Understanding of numbers is imperative in today's highly competitive business world. It is considered as a business language and a basis for business decision making. Accounting is the vehicle that helps the management in planning and controlling the resources of the business. The more important decision, the more need for relevant information. There are financial implications for each decision a manager takes, and even in decision requiring qualitative aspects.
This workshop provides requisite basic concepts of finance & accounting, including terminology and assumptions, valuation, financial statements, identify trends, and study competitors and thus become strategic users of accounting and financial data. The workshop will also encourage participants to do analysis of financial data themselves and know how to drift financial data from corporate reports.
- To remove fear of accounting and finance and to communicate effectively with Finance Executives.
- To acquire a solid grasp of how information is conveyed in basic financial statements and monthly reports reflecting the performances; how to analyze the information, how to use the information to make informed decisions
- To enhance the decision making skill by using accounting, cost and management accounting
- concepts in day to day operating decisions and planning the business models
- Importance of Accounting and Finance for Non Finance Managers for
business decision making.
- Mastering in reading Balance Sheet, Profit and Loss Account and Cash Flow
Statements along with key accounting concepts, assumptions and statutory
requirements.
- Understanding how performance of marketing, sales, production &
inventory management is reflected in Financial Statements.
- Techniques for analysis of financial statements to provide basis for
evaluating financial and management performance.
- Analysis of Cash Flow Statements.
- Product cost sheets and role of non-finance professional in product cost
reduction and combating competition or sales price constrains.
- Cost concepts & their use for business decision making eg decision for
Product discontinue , selection of products in resource constraints ,tolling
pricing.
- Break Even analyses- for planning a new business and controlling the
operations.
- Budgeting - techniques & importance, operating, financial and cash
budgeting.
- Working Capital Management and Operating cycle to evaluate working
capital management efficiency and determining size of working capital.
- Capital Structuring.
- Overview of Project Management and Capital Budgeting for Project
evaluation and assessing investment in plant & equipment.
- Effective Internal Management Reporting by functional heads eg Marketing
, Production Supply Chain ,HR ,IT.
- An overview of Corporate Reporting and matters relating to non-finance
executives.
- Strategic management.
- Balanced scorecard & implementation of strategy.
- Case Study.
Senior & Mid-Level Non-finance executives who are involved in the business operations including: Sales & Marketing, Supply Chain, Production, Engineering & HR, etc.
Past Participants were from
- Abbott Laboratories
- Ali Gohar & Co.
- Attock Cement
- Business & Engineering Trends
- Engro Corporation
- Karachi International Container Terminal
- K-Elctric
- Lundbeck Pakistan
- National Petrochemical Industrial Company
- National Telecommunication Corporation
- Pakistan International Container Terminal
- Pak-Suzuki Motor Company
- Pfizer Pakistan Limited
- Ray Pharma
- SSGC
- TOTAL Oil Pakistan
IBA CEE Cancellation Policy for Open Enrollment Programs:
In the event of participant's cancellation, the following schedule will apply:
- 5 days before start of workshop - No cancellation
- Within 4 to 2 days prior to workshop Half program fee forfeiture
- Within 1 day and No Shows - Full program fee forfeiture
Cancellation notification must be made in writing to CEE.
Postponement
Due to any unavoidable circumstances, the workshop may be postponed by the institute. In case of postponement, the institute will refund full fee of the program or the participant may opt to defer his/her registration to the next program.
Substitute
Substitutes will be taken at least 2 days prior to the workshop. Should we be unable to accept your application for any reason, your payment (cheque/draft) will be returned to you.
Deferrals
All registrations deferrals must be requested in writing at least 2 days prior to the workshop. Send a note to the Program Registration Team indicating that you wish to have your registration deferred to another session of the same program within one year. The deposited fee will be carried forward. Please note that only one transfer is permitted. After one year, the deposited fee will be fully forfeited.
Abdul Rahim Suriya
