Understanding & Analysing Financial Statements

Information is needed for various types of business decisions, for example, whether it is safe enough to do
business with an existing/potential partner or whether your organisation is doing well. Financial statements
contain a wealth of information on the performance and health of an organisation. To harness that
information, however, you need to have a sound understanding of the basis upon which financial
statements are prepared and an ability to interpret the myriad of data correctly.
 
 

Detail

Date: 25 Jun 2012 - 26 Jun 2012
Duration: 2, day(s)
9:00AM - 5:00PM
Fee: $780.00
Venue: 51 Anson Road, #03-53 Anson Centre Singapore 079904

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.

Outline

Types of financial statements
· Corporate accounts, including consolidated accounts
· Management accounts
Understanding basis upon which financial statements are prepared
· Balance sheet
· Statement of Comprehensive Income (Profit & Loss Statement)
· Statement of Changes in Equity
· Why is accounting profit different from cash flow?
Assessing financial performance & health
· Trend analysis
· Profitability (Profit Margins, Return on Assets)
· Efficiency (Asset Turn, Fixed Asset Turn, Inventory Turn, Collection Period)
· Solvency (Financial Gearing, Current Ratio, Interest Cover, Debt Service Cover)
Awareness of common investment-related ratios
· Return on Equity
· Impact of financial gearing on Return on Equity
· Dividend Yield & Dividend Payout
· Price-Earnings ratio, Net Asset Value
Assessing cash flow
· Importance of operating cash flow
· Interpreting Cash Flow Statement
· Relevance of Free Cash Flow
Quick finders in detecting risks
· Key points to look out for in financial statements
· Relevance of other parts of the Annual Report
The actual consolidated financial statements of a commercial public-listed company will be used as a case
study. Nevertheless, the skills acquired can be applied to any type of business or set-up, including not-forprofit
organisations.

Facilitators

Grace Chow runs a company specialising in customised financial training and business consulting service.
She has over 20 years of working experience in public accounting, banking, fund management, and
corporate training. She is highly experienced in training participants with no financial background,
especially sales & marketing professionals and engineers, and at different levels from top management to
executives. Grace has conducted regional financial management & related courses for a wide range of
clients in the Asia-Pacific region, and has worked closely with many in developing and assessing business
plans which cover strategic marketing to process improvement.
Grace holds a Bachelor of Business degree and is a member of the Institute of Certified Public
Accountants of Singapore, CPA Australia and the Malaysian Institute of Accountants.
She is the author of a book titled “Accounting Made Simple – A Layperson’s Perspective” and has also
contributed a chapter to another book titled “The Essence of Financial Accounting”.
Grace’s past & present clients include Asia Pacific Breweries, Barnes Group, Cable & Wireless, Carrier,
Caterpillar, Clifford Chance, Dumex, General Electric, Health Science Authority of Singapore, Honeywell,
Hulhumale Development Corporation of Maldives, ICI, IE Singapore, Keppel Land, Maersk, Mitsubishi,
National Semiconductors, Novellus, NTUC Club, OCBC, Osram, Pfizer, Raffles Medical Group, Rhode &
Schwarz, Roche, SAFRA, SATS, SCORE, Shearman & Sterling, Shell, Singapore General Hospital,
Singapore Mass Rapid Transit, Singapore National Printers, Singapore Power, Telekoms Malaysia, WDA,
amongst many others.

Who Should Attend

Anyone who needs to make business decisions especially those holding management responsibilities.
Participants may be in product, project, manufacturing or service businesses, as well as not-for-profit
organisations.

Objectives

· Understand the basis upon which financial statements are prepared.
· Interpret financial statements correctly for different types of business decisions.
· Detect symptoms of potential problems from the financial statements and other relevant parts of the
Annual Report of a company.
· Ask the appropriate questions when analysing financial statements.

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