29 May 2019
27 Feb to 14 May 2019
8 hours / 1 day
9am to 6pm
Mode of Training:
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.
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.
• 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
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
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 PRs||Singapore Citizens||Others|
|Non-SME sponsored||1Sponsored by SME||2Aged 40 and above||3Aged 35 and above, and earn ≤ $2,000 per month|
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 here2 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.
1. SkillsFuture Singapore (SSG) Approved
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 December 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.
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 - firstname.lastname@example.org
All other Courses - email@example.com
For withdrawal cases, the portion of course fee to be refunded is based on the date of notice as follows:
- 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
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.
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:
Blk T1A, Level 1
Mon-Fri: 8:30am to 7:30pm
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:
s 500 Dover Road
Blk T1A, Level 1
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.