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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 AnalysisChoosing the Most Important Changes to make

2. Making comparisons Comparing out the relative importance of different

3. Decision Matrix analysisWhile 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 AnalysisUnderstanding the pressures for and against change

7.  Six Thinking HatsLooking 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?

3. How to use the tool. Case studies and practical exercise


Coffee Break (10.30-10.45am)  

 

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.


B3. DECISION MATRIX ANALYSIS

1. What is Decision Matrix Analysis all about?

2. What are the key factors to be considered?

3. How to use the tool. Case studies and practical exercise

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


Coffee Break (10.30-10.45am)  

 

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 LEADER

Anthony 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. He holds an Associated Certified Meta-Coach (ACMC) certification from the International Society of Neuro-Semantics (ISNS)

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 FEES

K 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

Click here to register

 

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