Finance for Non-Finance Managers
Details
SkillsFuture Course - Finance for Non-Finance Managers
Finance for Non-Finance Managers is a one‐day public workshop which aim to provide an overview of the financial knowledge and essentials to assist the line-managers and executives in their daily activities. It is essential to equipping managers with the skill
to better manage and control operations.
During the workshop, financials are critically examined, and the approaches to solutions are identified and framed for discussions. Issues are crystallized for purposes of application exercises and group discussions.
This 1 day Finance for Non-Finance Managers workshop will cover:
- Understanding and Applying Key Financial Terms
- Understand the various types of financial reports
- Able to differentiate between cash and accrual accounting
- Identify and analyse important data for decision making
- Read and interpret annual reports
- Understand budgets and how it been prepared
- How to deal with financial situations that impact your work and life
Outline
Module 1: Course Overview
- Introduction
- Establish Expectations
- Learning Objectives
Module 2: Introduction to Finance
- Meaning of Finance
- Finance three-cycle process
- Recording Financial Transactions
- General Accepted Accounting Principle (GAAP)
- Your role in finance of your organisation
- How can you improve your organisation’s finances
Module 3: The Accounting Cycle
- Underlying Principles
- Overview of the Accounting Cycle
- Method of Recording Transactions
- Accounting Periods
Module 4: The Financial Statements
- The Income Statement
- The Balance Sheet
- The Cash Flow Statement
- Statement of Retained Earnings
Module 5: Chart of Accounts
- Understanding the Chart of Accounts
- Single vs Double Entry Accounting
Module 6: Review of Financial Terms
- Assets
- Liabilities
- Revenue
- Expenses
Module 7: Understanding Debits and Credits
- What is Debits and Credits
Module 8: Financial Analysis
- Identify the relevant data
- Analysing the data
- Using Ratios for Decision Making
Module 9: Identify High and Low risk companies
- Low-Risk Corporations
- High-Risk Corporations
Module 10: Budgeting and Strategic Plan
- Defining a Budget
- The Budgeting Process
- Different between budget, forecast and actual
- Effective Budget and Financial Management toolkits
Module 11: Transfer of Financial Knowledge to Workplace
- Learning Review
- Personal Action Plan
Speaker/s
Gary Chan is a Chartered Accountant (ACCA, UK) and a member of the Institute of Singapore Chartered Accountants (ISCA). He has a MBA in International Business from Henley University (UK) and a Master degree in Strategic Marketing (Ireland). He is an ACTA certified trainer.
Gary has more than 20 years in business and financial management responsibilities in multinationals and local SMEs and more than 10 years’ experience of teaching/training/consulting in financial, business management & development, sales and marketing and leadership.
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