Reading, Analysing and Interpretation of Financial Statements

OVERVIEW

Accounting & Finance has always been recognized as a very key function in any organization and to all stakeholders. Understanding the financial information reported in the financial statement generated from the accounting records can help managers to make a more informed and effective decisions to increase their organizational performance. Hence knowing how to read, analyze, interpret and understand the various accounting & financial terms and language is inseparable from the day to day management of business performances.

OBJECTIVES

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

  • Achieve an understanding of the various financial terms used in the Financial Statements.
  • Able to comprehend Financial Statements with confident.
  • Understand, calculate and applying the various accounting and cash flow ratios for better decision making.
  • Calculate and understand what is present and future value of money, pay back period and IRR
  • COURSE METHODOLOGY

    • Course notes and lectures.
    • Participative and active, group discussions and hands on exercises.

    WHO SHOULD ATTEND?

    • Directors, Company Secretaries, Managers, Executives and those who wish to develop their understanding on financial analysis
    • Sales Managers, Procurement Managers and executives who has to evaluate the financial stability of the customers and suppliers.
    • Non-Accounting managers and executives who need to grasp the managerial aspects of accounting & finance for corporate effectiveness.

    COURSE OUTLINE

    Module Content
    Module 1 Overview

  • Introduction of Accounting, finance and financial management.
  • The role and need of accounting in business
  • Difference between Financial Accounting and Management Accounting
  • Accounting Standards
  • Accounting Equations
  • Accounting linkage to Business Strategies
  • Module 2 Understand and comprehend the financial statements and its components in

  • Manufacturing Account
  • Profit and Loss Account – Statement of comprehensive income
  • Balance Sheet – statement of financial position
  • Cash Flow Statement – Cash flow movements
  • Change in Equity Statement – Equity movements
  • Auditors report and Notes to the accounts
  • Working Capital Management / Cash Cycle
  • Understanding of invoices under the current GST regime.
  • Module 3 Analyze, understand and interpret the financial statement using trend and ratios, and its indication on the health of the organization. Horizontal and vertical analysis includes

  • Trending
  • Profitability
  • Liquidity & Gearing
  • Efficiencies
  • Bankruptcy / Z score
  • Cash flow sufficiency and efficiency (Cash Ratios)
  • Quick Cash raiser areas
  • Module 4 Investment / capital expenditure evaluations

  • Present and Future value of money
  • DCF / NPV / Internal Rate of Return
  • Payback period
  • Module 5 Company / Share Valuation and Goodwill Creation

  • NTA basis
  • PE Ratio and earnings multiples
  • Super profit and Goodwill calculation
  • TRAINER’S PROFILE

    Tan Kok Tee has over 40 years of experience in financial, strategic and general management. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of this time are spend in the Manufacturing Marketing & Distribution and services organization, including those with the then Inchcape Timuran Berhad, Metroplex Berhad, Perdana Industries Berhad.

    He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries, holds a MBA in Finance from Charles Sturt University, Australia and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

    He is also a Certified Trainer with PMSB’s Train The Trainer Certificate since 2009 and a life member with the Malaysian Institute of Directors.

    Kok Tee has been involved in training and facilitation since beginning 2009. To-date he had conducted about 300 training workshops, of which more about 200 are on GST including GST Accounting for both in-house as well as public, including for Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, Selangor state Human Resource Development Centre, Negeri Sembilan state Skills Development Centre, NGOs, political party as well as on behalf of various other training providers.

    He also developed delivered an Entrepreneurship program (training) specially for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014. He was also an assessor for the UTAR’s NGO strategic planning program and an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.

    COURSE FEES

    Early bird fee: RM901 per person - Register by 14 October 2019

    Normal fee: RM1,007 per person – SBL claimable (Inclusive of lunch, tea breaks, notes, certificate of attendance and 6% SST)

    *Group discount of 10% available (for 3 or more participants from the same company)

    ORGANISER

    Malaysian Export Academy
    No. 86, Jalan BP 7/8,
    Bandar Bukit Puchong,
    47120 Puchong, Selangor.

    Tel : 03 8066 3107
    Fax: 03 8066 6152

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