Finance for Non-Finance Managers

COURSE OBJECTIVES  | ASSUMED SKILLS AND KNOWLEDGE | FUNDING INCENTIVES
 

CERTIFICATION | TRAINER'S PROFILE | APPLICATION PROCEDURE


Course Objectives

Understand, Analyse and Evaluate Key Financials and its Statements.


Course Outline

Day 1

Introduction, Course outline, Expectations and Takeaways

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

Analysing & Tools for Preparing Financial Statements

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

Types of Reports –Internal & External

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

 Assumptions –Sources of information

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

Day 2

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)

Analysing & Interpreting Financial Statements

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

Planning & Budgeting

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

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

CEOs, Senior Managers & Operational staff, GM, Sales & Project Managers, Executives.


Assumed Skills and Knowledge

There are no pre-requisites, meaning there are no courses or educational qualifications. We do however make certain assumptions about you as a learner which we call assumed knowledge and skills. The assumptions are as follows:


• Basic English Language writing and communication skills
• Ability to participate effectively in group discussions, speak and communicate in a learning environment.

 


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

Participants are not required to sit for examination at the end of the course. 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 www.pace.sp.edu.sg

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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IMPORTANT DATES

 

Course Date:

21 to 22 Nov 2017
Registration Closing Date: 7  Nov 2017

Registration may be closed once seats are filled up.

 

COURSE DETAILS

 

Duration: 14 hours


Venue: Singapore Polytechnic


Time: 9am to 5pm


 

COURSE FEE

Fees Payable:

$480.00 (excluding GST)

Please see Funding Incentives for more information.

PAYMENT MODE

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

HOW TO APPLY

 

ELIGIBLE FOR SKILLSFUTURE CREDIT

Terms and Conditions