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In today’s business world in which corporate governance is playing an increasingly important role, financial awareness for Managers is no longer an option, but a necessity.
This course has been specially designed for managers who do not possess financial training and background but whose responsibilities involve and include the following: |
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Managing business operations |
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Performing decision making |
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Having accountability for the profitability of the business, sales growth, etc. |
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Managing credit review, project planning, budgeting and forecasting |
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Negotiation with Suppliers, Banks, Customers, Debtors, etc. |
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Negotiation with senior management to obtain approval on budgets, projects, etc. |
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Participants will develop the following 8 key financial and cashflow management skills: |
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Business Strength and Weakness Analysis – Conduct practical business and financial analysis |
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Analyze Business Performance – Interpretation of financial reports which include profit and loss, balance sheet, cashflow, budgets, forecast, debtors ageing reports, etc. - what you should look for, what the direct and indirect costs are. |
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Business Finance Interpretation Techniques – Interpret effectively on business performance - its strengths/weaknesses |
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Identify Business Practices/Policies and Implications – Discuss and implement strategies to improve business cashf low |
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Sales Role in Credit Management – How to manage customers and identify and interpret client’s credit-worthiness and set debts collection targets to reduce and avoid bad debts; and debts financing strategies planning |
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Business Breakeven Interpretation – How to prepare and manage product pricing and identify business profitability line. |
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Business Investment Appraisal – How to use financial tools on business investments and projects. |
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Non-Financial Manager’s Role in Budgetary Planning – How to prepare a budget and business plan and how to make effective justification for budget |
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Develop practical financial and cashflow management skills and to communicate effectively with all levels of the organization |
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Implement effective management policies to increase performance. |
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Understand company’s financial policies for better performance. |
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Understand financial implications of business transactions and orders relating to costs, overheads, pricing, gross margins, billings, terms of payments, discounts, delayed payments, bad debts, customers’ complaints, goods returns, etc. |
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Reduce debtor financing and increase profits by… % |
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Increase company cashflow and competitive business position |
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Develop non-financial managers to resolve and/or assist with financial related problems |
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Enable good understanding of company’s growth productivity, profitability and performance |
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Learning from real company’s case studies and learning from problems identification and solving sessions. |
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