《非财务人员的财务管理》课程大纲（英文）

[Background]

Effective financial management for profit-oriented organization must be based on two mechanisms: the net cash inflow and the cost control. The former is to solve the survival problem, while the latter the development. Therefore, the non-staff should start with these two aspects so as to have a good understanding of the whole operations of financial management.

[Objectives]

1、   To understand the structure of financial management and the methods of beginning study;

2、   To develop skills of reading and analyzing the financial statements as well as their terms;

3、   To learn how to make the cash management based on the financial reports;

4、   To learn how to build the cost control system from the views of internal operations in order to achieve effective costing, analyzing, and controlling;

5、   To learn how to cut poor management costs;

6、   To understand the master budgeting;

7、   To develop basic skills of capital management。

[Contents]

Introduction to financial management 

Introduction to the net cash inflow system

Introduction to the cost control system

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

[Lecturer]

Name: Lin Jun (John)

Educations and Qualifications:

1)      Master degree of accounting at UNSW in Australia;

2)      Bachelor degree of Maths at Jinan University in PRC;

3)      Associate of Australian Society of CPAs;

4)      Tutor of EMBA at Zhongshan University in Guangzhou.

Teaching and Consulting Experiences:

1)      Financial Management for Non-Financial Staff: 500 companies including Fuji Xerox, Lucent, Apple Computer, Baxter, AIA, Otis, TUV, Moen, Avon, Hoya, BOE, and etc.

2)      The establishment of cost control system: 200 companies including Wuyang Honda, Guangxi Yuchai Machine, ZTE, Kelon, PICC, Midea, PCI, Toyo Conditioner, Fuji Xerox, Beijing Jeep, GZ Hitachi,and etc.

3)      Comprehensive Budgeting: Guangdong Mobile Group and its subsidiaries.

Advantages: Cost Management and Budgeting, ERP.