Essentials Business Finance for Engineers
10th-11th August 2009, Legend Hotel Kuala Lumpur
Dear Friend,
Engineers have been the main stream in contributing to the growth of human civilization for the past 200 years. However in today business world, engineer would need to understand the finance aspect as every decision they made would have financial implications.
Finance, in real terms, the cornerstone of the enterprise system-good financial management is vitally important to the economic health of company. You as an engineer have to be able to decipher the financial data provided by the accountant, support the business decisions of the finance manager and then implement the overall KPIs of the investors or board of directors.
What is this workshop about?
This workshop will show you a practical and comprehensive approach for any or engineer or/and other professional to understand the financial statements, made simple, to run your business or to implement your construction project or to protect your investment or to manage the business left by the shareholders. Depending on what are you looking for in these 2 days, though short, the course facilitator will touch on the important aspects on the several accounting tools that can make you financial savvy to understand and manage your business operation, implement smoothly your awarded contracts and influence any investors to put their money and trust in you.
The 14 Important Lessons you will learn during this 2-Day workshop
DAY 1: Show the fundamentals of accounting and the principles of finance that help to understand and review the financial reports. Nothing can be left alone to the accountants to figure and juggle these reports
Lesson 1: Basic concept
- Cash Accounting v. Accrual Accounting
Lesson 2: Sales
- Types of sales, sales returns, sales allowances, & cash discounts
Lesson 3: Cost of goods sold
- Inventory, LIFO, FIFO, trade discount, volume discount, purchase discount, & cost of services
Lesson 4: Expenses
- Classification, comparative, common size, department or Division, contribution margin, & breakeven point
Lesson 5: Equipments
- Depreciations, sold, lost or stolen, repair or refurbishment
DAY 2: Appreciate the fundamentals of accounting shown in the Profit & Loss Accounts, Balance Sheet, and various Budgets that are useful for making operating and capital decisions. Failing to interpret these financial figures can be catastrophic to the running of your business
Lesson 6: Buying or leasing and contracting
- Payback method, time value of money, net present value, IRR, repair or replace, leasing or purchasing
Lesson 7: Balance Sheet
- Assets, liabilities, working capital, & equity
Lesson 8: Budgeting
- Sales budget, cost of goods budget, expense budget, budget summary, & cash flow budget
Lesson 9: Manufacturing
- Cost of manufactured goods, expenses, unit costs
Lesson 10: Analysis of business
- Income statement, balance sheet, retained earnings statement, Ratios, cash flow statement, notes to financial statements
Why should you attend this workshop?
You will learn the 10 essentials skills that will enable you to be successful in your job
You will learn how to:
- Understand the terms of accounting
- Pay attention on how the accountant prepare the financial statements
- Lay down your expectation of what's constitute a good operated business
- Avail to all available information to assess whether to invest scarce resources or inject further capital into the business
- Maintain a continuous vigilance on the management of business by the engineers and the other professionals
- Make good decisions on viability of projects implementation
- Establish the rules on good reporting
- Plan and map in advance goals, strategies and activities of the business in a dynamic circumstances
- Appraise goals and strategies planned as well as to make immediate correction on these strategies
- Set the house in order to manage the business efficiently, to influence the bankers to give more loans and to convince the investors to put their money and trust in the business
Course Leader
aGEE Lee has more than 22 years of experience in the commercial banking in Malaysia and has worked in Malayan Banking Berhad and seconded to Kwong Yik Bank Berhad in 1980 to set up a Legal Documentation Department.
He started as a trainee officer moving up to Branch Manager, Loan Manager managing Corporate and Commercial Loans and finally as Head of Loan Recovery Division bringing down NPLs to RM65m from RM800m.
He also worked in a property development company, then constructing a condominium and Nilai 3, for 2 years, and involved in a manufacturing company before working for 2 years in a construction company, executing federal contracts on roads, schools and colleges, in Kota Kinabalu, Sabah.
Besides marketing and approving the commercial loans, he was instrumental in setting up the Loan Recovery Section supervising about RM1.9b NPLs and was involved in structuring loans and lecturing modules on debt collecting and legal documentation on securities for 13 years.
His last appointment was with Hong Leong Bank Berhad in 2003/4 as Head of Remedial Management Department.
Agee Lee holds Honours Degree in Economics (major in Business Administration) from Universiti Malaya, Associate of Institute of Bankers (London), Diploma in Marketing Management (NPC) and Certificate in Financial Planning (MII).
He is now a Training Consultant for IBBM, MIA and Banks in Malaysia and Vietnam. Currently he has been giving talks on practical topics that will boost skills and confidence of participants.
What others have to say after they have attended aGEE workshop
“Informative and good personal experience from the speaker”
Wilson Wong, Schenker Logistics (M) Sdn Bhd
“Job well done”
Chong Kim Cheng, WRP Specialty Products (M) Sdn Bhd
“Relevance to the working environment and filled with examples”
Choo HC, Teck Ping Chan (1976) Sdn Bhd
“Overall session has gone with good presentation in improving planning & leveraging cash flow”
Mohd Asrizan, Neural Oilfield Service Sdn Bhd
“I like best about the discussion on real life cases during the session”
Munirah Othman, Selia Selenggara Selatan Sdn Bhd
Who Should Attend: Equally beneficial for engineers, non-finance personnels and managers who are keen in developing their understanding in finance.
Workshop Size: Registration is strictly to the first 25 people. This cannot be altered. If the past is any indication of the future, spaces fill up very quickly. If you are interested in attending, call us now or download the registration form here and fax it back to us at ++6 03 40235716.
HRDF Claimable: This workshop is claimable under the HRDF SBL Scheme. Checks with your department to make sure you are eligible.
Tax Deductibility: In all likelihood this seminar is tax deductible. Check with your accountant to be sure.
Workshop Investment $$: RM 1190.00 per delegates. This includes all workshop materials. Lunch will be provided.
Early Bird Offer!!
If you register yourself EARLY, you will enjoy a discount of RM100.00. For more information, please refer to the registration form here.
Group Discount!!!
If you register in group of 3 persons or more, you will enjoy additional 5% discount, and if your group are 5 persons or more, you will get a much greater discount of 7%, and 10% discount shall be entitled for group of 8 persons or more. So get your friend or colleagues to register with you!
100% Satisfaction Guaranteed
We understand that some of you don't know us. That is why we make this workshop a 100% satisfaction guaranteed. If for any reason whatsoever you don't feel like you have received more than your money worth by lunch break, simply hand in your materials for a complete 100% refund. No weasel clauses, no hassles, no questions asked. We won't lie, as rarely we have to make refund to our participants; however is our integrity which makes our business successful.
If you like what you have gone through so far, you may register yourself by downloading the full brochure here, and fax the registration form back to us at ++6 03 40235716. And if you happen to have some friends or colleagues who are looking for ways to improve their business finance skills, please forward this link to them.
Yours Sincerely,
BIZFinanceSeminar.com
Tel: ++6 03 40216000
Fax: ++6 03 40235716
Email: bfs@bizfinanceseminar.com
