THE "MIM MANAGEMENT HOW-TO"
SERIES:
From economic
downturn to business recovery, one thing is for certain - companies must
relentlessly manage their finances, in good times and bad. Successful
companies are moving to re-shape their business direction and assess
financing requirements, undertake cost reductions, critically manage cash
flow liquidity, drive-up revenues and generate a strong balance sheet to
sustain future economic turmoils and to take advantage of the economic
recovery. Is your organisation’s cost structure
cost-effective, are your profit margins improving or slipping, can you manage
cash flow better and what can your company do to improve asset management and
financial performance? These are some of the financial issues addressed in
this 2-day workshop. |
||
|
Objectives This workshop is designed to help participants know how to evaluate
business performance and viability, and learn practical tools, techniques and
guidelines to take away and apply at their respective organisations to manage
liquidity, control costs effectively and increase profitability. Who Should Attend·
CEOs / Managing
Directors / COOs / General Managers ·
SME
Owners / Entrepreneurs ·
Senior
Managers / Managers ·
Business
& Operational heads ·
All non-finance people who have a critical need
to implement financial improvement |
Learning Outcomes Upon completion of
this 2-day workshop, you will be able to: ·
Understand causes and impact of the recent
economic slowdown ·
Know how to analyse your organisation’s state of
financial health and business viability ·
Have a firm understanding on how to identify key
areas of financial concern (“Red Flags”) and impact these have on liquidity and
profits ·
Adopt a strong cost management mindset when
facing difficult financial decisions ·
Apply the Financial Improvement Roadmap to take short and longer term corrective action
to improve cash flows, costs and revenue ·
Be better prepared to take advantage of the
economic and business recovery |
|
|
Programme
Outline Day 1 The recent
Malaysian Business Environment ·
Recap on the recent business downturn ·
How the downturn affected the Malaysian business
environment and its impact to-day Evaluate
your Financial Condition ·
Determine the current & future business
impact ·
Quantify the current & future financial
impact ·
Diagnose the scenario your company is in Strategise
your Response ·
Identify
your response level ·
Using the
Financial Improvement Roadmap ·
Setting financial targets ·
Plan for quick-fixes & longer term action Manage Liquidity, the Key to Survival ·
Understanding balance sheet dynamics ·
Analysing changes in cash flow movements ·
Why Cash is King ·
Generating cash flow projections ·
Guidelines on managing cash flows ·
Know your cash conversion cycle ·
Measuring liquidity ·
Improving debtors ·
Reducing inventory ·
Managing creditors ·
Cutting debt ·
Rationalising investments ·
Are you in risk of being bankrupt? Training
Methodology Presentations, group discussions, video, individual and team
exercises. In this programme, we will also examine a number of case studies. |
Day 2 Adopt
a Cost Management Culture ·
Understanding cost leadership ·
What is a cost management mindset? ·
Superb cost management principles ·
Enforcing the cost management culture across the
organisation Reduce
Costs, Now & Forever ·
Understanding costs ·
People & supplier costs ·
Strategic & non-strategic costs ·
Discretionary & non-discretionary costs ·
Using the cost matrix for cost management ·
Reducing supplier costs ·
Streamlining processes ·
Overhead cost effectiveness ·
Managing people ·
Paying people for performance ·
Planning the cost reduction exercise Opportunities
to create Business Advantage ·
Analysing the Profit & Loss Account ·
Time to restructure your cost base ·
Revenue improvement opportunities ·
New business opportunities Putting
it all Together ·
Crafting your financial management roadmap ·
Driving financial management initiatives ·
Implementation checklist ·
Critical success factors ·
Q&A session Training Facilitator
Main Trainer: Vincent Loh, MMIM, MIM-CPTFCA
(Fellow of Alternate Trainer: Peter Chin, AMIM, MIM-CPTMBA ( Accounting (Technician
Certification |
|