Understanding Financial Statements for Non-Finance Personnel
The "Understanding Financial Statements for Non-Finance Personnel" workshop is designed to provide basic knowledge of accounting and finance for executives and managers in marketing, operations, HR & IT, entrepreneurs and self-employed professionals with non-finance background. It demystifies finance by explaining simply and clearly what the key financial statements mean, how they work and relate to each other and how to apply key management ratios to evaluate the strengths and weaknesses of the business operations.
As the focus is on the decision-making process, participants will not be required to understand the book-keeping process and the preparation of financial statements. Instead, upon completing the workshop, they will gain the know-how to apply various analytical techniques to examine the performance of the business operations. Published accounts of public-listed companies and corporate development, both local and overseas, will be used to facilitate practical learning.
Detail
| Date: | |
| Duration: |
1, day(s) 9:00AM - 5:30PM |
| Fee: | $248.00 |
| Venue: | Classroom 4.1 @School of Economics & Social Sciences
Level 4, SESS, Singapore Management University 90 Stamford Road S(178903) |
- Fees are subjected to prevailing GST of 7%
For more information, please contact LearningDB.com at 6861 1000 or email to learning@jobsdb.com.sg
Outline
Key Topics Covered During the Class:
Learning about Financial Statements
# Nature & role of accounting
# Desirable qualities of a financial report
# Accounting as an information system
# Financial & management accounting compared
# Fundamental accounting assumptions
# Accounting policies
# Objectives of financial statements: User groups & their areas of interest
Basic Financial Statements
Balance Sheet
# Source & use of funds approach
# Vertical format presentation
# Current assets
# Fixed assets
# Liabilities
# Shareholders' funds
# Capital employed
# Net worth
# Working capital
# Long & short balance sheet analysis
Profit & Loss Account
# Timing adjustments
# Distribution or appropriation of profits
Cash Flow Statement
# Operating cash cycle
# Relationship between depreciation & cash flow
# Non-operating cash outflows & inflows
Interpreting Auditors' Reports
# Objectives & scope of audit
# Reasonable assurance
# True & fair view
# Auditors' opinion: Unqualified, emphasis of matters, qualified, disclaimer, adverse opinion
Analysing Performance of an Enterprise
Liquidity Ratios
# Importance of liquidity
# Application, case studies & interpretation techniques
Profitability Ratios
# Importance of profitability
# Return on investment
# Drivers of margin on sales
# Drivers of sales to total assets
# Operating profit model
# Application, case studies & interpretation techniques
Solvency Ratios
# Importance of solvency
# Application, case studies & interpretation techniques
Asset Management Ratios
# Importance of asset management
# Application, case studies & interpretation techniques
Stock Market Ratios
# Application, case studies & interpretation techniques
Facilitators
Mr Lim Kaim Soon - EMBA, FCCA, BBA (Hons)
Mr Lim has extensive experience in the areas of consultancy and lecturing. His forte in the field of consultancy lies in the areas of designing and implementation of internal control systems, as well as data processing and information system design.
He teaches finance and accounting subjects at the tertiary level, and lectures on topics in the areas of financial accounting, management accounting, financial management and international finance.
Prior to his work as a consultant/lecturer, Mr Lim was a General Manager in the manufacturing and retail industry for five years. His duties included financial and management accounting, internal control and auditing, project financing and corporate secretarial matters. He has also had over 5 years of experience in the banking and general industries, being involved in investment, risk analysis and insurance accounting.