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Finance for Non-Finance Managers
Date : 18 & 19 December 2014
Time : 9.00 am - 5.00 pm
Venue : Concorde Hotel, Kuala Lumpur
WHO SHOULD ATTEND
Ø Management and staff from non-finance departments including those in sales, business development, marketing and operations.
Few managers realise the impact of their decisions on the financial performance of their organisations. Nor are they aware of the value of financial information for making business decisions. Financial statements contain information that is useful both for decision-making as well as for stewardship purposes. The main objectives of financial accounting are the production of meaningful financial statements and the ability to interpret them. These financial statements do not exist in a vacuum. They must be based on fundamental accounting principles, and the proper and correct recording of transactions. They must also be prepared in accordance with the Malaysian regulatory framework for financial reporting.
CCH Executive Events is pleased to present this two-day workshop to equip Non-Finance Managers with a basic understanding of the principles and concepts of financial accounting and the ability to apply them in the preparation and interpretation of financial and related information to meet internal and external reporting obligations. Participants will learn how to interpret financial statements correctly for decision-making, understand the impact of their decisions and bridge the communication gap with their colleagues from the finance department.
BENEFITS OF ATTENDING
ü Making better decisions by harnessing the right information from reports and understanding the basis by which these reports are derived
ü Gain practical insights into the impact of business decisions on the company's bottom-line by working through exercises and case scenarios
ü Build support from the finance department for proposals and projects by bridging the communication gap with a better understanding of key financial issues and terms
Introduction to the different types of businesses and the significance to financial reporting
A case study to introduce the basic accounting terms
Understanding the differences between capital and revenue expenditure
Revenue recognition for different types of industries e.g. hotel industry, property development, manufacturing, retail, etc
Understanding basic principles of double-entry bookkeeping
- Preparing ledger accounts
- Closing of accounts
- The trial balance
- Final accounts
Fundamental accounting concepts and conventions, with emphasis on the matching concept
Accounting bases and policies
Understanding the structure and composition of corporate financial statements and reports
The balance sheet
The income statement
The statement of changes in equity
The cash flow statement
Notes to the financial statements
Discuss presentation using annual reports of selected companies and crucial points in the preparation of the financial statements and reports
Interpretation of financial statements
Discussion on ratios of different types of industries
Introducing the cash flow statement and its importance in the interpretation of financial statements
Difference between profitability and liquidity
- Understanding and interpreting cash flow statements
- Case studies using annual reports of selected companies
**Participants must bring a calculator to this workshop
Chuen Seng YUNG has over 35 years of working experience in auditing, financial accounting, treasury functions, administration, general management, lecturing and corporate training. He started his career in a big four audit firm as an articled student and graduated as an accountant. Thereafter, he assumed positions of Accountant, Finance and Administration Manager, General Manager and Executive Director in various business sectors, including financial, retailing, distribution, healthcare and multi-level marketing. He is a member of the Malaysian Institute of Certified Public Accountants and Malaysian Institute of Accountants and is also a Certified Professional Trainer accredited by the International Professional Managers Association, UK. He is currently an associate consultant and a free-lance trainer. Among the programmes he has developed and trained on are on areas covering auditing, budgeting, practical accounting skills, finance for non-finance personnel, supervisory and management skills, teambuilding cum leadership workshops and communication skills.
He is an experienced and enthusiastic trainer and has trained for various accounting associations, training and event organisers, multi-national and local companies. He has also lectured on the subject of auditing for ACCA students for several established and renowned colleges on a part-time basis and was an independent non-executive director on the board of a public listed company (A.C.E.).
CCH Executive Events Corporate Member/
CCH Subscriber : RM 1,600.00
Non-Subscriber : RM 1,800.00
** Fee includes workshop materials, certificate of attendance, lunch and refreshments.
This workshop is HRDF claimable under the Skim Bantuan Latihan and to sign up, please complete the registration form attached, scan and e-mail back to me
or fax to 03-2026 2093.
Do contact me anytime for further clarification and assistance.
Thank you and regards,
Senior Events Consultant
Commerce Clearing House (M) Sdn Bhd
Level 26, Menara Weld
No. 76, Jalan Raja Chulan, 50200 Kuala Lumpur
D : +603 2024 8608
D : +603 2024 8608
M : +6016 255 7013
F : +603 2026 2093
E : firstname.lastname@example.org
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