Understanding and Analysing Financial Statements for Non-Financial Professionals

March 4, 2011 - PRLog -- Nowadays it is imperative that you be aware of the credit risk of your customers and debtors. It's important to verify the financial strengths of your prospective business partners before going into business.  It's not just the finance department, but every employee in an organization must understand your company’s financial position and how your business performance compares with others in the same industry. Part of today's job scope includes understanding how to manage your costs and enhance your company’s competitiveness, as well as assess the attractiveness of your corporate targets in business acquisitions.

In line with this requirement, JSK Events brings you this 2-day practical skill workshop which aims to equip non-accounting professionals with the knowledge, skills and tools required to understand and analyse financial statements. Real case studies shall be used throughout the workshops.

This workshop will cover among others, fundamental accounting concepts deciphered for the non-accounting individual, credit assessment of customers, analysing and managing working capital and cash flow, verifying and evaluating the financial strengths of potential business partners,  understanding your cost structure and competitive analysis of industry players, valuation of acquisition targets, detecting signs of financial distress as well as a special case-study on 'MINI-ENRONS OF MALAYSIA  - identifying major accounting issues and creative accounting in manipulating'.

Key benefits include understanding fundamental accounting concepts, an appreciation of the structure and major elements in audited financial statements as well as  major accounting issues and the use of creative accounting in manipulating profits, analysing the trends in working capital and cash flow and understand how to manage working capital, be able to use financial statements in business critical applications – credit assessment of suppliers, determining the financial strengths and competitive positions of business partners and industry players, and valuing corporate acquisition targets and be able to calculate critical financial ratios and be able to detect signs of financial distress.

Our workshop facilitator, Lim Chor Ghee, is a Partner of VIETVALUES Audit & Consulting Group. His roles in the professional services group of more than 170 professional staff include managing regional assignments on foreign direct investment advisory, tax and business advisory, accounting and business process outsourcing. Through his many years of corporate, consultancy and training involvements in more than 15 countries, Chor Ghee has acquired extensive experience in dealing with cross border financial management, foreign direct investment, as well as structuring and managing strategic alliances and joint ventures. He is a regular speaker in regional conferences and workshops, and has also delivered MBA programs in international business and financial management for several universities, and is currently an Adjunct Associate Professor (Finance and Accounting) with the Management & Science University (MSU) of Malaysia. Professionally Chor Ghee is a member of the Academy of International Business (USA), CPA Australia, Malaysian Institute of Accountants, Malaysian Institute of Taxation, and Malaysian National Computer Confederation.

This 2-day workshop will highly benefit non-accounting managers and executives who need to make critical business and managerial decisions based on practical understanding and analysis of company financial statements, heads of departments accountable for business decisions, technical specialists in Engineering, Information Technology and Applied Sciences, Sales and Marketing Managers, Human Resources Managers and Business Development Managers.

The workshop will be held on the 11 & 12 April 2011 The Concorde Hotel Kuala Lumpur. For program information and registration, please contact JSK Events at 03-7665 0377 or email us at info@jskevents.com.

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JSK is focused on Job Excellence through Skills & Knowledge Enhancement. We specialize in analyzing, designing and developing training outlines for an organization that needs specific training solutions in meeting its highest level of staff competencies.