[Online 2-Day] IAAP Certificate (UK) in Financial Management
Course Information
  • 05-May-2021
  • Online
  • Winson Han
  • English
  • RM 1150 RM 1050
    Until 24 Apr 2021
  • 8:45am - 4:45pm
[01] INTRODUCTION

Financial management underscores a solid understanding of what drives a company’s profit and expenses, and how financial metrics are used. All employees must understand what makes money for the company and to remain competitive. Employees lacking financial skills may end up in making poor business decisions. Communications within the company and with stakeholders must be in financial language using the same measuring stick so that a common message is sent and received.

This 2-day IAAP Certificate program will equip the participant with the understanding and skills to read, analyze and interpret financial statements using financial metrics, understand cost, cost concepts, costing and activities, and
impact on decision making. Participants will also learn about key aspects of working capital and cash flow management, and methodologies applicable to each areas of finance to assist and aid financial decision making process in the course of their duties.

[02] COURSE OBJECTIVES

• Identify the structure and function of financial statements
• Differentiate between cash flow, profit, and net worth
• Use financial metrics to assess a company’s liquidity, profitability, management efficiency, financial structure, and cash flow
• Understand PE Ratio and other market ratios and its application to business valuation
• Know the key working capital elements, processes, and various concepts
• 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 use Activities Based Costing to evaluate product, department, or branch performance
• Communicate effectively with finance and accounting personnel

[03] WHO SHOULD ATTEND

• Business owners and entrepreneurs
• Business managers and executives
• Company directors and HODs
• Anyone who is responsible for financial decision making

[04] METHODOLOGY

Interactive Lectures plus hands-on approach, Case Studies & Discussions

[05] DATE, TIME & FEE

Date: 5 - 6 May 2021 (Wed - Thu)
Time: 8.45am - 4.45pm
Mode: Online/ Interactive

[HRDF Claimable | SBL KHAS]

FEE:

- Special Offer (before 24 Apr 2021) - RM 1,050
- Normal Fee - RM 1,150

** Fee is inclusive of IAAP Certificate Examinations

>> Fee includes Course Notes, Exercises, Assignments, Certificates, Transcript, and 6% Service Tax.

** OFFER **
- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

**Discounts**
(i) SST2u Learner Card Member - overriding 15%

[07] COURSE FEATURES

DAY 1

[01] AN OVERVIEW OF FINANCE

• Objectives of Finance
• Financial Decisions
• Organization of the Finance Function

[02] FINANCIAL REPORTING AND FINANCIAL STATEMENTS

• Structure and Contents of financial statements
o Income Statement – the 4 profit lines / impact of non-core revenue
o Balance Sheet – classification of assets and liabilities
o Cash Flow Statement – generation & usage of cash flow
o Notes to the Financial Statements – window into details
• Evaluating financial performance
o Value creation and Profitability
o Quality of Earnings
o Environment, product life cycle and corporate strategies
• Evaluating Financial Position & Cash Flow
o Working capital & it’s quality
o Liquidity and Solvency
o Usage of resources and its efficiency
o Cash flow generation and adequacy
• Determining Business Valuation
o Value Creation & PE Ratio
o Earnings and Dividend Yield
o Asset Valuation and NTA

Case Study - Analyzing and interpreting financial metrics using Annual Reports of 2 selected PLCs.

DAY 2

[03] CASH FLOW AND WORKING CAPITAL MANAGEMENT

• Funding Gap and Business activity cycle
• Optimizing the Process – Strategies and Practices
o Inventory Management
o Accounts Receivable
o Accounts Payables
• Credit Control and Managing Trade Debts
o Credit screening and collections
o Determining credit exposure
• Cash Flow Management
o Customer management strategy
o Cash Management Culture
o Cash flow planning and forecasting

[04] COSTING FOR MANAGEMENT DECISION MAKING

• Cost Concepts and Cost Behavior
• Cost Allocation, Apportionment and Absorption
• Elements of Cost, Profit and their Behavior
• Cost-Volume-Profit Relationship
• Break Even Point Calculation
• Activities, Costs and Activity Based Costing (ABC)

Case Studies – Managing a business using BEP model, Differentiating Traditional and Modern Costing and Evaluating performance of a company and its departments.

[08] 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.


[09] ABOUT IAAP
The International Association of Accounting Professionals (IAAP) has been established to provide internationally recognised qualification for accounting professionals and, through that recognition, to enhance their status in the financial and business communities. Holders of a current IAAP membership certificate can enjoy the benefits of this international recognition in their careers. The IAAP ‘Accounting Professional’ also enjoys the prestige and status that is
conferred by this title.

IAAP is a wholly owned subsidiary of the prestigious International Association of Bookkeepers which is headquartered in the UK. The International Association of Bookkeepers (IAB) has over 10,000 members across 60 countries, and is one of the most prestigious not-for-profit organisations for professional bookkeepers in the world.

Regulated in England by Ofqual (the Office of Qualifications and Examinations Regulation - a non-ministerial government department that regulates qualifications, exams and tests), the IAB is both a government-approved and a statutory supervisory body. Setting world-class standards, IAAP and the IAB offer students worldwide the chance to gain the very best financial qualifications – as well as lifelong skills.


[10] ENQUIRY & REGISTRATION

Enquiry: SSTcourse@gmail.com
Contact:
- Teo (011 - 3178 9203)
- Logesh (012 - 503 0346)
- Siti (012 - 383 8603)
- Han (019 - 323 0507)