Introduction
Why You Should Attend This Course
Businesses, like your organisation, exist primarily to generate wealth for stakeholders. Wealth is, more often than not, expressed in financial terms. It is vital that you possess a sufficient level of financial literacy to better understand and perform your role in meeting your organisation's objectives or, what we call, creating value for your organisation.
This course uses the financial statements of a real-life SME company. This course will enable you to engage and communicate more effectively and constructively with your superiors, subordinates and peers, thus elevating your contribution, relevance and potential in your organisation.
Benefits/ Learning Outcomes
Understand the terms in the financial statements
Understand the relationships among the financial statements
Analyse and interpret the financial performance of the company
Know the concepts and principles underlying the preparation of financial statements
Equip yourself with the financial tools for assessing the financial performance of a company
Appreciate the relevance of the Cash Flow Forecast to effective cash flow management
Distinguish the different types of budgets and apply budget variances to controlling costs
Apply capital budgeting techniques to assess the viability of capital investment projects
Target Audience:
This two-day course will benefit department and business unit managers, executives, budget holders and mid-career professionals who may not have the relevant financial experience or qualification.
Course Content
Course Outline
1) The Financial Statements
Balance Sheet
Profit or Loss Statement
Statement of Changes in Equity
How Transactions Flow to the Financial Statements
End-of-Period Adjustments
2) Analysis and Interpretation of Financial Statements
3) Cash Flow Management
Cash Flow Statement
Why Hold Cash
How Much Cash to Hold
Cash Flow Forecast
4) Budgeting and Budgetary Control
Why Prepare Budgets
Interdependency of Budgets
Comparing Actual Performance with Budgets
Budget Variances
Budgeting for Fixed Costs
5) Capital Budgeting
Trainer's Profile
Mr Chow Chan Kwan has more than 15 years of industrial experience as General Manager of various manufacturing and retail subsidiaries of a multinational company in Singapore and China.
He has delivered accounting and finance lectures to students pursuing the Certificate in Management (CIM) at the Singapore Institute of Management (SIM), and conducted in-house financial training during the initial stage of his career as a statistics and research officer at a Malaysian bank.
Chow holds a Master of Business Administration (MBA) degree in Accounting and Finance from Ohio University in the USA. While pursuing his MBA degree, he delivered accounting lectures to freshmen students, a provision under the university's Graduate Assistant Scholarship Scheme.
Mr Chow is currently a professional trainer and consultant, specialising in Accounting, Finance, Strategic and Supply Chain Management.
