Finance for Non Finance Managers 非财务经理的财务管理

Senior manager and supervisors with previous experience who need to perfect their finance knowledge and methods.

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

Time: June 11- 13, 2012
Venue: TBC
Fee: RMB 6280/ person (Training Handouts, Certificate, Refreshments and Lunch inclusive)
Language: in English


COURSE CONTENT
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. Accounting standards and the integrity of the financial
Statements

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
Cost / volume and price relationships
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) shareholder valu added acquisition analysis
Limitations of the shareholder value approach
5. Impact of cross-cultural factors on the practice of financial management in China

Jean-Yves LE CORRE
Senior Financial Management Consultant
Jean Yves has more than ten years experience in large multinational corporations in finance and auditing senior roles as well as in management consulting. He was in charge of the corporate planning for the mining activities of COGEMA where he prepared the 10-year strategic and financial plan of a major business unit, implementing the financial modeling tools for financial planning, consolidated balance sheet and P&L accounts estimates and cash flow analysis.

Jean Yves developed extensive experience in coaching and training Finance in Asia, especially China, where he conducted 65+ seminars in the last 2 years. Currently based in China, he provides advisory and assistance to multinationals and Chinese companies on Internal Control and Finance Risk Management.

His main courses are:
Making Sense of Finance
Finance for Non Finance Managers
Finance for Senior Managers and Directors
Implementing Internal Audit Methodologies
The Analysis and Application of IFRS

Parts of his selected customers are:
Standard Chartered, Carel China, Arkema, Carbone Lorraine, Socomec, A.D.P China, Sabaf, Tyrolit, MMF Shanghai and others