As managers,
just about every decision that you make has its consequence on the liquidity
and profitability of your company. The question is: Do you know how and why? This programme takes you through the appreciation of the financial statements, breakeven point analysis, and the management of working capital as well as its implication on your cash flows. |
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Objectives Upon completion of this programme, you will be able to: ·
Enhance
your knowledge in financial management so that you can contribute effectively
in improving your company’s bottom-line ·
Interact
more effectively with decision makers ·
Have the
skills and confidence to make sound business decisions ·
Analyse and
interpret various financial and accounting reports / statements ·
Use
financial information in your everyday management and decision making ·
Learn and
acquire various tools and techniques in financial management Who Should Attend ·
Mid
Level Managers ·
Heads
of Departments ·
Non-financial
Managers Learning Outcome At the end of this programme, you will have gained the following knowledge and learning: · A clear understanding and decision-making skills on such topics as working capital management, accruals, accounts receivable, accounts payable and many other vital areas of finance and accounting. ·
Be more
innovative, accountable and responsible for the bottom-line and performance
of your company. |
Programme Outline Day
1 ·
Introduction to financial management – the challenges
and role of financial management ·
The basic forms of business organisations ·
Overview of the conceptual framework of accounting ·
The accounting equation – assets, equities and
owners’ equity ·
Components of retained earnings ·
The key financial statements – balance sheet, income
statement and the statement of cash flow ·
Accrual accounting vs cash accounting ·
Importance of financial statement analysis ·
Uses of financial statement analysis ·
Framework for financial analysis – analysis of the
funds needs of the firm, analysis of the financial condition and profitability
of the firm, analysis of the business risks of the firm ·
The major financial ratios · Cost-volume-profit analysis – behaviour of costs, breakeven analysis and profit volume analysis Day 2 ·
Working
capital management – overview and purpose of working capital management ·
Debts and
types of financing ·
Accounts
receivable management ·
Inventory
management and control ·
Working
capital issues ·
The time
value of money – future value and present value of money ·
Capital
budgeting – overview and investment decisions ·
Project
evaluation methods – payback period, accounting rate of return, internal rate
of return and net present value Training Facilitator
Abdul Karim
Hassan, MMIM, MIM-CPT, MIM-CPFM,
AIBM
MBA (Finance),
Hull, UK, BBA, RMIT
University, Australia, Dip. Mgt, MIM Associate Consultant (MIM), MIM-CPE Programme
Director, Business and Executive Coach |
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Administrative Details Fees: MIM Member: RM1,100 Non-Member: RM1,270 Duration: 2 days Time: 9:00 a.m. – 5:00 p.m. Venue: MIM Management House Kuala Lumpur |
PSMB Scheme:
CPD Hours:
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