Finet Associates is a specialist consulting and training company. It has been delivering financial skills training to more than 20000 executives
across the ASEAN region. Kenny Tay FCCA FCMA, is the Managing Consultant of Finet, and also CEO of the Australia New Zealand
Institute. He will conduct the 2 training events personally. He was a senior executive at major North American banks and securities
dealers before becoming a management consultant at Finet Associates. He also authored the book, Financial Intelligence, published in 2019.
Businesses everywhere are now scrambling to manage the fall out of the on-going pandemic, economic sanctions arising out of the Russian – Ukraine war, and weakening economies of the major markets in Europe, Japan and the United States. The global uncertainties will continue in the near term and businesses are re-sizing their investments and operations, increasing their cash reserves and controlling their operating costs. The domestic economy is also facing uncertainties. Finet Associates believes in the urgency of managing costs and strengthening cash flows now as a priority besides seeking more revenue. These two urgent issues are going to be addressed in full-day executive training seminar which will provide a framework for participants to take practical actions for building cash flow and protection of profits. Implementation support is also available
This is a 4—hour event to focus on the elements of cash flow generation and the tools for managing debtors collection. All of
these involve the management of the company’s working capital and funding structure. At the end of the session, participants
will acquire a framework to implement more effective cashflow plans, and sales collection practices. Building cash flow and
reserves is urgent, it cannot wait.
1. Cash flow and working capital
A. Funding structure of a business
B. Working capital of the business
C. Cash flow planning and control
2. Managing cash flow risk
A. Operational cash flow sources
B. Working capital funding
C. Non-working capital funding
3. Credit policies and practices
A. Business strategy and policies
B. Credit risk management
C. Credit scoring and decisions
4. Collection policies and practices
A. Credit collection effectiveness
B. Collection tools
C. Collection skills and practices
Audience: Accounting executives. CFO and senior managers would also find this helpful for their cashflow strategy development.
This is another 4—hour session that begins with the key issues of how costing products and services affect pricing. This is the basis
of profit improvement. This is followed by an understanding of cost-revenue relationships in the company, and the process of
starting a cost reduction programme in the company. On completion, participants would be able to explain and assist in cost
reduction activities. Cost reduction and savings activities are a priority, so begin now. It takes time for results to come.
1. Organizations and costs
A. Overview of basic cost ideas for managers
B. Types of costs in business
2. Business costing & pricing practices
A. Business costing practices
B. Types of pricing practices
C. ROI improvement
3. Costing & pricing risk management
A. Cost–revenue relationships
B. Business risk and risk pricing
C. Managing business risk
4. Implementing cost saving campaigns
A. The economics of cost savings
B. Where the cost saving opportunities are
C. Starting a cost control activities @ work
Audience: Managers and executives of all operating functions. Senior managers and the CFO would also find this helpful