Finance for Non Finance Managers – 2 days
Program
Objective:
This program is designed to impart basic knowledge to line managers
about some common management financial reports to enable them to carry out
simple analyses so that they can identify the health of operations and trigger
their concerns for making improvement in their own areas of responsibilities.
Deliverables: By the end of this program, participants will be able to:
1.
Understand the various
financial implications that are pertinent to management control and be able to measure
effectiveness of operations
2.
Differentiate between the
usefulness of financial accounting and management accounting reports
3.
Analyze the financial ratios to
identify the company’s financial strength and weakness so that they can create
appropriate strategic plans to achieve Company’s vision;
4.
Carry out simple analyses
measuring returns using R.O.I, opportunity cost, stock management and inventories
control ratios through both financial & non financial Key Performance Indicators
5.
Make use of the 9 pointers to
have quick overall brief of the company
Key Topics:
1.
Essential financial management
terminology and tools
2.
The importance and limitations
of using numbers to predict, plan and control
3.
Essential Financial Statements
( Balance sheet, P&L account,
Management accounts, Cash flow Plan, Operating Budget Plan etc) and integrated
with company strategy and vision;
4.
The relationships, usefulness
and limitations of each component of Financial Statements with real-world class
cases
5.
Understanding the Big Picture
of doing Business and enhancing business acumen in management
6.
Looking beyond numbers for
completeness and holistic management approach.
7.
9 Pointers of Financial
Analysis ; Qualitative, Qualitative and
External Aspects
8.
How to achieve Progress,
Profitability and Prosperity in today’s rapidly changing world.
9.
Main Types of Non-financial
Ratios ( understanding rejection rate,
waste ratio, complaint ratio, warranty ratios and delivery on schedule ratio )
to use to analyze the underlying causes and benchmark
10.
Understanding the difference
between core competencies and capability
11.
Understanding, analyzing and
using Financial Ratios in management
12.
Cash Conversion Cycle, Free Cash Flow
13.
How to response to the rapid
changes to External Factors (Market Driven) to stay ahead
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