HRD Corp Programme Number : 1000145856

If you are looking for Physical Face to Face training for "Finance for Non Finance Managers" programme, please CLICK HERE

INTRODUCTION 

Good news, you have been promoted to manager. Are you ready to move higher up the corporate ladder? Do you know that your contribution to the bottom line of your organisation decide whether you could move higher? Do you keep quiet during the Management Meeting as you do not understand the Financial Statements presented during the meeting? Are you keen to know how to read the Financial Statements, deciding the pricing of your products and using Budget as your planning and control tools? Get all these questions solved by attending the Finance for Non Finance Managers training.

As Entrepreneur, can you leverage on your management to run the company and still control the company? Join us to find out more so that you can spent your time spending money while your management making money for you.

In this "Finance for Non Finance Managers" remote online training, participants will learn to understand how to read Financial Statements and utilize some Management Accounting Tools to increase their financial knowledge and skills. This highly hands-on and practical mock business will help participants to manage their day to day operations, planning and decision making process.

Click HERE to Download "Finance for Non Finance Managers" Brochure and Registration Form

Training Dates :
30th - 31st December 2024

 

 

LEARNING OUTCOMES

By the end of the "Finance for Non Finance Managers" online webinar training, participants will be able to:

• • Improve their accounting and financial literacy & vocabulary
    
  •  Comprehend the basics concept of accounting and how business transactions are captured
  • Assist in  budgeting process and using budget as a planning and control tool
  • Begin to managing cost better and decide on pricing decision especially during resources constraint situation
  • Detect early warning signs of possible projects or business failure
  • Grasp useful Financial & Management Accounting Tools and techniques required for effective decision making.

WHO SHOULD ATTEND

All savvy managers and executives in functions like :

• • Sales & Marketing
  • Technical and Engineering
  • Human Resources (HR)
  • Production and Planning
  • Research & Development (R&D)
  • Purchasing & Procurement
  • Warehouse and Logistics
  • General Managers
  • Director
  • Entrepreneurs

• Anyone who is determined to be successful in his / her career

METHODOLODY

This "Finance for Non Finance Managers" remote online training will be conducted using zoom (participants need to have laptop / desktop with audio and video facilities).  It will be a combination of expert input, interactive practical exercises,  group discussions, exercise worksheets, presentations and video.

FACILITATOR
Mr. Tan Chee Wan
PSMB Train-The-Trainer certificate no: TTT/6518
Qualifications:
Fellows Member of Chartered Management Accountant - FCMA (UK)
Chartered Accountant (Malaysia) - CA (M’sia)
Chartered Global Management Accountant - CGMA
Competent Toastmaster - CTM

Click HERE to download Tan Chee Wan profile in PDF format

Tan Chee Wan (CW Tan) is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Chee Wan is also a duly certified Competent Toastmaster of Toastmaster International.

Chee Wan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies.  He started his career in Finance as an Auditor.  In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM's listing submission.  In December 2005, Chee wan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager / Director and retired in March 2012 to form Wanfah Prosper Training & Consultancy.

As a pioneer CIMA Membership Assessor from Malaysia, Chee Wan is actively involved in giving talks and doing workshops for potential members who wanted to apply for CIMA membership locally as well as overseas such as Singapore, Sri Lanka, India, Pakistan and Vietnam.  He has conducted in house training as well as public training programmes on Finance, Accounting and Taxation both locally as well as oversea.  With the expansion of more oversea Membership Assessors, Chee Wan has been mentoring new Assessors in Malaysia as well as in China.

After started his own business, Chee Wan has been keeping up to date of the current technology.  Among some of the achievement are created his own business websites, developed mobile apps and ventured into E-commerce.

All in, Chee Wan has more than twenty-five years of hands-on-experience in different areas of management and functions in diverse industries such as in auditing, printing, construction, manufacturing, consultancy, engineering and trading.  Other than Finance, Accounting, Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include general management, business development, business strategic planning, performance improvement, quality assurance, human resource management, information technology and management, budgeting and strategic cost management.

Chee Wan has attended the Train The Trainer training conducted by PSMB and is a certified trainer under PSMB (Certificate No. TTT/6518).  Chee Wan is also a Certified GST Consultant / Trainer having completed the Royal Malaysian Customs Department GST training and passed its examination.

