Finance for Non-Finance Managers



Course Objectives

Accounting knowledge skills are increasingly becoming one of the competencies for many jobs. Many organizations require their staff to manage, analyse and interpret accounting data for various purposes, from visualising data to forecasting sales trends and understanding consumer preferences. Accounting knowledge is thus essential for a department or a team.

This course intends to equip people with basic accounting skills and being able to interpret and analyse financial data.

The objective of the course is to equip learners to understand basic financial accounting principles so as to interpret and analyse financial statements and reports.

At the end of the course, a learner will be able to:-

• Appreciate basic accounting principles
• Explain the different types of financial reports;
• Organise accounting data analysis/reporting
• Interpret key Financial information
• Construct effective Budgets & Controls
• Interpret KPIs for financial monitoring

Course Outline

Day 1

1. Introduction, Course outline, Expectations and Takeaways

  • Business Environment
  • Registration Processes, Government Agencies
  • Regulatory/Accounting bodies- Standards (IFRS and GAAP0
  • Understanding industries/stakeholders

2. Analysing & Tools for Preparing Financial Statements

  • Understanding  Double Entry Concepts
  • Recording Transactions- Journals, Cash Book, General Ledger
  • Understanding Trial Balance, Income Statement  & Balance Sheet

3. Types of Reports –Internal & External

  • Monthly, Quarterly, half yearly and Annual
  • Internal and External Audits
  • Risks –wrong reporting
  • Group Discussions

 4. Assumptions –Sources of information

  • Understanding Relevant and achievable targets
  • KPIs, Assessments relevant to company /industry
  • Case studies & worksheets
  • Summary of Day 1

Day 2

5. Understanding Financial Statements

  • Accounting Terminology within Financial Statements
  • Contents of Income Statements, Balance Sheet & Cash Flow
  • Understanding Income, Balance Sheet (Assets, Liabilities & Equity)
  • Understanding Cash Flows (Operating, Investing & Financing)

6. Analysing & Interpreting Financial Statements

  • Understanding  Vertical Analysis
  • Understanding Ratios  (Performance, Liquidity & Leverage)
  • Case studies & worksheets

7. Planning & Budgeting

  • Understanding  Planning Process
  • Understanding Budgeting
  • Budgeting for Revenues  & Costs
  • Forecasting
  • Monitoring and Control process

8. Capital Budgeting & Investment Analysis

  • Capital Expenditure treatment
  • Capital expenditure budgeting analysis tools
  • Understanding payback periods, cost of capital & rates of returns
  • Case studies & worksheets
  • Summary of day 2

Suitable for

This course is designed for managers and staff who are not in finance roles to understand/analyse basic financial data, reports and statement.

Assumed Skills and Knowledge

Possess good literacy and numeracy knowledge and skills.


Funding Incentives

National Sliver Academy Funding

Participants must be Singaporean aged 50 and above in the year of course commencement.
Funding will be reimbursed to eligible participant after course confirmation.

SkillsFuture Credit (SFC)
With effect from January 2016, Singaporeans aged 25 years and above who received their SkillsFuture Credit account activation letter will be eligible for an initial credit of $500 which can be used to pay for course fees for a range of eligible skills-related courses. The credits can be used on top of existing course fee subsidies/funding.

This is only applicable for self-sponsored applicants. Application via SkillsFuture Portal can only be made starting from 60 days before the course commencement date.

Award / Certification / Accreditation

A Certificate of Attendance will be issued to every participant whose attendance is not less than 75%.

Profile of Trainer

Managing Partner of the Parkinsons CPA LLP,  a renowned Chartered & Public Accountants and Corporate advisory firm. A Chartered Accountant & Re-Structuring  expert with over 30 years of external & internal audit and management consulting experiences globally .

He had served in many associations  in the financial advisory capacities including as Board of Trustees with Institute of South East Asian Studies (ISEAS) and currently the Treasurer of The Singapore Deaf Association and Deputy Chairman-Community Projects with ISCA, Singapore. Working through rank and file starting his initial career with Touche Ross & Co, obtained Masters in Accountancy from Monash University, Australia and is a member of Institute of Chartered Accountants of New Zealand & Australia & England & Wales and other  various professional bodies worldwide.

Application Procedure

1. All applications must be made via Online Registration at

Course fees can be paid by the following payment modes:
a) For E-payment using Visa/Master cards, please click on the ‘Make e-Payment’ button on the acknowledgement page to proceed.

b) For NETS payment, you can pay at:
Singapore Polytechnic
PACE Academy
Blk T1A, Level 1
Mondays to Fridays – 8:30am to 8pm
Closed on Saturdays, Sundays and Public Holidays

c) For Cheque payment:
Please make cheques payable to “Singapore Polytechnic”. Please cross the cheque and write the Registration Reference ID, Applicant Name and NRIC/FIN number on the back of the cheque. Mail the cheque to:

ATTN: Manager (Short Courses)
Singapore Polytechnic
PACE Academy
500 Dover Road
Blk T1A, Level 1
Singapore 139651

Please note that an administrative charge of $15 will be imposed for any returned cheques from the bank or financial institution.

d) For Cash payment, you can pay at:

Singapore Polytechnic
Finance Department
Admin Building, Level 2
Mon-Fri: 8:30am to 5:00pm

2. All successful applicants will be notified with a letter of confirmation via email.

3. Withdrawal and Deferment

Withdrawal and deferment notice must be made in writing to the Professional & Adult Continuing Education (PACE) Academy via email to [email protected] For withdrawal cases, the portion of course fee to be refunded is based on the date of notice as follows:

• 2 weeks before the commencement of the course - Full refund
• Less than 2 weeks before commencement of the course - 70% refund
• On or after date of commencement - No refund

The Singapore Polytechnic reserves the right to cancel or postpone any of the courses. Applicants will be duly notified and where applicable, the full fees will be refunded.

The Singapore Polytechnic also reserves the right to amend the fees charged or the period and duration of the courses.

The data provided to Singapore Polytechnic will be kept strictly confidential and will be used for the purpose of course administration. The data may be passed on to the relevant organisations that require the information related to the course.


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Date of Course:

16 to 17 Jan 2018


Registration Periods:

25 Sept to 31 Dec 2017

Registration may be closed once seats are filled up.




Duration: 14 hours

Venue: Singapore Polytechnic

Time: 9am to 5pm



Fees Payable:

$480.00 (excluding GST)

Please see Funding Incentives for more information.


1) By E-Payment (VISA/Master credit/debit cards)

Please click on the ‘Make e-Payment’ button on the acknowledgement page to proceed

2) By NETS

Please make the payment at:

Singapore Polytechnic
PACE Academy
Blk T1A, Level 1

Mon to Fri – 8:30am to 8pm
Closed on Sat, Sun and Public Holidays

3) By CASH

Please make the payment at:

Singapore Polytechnic
Finance Department
Admin Building, Level 2
Mon-Fri: 8:30am to 5:00pm




Terms and Conditions