Finance for Non-Finance Managers

Course Date:
29 Aug to 30 Aug 2019

Registration Period:
19 June 11 Aug 2019

Duration:
14 hours / 2 days

Time:
9am to 5pm

Mode of Training:
Classroom

Participants will be required to calculate the accounting ratios and prepare a cashflow statement.

Venue:
Singapore Polytechnic


Course Introduction

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 Objectives

To introduce basic financial concepts for learners to appreciate the usefulness of financial statements and the process of capital budgeting.

Course Learning Outcomes

By the end of the course, learners 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

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

 


Suitable for

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


Minimum Entry Requirements / Assumed Skills and Knowledge

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.


Award / Certification / Accreditation

Certificate of Attendance
A Certificate of Attendance will be awarded to participants who meet at least 75% attendance rate

Certificate of Attendance
A Certificate of Attendance will be awarded to participants who meet at least 75% attendance rate

 

Course Fees payable:

Singapore Citizens aged below 40 and Singapore PRsSingapore CitizensOthers
Non-SME sponsored1Sponsored by SME2Aged 40 and above3Aged 35 and above, and earn ≤ $2,000 per month
$154.08
(incl. GST)
$58.08
(incl. GST)
$58.08
(incl. GST)
$34.08
(incl. GST)
$513.60
(incl. GST)

Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.
1 Under the Enhanced Training Support for Small & Medium Enterprises (SMEs) Scheme. For more information, click here
2 Under the SkillsFuture Mid-career Enhanced Subsidy. For more information, visit the SkillsFuture website here.
3 Under the Workfare Training Support (WTS) scheme. For more information on the scheme, click here.


Funding Incentives

1. SkillsFuture (SF) Series

Singaporeans and Singapore PRs are eligible for 70% course fee funding for registration with effect from 28 October 2017. This funding is applicable to both individual and company-sponsored participants. Participants are required to achieve at least 75% attendance and/or sit and pass any prescribed examinations/assessments or submit any course/project work (if any) under the course requirement.

Singaporeans aged 40 years and above will enjoy a 90% subsidy of course fee.

Funding Validity Period: Till 31 Dec 2020

2. 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.

3. Union Training Assistance Programme (UTAP)

UTAP is a training benefit for NTUC members to defray their cost of training. This benefit is to encourage more NTUC members to go for skills upgrading.
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP.

*Terms and conditions apply. Participants must be paid-up NTUC Members with no arrears in membership fees before course commencement and throughout the whole course duration.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidy. This excludes GST, registration fees, misc. fees etc.


Withdrawal and Deferment
Withdrawal and deferment notice must be made in writing to the Professional & Adult Continuing Education (PACE) Academy, Singapore Polytechnic via email accordingly:

Online Courses - elearning@sp.edu.sg
All other Courses - pace@sp.edu.sg
For withdrawal cases, the portion of course fee to be refunded is based on the date of notice as follows:

Classroom
  • 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
E-Learning
  • There will be no refund or transfer of course once the account has been created.
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.
Register Here
Eligible for SkillsFuture Credit

Terms and Conditions

*Registration may be closed once seats are filled up


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:

Credit Cards, Internet Banking, NETS (Not Applicable for company sponsored)
a) For e-payment using Visa/Master cards and Internet Banking, 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
Mon-Fri: 8:30am to 7:30pm

Cheques
c) 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:

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.

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

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