Finance for the Non-Financial Manager

Training Finance for the Non-Financial Manager

Overview

Money is the language of business. The ability to understand and analyse financial data is essential for successful management. An understanding of both financial statements and project evaluation tools is a necessity in order to make rational decisions and contribute to discussions intelligently. Participants return to their jobs equipped to apply the fundamentals of finance to influence business decisions, improve profits, sell new business plans, manage budgets and communicate more confidently with finance-based colleagues.

Objectives

  • Understand the nature and structure of financial statements
  • Review the elements of financial statements necessary to improve communication and make better decisions
  • Know how to use economic value added techniques to enhance performance and manage sustainable growth
  • Understand the basic principles and concepts underlying the preparation of financial statements
  • Discover how to make better business decisions by using accounting ratios
  • Learn how to monitor your department’s or business unit’s performance and take accurate corrective actions
  • Understand how budgets can be used to plan, monitor and control a department, division or business unit
  • Understand cash flow projection and manage liquidity
  • Learn the techniques for appraising investment projects
  • Understand the principles of responsibility accounting and techniques for performance evaluation
  • Review, control and manage costing and conduct short term decisions using break-even for services and multiple products
  • Understand basic short term and long term decision-making concepts and techniques
  • Understand different sources of finance balancing between debts and equity

Course Content

Understanding financial statements
  • The finance role in the corporate world
  • Nature, principles and scope of accounting
  • Common terminology used by accountants and financial managers
  • The accounting equation
The annual report
  • The benefits of an annual report
  • Contents of an annual report
  • Management discussion and analysis
Balance sheet
  • Manage working capital: current assets and current liabilities
  • Fixed assets management
  • Non-current liabilities
  • Shareholder’s fund
Profit and loss and other comprehensive income
  • Revenue from contracts with customers
  • Expenses by nature and by function
  • The cost of sales vs cost of goods sold
  • Indirect vs operating expenses vs overheads
  • Gains and losses
Statement of cash flow
  • The cash flow activities
  • Direct method versus indirect method
  • Key elements in a cash flow statement
Financial statement analysis
  • Purpose and complete set of financial statements
  • Ratio analysis
  • Interpretation of financial statements
  • Segment reporting for multinational corporations
Evaluation of financial performance using budgets
  • Budgeting process
  • Budget cycle
  • Types and styles of budgets
  • Variance analysis
  • Relevant and non-relevant costs
  • Fixed and flexible budgets
  • Cost classification
  • Short term decision making using break-even analysis
Value Based Management
  • Responsibility centres
  • Economic value added
  • Effective control mechanisms
  • Tools to use
Source of short term finance
  • Types of short-term finance
  • Cash investments
  • Working capital cycle
  • Receivables and payables
  • Cash flow statement
  • Accounting for inventory
Source of long term finance and company valuation
  • Equity finance
  • Shareholders’ funds
  • Preference shares
  • Reserves
  • Raising share capital
  • New issues
  • Rights issues
  • Weighted average cost of capital
  • Company’s valuation
  • Debt Finance
  • Fixed income : bonds
  • Debt yields
Capital investment appraisal
  • The time value of money and discounted cash flow
  • Technique for assessing projects
  • Basic methods of investment appraisal
    • Net present value (NPV)
    • Payback
    • Discounted payback (DPB)
    • Internal rate of return (IRR)
    • Modified internal rate of return (MIRR)

General Notes

  • All our courses can be facilitated as Customized Live Online Training, Public and In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.

VENUE 

Yogyakarta, Jakarta, Bandung, Bogor, Cirebon, Solo, Semarang, Surabaya, Malang, Bali, Lombok, Samarinda, Balikpapan, Banjarmasin, Pontianak, Makassar, Medan, Palembang, Lampung, dll serta Timor Leste, Thailand, Singapore , Kuala Lumpur.  (dengan harga dan minimal kuota yang berbeda)

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Informasi Jadwal Training 2021 2022 2023 2024 | Informasi Pelatihan | Jadwal Diklat | Info BIMTEK  2021 | Training Course | Informasi Seminar Schedule | Online Training | Pelatihan Online