Finance Fundamentals

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Finance Fundamentals

Overview

Course Date:
TBA
Registration Period:
TBA
Time:
TBA,
7 hours / 1 day
Mode of Training:
Facilitated Learning (Online Synchronous)
Venue:
Online
Funding:
Eligible for SkillsFuture Credit

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

Minimum Requirements

Basic read, write and comprehension of English.

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

Suitable for

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

Course Fees

Full Fees (before GST): $300.00

Applicants/Eligibility	SkillsFuture Funding	GST*	Subsidised Fee (after GST)
Singapore Citizens aged 40 and above¹	$270.00	$8.10	$38.10
Singapore Citizens aged below 40	$210.00	$8.10	$98.10
Singapore Permanent Residents and LTVP+ Holders	$210.00	$8.10	$98.10
SME-sponsored Singapore Citizens, Permanent Residents and LTVP+ Holders²	$270.00	$8.10	$38.10
Others (Full fees payable)	$0.00	$27.00	$327.00

*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.