UNDERSTANDING FINANCE AND ACCOUNTING MADE SIMPLE FOR NON FINANCE MANAGERS AND EXECUTIVES ( 2 DAYS)
By Mr. Gobi Sinnarajoo - 11 & 12 July 2018, 9:00 am to 5:00 pm
Kuala Lumpur
(100% Claimable From HRDF/PSMB)
Introduction

This 2-days seminar is designed to provide all participants with a basic understanding of the fundamentals and methods of Finance & Accounting. In today’s business environment there is no escape for non- Financers in not understanding the financial impact of their decisions on the company.
Every division, every department and every executive 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, budgeting 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 basic Finance and Accounting principles
  • Understand and relate Profit & Loss, Balance Sheet and Cash Flow statements to your area of responsibility
  • Knowing the cost structure of your company and how they change according to the business activity
  • How cash flow impacts your company
  • Basic understanding of the principles of budgeting
  • How new investments are evaluated before committing the company
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. THE PURPOSE AND IMPORTANCE OF ACCOUNTING
    • The concept of a business entity and why we have accounting.
    • Meaning of Assets and Liabilities and Shareholder Capital.
    • Who are the important users of financial statements.
    • Why Non Finance management and staff need to understand financial statements.
  2. UNDERSTANDING THE FINANCIAL STATEMENTS
    • The Profit & Loss Statement or Income Statement
    • The Balance Sheet
    • The Cash Flow Statement
    • Management Profit & Loss by Divisional or Department
    • Understanding enough financial basics to make or recommend to management decisions and proposals
  3. INTERPRETATION OR UNDERSTANDING OF FINANCIAL STATEMENTS MADE SIMPLE
    • Interpreting Financial Statements from a layman perspective
    • Use of ratios for financial analysis and measuring performance
    • Comparison of financial statements against previous financial periods and the industry
    • How to distinguish between profits and cash
  4. PRACTICAL UNDERSTANDING OF COSTS IN A COMPANY
    • Types of costs in a company; variable costs, fixed costs, manufacturing costs, overhead costs
    • Examples of costs by various industries
    • Understanding the Break Even theory in detail; minimum sales required
  5. CASH FLOW – KEY TO SURVIVAL
    • Understanding the cash flow cycle of a company
    • How mismanagement of cash flow can destroy a business
    • 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?
  6. 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
  7. 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.
      • Title 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)
Early Bird for training in KL : ( Book Before 27 June 2018 )
1 person or more ~ RM 1280 / person
Standard
1 person ~ RM 1380 / person
2 persons or more ~ RM 1280 / person
(Course fee is inclusive of 2 tea breaks, lunch, course material, Certificate of Attendance)
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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