Accounting & Finance has always been recognized as a very key function in any organization and to all stakeholders. Information reports generated from these records can help managers to make a more informed and effective decisions to increase their organizational performance, minimize corporate failure and better understanding of the various accounting & financial jargons and terms.
To enable the non-financial personnel to :
Methodology :
Duration : 2 Days
– Introduction of Accounting, finance and financial management
– The role and need of accounting in business
– The Accounting Equation
– The economic value of activities of an organization
– Accounting Policies and Chart of Accounts
– Understand and comprehend the different components in Financial Reports :
(i) Manufacturing Account
(ii) Trading and Profit and Loss Account (income Statement)
(iii) Balance Sheet (Financial Position Statement)
(iv) Cash Flow Statement
(v) Change in Equity Statement
– Cost Classifications
– Notional Expenses / Opportunity Cost
– Processing of transactions (day to day business activities) and books of accounts
– Difference with Financial Accounting, purpose and uses
– Types and methods of costing, variance analysis, breakeven point calculations
– Stock Valuation methods
– Capital Investment Evaluation and Depreciation Methods
– Reading and Interpreting the financial statements using trend and ratios, and its indication on the organization’s financial health
– Monthly Management Accounting & Reporting format and content, comparison and interpretation
– Strategic Planning, Annual Budget, Quarterly Review
– Risk, Control and Support Management to the operation
– NTA basis
– PE Ratio and earning multiples
– Super profit and Goodwill calculation
– Cash flow basis
– Understand the relation between cash and profit, prepayments, accruals, provisions, goodwill, etc.
– Equity, short and long term financing and capital market instrument
– Financiers and Gearings
– Working Capital Management (operating cycle) and its impact on financing
– Self financing such as retained earnings, dividend payments, provisions, etc.
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