Finance for non-finance managers

Finance for Non-finance Managers (Applied)

BACKGROUND

In today’s business environment, non-finance managers and executives are required to manage budgets and costs. This course aims to provide participants with a basic understanding of financial theories and concepts including the implications of those principles in a financial environment. With this knowledge and skills set, it will enable the participants to better appreciate their organisation’s financial issues and how their decisions will affect the organisation’s financial performance. This is applied course where the participants will experience a scenario based case study.

TARGET AUDIENCE

Suitable for managers and executives with little or no knowledge of accounting and finance. It aims to introduce the basic financial concepts and help participants to appreciate the importance of financial reports. Also to apply what they have learned and is able to prepare a simple full set of accounts.

Participants can further attend the course on “Understanding Financial Statements for Non-finance Managers” to learn and analyse financial ratios and how to use ratios to interpret financial statements.

LEARNING OBJECTIVES

At the end of the course, the participant is able to

Understand basic accounting principles and concepts
Differentiate between cash and profit
Understand the difference between over trading and over capitalization
Understand the users of financial statements
Read financial statements
Prepare simple budgets
Understand variances
Understand quality and quantity performance measurement

PROGRAMME OUTLINE

The course will cover short lectures and discussions for the following topics:

Accounting principles and concepts

Learn the basic financial concepts such as Accounting Equation, Objectivity, Going concern, Dual Aspect Principle, Materiality, Prudence concept, Matching / Accruals concept and more