Every industry is continually changing and our travel industry is no different. All these market changes are adversely impacting our business performance and making it more difficult to survive.
It is becoming more critical for all business managers, not just the directors and owners, to better manage their profits and growth and also to identify and manage the key business risks affecting their business in order to ensure their business survival.
In line with this objective, we are coming up with a series of courses under the title “A Manager’s Guide to Travel” designed to help the business managers, directors and owners tackle the market challenges.
This course “A Practical Approach to Financial Accounting” is the first under this Manager’s Guide to Travel series and is designed to help the participants understand their business in a language expressed in numbers. With this foundation in numbers, we will go on to introduce future topics on Profitability, Growth and Business Risks.
Using practical examples and real cases from the travel industry participants will learn of the commonly encountered situations where they will understand the numbers behind the decisions and performance measures.
Having a solid understanding of financial terms, statements and metrics is critical to becoming a successful entrepreneur or manager.
Participants will become comfortable with basic accounting tools and concepts that they need to more effectively manage their business. They will become a much more confident user of financial information and will be able to effectively engage with their finance leaders.
Participants will learn how to interpret and use the information contained in financial statements to make key operating decisions, evaluate business performance and create forecasts of cash flow.
Key Accounting Concepts
Financial statements Analysis
Performance Analysis and Review
Budgeting and Cashflow
Managing trade credit risks
Accounting for decision making
WHO SHOULD ATTEND
Dato’ Ngiam Foon obtained his accountancy qualifications from the Institute of Chartered Accountants in England and Wales (ICAEW) and the Chartered Institute of Management Accountants (CIMA). He is a member of the Malaysian Institute of Accountants (MIA). He worked as a credit officer and a branch manager in a foreign bank in Malaysia before entering the travel industry. He is also a qualified HRDF trainer.
His track records included transforming existing companies like Mayflower and PST into profitable market leaders and helping a new company, Asia Experience, to become an award winning inbound tour operator. He has also worked in a start-up company involving projects with Alibaba travel marketplace and with a China listed Sports Company in a Belt & Road Initiative marathon project.
Members interested to participate, kindly submit your registration to MATTA Secretariat; attention to Mazlina at firstname.lastname@example.org / Tel No +603 9222 1155 by 10 December 2018, 5.00 pm, with the following details:
MATTA MEMBERSHIP NO:
FEE & PAYMENT MODE:
MATTA Member : RM 200.00 / participant
Non MATTA Member : RM 300.00 / participant
Please remit payment to below account details:
Malaysian Association of Tour & Travel Agents
United Overseas Bank
Account Number : 195-303-900-7
VP Education & Training
Term 2017 – 2019