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Sunday, 16 March 2014

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Finance for non-finance managers

A program on finance for non-finance managers launched in February by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will make a comeback this month following overwhelming demand, due to its unique program outline which gives professionals from non-finance background, a thorough knowledge on finance, helping them with their day-to-day operations.

The program, 'The Bottom Line' and conducted by subject expert Hussain Moosajee teaches participants on how to apply the fundamentals of finance by helping them improve their budget management, increase profits, and asses the financial viability of projects in today's constantly changing business environment.

The two-day repeat program on March 26 and 27 will focus on the role of a finance division amidst other functional divisions, understanding financial accounting terminology, balance sheet terminology, capital versus revenue expenditure, the accounting process, comprehensive understanding of the three types of financial statements, cost analysis, and in-depth emphasis on working capital management.

According to Director, Tracks Manufacturing at Loadstar, J. F. Migneault, the program was well-structured, with a good overview of the finance and accounting sector, which gave managers without a financial background, a thorough understanding of the subject.

Director, Bettans Group, Himali de Silva said the program was useful as it covered many areas while explaining key terms using real life problems as examples.

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