Finance for Non-Financial Professionals

• Learn the basics of accounting and understand the accounting concepts
• Interpret the financial statements and understand financial jargons
• Monitor business cash flow to ensure healthy cash position and ways of improving cash flow
• Analyse using financial ratios to gain insight to the financial strength of the organisation
• Make use of investment decision making tools for short-term project evaluation

Outline

• Introduction to the financial statements
  – Areas of interest for stakeholders
  – How are financial statements used in business

• Basic accounting concepts and principles
  – Concepts on entities, accruals, historic, prudence and more
  – Process flow of accounting
  – Characteristic of a good financial statement
  – Accounting standards and guidelines

• Accounting terms used in financial statements
  – Components of financial statements

• Income Statement, Balance Sheet and Cash flow statements
  – How to read the income statement?
  – What is a balance sheet?
  – Cash flow statement
  – What do all the terms mean?
• Uses and limitations of financial statements

• Interpretation of Financial Statements using ratio analysis
  – Profitability ratios
  – Liquidity ratios
  – Efficiency ratios
  – Financial structure
• Understanding budgeting

• Understanding time value of money
  – Time cost of money
  – Compound interest and future values

• Evaluation of projects using various tools
  – Payback period
  – Net Present Value
  – Internal Rate of Returns

	Early bird	Normal	Members (Join/renew here)
Fee (S$) excl. of GST	660.00	690.00	630.00
Fee (S$)*	719.40	752.10	686.70
50% UTAP disbursement amount (if eligible)
For ≤ 39 years old	Total Nett Fee Paid x 50% (capped at $250)**
For ≥ 40 years old	Total Nett Fee Paid x 50% (capped at $500)**
*9% GST is based on full course fee
**NTUC Starter Members capped at $200

Grants (if applicable)

• Union Training Assistance Programme (UTAP):NTUC members enjoy 50% unfunded* course fee support for up to $250 per year when you sign up for courses supported under UTAP. NTUC Members aged 40 and above can enjoy higher funding support at up to $500 per year for courses attended between 1 July 2020 to 31 December 2025. NTUC Starter members can enjoy funding support at up to $200 per year. For more information on how to submit UTAP claims, click here.

  *Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.