Finance Fundamentals

Course Date:
TBA

Registration Period:
TBA

Duration:
7 hours / 1 day

Time:
9:00am to 5:00pm

Mode of Training:
Facilitated Learning (Online Synchronous)

Venue:
Online


Course Introduction

Many working professionals make either personal investments or are involved in some form of financial decisions at work. This includes going through the budgetting process and having to make sound decisions on revenue generation and expenses.

This course will aid individuals to read and interpret Financial Statements and know how to perform Capital Budgeting. 


Course Objective

To introduce basic financial concepts to PMETs (professional, manager, executive and technician) so as to enable them to read and interpret Financial Statements and to perform simple capital budgeting for projects.

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

• Read and Interpret Financial Statements for decision-making
• Determine the impact of decisions and actions (or non-action) on the “bottom-line” performance of the organisation
• Communicate with confidence when working with colleagues from the finance department
• Understand the common yardsticks used in project evaluation


Course Outline

1. Introduction
• What is "finance"?
• Relevance of value creation

2. Use of basic financial tools
• What information do the following convey – Balance Sheet, Profit & Loss Statement
• Using key financial ratios to identify and diagnose financial problems
• Preparation of cash budget
• Learn and apply time value of money concepts to evaluate different streams of cash flow

3. Sources of long term funds
• Different sources of long term funds
- Debt
- Preferred stock
- Common stock and
- Retained earnings
- Relevance of WACC (Weighted Average Cost of Capital)

4. Evaluating capital investment decisions
• Characteristics of capital expenditure
• Overview of capital budgeting process
• Capital budgeting techniques
- Payback period
- Net present value
- Internal rate of return


Suitable for

Individuals and PMETs who are interested to know basic finance and its tools.


Minimum Entry Requirements / Assumed Skills and Knowledge

Basic read, write and comprehension of English. 


Award / 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

• Certificate of Performance (electronic Certificate will be issued)
A Certificate of Performance will be awarded to participants who pass the assessment and meet at least 75% attendance rate

Applicants/Eligibility Total fees (incl. GST)
Singapore Citizens aged 40 and above1 $36.30
Singapore Citizens aged below 40 $96.30
Singapore Permanent Residents $96.30
SME-sponsored Singapore Citizens and Permanent Residents2 $36.30
Full Course Fee $321.00
Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.

1Under 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.
2Under the SkillsFuture Mid-career Enhanced Subsidy. For more information, visit the SkillsFuture website here

Funding Incentives

Please click here for more information on funding incentives.


Register Here

Eligible for SkillsFuture Credit
Terms and Conditions

*Please note that once the maximum class size is reached, the online registration will be closed.
You may register your interest, and would be notified if there is new run.

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) Credit Cards, Internet Banking, NETS (Not Applicable for company sponsored)
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

c) For payment via PayNow, please enter the UEN No. T08GB0056ACET and indicate the invoice/registration number. 

*With effect from 1 August 2021, cheque payment will not be available.

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

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