Overview

Financial analysis skills are crucial for professionals. Major business decisions require good comprehension and analysis of accounting concepts and financial statements. This 2-day practical skills workshop aims to equip non-accounting / finance professionals with the knowledge, skills and tools required to understand finance concepts and analyze financial statements. A practical “business-critical” approach using real case studies will be used throughout the workshops.

Duration

2 Days

Who Should Attend

Directors, general managers, head of departments, branch or divisional managers, executives, engineers, and technical specialist who need to make critical Business and Managerial decisions based on practical understanding and analysis of company financial statements.

Objectives

By the end of the session, you would be able to:

  • Read and clearly understand financial statements.
  • Demonstrate the fundamental accounting concepts.
  • Identify the major accounting issues.
  • Calculate critical financial ratios.
  • Develop an analytical mind in analyzing financial reports.
  • Demonstrate the credit risk of your customers and debtors.
  • Display a company’s financial position and how is its business, performance compares with others in the same industry.
  • Identify the structure and major elements in audited financial statements.
  • Recognize how ‘creative accounting’ is used in manipulating profits.
  • Detect signs of financial distress and decision making.
  • Construct a realistic budget plan.

Course Outlines

From Business Plan to Financial Plan

  • All financial objectives are derived from a business plan:
  • Phase 1: From Vision to Financial Success.
  • Phase 2: From Financial Success to Financial Growth.

Corporate Structure of a Business

  • The purposes and benefits of setting up a Limited Liability Corporation
  • The roles & responsibilities of shareholders, board of directors, managing director
  • What is Memorandum and Articles of Association?
  • The internal and external auditors and their roles and responsibilities
  • and Corporate Governance: the roles & responsibilities of directors & auditors.

Fundamental Accounting Concepts Explained

  • What is financial accounting all about?
  • The Accounting Equation – the basis of financial accounting
  • the preparation of financial accounts in accordance with accounting conventions
  • An overview of the complete financial accounting process.

How to Read Financial Statements

  • Understand the typical structure and major elements in audited financial statements:
  • Balance Sheet
  • Income Statements
  • Cash Flow Statements

Major Financial Ratios and Detecting Signs of Financial Distress

  • Computation of key accounting ratios
  • Analysis and interpretation of the accounting ratios
  • Identification of the key areas of financial concerns and decision making.

Investors Relation

  • Realize how to raise fund through rights issue or debt issue
  • Capitalization of profits through bonus shares; and sharing of profits through dividends.

Challenges of Creative Accounting

  • Major accounting issues and creative accounting in manipulating profits with real case studies:
    • Revenue recognition.
    • Capitalized expenses.
    • Inventory and costs of sales adjustments.
    • Creating false records.
    • Non-existent assets.
    • Misrepresentation of the actual sum of paid up capital.

Preparation of Financial Budgets

  • Fundamentals in the preparation of financial budgets, and the comparisons between budgets and actual financial results.

Inhouse Training Framework - ADDIE Model

In GIN, we will work with you to modify courses or develop one to meet the specific requirements of your business. To assure your investment on training is not wasted and to maximize the value of the in-house program, we apply the ADDIE model – a dynamic, flexible guideline for building effective training and performance support tools. You may learn more about ADDIE model here.

Contact Us for Quotation

Contact us now for training at the Venue and Date of your choice throughout Malaysia and Internationally. Do let us know what is your expectation, number of participants, participants' profile and your preferred date and venue.