This course will be delivered in Chinese.

In this two-day training, you will obtain in-depth knowledge of financial terms and concepts 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.

This is a 2-day course from 9 a.m. to 5 p.m. that will be held in the AmCham China Conference Center. Coffee, lunch and light refreshments will be provided during breaks.

Cancellation Policy:
If you cannot attend a training for which you have registered, please cancel your registration no later than five business day prior to the training. If you fail to notify AmCham China of your cancellation in a timely fashion, you will be charged for training costs. To cancel you can: 1) email cancel@amchamchina.org, or 2) cancel online if you registered for the training through the website. Your cooperation in this matter supports AmCham China in maintaining the quality of its trainings and is appreciated by your fellow members and the organization.