Course Outline of Financial Management for Non-Financial Staff

Part 1、The reading and analysing of financial reports
1.1 The functions of financial reports
1.2 The fundament of financial reports
1.3 The reading of financial reports
1.3.1 Balance sheet
1.3.2 Profit and loss statement
1.3.3 Cash flow statement
1.3.4 Comprehensive reading
1.4 Case study of how to analyse the reports

Part 2、The improvement of net cash inflow based on the reports
2.1 The improvements based on the cash statement
2.1.1 The main reasons of short of cash
2.1.1.1 Unexpected decrease of sales revenues
2.1.1.2 Overstock
2.1.1.3 Irrational acounts receivable
2.1.1.4 Investment of fix asset with excess capacity
2.1.1.5 Excess external investment
2.1.2 The cash problems shown in cash statement
2.1.3 The approaches of increaing cash inflow
2.2 Problems beyond the reports

Part 3、The establishment of cost control system
What are the objects of cost control?
Poor management cost examples
Relationships between Cost control system and other systems

A、The basic of cost control system
A1、Definition of cost and expense
A2、Multiple resource input and multiple cost object output process
A3、Limitations of traditional cost management
A4、Principles of CSS cost control system
A5、New cost analysis methods of CSS system
A6、Guidance of making cost standards

B、The management of cost objects
B1、Pure product cost
B2、Quality cost
B3、Efficiency cost
B4、Sales region or customer cost
B5、Risk cost
B6、Human resource cost
B7、Capital cost
B8、Purchase cost
B9、Safety cost

Part 4、Budget Management
4.1 Definition of budget management
4.2 Case study: How to make master budgeting

Part 5 Capital Managemement
5.1 Purposes of capital management
5.2 Financial leverage
5.3 Introduction to NPV
5.4 Merger and acquisition