class detail

Finance for Executives

1. Financial Statements - Fundamental

- General Accepted Accounting Principles (GAAP),IFRS Changes

- The elements of Financial Statements and its constraints.

The accounting and finance trend for international companies.

Financial analysis, risk management, and internal control.

Management reports preparation and its applications.

Work with Finance to establish financial consulting functions and prepare effective management reports to support Executives on business results.



2. Budget and financial forecast preparation and its applications.

- The objectives of budget preparation and its management.

- Budget preparation process and assumptions setting.

- How to revise financial forecast to become an effective management tool.

- The determination of forecast period and its risk, how to establish an effective forecast operation process.

KPI

- The objectives of KPI.

- How to establish KPI and its applications.

- Experience sharing.



3. Cost management and break-even analysis.

- Introduction of different cost definitions.

Fixed vs. Variable, Direct vs. Indirect

Controllable vs. Uncontrollable

Opportunity Cost

- Break-even analysis and its applications

- Outsourcing opportunities and its impact and management



4. Working capital management and its critical to business.

Cash flow calculation and forecast.

Present Value and Discount introduction

Internal Rate of Return (IRR) and its applications

Cash Payback Period

Profitability Index – cost benefit analysis.