UNDERSTANDING FINANCIAL STATEMENTS AND PREPARING MANAGEMENT REPORTS MADE SIMPLE (2 DAYS)
By Mr. Gobi Sinnarajoo - 23 & 24 May 2018, 9:00 am to 5:00 pm
Kuala Lumpur
(100% Claimable From HRDF/PSMB)
INTRODUCTION TO THE PROGRAM

This 2-day seminar is designed to provide all participants with little or no accounting background a basic understanding of the fundamentals and methods of Finance & Accounting. In today’s business environment it is very important for escape for non-Finance Executives to understand thefinance and accounting impact of their decisionsEvery staff of the company are all geared towards working to a common goal which is to maximize sales, profits and shareholder value. Understanding the Finance and Accounting principles would enhance the contribution of non-Finance Managers and Executives to the company especially what is Profit & Loss, Balance Sheet and Cash Flow Statements. Participants will also be taught costing, cash flow, budgetting and investment decisions. Lastly the participants will also understand how external factors such as the economy, competitors, material prices and government policies affect the financial condition of the company.

COURSE OBJECTIVE :-
  • Understanding the fundamentals of Finance and Accounting
  • Knowing the objectives and meaning of the three main Financial Statements.
  • Gaining financial statements interpretation skills.
  • Learning how to control expenses
  • Appreciation of good cash flow management for business survival
  • Preparing reasonable and practical budgets and variance analysis.
  • Knowing the key factors for large capital and fixed asset investment justification.
WHO SHOULD ATTEND :-
  • All non-Finance and Accounting department managers and executives.
  • Junior Finance Executives
  • Any persons interested in attaining a basic understanding of Accounting
Course Outlines :-
  1. INTRODUCTION TO FINANCE AND ACCOUNTING
    • The difference between Finance and Accounting.
    • Explanation of the various business structures and accounting needs.
    • Importance of Accounting to the various parties; shareholders, banks, Income tax etc.
    • Why Non-Finance staff need to be familiar with Accounting; how it will help them in management reporting and budgeting.
  2. EXPLANATION OF THE THREE MAIN FINANCIAL STATEMENTS
    • The Profit & Loss Statement or Income Statement
    • The Balance Sheet
    • The Cash Flow Statement
    • Difference between Financial Accounting and Management Accounting.
  3. INTERPRETATION OF FINANCIAL STATEMENTS FOR EFFECTIVE DECISION MAKING
    • Interpreting Financial Statements made simple for non-Finance staff.
    • Use of ratios for financial analysis and measuring performance
    • Explanation of Gross Margins and Net Margins.
  4. UNDERSTANDING AND CONTROLLING EXPENSES IN A COMPANY
    • Explanation of the various type of expenses; manufacturing costs, variable costs and fixed costs.
    • Which expenses can be controlled and which cannot be reduced.
    • The “top ten” tips for reducing expenses.
    • Budgeting for expenses; techniques to create and achieve the best possible budgets.
    • How to handle and report negative variances.
  5. COMMON ACCOUNTING AND FINANCE TERMS FACED
    • Difference between External Audit and Internal Audit.
    • Accruals and prepayments.
    • Credit notes and discounts.
    • Bad Debt write off and provisions
    • Fixed Assets and Depreciation
    • Year- end audit process and how accounts have to be managed.
  6. CASH FLOW – KEY TO SURVIVAL
    • Understanding the cash flow cycle of a company.
    • The importance of sales collections on time.
    • The impact every department or division’s performance on cash flow of the company.
    • Is borrowing good for a company and how much to borrow?
  7. BUDGETS AND VARIANCE ANALYSIS
    • Importance of Budgets to a company and understanding the basic principles of preparing budgets.
    • How to identify and explain budget versus actual variances using ratio analysis.
    • Techniques to determine the root cause of variances and taking corrective action.
    • Behavioral aspects of Budget – inter department conflicts and management’s actions.
  8. NEW INVESTMENTS OR PROJECT DECISIONS
    • The basic elements and assumptions of new project investment.
    • What senior management look for when approving new projects?
    • Basic understanding of the three types of project evaluation.
      • The IRR method
      • The NPV method
      • The Cash Payback method
Your Trainer

Mr. Sinnarajoo Gobinathan , FCCA (UK), MBA (USA), a UK qualified accountant has an extensive professional finance career, spanning over 25 years with BP the leading global oil & gas company and Bristol-Myers Squibb a Fortune 500 US based global pharmaceutical company. His career with BP and Bristol-Myers Squibb has taken him to various countries such as Indonesia, Vietnam and more recently Australia. Throughout his working career, Mr Gobi has held Finance Controller and Finance Director responsibilities for a wide range functions including Financial Control, Financial Reporting, Management Information, Business Analysis, Budgetary Control, Corporate Reporting, Cash Flow Management, Investment Appraisal, Project Commercials and Internal Auditing.

Early on his career Mr Gobi started by only having responsibilities for accounting and finance matters but as years passed his responsibilities evolved into going beyond accounting and reporting areas. In this program Mr Gobi would like to share with participants his experience on how Finance professionals in today’s world can move up the corporate ladder by increasing their competency levels by improving their Financial Accounting interpretation skills.
Mr Gobi spends most of his time travelling between Malaysia and Australia conducting training programs and performing consultancy services. He has an established management consultancy business in Australia. In Malaysia Mr Gobi has been conducting both public and in- house training programs on finance for over the last 15 years and has a proven track record in delivering successful programs.

Course Fee
(Course fee is inclusive of 2 tea breaks, lunch, course material,Certificate of Attendance and 6% GST)
Early Bird for training in KL : ( Book Before 9 May 2018 )
1 person or more ~ RM 1345 / person
Standard
1 person ~ RM 1445 / person
2 persons or more ~ RM 1345 / person
(Course fee is inclusive of 2 tea breaks, lunch, course material, Certificate of Attendance and 6% GST)
Terms & Conditions:
1. Registration & Fees Policy
Registration is confirmed once registration form is received via fax/email/mail. All Payments/Undertaking Letters/Local Order (LO)/Letter of Approval must be made available and presented prior to the course.
2. Cancellation Policy
Any cancellation must be received in writing within 7 working days prior to the event else full payment will be imposed. Any no-show by registered delegates will be liable for full payment of the program fees.
3. Disclaimer & Program Changes Policy
Scientia Training Sdn Bhd reserves the right to amend or cancel the event due to circumstances beyond its control. We reserved the right to modify the advertised topics or course timing whenever necessary.
Registration:
1. Fax 03-6207 6727
       OR
3. Payment shall be made payable to SCIENTIA TRAINING SDN BHD
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