Understanding of Financial Reports for SME Owners & Non-Financial Managers

Course Date:
To be advised

Registration Period:
To be advised

8 hours / 1 day

9am to 6pm

Mode of Training:

Singapore Polytechnic

Course Introduction

Business owners in particular need to know how to read their financial reports to identify what went wrong with their business, and perhaps what went right too. Business performance is not measured by the number of items sold or the amount of revenue generated. It is gauged by the overall performance taking into account the gross income and expenditure. In addition, the understanding of the various agencies such as ACRA, IRAS and their functional duties are key information needed to manage any business. These information and awareness are particularly useful for SMEs and entrepreneurs.

Course Objective

This course aims to let business owners and managers who are operating the businesses to better understand their business performance from their financial reports.  By understanding the reports or performance of the business, owners or managers will be able to propose or make changes in the business to cater for economic changes.  Their decision to stay or to leave the business can also be determined once they are proficient in the understanding of the reports which in turn the business performance.

Course Outline

• Gathering business insights from financial reports
• Summarising and evaluating the performance of the business from the financial statements and reports
• Managing of cost by understanding industrial average
• Managing of cash flow in the business

Suitable for

Business Owners, Managers and Entrepreneurs with a good command of English and Mathematics.

Minimum Entry Requirements / Assumed Skills and Knowledge

GCE O Levels

Award / Certification / Accreditation

• Certificate of Performance (electronic Certificate will be issued)
A Certificate of Performance will be awarded to participants who pass the examination and 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 aboveNil
(incl. GST)
(incl. GST)
(incl. GST)
(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 herePlease submit the attached “Declaration Form for Enhanced Training Support Scheme for SME” together with your online application.
2 Under 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

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) Cheques
Please make cheques payable to “Singapore Polytechnic”. Do cross the cheque and write the Registration Reference ID, Applicant Name and NRIC/FIN number at the back of the cheque. When you have completed required details, you may mail the cheque here.

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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