Introduction

Organizations are increasingly seeing the importance of accurate and efficient financial statement analysis technique in shaping a more successful and prosperous organization overall. Users of the financial statement of the company is usually concerned with and need to be informed about the financial position, results of operations and changes in financial position as a whole. This course is intended to familiarize participants with the revised approved international standards on accounting as well as presentation of the financial statements. Participants will able to apply financial management knowledge to their work, business and personal life.

How Will You Benefit

Upon completion of this programme, the participants will be able to :

• Reading and interpreting any financial statements confidently
• Applying financial tools and techniques to measure and evaluate business performance including those of competitors
• Identify the various uses of financial statements
• Understand how financial statements are used to assess company performance
• Knowing how to improve business performance and profitability through the understanding of cash flow statement
• Being better able to use and present financial information
• Knowing the different techniques for preparing cash flow projections
• Calculate and interpret liquidity, managerial efficiency, financial stability and profitability ratios
• Recognize the current financial reporting practices by companies in Malaysia
• Apply financial statement analysis to assess the performance of a business.
• Describe the establishing improvements to corporate management and reporting
• Develop skills in analyzing accounting reports and evaluating organizational performance through statement of change in financial position
• Knowledge of master corporate financial planning, forecasting and budgeting, learning how to mange the financial management effectively in organization

Who Should Attend

Financial professionals, accounts assistant manager or executives who are interested understanding the application of company accounting and financial statement so that they can make some decisions on their own and can participate in the financial decisions of their business

Methodology

Interactive lectures, practical exercises & discussion on all relevant aspects of company accounts and financial statements to ensure participants grasp clearly aspects presented

Module

Introduction

Cash flow” management refers to the need to have cash come in — flow in — at the right times, so that it is available to flow out as needed. Everyone knows that if an organization has more expenses than income, sooner or later it will find itself in trouble. However, even if income matches or exceeds expenses in a given year, the cash from the income may not arrive in time to pay the bills as they come due. A cash shortage can be very disruptive to your ability to carry out your mission. To avoid disruptions of business or to take advantage of temporary cash surpluses, cash flow can and should be projected, monitored, and controlled.

How Will You Benefit

Upon completion of this programme, the participants will be able to :

• Understand the relationship between profits and cash flow
• Review the cash management tools currently in place
• Develop an analytical approach to cash inflow and outflow drivers in the business
• Total Cash Management’s Effect on Revenues and Expenses
• Cash Shortage and Cash Surplus
• Collecting Accounts Receivable
• Squeezing Inventories for Cash Savings
• Be able to examine the cash flow effect

Who Should Attend

Any person who has the responsibility or interest in managing the company’s cash flow

Methodology

• Real live hands-on with learning by role-play, rehearsals & total participation
• Participants will learn from each other garnering & gathering of their selling strengths & weaknesses
• Results proven games & activities to reinforce / apply learning skills
• Selected video learning to Enhance/ Escalate / Empower learning behaviours

Module

Introduction:

Risk Management in the Decision Making Process

Risk & uncertainty are present in most operational/commercial decisions that we make. In order to make good decisions we need to try to minimize if not eliminate these risks and uncertainties. Risk and uncertainty that is not understood and mitigated can cost companies millions of dollars and sometimes even wipe out the entire business as we have noted in the spectacular meltdown of global financial institutions such as Lehman Brothers and even AIA (almost). This programme will enable participants to:

Establish A Risk-Based Approach To The Decision Making Process

Understand The Purpose Of Internal Controls

Identify Incidents Of Fraud Or Error

Be Equipped With Basic Skills Of How To Conduct And Audit Or Forensics Investigation And Know What To Look For

How Will You Benefit

Key learning areas covered during this course include:

• Understanding risk and uncertainty
• Identify the different types of risks
• What is risk management and risk profiling
• Risk assessment & mitigation – the need to be compliant and commercial
• Understanding types of errors and their effects
• Measuring risk, probability & outcomes
• Understanding the audit function and the importance of evidence
• Learn how to conduct basic audits
• Understand why documentation is important
• Know who is responsible and therefore accountable? Establishing a hierarchy of responsibility and accountability.

Who Should Attend

Department Heads, Managers, & Executives from Consumer/Corporate Credit (Sales, Initiation, Structuring), Documentation, Customer Relationship, Legal, Loan Recovery departments

Methodology

This stimulating program will include Q&As, group activities (games) and discussions as part of a comprehensive experiential learning experience.

Module