact of cash flow on business
- Use of Cash conversion cycle & Cash flow forecasting
Costing Tools for Effective Management & Decision Making
* Introduction to management accounting
* Fundamentals of Cost, Profit and Breakeven
* The difference between Absorption costing and Marginal costing
* Cost-Volume-Profit (CVP) analysis
Capital Expenditure
* What is capital expenditure
* Impact of capital expenditure on investments and decision making
* Tools and techniques for capital expenditure analysis
- Payback method
- Time value of money
- Net Present Value (NPV) analysis
- Internal Rate of Return (IRR) analysis
- Comparison of payback, NPV and IRR methods
- Weighted average cost of capital (WACC)
About The Training Provider: PQM Solutions
PQM Solutions - Provider of world class performance improvement programs for executives and managers in all industry sectors via seminars, workshops and conferences. We offer both public and private programs. Our vision is to be the preferred provider of performance improvement solutions and programs. Our mission is to provide affordable opportunities of performance improvement to individuals and organizations...
