Finance for Non - Finance Personnel - Getting to Know the Language of Business

Finance for Non-Finance Personnel - Getting to Know the Language of Business

Introduction

The Program introduces the Language of Business as a way to understand the story of how a company is doing financially. Enables the understanding, reading and interpretation of the financial reports. Becomes the enabler for learning how ratio analysis can help in financial health-check of business. Introduces the role of Auditors and how Auditors' Report lends credence to the Financial Statements and provides an insight into the relationship between Financial Reports, Budget and Taxation.

Outcome

At the end of this program, participants will be able to:

- Understand the importance of Financial Literacy for personal and business purposes.
- Use financial terms and analysis techniques to assess the financial performance of company.
- Communicate better with team members and Finance with aligned KPIs (Key Performance Indicators) .
- Evaluate the financial numbers to the best advantage to make more informed decisions.
- Understand the importance of compliance to Malaysias Financial Reporting Standards ("MFRS"), International Financial Reporting Standards ("IFRS") and Companies Act 2016 to obtain unqualified audit opinion.
- Understand the health condition of their company with hands-on experience on the "real numbers".

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No	Topic	Topic Description
1	Financial Literacy - Why the Need to Know the Language of Business	- Understand the relationship between Strategic Thinking and Financial Acumen in Business - Understanding the relevance of finance to non-finance departments in the organisation
2	Getting to Know the Language of Business - Accounting Process, Accounting Principles and Accounting Equation	- Overview of the fundamental Accounting Process and Accounting Principle - Understanding the Accounting Equation
3	Financial Statements	- Learn the components of Financial Statements - Preparation of Financial Statements using Simplified Accounting Process - Relationship between Financial Statements
4	Notes to Financial Statements	- Importance of notes to Financial Statements to be read together with Financial Statements
5	Auditors' Report	- Statutory requirement under Companies Act 2016 - Types of Audit Report
6	Financial Statement Analysis	- Introduction to Liquidity, Efficiency & Profitability Ratios - Using Financial ratio analysis within & across Industries to understand the health of company
7	Importance of Financial Statement to Stakeholders	- Understand the usefulness of different Financial Statement to different Stakeholders
8	Relationship between Financial Statements, Budget and Taxation	- Gain an insight into how business budget can assist in the assessment of the business health of the company and the impact on taxation

Expert

Alice Yeap

Alice brings with her a wealth of experience gained over 28 years in the corporate world. A qualified accountant, she started out as an auditor before venturing into finance and corporate restructuring in her early career. For the last 15 years, she specialized in strategic planning, business negotiation, and feasibility studies, designed & developed business proposals & presentations, and driving business performances.What makes her stand out as a Trainer is that she is able to bring alive the sharing of her vast experience and skills through compelling and engaging storytelling, connecting knowledge and application in simple effective ways. Her experiences as an auditor and accountant provided a strong foundation for her many "1st" achievements, amongst which were 1st Private Fund Initiative (PFI) Contract for Government offices, 1st foreign branch campus, Heriot-Watt University in Putrajaya, 1st IBA tax incentive for non-operator-owner building and pioneering the Balanced ScoreCard and KPI framework.Being a resilient person opened up opportunities for her to work with Government Departments & Agencies, MNCs, PLCs, and GLCs, focusing on negotiation and business strategies plus designing & developing annual CEO Townhall deliveries.She was instrumental in the setting up of the financial accounting system for property development and leading the team in Sukuk Financing. She developed analytical & financial feasibility studies for PFI projects, real estate, and energy industries.Alice is a Certified Professional Trainer (IPMA, UK) and HRDF Trainer.