What Makes Sense - Financial Statements

Course Date:
To be advised

Registration Period:
To be advised

7.5 hours / 1 day

9am to 5pm

Mode of Training:

Singapore Polytechnic

Course Introduction

A basic knowledge of finance is essential for any non-financial professionals to function effectively in his/her current capacity. The ability to understand finance is not only useful as a life skill, but a much needed requirement for non-financial professionals occupying or about to assume a greater leadership role in the organization.

Course Objective

The 1-day course allows participants to :
• Interpret financial information correctly for decision-making
• Understand the impact of your decisions and actions (or non-action) on the “bottom-line” performance of your organisation
• Bridge your communication gap with colleagues from the finance department
• Understand the common yardsticks used in project evaluation

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

Course Outline

• What is "finance"?
• Relevance of value creation

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

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)

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 Entry Requirements / Assumed Skills and Knowledge

Little or no prior formal introduction to the world of finance.

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

Course Fee

$250 (inclusive of GST)

Funding Incentives

Please click here for more information on funding incentives.


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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