Managing Lean Financing - 2 Days

2 days’ workshop

INTRODUCTION

If you have little or no financial background, this course is meant for you. Will guide you step by step using simulation approach to managing profit & cash flow, investment, budgeting processes & read financial statements. Free practical well tested excel templates are provided.

You need to have the financial management skills to problem solving. This course will help to provide you with an environment that stimulates proactive behavior in order to achieve greater goals for yourselves and your organization. By creating financial value for your organization, you will be amazed at the speed of career advancement. Real-current financial issues & cases will be analyzed and scenario solutions will be provided under the guidance of Dr. Steven Liew.

Course Objectives                                                                                                                                   
By the end of this course you will be able to:

  • How to manage your profit & loss & cash flow position

  • How to design your working capital requirement 

  • How to plan your budgets 

  • Using goal seek to hit management expectations on sales, profit & cash flow

  • Applying cost reduction strategies for organization success

  • Applying Risk Modelling Skill in resolving company’s issues

  • Learnt from Lean Finance Success Story

METHODOLOGY
Case Study & Group Discussion. Real-current financial issues & cases will be analyzed and scenario solutions will be discussed within the workshop.

WHO SHOULD ATTEND

Accountants, CFO, CEO, Business Managers, Finance Managers, Supervisors, Managers and All Professionals Who Are Interested in Managing Lean Financing  

Special Feature: NOTE: Please bring laptop along

PROGRAMME OUTLINE

Day 1

Module 1: Managing P&L & Cash Flow (Simulation exercise)

Objective:

  • with little or zero accounting knowledge, will walk you through

 Your business or new business on sales, purchases, operating expenses, investment, capital injection, depreciation & interest payment

  • you see your own P&L, Balance sheet, cash flow & equity

  • provide strategies (using goal seek) to improve your cash flow & P&L position

Module 2:  Improve Cash Flow & Profitability Position (Practical Case Study)

Objective:  Use financial tools of goal seek & solver to meet management target of sales, profit & cash flow position

  • Applying what if analysis (goal seek & solver)

  • Applying profitability strategy management framework

    • Formulation stage

    • Execution stage

    • Evaluation stage

Module 3: Cash Flow Statement (simulation exercises)

Objective:

  • You will learn why you fund increase or decrease 

  • What are the causes: operational, investing or financial driven?

  • Using goal seek will improve your cash flow position.

Module 4: Financial Ratios Analysis (Simulation on Real Listed Companies Case Studies)

Objective: you will understand how to reading the financial ratios 

  • Liquidity 

  • Solvency 

  • Efficiency 

  • Profitability 

  • Asset Management 


Day2:

Module 5: Managing Material Costs

  • Procurement/Purchasing: (e-sourcing intelligence; negotiation skills, leverage with suppliers, etc)

  • Inventory (eg. material planning, Holding costs, Storage cost, Obsolete stock)

  • Design errors (eg. Wrong Information, Lack of communication, Lack of skills, etc)

  • Technical errors (eg, Lack of skills, Current Plant & Machinery unable to support etc.) 

  • Reject output (eg, Human error, Noncompliance to production procedures, Poor/Substandard raw material, etc) 

Managing Labor Costs

  • Inefficient Work Processes (egg, Vague job responsibility, Poor production planning, etc)

  • Absenteeism (eg, Lack of commitment, Lack of supervision, etc)

  • Staff quality (eg, Insufficient trainings, Lack of integrity, etc)

  • Manpower management (eg, Lack recruitment policy, Lack of empowerment, etc.)

  • Staff turnover (eg, Lack of motivation- fringe benefits not attractive, Dislike the job function)

  • Complex process (eg, Job done manually, Complex work flow, etc)

Managing Overhead Costs

  • Assets Management (eg, Under-utilization of assets, Idle/excessive assets, etc)

  • Customers (eg, Overdue account, Higher debts collection expenses, etc)

  • Financial resources (eg, High financing cost, sole financing source, etc)

  • Human resources (eg, Excessive training programmers, Excessive of overtime claims, etc)

  • Expenditures (eg, High utilities of telephone, fax, electricity; High rental cost, etc)

Module 6: Case Study (Turn-around the Company)

  • Asset conversion (conversion of assets to cash or profit)

  • Collection (Focus on collection & debt recovery) 

  • Cost reduction (review all aspects of costs drivers)

  • Revenues (review all aspect of revenue drivers)

  • Purchasing policy (focus on top 5 key suppliers; focus on fast moving items, etc)

Module 7: Risk Modelling Skill (Exercises)

  • Analyzing the potential risks facing an organization

  • Mitigating controls 

  • Weight the financial impact 

  • Cost/benefit decision analysis

  • Risk Model software

Module 8: Lean Finance Success Story: 

  • Cisco’s Virtual Close

  • JC Penney- Web-based Version Solution

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 Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA. 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle,  IQPC Worldwide Pte Ltd , Singapore,  Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei,   Risda Group Of Companies,  Sales & Marketing Training  Forum, Sri Lanka, Giant Retail Sdn Bhd,  Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd,  Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd

He is currently providing management consultancy and training specializing in Fast closing monthly, leadership, Strategic Planning, Sales Management, budgeting, accounting, finance, Cost reduction, credit management & loan recovery. 

Testimonial from Past Participants

“Through practical exercises and case studies simulation, I have better understanding of impacts of pricing, costs and profitability on strategic decision making” Pmk.Pegawai Kewangan, Civil Aviation Department

“What interest me most is the Credit Risk & Cost reduction Tools & many news ideas generated”:  Pengurus, NAFAS

“Learnt how to mitigate risks. Very informative workshop & good instructor. Learnt the ability in costing risks & its financial impact “-Aiwana Binti Ishak, Manager. Public Relations

Building KPI For Organization Success

Managing Lean Financing - 1 Day

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