Business Finance for Non-Financial Managers

By the end of this course, participants will be able to:

1. Understand financial terms and “jargons” and work effectively with their Chief Financial Officer/Financial Controller and their finance team

 

2. Accomplish important business tasks as follows:
• Read annual reports
• Understand financial statements- balance sheets, profit and loss, and cash flow
• Measure the liquidity of a business
• Differentiate between regular income and extraordinary items
• Understand why companies go bankrupt
• Do a break-even analysis
• Figure out return on investment
• Compute the cost of capital
• Put together a business plan
• Decide whether your business should be a sole proprietorship, partnership or a private limited company
• Manage foreign currency exposure
• Value a business
• Understand financial reports versus management reports
• Understand exception reports
• Prepare a budget
• Understand budgets and forecasts
• Manage internal controls


3. Understand the types of manufacturing cost:
   • Process costing
   • Direct and indirect costing
   • Activity costing
   • Cost allocation
   
   
4. Understand the financial side of an investment appraisal, return on investment, and the requirements of a profit center and/or a cost center


5. Understand capital expenditure, capex planning and capex management


6. Understand the financial implications of the
• Business transactions
• Orders and Sales
• Transfer of Titles
• INCOTERMS

ITINERARY OF THE 2 DAY PROGRAMME

Day 1

1. What is practical business finance skills all about?


2. The manager’s role in regards to Finance
• Decision making
• Operational profits and costs management
• Meeting the budgets
• Operating expense budgets
• Cost control


3. How to measure department performance with the company goals and performance


4. What are GAAP and financial reporting standards


5. Business planning and resource utilization
• Business planning and budgeting process
• Departmental planning model
• How to calculate the financial ratios


6. Business financial statements
• How to read and analyze the balance sheet, profit and loss, cash flow
• How to read and understand financial ratios
• How to compute the value of your company or business


7. Business financial performance analysis
• How to evaluate the business performance?
• How over-trading affects the business performance?
• Exercises and case studies


8. Business cash flow management
• Understanding the meaning of cash flow and its source and application.
• How to prepare periodic operational cash flow
• Understanding on sources of capital


9. Case studies from participants
• Opportunities for participants to present their own case studies and learn how to manage their problem solving skills.

Day 2

1. Business finance and credit control
• Financing and working capital
• Effective debt collection methods
• Importance of working capital


2. Business break-even analysis
• Managing profitability with break-even analysis
• Cost volume for decision making


3. Business investment appraisal
• Returns on capital investments
• Investment appraisal methods
• IRR
• Payback period
• NPV


4. Business budgetary planning and control
• Budget preparation
• What are non-recurring and extra ordinary expenses?
• Budget, flexi budget or forecast and variances analysis


5. Effective internal controls and the Sarbanes Oxley Act
• What are internal controls and how to have a good internal control policy
• What is the Sarbanes Oxley Act and how it can contribute to your business

CASE STUDIES and PRACTICE

Throughout the course, participants will be given exercises and case studies to sharpen and improve their financial and communications skills. Participants are required to bring along their calculators for the exercises.

*Entrepreneurs, Business Professionals, Non-Financial Professionals, Heads of Department, Managers, Sales and Marketing Personnel, Executives and those who are interested in developing practical business financial management skills. This course is meant for those who already have some basic level of accounting knowledge.

Anthony (Mark) Wong

Anthony (Mark) Wong is a Certified Public Accountant of Singapore since 1984.

He has worked in senior management positions such as Deputy Managing Director, Finance Director and Regional Financial Controller for the Asia Pacific region with Multi-national companies in Singapore particularly in the Electronics and Manufacturing industries.

He was the Regional Financial Controller for the Asia Pacific Region with Motorola in Singapore for eight years.

Anthony has extensive experience in Maximizing Shareholder Value, Streamlining the business, Risk Management and Business start-ups. Being the best in class in Financial Strategy, Investment Management, Treasury Management, Financial Operations and Performance Management has given him additional leverage in his career.

He is a Business, Career and LIFE Coach and provides coaching to Business owners, Entrepreneurs, CEOs and Corporate executives. He manages his own company, Success Coaching and Consultancy Pte Ltd and is also the CEO of M I E Destiny Vibrations Creation Pte Ltd in Singapore.

Anthony is also a Business and Financial Consultant to Small and Medium Enterprises and has lectured on Finance and Accounting for Singapore Accountants Academy, Nanyang Polytechnic, University of Southern Queensland, Curtin University and La Trobe University.

He has conducted workshops on finance, accounting and management accounting; and Letter of credit and credit management for MNCs which includes clients such as Singtel and Nagase in Singapore.

He also conducts workshops in Malaysia under the Asia Pacific Institute for Management Development since 2004.

Companies include:

• Bank Negara
• The Central Bank of Philippines (from Philippines)
• Dunlop Malaysia
• Exxon-Mobil Malaysia
• SBB Mutual Berhad
• International Islamic College
• Hotel Armada of Petaling Jaya
• The Golf Club, Datai Bay
• Goodyear Rubber Industries Sdn Bhd
• TNT Malaysia
• CEOs and businessmen.

He holds an Associated Certified Meta-Coach (ACMC) certification from the International Society of Neuro-Semantics (ISNS) and Certified Master Coach from Behavioral Coaching Institute, Australia.

Anthony is a member of the Association of Chartered Certified Accountants (U.K.) and holds a MBA from the distinguished Cranfield School of Management, United Kingdom.

He also holds an Advanced Postgraduate Diploma in Management Consultancy from the distinguished Henley Management College in United Kingdom. He has a Diploma in Business Law from the National University of Singapore.

He is also an Energy Facilitator and Teacher on The EMF Balancing Technique® Phase I to IV. This is the energy system designed to work with the Universal Calibration Lattic®, a system in the human energy anatomy. This supports his Stress Management and Emotions Release Programmes conducted for Managers and Executives. He is also a Certified Master Hypnosis and Hypnotherapist.