FINANCE FOR NON-FINANCE PROFESSIONALS IN POWER & UTILITIES

20 – 21 February 2017 ,Kuala Lumpur Malaysia

About The Course

This 2 day programme will give participants the confidence and ability to communicate with accountants & finance managers and improve their own financial decision making. For Power & Utilities engineering professionals, a high level of technical expertise is no longer sufficient for superior management performance. Engineering professionals who wish to succeed in the energy industry are required to develop skills beyond their core functional knowledge.

An understanding of financial information and management, and an awareness of the economic theory that drives value creation are an integral part of the managers required suite of skills. This course is specifically designed for those with engineering training from the Power & Utilities sector and require only basic mathematical ability as a pre‐ requisite. The course is presented in a manner that reduces the jargon to basic principles and applies them to numerous real life examples.

Learning Outcomes

Demystify financial jargon so you can communicate effectively with finance and accounting staff
Understand how the activities of power generation and utility companies are reflected on the Balance Sheet and Income Statements
Learn the key financial ratios and what they mean: Profit margin, Return on equity, Asset turnover, Leverage, etc.
Discover the distinction between cash flow and profit, and the importance of liquidity
Determine how to evaluate and justify capital expenditure proposals to those in command
Improve your company performance through effective working capital management
Learn how to calculate tariffs that recover all costs and generate profits
Learn about accounting and finance in a small group of others from the same industry

Who Should Attend

This session has been researched and developed for Managers, Superintendents, Supervisors, Engineers, Planners, Team Leaders and Project Coordinators in technical and non-technical departments in the Power & Utilities industry.

Course Faculty - Dr. James Hay

James Hay has presented over 100 courses and seminars in financial management. He began his career as a graduate in the Corporate Treasury of WMC Ltd having completed a degree in Applied Mathematics and Geology at Monash University.

After 5 years with WMC he pursued an MBA in finance and accounting at Cornell University in New York.

Upon returning to Australia, he rejoined WMC Ltd in Perth as a Senior Financial Analyst in the Minerals Division and subsequently as an Energy Analyst in the Petroleum Division.

In April 1997, he established an independent consultancy business providing advice to companies such as Woodside, Shell and Japan Australia LNG (MIMI). His background in geology and mathematics allows him to empathise with those who seek an understanding of finance but are approaching the learning experience with a technical mind.

He receives consistently high ratings for his breadth of knowledge of the subject matter. He presents in a lively interactive style using real life examples and cases.

PAST TESTIMONIALS

“Worth every penny of training investment the company paid. Would really create a lot of value for companies”- First Gen Corporation

“Wonderful learning experience” – Petronas, Kimanis Power Station

“The trainer has given some grounding for me to understand some of the issues” – Power Seraya

“Finance Made Accessible” – Sembcorp Industries

“Very Useful … learned MBA concepts in 2 days!” – First Gen Corp

This training course has a limited attendance for up to 20 participants only. Sessions commence at 9am on all days, with short intervals at 10.30am and 3.30pm respectively. Refreshments will be provided in the short intervals. Lunch will be provided at 12:30pm for 1 hour. Sessions will end at 5pm on all days.

Unique Features with powerEDGE Training

• Pre-Course Questionnaire to help us focus on your learning objectives
• Detailed Course & Reference Manual for Continuous Learning and Sharing
• Practical Exercises & Case Examples to better understand the principles
• Limited class size to ensure One-to-One Interactivity
• Assessment at the end of the course to help you develop a Personal Action Plan