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X-WR-CALNAME:NAST Training & Consultancy Sdn. Bhd.
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X-WR-CALDESC:Events for NAST Training & Consultancy Sdn. Bhd.
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TZID:Asia/Shanghai
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DTSTART:20230101T000000
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DTSTART;TZID=Asia/Shanghai:20230803T090000
DTEND;TZID=Asia/Shanghai:20230804T173000
DTSTAMP:20260627T112245
CREATED:20230122T065652Z
LAST-MODIFIED:20260123T085329Z
UID:7655-1691053200-1691170200@nastglobal.com
SUMMARY:Finance for Non-Financial Managers and Executives
DESCRIPTION:Accounting and Finance has always been recognized as a very key function in any organization. It provides the basis for information reports to be generated from these records to help managers to make a more informed and effective decisions to increase their organizational performance. \nAccounting and Finance will forever be an extreme asset and vital aspects to one’s career and organization success. It is a “NEED TO KNOW” subject matter. \nHence this training workshop will help all Non Finance Managers to increase their Performance and Communication effectiveness in their daily Accounting Work through new knowledge acquired. \nLearning Objectives \n\nKnow the fundamentals and concept of Accounting and Finance in practice\nKnow the Accounting Standard and Policies requirements in used.\nExplain the documentation control requirements in transaction processing.\nComprehend the various key Accounting and Financial Terms used in the Accounts and Financial Statements.\nUtilise Financial Statement information for decision making.\n\nTarget Participants \n\nAll Non-Financial Managers\, Executives\, Professionals and Personnel.\n\nMethodology \n\nCourse notes\nParticipative and active\, group discussions\, and\nGroup hands on exercises.\n\nAs this is a training workshop\, participants besides attending lectures are also required to work together in pairs and groups to have hands on exercise to recap the learnings together . Hence a calculator is required and are welcome to bring their own computer. Participants are also encouraged to bring their real working questions for discussions. \n  \nDuration:2 Days \nCourse Outline \nIntroduction \n\nIntroduction of Accounting and Finance and its various key terms use daily.\nThe role of Accounting and Finance in business\,\nDifference between Financial & Management Accounting and Financial Management.\nAccounting Standards and Policies\nAccounting Concepts and Equations\n\nFinancial Accounting Function \n\nAccounting Transactions processing and its matching concept for internal control.\nDifference between Capex and Opex.\nClassifications of Opex – by Function and by Nature\nAccruals\, Provisions for Payable expenses\, Prepayments\, Depreciation & Amortization and Impairment adjustments\n\nReading and Understanding the different components in Financial Statements: \n\nStatement of Total Comprehensive Income:\n\nStatement of Profit and Loss section\n\nRevenue and Other Income\nRevenue recognition.\nComposition of Cost of Sales\nOperating expenses classification\nFinance or Interest Expenses\n\n\nStatement of Other Comprehensive Income\n\nContent of this Statement.\nMeaning of Other Equity Components\n\n\n\n\n\n\nStatement of Financial Position:\n\nConcept of:\n\nNon-current and Current Assets\,\nNon-Current and Current Liabilities\n\n\nMeaning of Property Plant and Equipment and its difference with Investment Properties\nIntangible Assets\, e.g. goodwill creation.\nContingent Assets and Contingent Liabilities\nMeaning of between book value\, recoverable value and fair value in assets valuation.\n\n\nStatement of Financial Position – cont:\n\nBiological Assets\nRight of Use Assets\nWorking Capital Components\nDeferred Tax Assets and Deferred Tax Liabilities.\n\n\nStatement of Cash Flow:\n\nOperating Activities Cash Flow\nInvesting Activities Cash Flow\nFinancing Activities Cash Flow\n\n\nReading Cash Flow statement made easy\nStatement of Change in Equity.\n\nManagement Accounting Function. \n\nPurpose of Management Accounting and its usage.\nInterpret of financial statement using trend and Financial Ratios\, testing for:\n\nProfitability from sales\, Return on assets & equity invested.\nLiquidity\nFree Cash Flow\nEfficiency on Working Capital management.\nStability\nMarket analysis.\n\n\n\n\nNew Capital Expenditure / New Investment proposal evaluation.\n\nTime Value for money – Present value and future value determination.\nPayback Period\nInternal Rate of Return\n\n\n\nAssignment on Capex / investment evaluation \n\nCost Classifications and behavior\nBudgetary control – variance analysis between actual and budget.\nMarginal costing – Cost Volume Profit Analysis for decision making.\n\nAssignment on Break-even calculation. \n 
URL:https://nastglobal.com/event/finance-for-non-financial-managers-and-executives-public-training-2/
LOCATION:Kuching\, Malaysia
CATEGORIES:Human Resource
ORGANIZER;CN="NAST%20Training%20And%20Consultancy":MAILTO:info@nastglobal.com
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