Synerflex Consulting

*Please call us at 04-6467110 or Email us for latest schedule.

~ Understand Key Elements of Corporate Finance

In today’s business world, even non-finance executives are often called upon to make quick and accurate decisions about financial issues. The higher you rise in an organization, the more important such financial skills become.

Essentials of Finance for Non-Finance Executives is designed to provide you with an understanding of financial management principles and equip you with the practical skills to develop informed and effective financial plans. You will learn business critical skills in analyzing financial statements, applied corporate finance, understand key financial indicators better, strategic management and the financial planning process.

This workshop will enable you to contribute to discussions about the financial performance of your organization or business unit and will give you the confidence to make decisions based on financial data.

Key Learning Objectives & Benefits

This workshop aims at providing you a basic comprehension of accounting, and how you can use this to further improve your business. Specifically, you will be able to :-

* Increase your financial literacy & financial vocabulary, such as income, expenses, assets, liabilities, working capital and etc
* Understand the basics of accounting & how to read the 3 key financial statements – Balance Sheet, Profit & Loss Accounts, Cash Flow Statement
* Expose yourself to budgetary planning and variance analysis
* Learn some basic investment appraisal techniques

Target Group

* Non-financially savvy managers and executives in functions like :

* Sales
* Marketing
* Production
* Engineering
* Human Resources
* Finance & Accounting
* Purchasing & Procurement
* R&D / Production Development

* Anyone who is determined to be successful in their career / business.

Course outline

Day #1

* Understanding why accounting/finance is important ?
* Differences between Cash accounting vs Accrual accounting
* Understanding financial reports through hands-on exercise :

• Profit & Loss;
• Balance Sheet;
• Cash Flow Statements

* Evaluating company’s financial health using :

• Financial reports
• Ratio analysis : profitability and liquidity ? including current ratio and acid test ratio.

* Budgeting made simple
* Variance analysis
* Basic investment appraisal

• Payback analysis
• Return on investment

Day #2

* Putting all you learnt into practice by running a profitable business in a highly competitive market – business simulation game.

Business Simulation Game

This is a computer simulated business exercise for up to four teams, where they are involved in running a small business for up to six quarters, and all 4 of the teams are competing within the same market. This exercise allows teams to experience / test their business acumen in a highly competitive market, and help them to focus on organizing themselves to work effectively as a team to make good business decisions. In short, this simulation brings out some key points about running a profitable business in a highly competitive market. Other key learning areas :

* Analyzing business data
* Teamwork
* Making a range of business decisions
* Quality
* Forecasting demand
* Presentation skills

The exercise calls for the team to tender for a site for their shop, and then they have to decide on their business strategy, as well as on-going decisions on such things as advertising, staff wages, the product range and prices. These decisions have to be submitted at the end of each of 6 ?quarters? on pre-printed decision forms. Because the exercise is computer simulated and interactive, decisions need to be constantly reviewed to take account of the competition and other market influences ? just like the real world of business.

Furthermore, the team has a chance to polish their business presentation skills in making their business case to a ‘venture capitalist’  in attracting additional investment.

This simulation manages to combine a serious learning in a format that is great fun and thoroughly enjoyable. It is suitable for any level of employees.

Workshop Duration: 2 days (9am to 5pm)

Hurry! Call us at 04-646 7110 or Email:
info@synerflexconsulting.com to reserve your seat now or to find out more
details.