Finance for Non-finance Managers (in English) (Finance for Non-fina)

Venue: Shanghai

Location: Shanghai, China

Event Date/Time: Mar 05, 2009 End Date/Time: Mar 07, 2009
Registration Date: Mar 04, 2009
Early Registration Date: Mar 01, 2009
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Description

Obtain in-depth knowledge of financial terms and concepts to increase efficiency when dealing with financial and strategic decisions.

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Who should attend? Senior manager and supervisors with previous experience who need to perfect their finance knowledge and methods Training Outline (Day 1) Accounting & Finance fundamentals 1. Introduction • The changing economic and financial environment in China • Why companies need financial management? Short example • Responsibilities of financial managers • Principles of financial management and ways of thinking • Measuring the financial capacity • The question of time value of money • The users of the financial statements • Distinction between financial and management accounting Exercise: overview of financial statements of ABC Quick Test: test your understanding 2. Understanding financial statements • Components of accounting statements • The fundamental accounting equation • Relation between balance sheet and profit & loss account • Understanding the balance sheet: assets & liabilities • Recording of specific transactions – what you need to be careful about Exercise: creating the balance sheet of ABC • Understanding the profit and loss accounts Exercise: creating the profit and loss account of ABC 3. Cash flow analysis • Understanding cash flows Exercise: creating the cash flow statement of ABC • Measuring and managing the working capital • The capacity of self-financing • The interaction between the working capital cycle, the investment and the financing • Estimating the finance needs 4. The time value of money • Present and future value • Annuities • Discounting cash flows 5. International financial reporting requirements Accounting standards (IAS IFRS) – Chinese accounting standards (Day 2) Financial planning & control techniques Introduction: the objectives of the manager on finance planning 1. Interpreting financial statements • Analysis of company accounts • Analysis of the funding structure 2. Financial performance metrics • Ratio analysis Exercise: application to ABC 3. Forecasting cash flows • Working capital management • Cash Budgeting • Breakeven analysis • Short term financing Exercise: application to ABC 4. Cost management & operating budgets • Breakeven analysis • Variable cost / fixed costs 5. Making investment decisions • Investment: investment and strategies of the company, impact of the operational • Valuation techniques (TIR / VAN) • The investment process Exercise (Day 3) Strategic financial planning 1. Strategic planning • Business plan • The different possible financial strategies (in relation with the strategy of the firm) • How to finance the investment and the growth of the company: the environment in China • Sources of Internal / External Financing • Long term financing 2. Financial management • Cost of capital • Financial structures; optimize the financial profitability: the action of leverage, balance between stockholders' equity/ debts, the cost of the debts, the creation of the value • Action on the requirement of the working capital: define the optimal FR and BFR 3. External financing • Bank loans • Equity • Leasing 4. How to measure the value of the company? : Company valuations • Valuation techniques • Value- based management (shareholder value) • Limitations of the shareholder value approach 5. Impact of cross-cultural factors on the practice of financial management in China

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