DRIVING PROFESSIONAL STANDARDS
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<strong>DRIVING</strong> <strong>PROFESSIONAL</strong> <strong>STANDARDS</strong><br />
2015 MII PROGRAMME DIRECTORY<br />
Title<br />
Venue<br />
Who Should<br />
Attend<br />
Course Outline<br />
Key Learning<br />
Objectives<br />
Key Topic<br />
4.02 Finance for Non Finance Managers<br />
Duration<br />
Time<br />
2 Days 9.00 am to 5.00 pm<br />
The Malaysian Insurance Institute City Centre<br />
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.<br />
This course is primarily suited for non-finance managers in the insurance industry operating outside the finance<br />
function and without formal training in finance and accounting.<br />
It is essentially useful for those who need to gain the tools to perform more accurate analyses of their business<br />
operations to provide a sound foundation for improving their business decisions and profitability.<br />
An in-depth knowledge of finance and Excel is not required, however participants should be reasonably comfortable:<br />
• Working with financial statements and basic financial concept including trends and ratios, payback period<br />
and DCF(NPV & IRR)<br />
• Using spreadsheets, formulae, basic formatting and creating charts in Excel<br />
1. Meaning of Financial Statement Reporting (IFRS/IAS)<br />
• Statement of Profit or Loss & Other<br />
Comprehensive Income (Income Statement)<br />
• Statement of Financial Position (Balance Sheet)<br />
• Cash Flow Statement<br />
2. Common Pitfalls in Financial Statement Reporting<br />
3. Aspects of Excel’s Functions Essential for Finance<br />
[Hands on practical exercise]<br />
4. Basics of Budgeting & Budgeting Control<br />
• Key Operational Budget & Master Budget<br />
• Fixed Budget Versus Flexible Budget<br />
• Variance Analysis and its importance<br />
• Limitations in Budget Preparation [Practical<br />
exercise on how to prepare simple Budgets]<br />
5. Break-Even Analysis<br />
• By Revenue Example<br />
• By Quantity Unit Example<br />
[Hands on Practical Exercise]<br />
6. Financial Ratios Analysis<br />
• Liquidity Ratios<br />
• Activity Ratios<br />
• Profitability Ratios (inclusive of ROE)<br />
• Financial Leverage Ratios<br />
• Trend Analysis<br />
At the end of the course participants will be able to:<br />
• Apply basic financial analytical took and techniques<br />
• Evaluate business profitability and minimize risks<br />
• Increase asset value and reduce costs<br />
• Appraise and select profitable capital investment projects<br />
• Measuring Financial Performance of a Business Organization<br />
• How to Evaluate the Financial Position of a Business Organization<br />
• Managing Business Organization Assets and Costs<br />
• How to Appraise and Select profitable Capital Investment Projects<br />
FEES<br />
MEMBER<br />
RM 900<br />
GROUP MEMBER<br />
RM 850<br />
NON MEMBER<br />
RM 1,100<br />
GROUP NON MEMBER<br />
RM 1,050<br />
In today’s global business environment, there is a dire need<br />
for all business or functional heads to understand and<br />
apply essential financial management knowledge, skills and<br />
tools with the aid of IT to manage their respective areas<br />
effectively and profitably, they can gain a competitive edge.<br />
(Note: Incorporating hypothetical case studies of insurance companies)<br />
[‘Measuring Financial Ratios of an Insurance<br />
Company over time and against industry benchmark<br />
and its interpretation]<br />
[Hands on Practical Exercise]<br />
7. Risk & Expected Return<br />
• Understanding of concept Risk and Return<br />
CAPM<br />
[Hands on Practical Exercise]<br />
8. Capital Investment Appraisal Techniques<br />
• Payback Period<br />
• Profitability Index<br />
• DCF(NPV& IRR)<br />
• Advantages & Disadvantages of DCF<br />
[Hands on Practical Exercise]<br />
9. Case Studies (Using Financial Ratios of an<br />
Insurance Company & Capital Budgeting<br />
Techniques)<br />
INTERNATIONAL<br />
USD 300<br />
GROUP INTERNATIONAL<br />
USD 280<br />
ISLAMIC<br />
FINANCE<br />
Title<br />
Venue<br />
4.03 Introduction to Islamic Finance<br />
Duration<br />
Time<br />
2 Days 9.00 am to 5.00 pm<br />
The Malaysian Insurance Institute City Centre<br />
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.<br />
FEES<br />
MEMBER<br />
RM 900<br />
GROUP MEMBER<br />
RM 850<br />
NON MEMBER<br />
RM 1,100<br />
GROUP NON MEMBER<br />
RM 1,050<br />
IMPORTANT NOTE:<br />
Course outline for Introduction to Islamic<br />
Finance can be obtained from our website at<br />
www.insurance.com.my or please contact<br />
our sales team at sales@mii.org.my<br />
INTERNATIONAL<br />
USD 300<br />
GROUP INTERNATIONAL<br />
USD 280<br />
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