This course will be delivered in Chinese.

In this two-day training, you will obtain in-depth knowledge of financial terms and concepts efficiency when dealing with financial and strategic decisions.

Course Objectives

• Identify the main sources of financial information
• Understand and interpret key financial information
• Understand the differences between cash flow, revenue and capital
• Optimise your use of working capital
• Analyse variances in budgets and take remedial action
• Prepare break-even analyses for business plans, new projects and boardroom presentations
• Distinguish between short-term and long-term financial decisions
• Perform confidently in a financial environment

Course Content

1. The Nature and Purpose of Accounting

• A simple model of an organisation’s accounting framework
• Who uses the accounts and what do they use them for?
• Where can I find out about my organisation’s/my competitors’ financial position

2. Profit and Loss Accounts, Balance Sheets and Cash Flow Statements

• Their structure and terminology, what they tell us and why they need to be reviewed together to gain a full understanding of business performance.
• Using financial information as a management tool
• Understanding how operational income and costs are accounted for and the implications for how you manage costs in your department

3. Managing Finance

• Understanding working capital : What it is? How can we manage it?
• Why too much working capital is bad for you and too little may be disastrous
• Optimising working capital for your organisation and the implications for negotiating with customers and suppliers
• The distinction between profit and cash flow
• Considering sources of funding

4. Understanding Management Accounting Including Budgeting

• Putting together a robust budget
• Negotiating budget funding
• Assessing variances and reforecasting the budget
• Evaluating feasibility of operational projects via break-even analysis
• The effects of depreciation

Who should attend?

Suitable for managers who want to gain a clear understanding of the fundamentals of business finance and the financial implications of decisions they make.

Coffee, lunch and light refreshments will be provided during breaks.