INTRODUCTION FOR FINANCE MANAGEMENT ESSENTIALS
The financial management module exposed users to basic aspects of financial management to further develop the skills and confidence to manage the aspects of finance.
By acquiring this skills, this will enable them to formulate finance strategy to contribute effectively to the organization performance. This programme will highlight methods used by finance function which are relevant today for management decision making.
Who should attend: All professionals with financial responsibility or seeking new knowledge on adding value to the organisation financial position.
COURSE OBJECTIVES
On completion of the programme, participants will be able to: –
- Implement efficient working capital controls and management.
- Monitor the success of projects, strategies and even total businesses through efficient cost control.
- Be more confident in decision making and dealing with accountants and other specialists.
- Analyse the financial performance of the company and compare it with that of competitors.
- Understand the significance of cash flow and working capital management.
COURSE CONTENT
Introduction to Finance Basics
- Why are accounts needed?
- Key conventions and rules
- Analysing the key financial statements-Profit & Loss and Balance Sheet
- Understand the golden rule of financial management
Fundamental analysis of financial performance
- Ratio analysis
- Competitor analysis
- Benchmarking
Analysing the cost structure
- Different types of cost – fixed, variable
- Marginal costing
- Absorption costing
- Understand basic activity-based costing analysis.
Cash flow and working capital management
- Understand the cash flow cycle and how it relates to the organisation.
- Apply efficient working capital control to organisations
- Apply basic interpretation of cash flow statement to understand whether organisation is able to generate cash flow effectively.
- Understand the measures of solvency (finance analysts perspective)
- Understand basic capital investment decision making tools.
Funding growth
- Understand basic capital structure of the company.
- Sources of additional funds (Internal versus external sources)