This is an intensive and practical workshop on basic accounting and finance. It gives a broad overview of financial accounting, management accounting and capital budgeting. It is specially tailored for working professionals who have very little knowledge in the key areas of accounting and finance but who nevertheless require such knowledge in the course of their work and responsibilities.

Taking a formal course in accounting and finance will involve many months of commitments. This intensive workshop over two days condenses the key concepts in accounting and finance into an optimal learning experience for the participants.

Outline | Facilitators | Methodology | Who Should Attend | Objectives

Detail

Date:
Duration:	2, day(s) 9:00AM - 5:00PM
Fee:	$580.00
Venue:	Stamford Road, near Dhoby Ghaut MRT

Fees are subjected to prevailing GST of 7%

For more information, please contact JobsDB Learning at 65788111 or email to learning@jobsdb.com.sg

Payment must be made before the commencement of the workshop. No cancellation is allowed 7 days prior to workshop.

Participants will receive a Certificate of Attendance upon course completion.

Outline

Financial Accounting Basics
- accounting system overview
- accounting principles and concepts
- the accounting equation and the balance sheet
- double entry system: debits and credits
- chart of accounts
- general journal & general ledger
- accruals & prepayments, depreciation & accumulated depreciation, netbook value
- year-end balancing & closing of accounts
- the trial balance & financial statements

Management Accounting Basics
- classifying costs
- understanding cost behaviours
- performing break-even analysis
- determining the cost
- allocating costs and activity-based costing
- controlling costs using standard costing
- preparing the operating budget

Capital Budgeting
- types of capital project
- capital budgeting process
- time value of money, discount factors & presents value cost of capital
- identifying the relevant cash flows
- project evaluation techniques: payback period, accounting rate of return, net present value,
internal rate of return & profitability index

Facilitators

Mr Raymond Ang

Raymond holds a Bachelor of Business Administration degree from the University of Singapore, as well as a Master of Applied Finance degree from Macquarie University, Sydney. He has more than 30 years of working and training experience in the areas of accounting and finance. Furthermore, he has conducted numerous training and seminars for training institutions, universities, corporate clients and the public. To make the training interesting, he uses simple daily analogies to explain complex concepts for easy understanding.

Methodology

Participants are guided through practical steps of the topic with a combination of lectures and group discussions.

Who Should Attend

Any non-financial professionals in marketing, sales, human resources, engineering, production and any other non-finance related areas who wish to know more about accounting and finance.

Objectives

After the two-day workshop, participants will be able to:
-learn basic accounting and finance knowledge
-read transactions information and summarise into financial statements
-identify different types of costs and shows how to control them
-identify and analyse relevant cash-flows of capital projects

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