[Online 6-Day] Finance for Entrepreneur Series
Course Information
  • 24-Nov-2020
  • Online
  • Winson Han
  • English
  • RM 1400 RM 1200
    Until 12 Nov 2020
  • 9:00am - 1:00pm
FINANCE FOR ENTREPRENEUR SERIES [6 Days, 3 Webinars]

Date : (i) 24-25 November 2020 (Tue-Wed), (ii) 7-8 December (Mon-Tue), (iii) 15-16 December 2020 (Tue-Wed)
Time : 9.00am - 1.00pm
Mode: Online/ Interactive

FEE:

Early Bird Offer (before 12 Nov 2020) - RM 1,200
Special Offer (before 21 Nov 2020) - RM 1,300
Normal Fee - RM1,400

- Fee includes Course Notes & Certificate of Completion

[ CPD 24 Hours For 3 Online Courses]

** DISCOUNT **
- SST2u Learner Card member - 15% discount


Webinar 1: FINANCIAL ANALYSIS AND METRICS

(A) INTRODUCTION
Managing a business is about evaluating financial performance and condition (position) especially that of the business itself. It is also about managing relationships whether it is that of the customers (credit purpose), suppliers (security and stability), investors (for a public listed company) and business associates (for investment), or as a borrower to secure facilities from the banks. As such, it is impertinent that appropriate financial metrics must be put in place to track, monitor, and review performance from time to time to ensure that appropriate actions are taken to achieve the targeted results expected.


(B) OBJECTIVES
• To identify and understand the structure and function of financial statements
• To understand the difference between cash flow, profit and net worth
• To use financial data in a Company’s financial statements and notes to evaluate its performance
• To use financial metrics to assess a company’s liquidity, profitability, management efficiency, cash flow and financial structure.
• To use Market Performance Ratios to determine the valuation and performance of a company’s shares.
• To better communicate in financial terms on the working of a company and its operations.

(C) TARGETED GROUP
• Business owners / Professionals
• Company directors / Company Secretaries
• Business / finance managers and executives
• Credit managers and executives
• Accounting personnel
• Anyone who has a need to evaluate the performance / position of a company

(D) DATE & VENUE
Date: 6-7 October 2020 (Tue-Wed)
Time: 9am - 1pm
Mode: Online / Webinar

[ CPD 8 Hours ]

(E) COURSE CONTENTS
[01] Structure and Contents of financial statements
• Income Statement – the 4 profit lines / impact of non-core revenue
• Balance Sheet – classification of assets and liabilities
• Cash Flow Statement – generation & usage of cash flow
• Notes to the Financial Statements – window into details

[02] Evaluating financial performance
• Value creation and Profitability
• Quality of Earnings
• Environment, product life cycle and corporate strategies

[03] Evaluating Financial Position & Cash Flow
• Working capital & it’s quality
• Liquidity and Solvency
• Usage of resources and its efficiency
• Cash flow generation and adequacy
• Operating, Investing & Financing activities

[04] Determining Business Valuation
• Value creation and P/E Ratio
• Earnings and Dividend Yield
• Asset valuation and NTA


Webinar 2: MANAGING COST AND IMPROVING PROFITABILITY

(A) INTRODUCTION
A company is profitable when its revenue exceeds its overall cost of its operations. Costs are economic resources used in production and sales of goods (or
service) and in the operations. Company must know how a cost is being determined whether it is material, labour or overheads. Any cost that is “wrongly” calculated will have serious and adverse impact on the profitability. As such, business owners and executives must acquire an understanding of cost concepts and classification, and the various apportionment and allocation methodologies that can be used in costing and pricing decision or in determining the profitability of its product, outlets, branches or that of the entire company.


(B) OBJECTIVES
• Know the importance of cost and costing in achieving business goals
• Understand cost concepts and behaviors; and impacts on costing and pricing.
• Know the difference between absorption and marginal costing.
• Use Cost Volume Profit model and Break-even analysis for decision making
• Understand the impact of activities on costs and what drive costs in an organization
• Use Activities Based Costing (ABC) to set the right price, sell the right product or service, serve the right markets and customers, to reduce costs rather than to cut costs and the right outsourcing
decision.
• Learn to use the right methodology for each decision making be it short or long term.

(C) TARGETED GROUP
• Business owners, Entrepreneurs and Professionals
• Operational managers and executives
• Accounts Managers and Executives
• Accountants and Finance Manager
• Directors, business owners and professionals
• Anyone who has a responsibility for profitability.

