Vietsourcing Group Joint Stock Company

Objectives

As a Director, have you ever been in similar situations:

• “I am doing business without knowing how much money I have”;
• “As I have no idea about tax or accounting, I rely on my chief accountant and sign on what ever documents s/he gives me”; or
• “profits were distributed but we don't know if we have to ask for return for tax payment”; and
• "we have several big projects going on which seem profitable. But I can't understand the accompanied sophisticated accounting figures"

All the answers can be found in the course “Finance for non Financial Leaders” which equips you with:

• The viewpoint on how to use Finance – Accounting information to make essential management decisions such as working capital management, budget making, investment analysis...
• Examples of the typical, standard financial reports with plenty of explanation that will help attendances understand those same kinds of reports when they see them in their company
• Knowledge on cash flow, its importance and how to manage it
• Some help in mastering the tools of finance where they can be useful to attendances without wasting time explaining the deep details that will likely never benefit attendances
• Huge practical knowledge about tax, basic impacts of tax to enterprises and individuals, typical concerns of businesses and the way to legally minimize tax liabilities

Attendances

The course is particularly tailored for BOD members, section leaders, non-financial managers and for those who want to improve their knowledge on Finance and Accounting.

Course Outlines

• Managing a Company in Today’s Business Environment
• The Role of the Finance Department and the “Rules” of Financial Reporting
• The Relationship of Finance and Accounting to the Other Department

• The Chart of Accounts
• What Do Accountants Do?
• Cash Accounting and Accrual Accounting
• The Principal Financial Statements
• Profit vs. Cash Flow – The Different and Who Cares
• Cash-flow Statement

Critical Performance Factors: Information Need to be Found

• Definition of Critical Performance Factors
• Measures of Financial Condition and Net Worth; Profitability; Financial Leverage; Productivity
• Trend Reporting: Using History to Predict the Future

Financing the Business: Understanding the Debt vs. Equity Options

• How a Business Gets Financed
• Short-Term Debt and Long – term debt
• Convertible Debt
• Capital Stock—Types and Uses

Attracting Outside Investors

• The Start-up Company
• Professional Investors
• Venture Capitalists
• The Initial Public Offering
• Strategic Investors
• Acquisition

Taxation and its effects on business

• Introduction to taxation
• Corporate Income Tax
• Value Added Tax
• Personal Income Tax