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Course Date:
18 Jun 2020 to 20 Jun 2020
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Registration Period:
09 Jun 2020 to 10 Jun 2020
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Time:
08:00 AM to 08:00 AM
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Mode of Training:
Classroom
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Venue:
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Funding:
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In today’s economy, PMETs constantly encounter the need to understand, interpret and make sense of financial information in their daily work. Those not trained in Finance face difficulty to engage with their superiors to offer sound decisions and judgements of their operations or projects using financial analysis.
There is a need for non-Finance PMETs to learn and acquire skills in the basics of Finance in their work.
By the end of the course, participants will be able to:
- Appreciate basic accounting principles
- Explain the different types of financial reports;
- Interpret key Financial information
- Understand the limitation of financial reports
- Construct cash budget and pro-forma statement
- Apply time value of money concepts to evaluate different streams of cash flow
- Appreciate the capital budgeting process
- Apply common capital budgeting techniques to project evaluation
Important Note:
The course intake (SP-502961-230002) in Oct 2023 is only open to Sime Darby.
The course intake (SP-502961-230004) in Oct 2023 is only open to BreadTalk Group.
Day 1
1.Introduction, Course outline, Expectations and Takeaways
• Understanding the importance of financial statements.
2.Analysing & Tools for Preparing Financial Statements
• Understanding Double Entry Concepts
• Recording Transactions- Journals, Cash Book, General Ledger
• Understanding the differences of Income Statement & Balance Sheet and their roles.
3.Assumptions –Sources of information
• Understanding Relevant and achievable targets
• KPIs, Assessments relevant to company /industry
4.Understanding Financial Statements
• Accounting Terminology within Financial Statements
• Contents of Income Statements, Balance Sheet & Cash Flow
• Understanding Income, Balance Sheet (Assets, Liabilities & Equity)
• Understanding Cash Flows (Operating, Investing & Financing)
5.Analysing & Interpreting Financial Statements
• Understanding Vertical Analysis
• Understanding Ratios (Performance, Liquidity & Leverage)
6.Limitations of Financial statements
• Understanding the pitfalls of over relying on financial statements
• Understanding the limitations of Ratios
Day 2
7.Planning & Budgeting
• Understand the Financial Planning Process
• Understand and apply Cash Planning concepts to prepare Cash Budget
• Understand and apply Profit Planning concepts to prepare Pro-forma Statement
8.Capital Budgeting & Investment Analysis
• Understand and apply time value of money concepts to evaluate different streams of cash flow
• Describe the characteristics of capital expenditure
• Describe the capital budgeting process
• Understand and apply the following capital budgeting techniques:
o Payback period
o Net present value
o Internal rate of return