- Economics & Finance
- 26 (Registered)
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Level
- Refresher
Accreditation
- 5 SIDC CPE points
- 4 FIMM CPD points
ICF Competency Type / Title / Level
- Functional – Technical/ Fundamental Analysis / Level 2
Learning Outcome
- Describe the financial ecosystem and how they relate to you
- Explain the concept of time value of money
- Recognise the key components of financial statements and financial jargon
Course Synopsis
Finance is one discipline which everyone should have at least a working knowledge of. It is especially important for all executives and managers to have basic finance knowledge in order to make better business decisions. Every action has an impact on the bottom line.
This Finance for Non-Finance Professionals – Understanding Financial Statements Course will give you an idea about our financial ecosystem, why finance is important to you and a company, and teaches you how to read and understand financial statements. After this course, you will also understand the financial jargons that are commonly used. This is a difficult to understand topic made easy and presented in relatable situations for people with low or zero financial knowledge.
Testimonial from User
“I have zero finance knowledge, but I understood at my first watch.”
Course Content
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Downloadable Notes
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Why Finance is Important
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The Financial Ecosystem and How They Relate to You
- The banking system i) Main purpose ii) Commercial banks iii) DFIs iv) BNM
- Investments i) Main purpose ii) Stocks iii) Bonds and sukuk iv) Main players v) SC vi) Bursa Malaysia
- Pension and provident funds i) EPF ii) KWAP iii) LTH iv) SOCSO
- Insurance & takaful
- Other financial entities i) Venture Capital and Private Equity ii) E-money iii) Payment and remittances iv) Leasing and factoring
- Debrief
- Quiz
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The Concept of Time Value of Money
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Key Components of Financial Statements and Financial Jargon Explained
- Users of Financial Information
- Directors’ Report
- Independent Auditors’ Report
- Additional Information in Annual Report
- Statements of Financial Position
- Statements of Changes in Equity
- Statements of Profit or Loss
- Statements of Cash Flow
- Group Financial Statements and Notes to the Financial Statements
- Working Capital
- Quiz
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Car Loan vs Housing Loan
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Conclusion
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Summative Assessment