Finance for the Supply Chain Professional training centre in Bangladesh

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Finance for the Supply Chain Professional

Introduction

Finance is an important business sector as well as a functional area. However, some executives in the financial services sector as well as functional roles have incomplete or outdated knowledge of it. To effectively discharge their duties and communicate financial plans and performance to others they need to brush-up their knowledge in this domain. Managers, as they progress through the ranks, need superior knowledge to earn respect and trust of stakeholders. This course is meant for them.

Benefits
Participants will get a good understanding of the meaning, role and scope of Finance in modern business. They will be exposed to theories that Finance is built on. Departmental managers will see how Finance impacts the overall operations of the firm and vice-versa. They will confidently convey financial information across the firm and beyond. Managers will appreciate concepts like NPV & ROI and be able to exchange decision-useful information with upper management. They will use contemporary financial terminology.

How participants will benefit after training

After completing the course participants will be able to:
(a) describe a basic accounting system, journal entries, and the nature & purpose of audited financial statements;
(b) describe and interpret the statement of financial position, statement of comprehensive income and statement of cash flows;
(c) describe working capital and apply techniques of working capital management;
(d) draw up a cash budget;
(f) carry out basic ratio analysis;
(g) value stocks & bonds;
(h) apply basic capital budgeting techniques.

Methodology

Lecture, power point, white board, handout & exercises. Class participation will be encouraged and quizzes & tests will be administered to reinforce learning.

Contents of Training:

Session-wise Outline

Module 1
-Describe double-entry book-keeping system,
-Define, describe & illustrate the accounting equation,
-Differentiate between real & temporary accounts

Module 2
-List & describe the types of audited financial statements,
-Describe differences between them & their inter-relationship,
-Define capital employed

Module 3
-Define & illustrate journal entries,
-Define subsidiary ledger & give examples,
-Define general ledger & give examples of G/L accounts,

Module 4
-Define & describe the trial balance,
-Describe the stages of the trial balance,
-Describe the control functions of the trial balance

Module 5
-Define & describe the statement of financial position (SoFP),
-Describe its structure, define static concept,
-Describe the uses of the SoFP

Module 6
-Define & describe the statement of profit or loss & OCI,
-Describe its structure, define flow concept,
-Describe the uses of profit or loss statement & OCI

Module 7
-Define the statement of cash flows, show how it is constructed,
-Describe its structure,
-Describe its usefulness

Module 8
-Describe the audited annual report & list its contents,
-List the weaknesses of assurance,
-State the importance of notes to accounts.

Module 9
-Define cost accounting & describe how it differs from financial accounting,
-Describe different ways in which costs are recorded & accumulated,
-Prepare a simple Cost of Goods Manufactured A/C.

Module 10
-Define & describe the time value of money (TVM),
-Define discounting & compounding & give examples,
-Describe discounted cash flow (DCF) & show applications.

Module 11
-Define capital budgeting,
-Describe net present value (NPV) & IRR concepts,
-Apply NPV & IRR to a simple capital budgeting exercise,

Module 12
-Define operational budgeting & describe its importance,
-Prepare a simple cash budget,
-¬Describe the role of assumptions in preparing it.

Module 13 & 14
-Define financial ratio analysis & describe the technique,
-Describe its usefulness,
-Calculate & interpret selected financial ratios.

Module 15
-Define working capital & cash conversion cycle,
-Differentiate between net & gross working capital,
-List & describe common methods of managing WC.

Module 16 & 17
-List & describe modes of financing exports,
-List & describe modes of financing imports,
-Describe two domestic modes of financing,

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