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FINANCE THINKING AND BUSINESS INSIGHT FOR MANAGERS

Through effective training methods, such as analyzing and discussing cases, data comment, guessing games and role plays our training advisors can interpret the abstract and abstruse financial knowledge in a very simple and lively way. Those attending the training course can have an overall comprehension of financial management, establish a platform for communication with financial staff, implement effective cost control, command the skills for budget making and implementation, and view and examine their own work from a financial angle and then make appropriate adjustments. In doing this, they can better coordinate their financial responsibilities to serve the overall strategy of the company. As a result, the company’s management will become more efficient. During the learning process, their impressions of finance as something abstruse and obscure will eventually change when they find that financial management is actually useful and enjoyable.

Training Objectives

Fully master three major financial statements and fully understand financial reports
Establish effective communication between non-financial departments and financial staff by means of a unified platform
Establish clear awareness of cost control
Strengthen the awareness of cash flow and improve capital working effectiveness
Strengthen internal control by means of financial management tools (such as budgeting)
Interpret corporate operation with financial thinking and seek for effective methods to improve operation performance

Training Attendees

Corporate GM, Vice GM, and corporate senior and middle level non-financial management


	Training Outline

	How to Understand Accounting Statements Quickly
	Financial objective: accounting is only an instrument; control is the goal.
	Balance sheet
	- Balance principle
	- View corporate operation from balance sheet structure and content
	- How different operation activities are reflected on statements
	Income statement:
	- Where do the profits come from?
	- Cost analysis in income statements
	- Tax impact on profit and cash
	How key items in statements impact the bottom line
	How to Use Financial Information Analysis to Improve Operational Performance
	Core ideology of corporate financial analysis
	Working capital analysis - How to control risks and improve capital working efficiency
	- Modes commonly used in America and Europe
	- Causes of, and solutions for, often-seen capital turnover crises
	Financial ratio analysis
	- Analysis of 6 key financial ratios
	- Credit control ratio: the management of accounts receivable
	- Inventory control ratio: inventory management
	- Comprehensive analysis: establishment of shareholder return and a financial ratio pyramid
	- Financial leverage: how to maximize shareholder return. Why does an enterprise get into debt?

	Cash flow statement
	- Three cash activities analysis
	- Balance of cash and profit
	Comprehensive interpretation of financial statements: interpret corporate operation through financial information.
	Budget Management
	Importance and principles of budgeting
	How to formulate a budget
	Budget tracking and control: prior, in process, post
	- Excel® automatic tracking form of an income budget
	- Excel® automatic tracking form of a cost budget
	Key points and difficult points
	Cost Analysis (in a Broad Sense): How to Account Accurately and Effectively and Control the Cost
	Classification of cost: effectively control cost by features
	- Direct & indirect cost
	- Fixed & variable cost
	Break-even point: scale merit & sales pricing
	Comprehensive case study: interpreting cost analysis ideas under different objectives such as corporate cost mode, strategic decision, sales pricing, product profitability, performance evaluation, etc.
	Critical points in cost control
	Summary: Critical Points of Corporate Financial Management