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Leadership Success through Finance Language

When was the last time you get confused with the different Business Languages used by your colleagues?

Internal/ External stakeholders sometimes use different words to refer to the same thing.

Or they use the same words to refer to different things.
 
In Business, that common language is the language of ’Finance’. It’s an uniting concept that everyone in the Company needs to understand for healthy business.
Basic financial understanding will allow you to ask the really important questions.
WILL THIS PRODUCT/ SERVICES BE PROFITABLE?
ARE WE BEING PAID QUICKLY ENOUGH TO MEET OUR NEEDS?
WHAT IS THE TIME VALUE OF OUR MONEY?

This 2-Day Workshop is a proven comprehensive guide to the techniques, tools, case studies, and lessons behind this all-important skill. This is an applied learning workshop where you will be applying the Business Language to your organisation, an environment you know best.

At the end of the course, you will have a self-assessment check list draft of your Company Business which allow you to find out how far you are from a healthy and sustainable business. This checklist will allow you to build upon in the subsequent months with an end in mind, i.e. narrowing the distance closer to the Organization Mission.

Objective

In just 2 days, you will ...

• Learn about the language of Business through financial statements
• Learn why market conditions dominate business decisions
• Explain the need to manage separately for cash and profit
• Differentiate between Fixed and variable costs
• Apply the value of budgets and cash flow forecasts
• Explain the impact of inventory build-up
• Explain the need to control working capital
• Calculate and analysis Break-even pointCalculate and analysis Unit cost
• Analysis on Financial Statement with Financial Ratios:
  - Statement of Comprehensive Income
  - Statement of Financial Position
  - Statement of Cashflow
• ROA, ROI, and other metrics for Management
• Proposing Financial metrics for your company

Outline

DAY ONE

1: Focus on Fundamentals

• Learn Business Language terminology
• Apply the language of Business
• Set the framework to manage separately for Cash and Profit

2: Stealth Learning

• Accountable for the results in four business cycles
• Monitor Cashflow
• Maintain the 'Books' of the Company
• Post, compare, discuss results
• Analysis Break-Even (Cost, Volume, Profit)

DAY TWO

3: Gaining practical experience Read "Story Book" - Listed Companies annual Report

Identify where they are heading?

Tell your story using the Business Language & its ending

Sharpen the Saw and unlock the language thru Self-Assessment checklist

4: Owning the results!

• Translate learning from Classroom to the Real World
• Relate the simulation experience to your Company concerns, measures and goals
• Enhance knowledge retention for onward application at your workplace

Who should attend

Leaders, CEO, COO, CMO, Entrepreneurs, Senior Managers, Managers, Department Heads and Executives.

Methodology

The approach...

• During the 2-DAY Workshop, you will be focusing on effective planning where Teams look at shorter-term results and long terms goals.
• This involved forecasting and constant decision-making on such issues as pricing, capacity, borrowing, R&D costs structure and cashflow.
• Through Team-Led facilitation, you will be tracking the Company performance and be accountable for its results in each of the 4 business cycle.
• There will be follow-up with you both online and face-to-face for you to further develop your Self Assessment Checklist.

Profile of Lawrence Poh

CA(Singapore), ATP(GST), CSP, ACTA, MAJ(NS)

Lawrence's passion in life revolves around teaching. In his years of corporate experiences, his belief is to anchor on nurturing those working professionals with EAR elements i.e. Energetic, Attentive, Receptive. Having mastered teaching-centric courses such as Train the Trainer, Method of Instruction and Learning Organization, Lawrence firmly believes in applying these methodologies during his lessons. End state in mind is to meet the learning objectives and more importantly to have fun. This can be achieved by having a conducive learning environment (reinforced with real life examples) which enables each participant to internalize most out of the lesson duration.

Lawrence is a full member of Institute of Singapore Chartered Accountants (ISCA) and Singapore Institute of Accredited Tax Professionals (SIATP). He is also a Qualified Individual approved by Singapore Accounting and Corporate Regulatory Authority (ACRA). He holds a Master of Accountancy from Victoria University, Australia and an Honours degree in Banking & Finance from University of London. He is also a Senior Army Officer (NS) who graduated from the former Singapore Command & Staff College.

Lawrence has more than 20 years of experience in accounting, audit, international tax, corporate finance, financial markets, company secretarial, ERP & Balanced Scorecard (BSC) system implementation and transformational leadership. He had assumed auditing, finance and accounting positions in Public Accounting Firms, Ministry of Defense and Process & Discrete Manufacturing Companies.