Finance for Non-Finance Professional
13th-14th October 2010,The Legend Hotel,Kuala Lumpur, Malaysia
Dear Friends,
Finance, in real terms, the cornerstone of the enterprise system - good financial management is vitally important to the economic health of company. You have to be able to decipher the financial data provided by the accountant, support the business decisions of the finance manager and then implement the overall KPIs of the investors or board of directors.
What is this workshop about?
This workshop will show you a practical and comprehensive approach for any non-finance professional to understand the financial statements, made simple, to run your business or to implement your project or to protect your investment or to manage the business left by the shareholders. In these 2 days, though short, the course facilitator will touch on the important aspects on the several accounting tools that can make you financial savvy to understand and manage your business operation smoothly.
Why this workshop?
By the end of the session, you would be able to:
- Build business acumen and apply the financial knowledge to your work, business and personal life
- Understand the accounting process and how the accountant prepare the financial statements
- Understand and familiarize the terms & jargons of accounting
- Interpret the financial statements, such as Balance Sheet, Income Statement and Cash Flow Statement
- Realize the meaning behind the numbers in the financial statements
- Apply financial analysis tools to make better decision on sales and purchase of equipment
- Prepare realistic budget to control your financial situations and achieve desired goals
- Apply break-even analysis to determine your desired revenue, expenses & profit, and gain clear vision of the organization products / services performance
- Examine organization performance through annual report
- Appreciate the ratios analysis for measurement of the business performance
- Build your confidence while working with the financial professionals
- Build a more productive relationship with the top management
- Extend your professional skills and add your career value
Learning Methodology
The program will be delivering through a combination of Metaphoric and Learning-by-doing approach, where as the participants will be simulating as a businessman to go through each financial & accounting process. At each stage, the participants will need to exercise the financial knowledge delivered and make judgments on each decision they have to make.
Active learning activities are included to allow participants to engage actively in the learning process. The active learning activities are such as:
- Group discussions
- Case studies
- Interactive storytelling
- Brainstorming
The 8 Important Modules you will learn during this 2 day workshop
Module 1
The importance for you to understand finance & accounting
Module 2
The basic concept of accounting - The difference between cash and accrual accounting, and the importance of cash flow
Module 3
Understand the account jargons & terminology:
- Sales - Knowing the types of sales, sales returns, sales allowances & cash discounts
- Cost of Goods Sold - What is the inventory, LIFO & FIFO methods, discounts on goods purchased and identify the cost of discounts
- Expenses - Classification of the variables & fixed expenses, analyze the health of your expenses, interpret the operating report on expenses, contribution margin & break-even point (BEP)
- Equipments - Difference of the useful life, salvage value, depreciation & book value, and the accounting definitions when equipments is sold, lost or stolen, repair or refurbish
Module 4
Purchase of the equipment - whether you should buy or lease, identify the best payback methods, be aware of the time value of money, and whether to repair or replace when the equipment is down
Module 5
Interpret the Balance Sheet - what are the assets, liabilities, working capital and equity
Module 6
Prepare your budget - learn how to construct the sales budget, cost of goods budget, expense budget, cash flow budget and budget summary
Module 7
Break-even analysis - learn how to calculate the break-even point (BEP), graphing break-even analysis, and recognize the "Variable cost" control point
Module 8
Analyze business performance through annual report - techniques in analyzing the income statement, balance sheet, retained earnings statement & cash flow statement, and introducing ratios to determine the business performance
Course Leader
Agee Lee has more than 26 years of corporate experience, and including 19 years of training experience. He started his career as a trainee in Kwong Yik Bank and moving up to Branch Manager, Loan Manager managing Corporate and Commercial Loans, and finally as Head of Loan Recovery Division. During this employment as Head of Loan Recovery Division, he successfully led his team by bringing down the Non Performing Loans (NPLs) from RM1.9 billion to RM68 million.
After his stint from Kwong Yik Bank, he worked in a property development company, constructing a condominium and Nilai 3 for 2 years. He then worked 2 years in a construction company in Kota Kinabalu, Sabah, executing federal contracts on roads, schools and colleges. His last appointment was with Hong Leong Bank as Head of Remedial Management Department supervising NPLs of RM6 billion.
Besides his impressive career track records, Agee Lee is also active in charity. He was elected as the President of Kiwanis Club in 1987, and for his dedication and service to the community, was also awarded the Distinguished President of the Year Award for 1986 to 1987 by the Past- Presidents of the Kiwanis Club of Kuala Lumpur. He was the top fund raiser for several consecutive years, helping many under-privileged children to grow up healthy and reach their full physical and mental potential. He was then in the Board that nurtured the "Kiwanis Down Syndrome" in 1988.
Agee Lee is actively involved in training for the manufacturers, banks, professional institutions, property developers, construction companies and SMI. He specializes in the area of corporate strategic planning, ordinary business planning, operations of international trade & financing, banking, and finance & accounting.
Agee Lee holds Honours Degree in Economics (major in Business Administration) from the Universiti Malaya, as well as the Associate of Institute of Bankers (London), Diploma in Marketing Management (NPC) and Certificate in Financial Planning (MII). He was recently given AIBM from the Institut Bank Bank Malaysia, and certified professional trainer by Pembangunan Sumber Manusia Berhad (PSMB).
Who Should Attend
Directors, general managers, head of departments, branch or divisional managers, executives, engineers, and technical specialist are encouraged to attend this session.
Workshop Size
Registration is strictly to the first 20 people. This cannot be altered. If the past is any indication of the future, spaces fill up very quickly. If you are interested in attending, call us now or download the registration form here and fax it back to us at ++6 03 40235716.
HRDF Claimable
This workshop is claimable under the HRDF SBL Scheme. Checks with your department to make sure you are eligible.
Tax Deductibility
In all likelihood this seminar is tax deductible. Check with your accountant to be sure.
Workshop Investment $$
RM 1490.00 per delegates. This includes all workshop materials. Lunch will be provided.
Early Bird Offer!!
If you register yourself EARLY, you will enjoy a discount of 5%. For more information, please refer to the registration form here.
Group Discount!!!
If you register in group of 3 persons or more, you will enjoy additional 5% discount, and if your group are 5 persons or more, you will get a much greater discount of 7%, and 10% discount shall be entitled for group of 8 persons or more. So get your friend or colleagues to register with you!
100% Satisfaction Guaranteed
We understand that some of you don't know us. That is why we make this workshop a 100% satisfaction guaranteed. If for any reason whatsoever you don't feel like you have received more than your money worth by lunch break, simply hand in your materials for a complete 100% refund. No weasel clauses, no hassles, no questions asked. We won't lie, as rarely we have to make refund to our participants; however it is our integrity which makes our business successful.
If you like what you have gone through so far, you may register yourself by downloading the full brochure here, and fax the registration form back to us at ++6 03 40235716. And if you happen to have some friends or colleagues who would be interested in this workshop, please forward this link to them.
Yours Sincerely,
Global Intelligence Network (M) Sdn Bhd
Tel: ++6 03 40216000
Fax: ++6 03 40235716
Email: admin@gin-my.com
