Main Training Program

FINANCIAL MANAGEMENT FOR LEADERS

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INTRODUCTION FOR FINANCIAL MANAGEMENT FOR LEADERS

In today’s rapid volatile business conditions with intense competition, there is a need for all functional or business leaders to grasp, understand and apply fundamentals of financial management knowledge in respective areas or business units to be all rounded professional managers. Moving forward, most functional and business managers are expected are deemed ‘owners’ of the profit & loss numbers!  and able to steer the companies’ direction to minimize financial risks.

 

By acquiring such skills, it will enable them to better understand and contribute to cost savings initiatives to reduce the financial problems. This programme will highlight methods used by finance function which are relevant today for management decision support.

 

Who should attend: Professionals, Senior Managers, Managers, Assistant Managers and management trainees to enhance financial management acumen.

 

COURSE OBJECTIVES

On completion of the programme, participants will be able to:-

  1. Master the interpretation of financial statements
  2. Identify key financial concerns via financial reports. This requires analysis and evaluating key financial indicators in view to contribute towards improving organisation’s performance
  3. Equip oneself with knowledge in order to effectively manage a business organization.
  4. Understand the key financial reports for proposal of cost savings measures and financial management solutions.

 

COURSE CONTENT

The key content of the program include the following:

Financial Knowledge for Financial Management:

  • Financial Management key terminologies

Understanding financial statements

Understand and interpret financial key numbers in the financial statements: Profit & Loss, Cash Flow Statement, Balance Sheet at a glance

Managing profitability using Profit and Loss statement using

  1. a) Margin analysis
  2. b) Expense analysis

Evaluation business viability and feasibility through analysis of

  • Return of Investment (ROI), Gearing (leverage) & liquidity ratios

Learn the golden rule of financial management in any industry or business

  • Understand and apply working capital management techniques
  • Why rich companies remain cash rich?
  • Cash versus profit measures. Both areas are diferrent!

Understand the sources of value creation for leaders

  • Understand value generation and value destroying activities
  • Identify firm’s cost drivers for cost reduction.
  • Understand nature and behaviour of costs – fixed, variable and semi variable cost
  • Apply breakeven and contribution analysis in new products launch

Understand management financial reports for proposing key financial measures.

  • Understanding essentials of variance analysis & identify action plan to reduce the budget and forecast gap
  • Sample case study on financial interpretation and cost saving measures

Group presentation on findings and financial management solution measures.

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