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Overview
Accounting, often know as the "language of business," is essential for improving financial literacy and fostering business acumen. Managers and business owners must grasp key financial principles to make informed decisions. Understanding accounting is foundational for effective business management, enabling professionals across departments to utilize financial data for optimal decision-making. Our two-day finance program for non-finance professionals simplifies accounting concepts through real-life case studies, empowering participants to interpret financial statements accurately and enhance their business decision-making skills.
Why You Should Attend:
Gain Essential Skills: Understanding accounting is fundamental for any manager or business owner. This course equips you with the necessary skills to comprehend financial statements, interpret key financial metrics, and apply them in real-world scenarios.
Enhance Decision-Making: By mastering financial literacy, you'll become better equipped to analyze data and make strategic decisions that drive business success. Whether you're in marketing, operations, or HR, financial acumen is a valuable asset that can elevate your performance.
Learn in a Practical Setting: We understand that complex financial concepts can be daunting. That's why our course utilizes real-life case studies and simplified language to make learning enjoyable and accessible for everyone, regardless of your prior knowledge of finance.
Empower Yourself Professionally: By investing in your financial education, you'll position yourself as a more valuable asset to your organization. Whether you're aiming for a promotion or seeking to advance your career, mastering financial literacy will set you apart from your peers.
Network and Collaborate: Our course provides a unique opportunity to connect with like-minded professionals from diverse backgrounds. Share insights, exchange ideas, and build valuable relationships that can support you throughout your career journey.
Who Should Attend:
This course is designed for non-finance professionals, department heads (HODs), managers, and executives working in functional areas other than accounting and finance.
Training Objectives:
Upon successful completion of this workshop, participants will be equipped to:
Gain a thorough understanding of accounting and financial principles, and their practical applications in business.
Develop a clear comprehension of the five elements of accounts and their structural role in composing financial statements.
Assess the financial implications of common business transactions.
Identify and categorize business transactions into their corresponding accounting elements accurately.
Master the skills to read, interpret, and analyze financial statements effectively, extracting meaningful narratives about a business.
Utilize and apply financial information to enhance business management practices and facilitate sound financial decision-making.
Training Outline Modules:
Module 1: Introduction to Business Acumen
Understanding the basics of business operations
Importance of financial literacy in decision-making
Overview of key financial concepts
Module 2: What story does A Balance Sheet tell?
Definition and components of a balance sheet
Interpreting assets, liabilities, and equity
Analyzing the financial position of a company through the balance sheet
Module 3: How to Read A Profit and Loss Statement
Explanation of a profit and loss statement (income statement)
Identifying revenue, expenses, and profitability
Evaluating performance and trends using the income statement
Module 4: Practical Activity – How Accounting Works in your Business
Hands-on activity to understand accounting processes
Recording transactions and preparing financial statements
Application of accounting principles in everyday business scenarios
Module 5: Understanding Cash Flow Statement: Is Cash the KING?
Overview of the cash flow statement
Importance of cash flow in business operations
Analyzing cash flow patterns and their implications
Module 6: Ratio Analysis that Determine the Financial Health of the Business
Introduction to financial ratios
Calculation and interpretation of key ratios (e.g., liquidity, solvency, profitability)
Using ratios to assess the financial health and performance of a business
Module 7: Understanding Basic Finance in Corporate Organizations
Overview of corporate finance principles
Role of finance in achieving organizational objectives
Understanding financial decision-making processes in corporations
Module 8: Budgeting as a Powerful Planning Tool
Importance of budgeting in business planning
Types of budgets and their functions (e.g., operating, capital, cash)
Practical budgeting techniques and implementation strategies
Trainer's Profile:
Suhaini Kasmuri (SK) boasts over 25 years of expertise in corporate accounting and finance. Formerly serving as the Chief Financial Officer at ACASIA Communications Sdn Bhd and Fiberail Sdn Bhd, he brings invaluable experience from his tenure with major ASEAN telecommunication service providers and Telekom Malaysia subsidiaries. Starting his career at DRB-Hicom Group, he has since become a certified HRDC trainer (TTT/24858) and holds accreditation since October 2022. A Chartered Accountant of the Malaysian Institute of Accountants, he holds an MBA from Asia E University Malaysia and a Bachelor's Degree in Accounting from University of Technology MARA Malaysia. With extensive experience as a business controller, he has been involved in various corporate exercises including mergers, acquisitions, due diligence reviews, and company restructuring.
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