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Financial decisions impact every area of an organization. Even non-finance executives are often called upon to make financial decisions on certain issues. Therefore, having a good knowledge of the key concepts of prudent financial management becomes necessary for executives to achieve business objectives of modern organizations. This workshop aims to help participants in familiarizing with essential financial information, showing them how to "speak the language of numbers" and implement financial data in their daily business decisions. The use of financial ratios, budget control, as well as project evaluation techniques will also be covered and discussed.
Outline:
- Why finance matters
- The key building blocks of financial control
- Cost and management accounting
- Understanding and interpretation of financial statements
- Company analysis via analytical tools and ratios
- Introduction to internal control
- Evaluating the worth of a project
- Managing a profit center or cost center
- Absorption, marginal and activity-based costing
- The unique features of project costing
- Estimating project duration and future cost
- Anticipating problems using cost control
- Making estimates based on incomplete information
- Choosing projects that optimize profit
- Return on Investment (ROI) and Payback Period
- Discounted cash flow (DCF), Present Value (PV)
Target Participants
- Business Owners
- Line Managers and Executives in non-finance functions
Speaker
Mr. Peter Cheng, CPA, is a Certified Public Accountant (Practicing) of Hong Kong Institute of Certified Public Accountants, and a member of The Association of Chartered Certified Accountants. He had worked in one of the international accounting firms, Peat Marwick and Mitchell (now KPMG) for over seventeen years. In 1992, he joined a listed corporation in Hong Kong to review and monitor investment projects. Mr. Cheng possesses more than 20 years experience in corporate restructuring, auditing, tax issues, financial advisory services, including financial and commercial due diligence. Mr. Cheng is frequently invited by commercial and charitable organizations to give talks on financial management, cost control, performance evaluation and related topics.
REGISTER today to reserve your seat at this exciting workshop!
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