(D) DATE & VENUE
Date: 13-14 October 2020 (Tue-Wed)
Time: 9am - 1pm
Mode: Online / Webinar

[ CPD 8 Hours ]

(E) COURSE CONTENTS
[01] OVERVIEW OF COST AND COSTING
• Differentiating Financial Accounting and Managerial Accounting
• Defining cost and costing – objectives and importance
• Cost and purpose

[02] COST CONCEPTS AND TERMINALOGIES
• Cost Definitions and Concepts
• Understanding Cost Behavior – Fixed and Variable Costs
• Cost Allocation, Apportionment and Absorption

[03] COSTING FOR MANAGEMENT DECISION MAKING
• Marginal Costing vs Full Costing
• Break Even Point and Pricing
• Cost-Volume-Profit (CVP) Relationship
• Contribution Margin Analysis
• Period Cost vs. Product Cost
• Target Costing

[04] COST AND ACTIVITIES
• Traditional Costing Model vs ABC Model
• 2-Dimensional ABC – Process View and Cost Assignment View
• Cost drivers – linking Cost, Activities and Management
• Implementing ABC and its challenges


Webinar 3: CASH FLOW PLANNING AND MANAGEMENT

(A) INTRODUCTION
Managing cash flow is crucial whether it is during normal time or in a crisis. It is about planning, monitoring, and responding positively to events as they unfold. Cash flow planning is about forecasting the outcome in a 12-month period or more based on an assessment of the situation and making valid assumptions; and putting in place a set of realistic responses to achieve a desired outcome. It is also about having the right mindset and attitude, especially in a crisis.


(B) OBJECTIVES
• Know and understand the issues and impact of the crisis on the economy, supply chain, business, and employment,
• Learn to use cash flow as a key strategy to survive the financial crisis
• Know and understand the critical areas to focus and to craft appropriate cash flow strategies to response to the challenge.
• Acquire the right mindset and approach to survive the crisis.
• Learn to identify the key drivers of cash flow and use them to create cash flow; and/or to eliminate or reduce cash outflow.
• Learn to set up the relevant financial lever (driver) and use them to stimulate the various scenarios to determine the impact on the overall cash flow.
• Learn the skills and methodologies to plan and project cash flow through the preparation of a Business Continuity Plan comprising the Master Cash Budget and the relevant supporting budgets.

(C) TARGETED GROUP
• Accountants, Accounts Executives and Personnel
• Business and Operations Managers and Executives
• Business Owners / Company Directors
• Entrepreneurs and Professionals
• Anyone who is responsible for and/ or involved in managing cash and cash flow

(D) DATE & VENUE
Date: 20-21 October 2020 (Tue-Wed)
Time: 9am - 1pm
Mode: Online / Webinar

[ CPD 8 Hours ]

(E) COURSE CONTENTS
[01] An Overview of the Crisis
1. Impacts on economy, business, and employment
2. Economic forecast and surveys
3. Economic Stimulus and Financial Assistance

[02] Assessing the Viability of the Business
1. Business Nature and Model
2. Organization Structure
3. Integrity of Supply Chain
4. Sources of funding – Internal & External
5. Cost Structure

[03] Understanding Working Capital and Cash Flow
1. Working Capital and Liquidity
2. Funding Gap & Business Activity Cycle
3. Managing Inventory, Accounts Receivable and Payable
4. Role of Credit Control in Cash flow

[04] Cash Flow Planning, Projection & Preparation
1. An overview of budgeting
2. Situational Analysis
3. Validating Assumptions
4. Forecasting Cash Inflow and Cash Outflow

[05] Working on the Budgets
1. The Budgets
2. Opening balances
3. Doing up the Master Budget and supporting budgets
(A comprehensive case study on constructing the key and supporting budgets)

[06] Managing the Crisis and Turning It Around
1. Mindset and Attitude
2. Understanding Cost and Cash Outflow.
3. Increasing the Inflow and Reducing the Outflows
4. Identifying and using the key cash flow levers (drivers)
(A simulation exercise on the use of key levers to create various scenarios)


(F) SPEAKER PROFILE
WINSON HAN
Chartered Accountant, Consultant, HRDF Certified Trainer
CA (M) CA (ANZ) B COM

Winson is a Chartered Accountant by profession and has over 30 years of experience having served in various roles as practicing accountant, company secretary, financial controller and management consultant.

He presently consults and advises companies to better manage their businesses through an integrated process covering strategic planning; tactical design, planning (financial and otherwise) and implementation; and monitoring, review and analysis. A key focus of his consultancy is to help clients to better manage and utilize their cash resources and to restore a financially sickened company to good health.

Besides consulting, Mr. Han is also actively involved in conducting public and in-house seminars targeting the non-financial audience in financial management and analysis, financial planning & budgeting, cost management, SST/GST and credit and cash flow management. He is a PSMB (HRDF) certified trainer and holds a degree in commerce from New Zealand and is a member of the newly merged institute known as “Chartered Accountants Australia and New Zealand” and Malaysian Institute of Accountants.


(G) REGISTRATION & ENQUIRY
Email: SSTcourse@gmail.com
Enquiry:
General (03 - 5888 7357)
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)