course-banner-img Business Management-2

Finance for Non-Finance Managers

Topic:Business Management, Others

Course Type:Short & Modular Courses

Register interest
Download PDF for print

Overview

  • Course Date:

    18 Jun 2020 to 20 Jun 2020
  • Registration Period:

    09 Jun 2020 to 10 Jun 2020
  • Time:

    08:00 AM to 08:00 AM
  • Mode of Training:

    Classroom
  • Venue:

    -
  • Funding:

    -

In today’s economy, PMETs constantly encounter the need to understand, interpret and make sense of financial information in their daily work. Those not trained in Finance face difficulty to engage with their superiors to offer sound decisions and judgements of their operations or projects using financial analysis.

There is a need for non-Finance PMETs to learn and acquire skills in the basics of Finance in their work.

Course Objective

By the end of the course, participants will be able to:

  • Appreciate basic accounting principles
  • Explain the different types of financial reports;
  • Interpret key Financial information
  • Understand the limitation of financial reports
  • Construct cash budget and pro-forma statement
  • Apply time value of money concepts to evaluate different streams of cash flow
  • Appreciate the capital budgeting process
  • Apply common capital budgeting techniques to project evaluation

Important Note:
The course intake (SP-502961-230002) in Oct 2023 is only open to Sime Darby.
The course intake (SP-502961-230004) in Oct 2023 is only open to BreadTalk Group.

Course Outline

Day 1

1.Introduction, Course outline, Expectations and Takeaways
• Understanding the importance of financial statements.

2.Analysing & Tools for Preparing Financial Statements
• Understanding  Double Entry Concepts
• Recording Transactions- Journals, Cash Book, General Ledger
• Understanding the differences of Income Statement  & Balance Sheet and their roles.

3.Assumptions –Sources of information
• Understanding Relevant and achievable targets
• KPIs, Assessments relevant to company /industry

4.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)

5.Analysing & Interpreting Financial Statements
• Understanding Vertical Analysis
• Understanding Ratios (Performance, Liquidity & Leverage)

6.Limitations of Financial statements
• Understanding the pitfalls of over relying on financial statements
• Understanding the limitations of Ratios

Day 2

7.Planning & Budgeting
• Understand the Financial Planning Process
• Understand and apply Cash Planning concepts to prepare Cash Budget
• Understand and apply Profit Planning concepts to prepare Pro-forma Statement

8.Capital Budgeting & Investment Analysis
• Understand and apply time value of money concepts to evaluate different streams of cash flow
• Describe the characteristics of capital expenditure
• Describe the capital budgeting process
• Understand and apply the following capital budgeting techniques:
o Payback period
o Net present value
o Internal rate of return

Minimum Requirements

Learners must be able to handle spreadsheets and have strong numeracy skills.

Having at least 3 years of working experience will be useful to appreciate the concepts to be taught.

Certification / Accreditation

  • Certificate of Attendance (electronic Certificate will be issued)
    A Certificate of Attendance will be awarded to participants who meet at least 75% attendance rate

Suitable for

Mid level PMET with no finance training but may be working in roles that require finance knowledge and skills.

Important Note:
This course intake (SP-502961-230002) in Oct 2023 is only open to Sime Darby.
The course intake (SP-502961-230004) in Oct 2023 is only open to BreadTalk Group.

Course Fees

The course fees payable above are inclusive of 0% GST rate.

Applicants/Eligibility SkillsFuture Funding GST* Subsidised Fee (after GST)
Singapore Citizens aged 40 and above¹ $432.00 $12.96 $60.96
Singapore Citizens aged below 40 $336.00 $12.96 $156.96
Singapore Permanent Residents and LTVP+ Holders $336.00 $12.96 $156.96
SME-sponsored Singapore Citizens, Permanent Residents and LTVP+ Holders² $432.00 $12.96 $60.96
Others (Full fees payable) $0.00 $43.20 $523.20

*As announced at Budget 2022, there will be no increase in government fees and charges for Singaporeans from 1 Jan 2023 to 31 Dec 2023. Also, as per SSG’s policy, the GST payable for all funding-eligible applicants is calculated based on prevailing GST rate after baseline funding subsidy of 70%

Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.

1 Under the SkillsFuture Mid-career Enhanced Subsidy. For more information, visit the SkillsFuture website here
2 Under the Enhanced Training Support for Small & Medium Enterprises (SMEs) Scheme. For more information of the scheme, click here. To view SP’s list of similar funded courses, click here. Please submit the attached “Declaration Form for Enhanced Training Support Scheme for SME” together with your online application.


Funding Incentives

Please click here for more information on funding incentives.


Application Procedure

1. Application must be made through STEP. 

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

Courses that may also interest you