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(5) EFFECTIVE DECISION MAKING FOR FINANCE MANAGERS & ACCOUNTANTS
KUALA LUMPUR l 15-16 September 2008
Discover How to Use Special Techniques to Make EFFECTIVE Business Decisions in Your Financial Responsibilities In this new world in which we operate,
where the emphasis is on making one of the better decisions base on the
available data and information at that point of time. Making effective
business decisions are not an option anymore, but a necessity, and
a requirement. This
course has been specially designed for accountants who have a full
financial training and good finance background but whose
responsibilities involve and include the following: a
Managing business operations a
Performing decision making a
Making investments decisions a
Having accountability for the profitability of the business, sales
growth etc a
Managing credit review, project planning, budgeting and forecasting
a
Going into, business start-ups, acquisition of business a
Selling and/or divesting their business effectively a
Negotiation with Suppliers, Banks, Customers, Debtors and others a
Negotiation with their bosses to obtain approval on their budgets,
projects etc Participants will develop these 9 Key Skills: 1.
Pareto Analysis – Choosing
the Most Important Changes to make 2.
Making comparisons – Comparing
out the relative importance of different 3.
Decision Matrix analysis – While
considering where many factors must be balanced 4.
Decision Tree analysis – Choosing
between options by projecting the likely outcomes 5.
Weighing – Weighing the Pros and Cons of a decision 6.
Force Analysis – Understanding
the pressures for and against change 7.
Six Thinking Hats – Looking
from all points of view 8.
Cost/Benefits Analysis – Using
financial tools 9. Stress management - How to manage your stress
10 KEY BENEFITS OF ATTENDING 1.
Develop skill on how to use a good process on decision making. 2.
Develop skill to look at the “Big
Picture” and be a team player. 3.
Implement effective
decision making skills to increase performance. 4.
Modify and improve
financial policies to help on the business operations. 5.
Understand financial
implications of the decisions on business performance. 6.
Made good financial decisions impact on the business and increase
profitability. 7.
Increase company cash flow and competitive business
position. 8.
Develop skills resolve financial problems realistically. 9.
Ensure company to grow on productivity, profitability
and performance. 10.
Be a respected and dynamic financial Professional
WHO SHOULD ATTEND Finance
Managers, Accountants and those in Finance/Accounts who have
responsibilities of supervision and managing finance for the businesses,
operations, profit and loss centers and financial reporting to the
Directors, CEO, GM and Senior
Management.
COURSE
SCHEDULE Note:
This schedule is a guide and may be modified depending on the group
dynamics and the needs of the participants. Day
1 Morning Session (9.00am-12.30pm) Part
A – EFFECTIVE DECISION MAKING TECHNIQUES FOR ACCOUNTANTS A.
What is decision making and Effective Decision Making?
1.
What is decision making all about? 2.
What is the key point? How decision making affect the business operations? 3.
Who are the decision makers in the organization and business? 4. What is finance role towards the decision makers which include Directors, CEOs, GMs,
Department Head and Senior Management? Part
B - BUSINESS FINANCE DECISION MAKING SKILL DEVELOPMENT PROCESS B1.
PARETO ANALYSIS 1.
What is Pareto Analysis all about? 2.
What is the key point?
B2.
MAKING COMPARISONS 1.
What is making comparisons model? 2.
How to use the tool and on spreadsheet 3.
How to use the tool. Case studies and practical exercise.
1.
What is Decision Matrix Analysis all about? 2.
What are the key factors to be considered? Lunch
Break (12.30-1.30pm) Afternoon
Session (1.30-4.30pm) B4.
DECISION TREE ANALYSIS 1.
What is Decision Tree Analysis all about? 2.
What are the key factors to be considered? 3.
How to use the tool, and drawing a Decision Tree exercise. 4. Evaluating the Decision Tree and Calculating the Tree Value and the value of uncertain
outcome nodes. 5.
Application of the result Tea
Break (3.00-3.15pm) B5.
WEIGHING 1.
What is weighing of pros and cons? 2.
How to use the tool. Case studies and practical exercise.
Day 2 Morning
Session (9.00am-12.30pm) B6.
FORCE ANALYSIS 1.
What is force analysis and understanding the pressures for and against
change? 2.
How to use the tool. Case studies and practical exercise
B7.
SIX THINKING HATS 1.
What are six thinking hats? 2.
How to refer to Edward De Bono book and the tool Lunch
Break (12.30-1.30pm) Afternoon
Session (1.30-4.30pm) B8.
COST/BENEFITS ANALYSIS 1.
What is cost/benefits analysis? 2. How to use the tools. Case studies and practical exercise Tea
Break (3.00-3.15pm) B9. DISCUSSIONS, CASE STUDIES, EXERCISES AND PROBLEM SOLVING Throughout
the course, participants will be given exercises and case studies to
sharpen and improve their financial and communications skills. YOUR EXPERT COURSE LEADERAnthony
Wong
is a Certified Public Accountant of Singapore since 1984. He has worked in
senior management positions such as Deputy Managing Director, Finance
Director and Regional Financial Controller for Asia Pacific region with
Multi-national companies in Singapore particularly in the Electronics and
Manufacturing industries. He was the Regional Financial Controller
for Asia Pacific Region with Motorola in Singapore for eight years. Anthony
has extensive experience in Maximizing Shareholder Value, Streamlining
the business, Risk Management and Business start-ups. Being the best
in class in Financial Strategy, Investment Management, Treasury/Tax
Management, Financial Operations and Performance Management has given
him additional leverage in his career. He
is a Business & Career Coach
and he provides business coaching to Business owners, Entrepreneurs, CEOs
and Corporate executives. Anthony
is also a Business and Financial Consultant to Small and Medium
Enterprises and has lectured on Finance and Accounting for Singapore
Accountants Academy, Nanyang Polytechnic, University of Southern
Queensland, Curtin University and La Trobe University He conducts workshops on finance, accounting and management accounting; and Letter of credit and credit management for MNCs such as SINGTEL and Nagase. He also conducts finance workshops in Malaysia for the Asia Pacific Institute for Management Development. Companies which have benefited from his workshops include MARA, SBB Mutual Berhad, National Insurance Company, International Islamic College, Hotel Armada, The Golf Club, Datai Bay, Goodyear Rubber Industries, TNT Malaysia, Exxon-Mobil Malaysia, Dunlop Malaysia, Bank Negara, The Central Bank of Philippines & Suruhanjaya Komunikasi & Multimedia Malaysia. Anthony
is a member of the Association of Chartered Certified Accountants
(U.K.) and holds a MBA from the distinguished Cranfield School of
Management, United Kingdom. He
also holds an Advanced Postgraduate Diploma in Management Consultancy from
the distinguished Henley Management College in United Kingdom.
He has a Diploma in Business Law from the National University of
Singapore COURSE FEESK Lumpur – RM1,595 per person
TEAM DISCOUNT (For organisations sending 3 or more participants) K Lumpur – RM1,395 per person
REGISTRATION DEADLINE 1 week before each scheduled date |
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