ITINERARY OF THE 2 DAY PROGRAMME
Day 1
Morning Session (9.00am-12.30pm)
Coffee Break (10.30-10.45am)
1. What is Practical Business Finance Skills all about?
2. The Manager’s role in regards to Finance-
- Decision Making
- Operational profits and costs management
- Meeting the Budgets
- Operating expense budgets
- Cost control
3. How to measure department performance with the company goals and performance
4. What are GAAP and Financial Reporting Standards
5. Business Planning and Resource Utilization
a Business Planning and Budgeting process
- Departmental Planning Model
c. How to calculate the Financial Ratios
6. Business financial statements
a. How to read and analyze the Balance Sheet, Profit and Loss, Cash Flow
b. How to read and understand financial ratios
c. How to compute the value of the company and business
Lunch Break (12.30-1.30pm)
Tea Break (3.00-3.15pm)
Afternoon Session (1.30-5.00pm)
3. Business Financial Performance Analysis
- How to evaluate the business performance?
- How over-trading affects the business performance?
- Exercises and case studies
4. Business Cash Flow Management
a. Understanding the meaning of Cash Flow and its source and application.
b. How to prepare periodic operational cash flow
c. Understanding on sources of capital
5. Case studies from participants
- Opportunities for participants to present their own case studies and learn how to manage their problem solving skills.
Day 2
Morning Session (9.00am-12.30pm)
Coffee Break (10.30-10.45am)
6. Business Finance and Credit Control
a. Financing and working capital
b. Effective Debt Collection methods
c. Importance of working capital
7. Business break-even analysis
a. Managing profitability with break-even analysis
b. Cost Volume for decision making
Lunch Break (12.30-1.30pm)
Tea Break (3.00-3.15pm)
Afternoon Session (1.30-5.00pm)
8. Business Investment Appraisal
a. Returns on Capital Investments
b Investment Appraisal methods
i) IRR
ii) Payback Period
iii) NPV
9. Business Budgetary Planning and Control
a. Budget Preparation
b. What are non-recurring and extra ordinary expenses?
c. Budget, Flexi budget or Forecast, Variances analysis
10. Effective Internal Controls and Sarbanes Oxley Act
- What are Internal Controls and how to have a good internal control policy
- What is Sarbanes Oxley Act and how it will contribute to your business
11. CASE STUDIES and PRACTICE
Throughout the course, participants will be given exercises and case studies to sharpen and improve their financial and communications skills. Participants are required to bring along their calculators for the exercises.
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