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Grow Your Business with Sound Financial Management Practice Discount

Programme Code 10006915-15
Start Date08-04-2019
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Fannie Kwok, Tel: 27886271

Programme Info

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Course Background

Financial management refers to the efficient and effective management of funds in such a manner as to accomplish the objectives of the organization. It is the process of planning, organizing, directing and controlling the financial activities (such as sourcing and utilization of funds) of the enterprise and includes financial planning, budgeting, management of working capital and financial control.
Financial management has been one of the most common problems facing SMEs. Good financial management is critical to the success of any business. It helps to ensure your available business resources are used efficiently and effectively to provide an optimum return to you. The ability to plan financial matters effectively can help business grow and adapt to the changing and challenging economic environment, and ultimately to achieve the financial objectives and maximise shareholder’s wealth.
 
To stay afloat in times of economic uncertainty, strengthening your financial management capability is your best defense strategy. Good financial management will enable you to:
 

  • Direct and allocate your financial resources effectively to meet strategic goals and objectives.
  • Manage your costs effectively to increase profitability.
  • Manage your liquidity and cash flow better so that you will have sufficient funds when they are needed.
  • Strengthen the controls over cash and inventory to better safeguard your assets.
  • Improve the process of managing your debts, credit and collection, and optimize your working capital.
  • Better estimate of your capital requirements and have an effective mechanism for making sound capital investment decisions to improve investment returns.
 
 

This Course will Show You

  • Functions of financial management
  • How to develop your business and financial plan
  • Budgeting process
  • Financial forecasting & modelling
  • Financial analysis and how to assess the financial health of your organisation
  • Cash and treasury management
  • Working capital management
  • Investment appraisals / Capex project prioritization
  • Procurement control – optimize the value for what you buy
  • How to manage your costs
 

Target Participants

Business owners, C-Level or business management, finance and accounting professionals, and people who are responsible for or involved in planning and budgeting activities are all welcome to join.
 

 TargAward of Certificate

Participants who have completed individual workshop will be awarded a certificate of attendance issued by the Hong Kong Productivity Council
 

Learning Objectives / Course Outline

This course will explain the key elements of financial management and learn how to manage organisation’s financial resources and funds in such a manner as to accomplish the objectives of the organization.
 
  1. Functions of financial management
  • What is financial management
  • Purposes of financial management
  • Key elements of financial management
 
  1. Financial Planning, Budgeting and Forecasting
  • Financial modelling, pro-forma P/L and B/S and projected cashflow statements
  • Budgeting process – preparation, approval, monitoring, budget change control and budget contingency utilization
  • Scenario planning and sensitivity analysis
  • Forecasting process
  • Variance analysis
 
  1. Financial Controls
  • Financial analysis and how to assess the financial health of your organisation – liquidity ratios, financial risk ratios and performance ratios
  • Cash and treasury management
  • Working capital management
  • Investment appraisals / Capex project prioritization
  • Procurement control – optimize the value for what you buy
  • Managing your costs
 

Facilitator

Founder of Top Wise Management Limited that provides consulting services and business solutions in financial management, risk management, internal control, process improvement and training, Mr. Anthony Lam has over 30 years of experience in enterprise risk management, corporate governance, auditing, financial management, ERP system implementation and IT control and security.
 
Prior to running his consulting business, Mr. Lam had worked in Big Four Accounting Firm in Hong Kong and held various management positions in global US multinational corporations, HK listed companies and government statutory organization across a wide range of industries. He has conducted many training on corporate governance, risk management and control for various organizations.

 

Duration

6 lecturing hours
 

Venue

1/F, HKPC Building, 78 Tat Chee Avenue, Kowloon Tong
 

Medium of Instruction

Cantonese with English Terminology (Handouts in English)
 

 Award of Course Fee

HK$2,400 / HK$2,280 (Friends of SME One) / HK$2,160 (2 or more from the same organization)
DiscountDiscount Recommended ProgrammeRecommended Programme CEFCEF Subsidised by RTTPSubsidised by RTTP FreeFree ConfirmedConfirmed QF LevelQF Level

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