Many non-financial personnel find finance is mystical and somehow cannot comprehend financial information. The 8 parts of the presentation are designed to help the non-financial personnel to look at finance from their own view point. Instead of learn finance from finance perspective, we learn our own perspective. This is because your goal is to improve your current work not to become a qualified accountant. Crash courses usually can’t provide sufficient knowledge for you to understand finance. Designed from business’s viewpoint, different from other approaches found in the market. Hopefully, we can equip non-financial personnel with business driven financial knowledge. By end of the 8 presentation: 1. You can create your value to increase financial value 2. You can interpret financial reports to make decisions 3. You know how to work on budget 4.You can propose your ideas in terms of dollars & cents 5. You produce the financial numbers that your boss likes 6. You can communicate well with finance department 7. You make collaboration with accountant possible instead of just for the sake of formality

1. Finance For Non-Financial Personnel Part 5
Business Driven Finance Insights For Laymen
Accounting System

2. £ ¥ € ₳ ₨$
The Structure of Finance
For Non-Financial Personnel
educational: free distribution
8 presentations altogether, if you cannot find all the links, kindly email care@3cthinktank.com to request
Part 5
Part 6
Part 7
Part 8
Accounting systems - the systems are not that simple after
all and how your own system integrates to them. Accounting
systems are not IT systems!
Estimation - any activity (you name it) involves estimation,
how can you estimate better? Budget/ Forecast/ Plan.
How the financial data so important to you? Lean & agile.
Valuables take-away - how to work on numbers that
please your boss? What numbers must you always look
at? The hidden financial formula a boss must have.
Decision making - interpret financial information, perform
critical ratios analysis, read different reports, and use
reports for specific needs. Use management accounting
information for your own management needs.

3. £ ¥ € ₳ ₨$
Accounting System
is the skeleton that hold the accounting function
educational: free distribution
But only
part of the
whole
business
system

4. Operation
(Internal)
Management
(Internal)
Financial
(External)
Reports
£ ¥ € ₳ ₨$
educational: free distribution
Accounting System
Activities,
Transactions
& Objectives
Record &
Process
Data
System
Control
model
Business
Transactions
Finance
Objectives
Other Business
Objectives
R&D
Sales
Finance
Operation
Marketing
Cash
Sales
Purchase
Others
Business Activities

5. Operation
(Internal)
Management
(Internal)
Financial
(External)
Reports
£ ¥ € ₳ ₨$
educational: free distribution
Accounting System
Activities,
Transactions
& Objectives
Equipping
PROCEDURES
& POLICIES
TRAINING
MANUAL
ERP/ ACCOUNTING
APPLICATION
CONTINUOUS
LEARNING
ACCOUNTING
TEAM
BUSINESS
INTELLIGENCE
INTEGRATING TO
OTHER SYSTEMS
Record &
Process
Data
System
Control
model
Business
Transactions
Finance
Objectives
Other Business
Objectives
R&D
Sales
Finance
Operation
Marketing
Cash
Sales
Purchase
Others
Business Activities

6. £ ¥ € ₳ ₨$
educational: free distribution
In Summary
1. Accounting systems record & manage business
transactions to their activities to report their objectives
2. Accounting systems MUST integrate with other
business systems to smooth the record function.
3. Enhance the accounting systems by equipping them
with methodology, technologies, & guidelines.
4. Systems include upgrading finance members.
5. Accounting systems hold the finance function by:
[mindsets-behaviours-treatments-manage information]
Accounting System Not IT Solution

7. £ ¥ € ₳ ₨$
Accounting system Illustration
educational: free distribution
Inventory Management
Goals To
Manage
Inventory
● Target cash flow, costs, & inventory level
● Track sales and inventory moments
● Understand its position for strategic plan
● Check point to operate efficiently
Purpose Of
Inventory
Reports
● Monitor cash flow, profit, & inventory
● Holding costs, purchase, & obsolete
● Valuation, liquidity, & life-cycle
● Efficient by reorder level & EOQ
1
2

8. £ ¥ € ₳ ₨$
Accounting system Illustration
educational: free distribution
Inventory Management
Infor. for
business
activities
● Sale order lead to inventory status check
● Make inventory purchase at reorder level
● Move inventory to and for warehouse
● Stock count and check
Source
document
& Controls
● Filing & matching of document
● Scanned or physical
● Execution procedures & procedures
● Internal audit & Segregation of duties
3
4

9. £ ¥ € ₳ ₨$
Accounting system Illustration
educational: free distribution
Inventory Management
Input &
Process
Data
● Input by barcode, keyboard, handwritten
● Manual or computerised storage
● All input data will be stored
● Process or further process -> reports
Control &
Monitor
Business
● Diagnose and interpret the reports
● Response to the results in the reports
● Positive, negative feedback or new goal
● Track progress
5
6
Record Activities by transactions
Generate reports
Control

10. £ ¥ € ₳ ₨$
Accounting system Illustration
educational: free distribution
Inventory Management
Equip by
way of
rules
● Department mission, goals, & strategies
● Accounting policies and core values
● Job design and sharing
● Learning - upgrade & orientate
Equip by
way of
technology
● IT & Non-IT hardware & Infrastructure
● Applications (with/ without integration)
● Internal/ external security
● Level of automation & robot platform
7
8

11. £ ¥ € ₳ ₨$
Accounting system Illustration
educational: free distribution
Inventory Management
Integration
● Accounting systems facilitate finance department to discharge its duty
● Use $ to interact and communicate to inventory function
● Record data; value stock; formula for reorder, minimum order,
Economic order quantity; etc
● Inventory function is a integrator for sales and purchase departments so
that the entire supply chain can be establish
● Accounting systems make use of inventory function to integrate with the
activities of sales and purchase department
9

12. £ ¥ € ₳ ₨$
● You know Accounting System VS IT System
● You appreciate how different systems integrate to the AS
● You know how finance department upgrade their system
educational: free distribution
Are You On Track?
Look For Next Presentation:
Finance For Non-Financial
Personnel - Part 6

13. £ ¥ € ₳ ₨$
educational: free distribution
care@3cthinktank.com
3CTT is a management consultant who advise and run projects for holistic business solutions,
usually end-to-end, to improve business and make achievements. They cover all business
functions with unique IT enhancements to increase companies’ competitive advantages,
maximizing revenue, liquidity, & profit while designing highly effective organization.
We had been recognised by many as Trusted Advisor, Growth Driver, Turnaround Expert,
Exceptional Motivator, Strategist, Business Designer, and Dynamic Change Agent
For more information: www.3cthinktank.com
8 presentations altogether, if you cannot find all the links, kindly email care@3cthinktank.com to request
All the 8 presentations are the overview, PLEASE
email us if you like to get more benefits from them.