Finance for Non Finance
Overcome Fear of Numbers and Finance
WHY THIS TRAINING?
Finance for non-finance is important because “Numbers don’t lie”.
By understanding numbers and accounting, Managers can plan and make the right decisions via
- Understanding the principles of accounting
- Purpose of financial statements
- Process of preparing financial statements
- Process of preparing and tracking financial and cashflow budgets
- Interpret and analyse financial statements using trends and ratios
- … in order to identify potential operational and financial issues and take prompt corrective action.
making them valuable assets for the Company, leading to career advancement and higher remuneration package.
OUTCOME OF THIS TRAINING
By the end of this programme, participants will be able to:
(a) increase financial literacy & financial vocabulary
(b) understand basic principles of accounting and fundamentals of finance and accounting
(c) perform budget planning, variance analysis and manage cost
(d) detect early warning signs through trend and ratio analysis
(e) understand Financial Statements and why “Cash is King”
About the Trainer
TRAINING OUTLINE
Module 1: Personal Finance
- Importance of numbers in personal lives
- Personal financial planning – tips about savings and spending
Module 2: Finance in Business
- Difference between Conceptual Framework and Regulatory Framework
- Purpose of Financial Reports
- Fundamental Accounting Concept
- Assumptions used when preparing Accounting Records
Module 3: Case Study - Preparation of Accounts
- Understand Accounting Equation
- Understand Assets, Liabilities, Expenses, Income and Equity
- Introduction to basic booking keeping
- Introduction to Financial Statements
Module 4: Understanding accounting terminologies
- Financial Accounting vs Management Accounts
- Operating expenditure (OPEX) vs capital expenditure (CAPEX)
- Sales vs Profit vs Cash; why the saying “Cash is King”
- Accounting profit vs Tax profit
Module 5: Case Study: Budgeting as a Planning and Control Tool
- Understand the Budgeting process
- Types of Budgets – profit, cashflow or capital expenditure
- Use Budget to Control the Business
- How to forecast Sales Revenues and Expenses
Module 6: Case Study: Interpretation of Financial Statements
- Vertical Analysis
- Horizontal Analysis (Trend Analysis)
- Ratios Analysis – Operational Ratios and Financial Ratios and Valuation Ratio
- Benchmark of best practices
TARGET PARTICIPANTS
This course is suitable for non-financial
- Mid-level managers
- Head of divisions/functions
- Self-employed professionals
- Individuals who are determined to acquire accounting knowledge for career, business or self development