PROGRAMME OUTLINE

DAY 1

MODULE 1 : SPEAKING ACCOUNTING

• • Understanding what is accounting and why accounting
  • Know the objective of a business / Organisation
  • The purpose of Financial Reports

MODULE 2 : TYPES OF ACCOUNTS

• What are the Fundamental Accounting Concept and assumptions used in preparing Accounting Records and why these are being used?
• Differentiate between Assets, Liabilities, Expenses, Income and Equity
• Understanding the Accounting Equation of Assets = Liabilities + Equity
• Differentiate between OPEX and CAPEX

MODULE 3 : READING FINANCIALS

• Introduction to the various Financial Statements and their uses
• Tools use in Financial Statement Analysis
  • Vertical Analysis
  • Horizontal Analysis (Trend Analysis)
  • Ratios Analysis – operational ratios, financial ratios and valuation ratios
• Statement of cash flows
  • The difference between Profit and Cash and why the saying “Cash is King”
  • How to analyse the statement of cash flows

DAY 2

MODULE 3 : READING FINANCIALS (continue)

• Different between Publish Accounts and Management Accounts
• Causes, Trigger and Early Warning of Financial Distress
• What are the Limitations of Ratio Analysis

MODULE 4 : COSTING DECISION

• What is Cost?
• Cost Behaviour
• How to differentiate between direct and indirect cost?
• Differentiate the controllable and uncontrollable cost
• Cost – Volume – Profit Analysis
  • Learning the Contribution formula and thus working with the Break–even Point analysis
  • How to decide on the Pricing?

MODULE 5 : BUILDING BUDGET

• Types of budgets
• Differentiate the various types of budgets – Incremental, Zero-based and Rolling

MODULE 6 : BUDGET EXERCISE

MODULE 7 : BUDGETING AS A PLANNING AND CONTROL TOOL

• Using the budget to control the business and what are the limitation factors.
• Understanding the Budgeting process and its coordination
• How to forecasting sales revenues and expenses and building up the budgets numbers
• When to adjust the budget to reality

MODULE 8 : INVESTMENT APPRAISAL

Understand the basic investment appraisals - Payback Period, Return On Investment (ROI), Net Present Value (NPV) and Internal Rate of Return (IRR) for better decisions making

Download our Course Content in pdf format from HERE

Comments from past participants :

"The content and the presentation by the speaker in this Finance for Non Finance Managers training are very clear and easy to understand" - Syakirah Binti Abdul Rahim, Account Admin, Pioneer Premium Sdn. Bhd.

 

 

 "Trainer carefully explained terms which could be new to some participants with some examples based on trainer's personal experience.  Good exposure to have basic and general understanding of finance and possibly to grow and enhance further as finance, after all, directly and indirectly influence us all" - Mr. Chin Kok Her, General Manager, Hoon Lir Sdn. Bhd.

 

 

 

"What I like most about the training is the interaction and knowledge sharing. The trainer will get everyone to involve like brainstorming session. Mr Tan is very knowledgeable and share a lot of his experiences which we can relate to our works too." - Ms Pun Phooi See, Collections Specialist, Infor (Malaysia) Sdn. Bhd.

 

 

" Help me understand how a business should be run / analyse in another way" - Ms Lim Pei Ching, Business Development Manager, Southeast Asia Marketing Office, Eppendort Asia Pacific Sdn. Bhd.

 

 

"Very Experience, well explained, professionally presented and very patient in re-explanation on things which was not understand by the participants of this Finance for Non Finance Managers training." - En. Abdul Kadir Bin Bidin, Executive Director - PTIS Engineering Sdn. Bhd

 

 

"I was unsure of the subject of financial management before attending this course. However, after going through it I found it very suitable and applicable to my business. I feel so much more confident on this topic after attending this Finance for Non Finance Managers course. Mr. Tan made things very easy for us to understand." - Ms. Ivy Soo, Manager - Cherub Rubs Organics.

 

 

"I can now use ratios to evaluate the Financial Accounts more confidently. Mr. Tan has substantial knowledge on the course and share real life experience in various industries." - Sarah Atan, Accounts Department - Talisman Malaysia Limited

 

"Although I am not from the financial background and Mr. Tan used such an easy to understand way to help me understand a lot of financial related info. Mr. Tan is very knowledgeable and provides clear explanations. Good job! Thanks." -YY Ong - Lotte Chemical Titan

"Annual Reports made more sense now.” – Rohaiza Bt Mohamed Razali, General Manager - Pelaburan Hartanah Berhad

 

Course Fees & Registration

FEE PAYABLE PER PARTICIPANT FOR ONLINE WEBINAR :

Normal Price                                          : RM1,699

Early Bird (15 days before event)       : RM1,400

Group Fee (>2 participants)                : RM1,259

Fee includes course materials and Certificate of Attendance (upon completion of the training).

Download our Brochure and Registration form Here and sent it to us by

Email : sales@wanfahprosper.com

WhatsApp : +60162634929

CANCELLATION / TRANSFER

Upon registering, participant(s) are considered successfully enrolled in the event.  Written cancellations / transfer notice (substitution or to later dates) received :

• • More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
  • Ten (10) working days or less before the event, no refund will be made.

• • For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
• A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.

Payment

Please make cheque payable / direct credit to : WANFAH PROSPER PLT

Accounts Number : 3812930508

Bank : Public Islamic Bank Berhad

DATA PROTECTION

Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709)