Finance for non financial personnel - part 1

Finance For Non-Financial Personnel Part 1Business Driven Finance Insights For Laymen

This is Made Available By 3CTT

$ £ ¥ € ₳ ₨

educational: free distribution

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Designed from business’s viewpoint, different from other

approaches found in the market. Equip non-financial

personnel with business driven financial knowledge

Purpose

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Everyone need to … especially managers

whose responsibilities directly related to the financial performance

need to know this?

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“Ironically, whilst we all go for money, most laymen are alienated to financial knowledge

not because of intelligence but fear”


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Can we just do without looking at the

financial portion?

Only if the world operates without money!

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If We Ignore or Lack Of Financial Knowledge

Cannot be promoted

Less agile in complex situation

Worry budgeting

Wrong estimation

Unable to analyse financial information for

decision making

Can’t adjust own operation to work in

harmony with finance department

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● Your goal is to improve your current work not to become a qualified accountant.

● Crash courses usually can’t provide sufficient knowledge for you to understand finance

● If you go for normal “finance for non-financial personnel”, can you really apply your knowledge into your own works to gain benefit?


Why Learn Business Driven Finance?

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● “Business driven” suggests you learn finance through your own perspective. This starts from your mind, behaviour, and the way you works.

● Your learning boost your performance directly. ● Making you a better supervisor, manager, director,

CEO or entrepreneur.



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● You can create your value to increase financial value● You can interpret financial reports to make decisions● You know how to work on budget● You can propose your ideas in terms of dollars & cents● You produce the financial numbers that your boss likes● You can communicate well with finance department● You make collaboration with accountant possible

instead of just for the sake of formality



£ ¥ € ₳ ₨$JC - Manager Director Of 3CTT


Was CFO, CEO, Senior Manager, VP Business Development before incorporated 3CTT

Trusted Advisor, Growth Driver, Turnaround Expert, Exceptional Motivator, Strategist, Business Designer, and Dynamic Change Agent

Rich experiences in vase industries, held several top management positions. JC notices many people misunderstanding finance and finance department. Despite many managers financial by profession or by subsequent courses, misunderstandings and conflicts never cease. Reason simple they cannot see how finance can help them.

JC decided to design the financial knowledge aims to help the non-financial personnel to look at finance from their own view point. Instead of learn finance from finance perspective, we learn our own perspective.

We call this “Business Driven Finance”

£ ¥ € ₳ ₨$The Structure of Finance For Non-Financial Personnel


Part 1

Part 2

Part 3

Part 4

Introduction and explain the importance of learning business driven finance

Misconceptions - to describe the common misread of the laymen about the accounting department and it practise. Fundamentals of financial knowledge-set your perspective.

Records - understand the principles that used in recording transactions & how your activities related to them. Very important but have been ignore by many.

Reports- learn evaluate financial information, perform critical ratios analysis, and read different reports. From your perspective, how to use the reports in the best way.

8 presentations altogether, if you cannot find all the links, kindly email [email protected] to request

mailto:[email protected]

£ ¥ € ₳ ₨$The Structure of Finance For Non-Financial Personnel


Part 5

Part 6

Part 7

Part 8

Accounting systems - the systems are not that simple after all and how your own system integrates to them. Accounting systems are not IT systems!

Estimation - any activity (you name it) involves estimation, how can you estimate better? Budget/ Forecast/ Plan. How the financial data so important to you? Lean & agile.

Valuables take-away - how to work on numbers that please your boss? What numbers must you always look at? The hidden financial formula a boss must have.

Decision making - interpret financial information, perform critical ratios analysis, read different reports, and use reports for specific needs. Use management accounting information for your own management needs.



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● Real value come from you and not

changing numbers to produce miracle

● Everyone can read financial information

● Director is legally responsible for the

financial numbers, not the accountant

● Collaborate with accountant can add value

● If you still fear finance don’t move on


Correct Mindset Before You Move On

Look For Next Presentation: Finance For Non-Financial Personnel - Part 2

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[email protected]

3CTT is a management consultant who advise and run projects for holistic business solutions, usually end-to-end, to improve business and make achievements. They cover all business functions with unique IT enhancements to increase companies’ competitive advantages, maximizing revenue, liquidity, & profit while designing highly effective organization.

We had been recognised by many as Trusted Advisor, Growth Driver, Turnaround Expert, Exceptional Motivator, Strategist, Business Designer, and Dynamic Change Agent

For more information: www.3cthinktank.com


All the 8 presentations are the overview, PLEASE email us if you like to get more benefits from them.



http://www.3cthinktank.com
