Course Outline

• Value Creation Chain
  – How business create value
  – What are financial statements?
  – Singapore Financial Reporting Standards
  – Areas of interest for stakeholders
• Fundamental accounting terminology and concepts
  – Accounting terminology and concepts
  – Process flow of accounting
  – Characteristics of good financial statements
• Income statement, balance sheet and cash flow statements
  – How to read income statements
  – What is a balance sheet?
  – Understanding Income Statement and Balance Sheet of a public listed company’s Annual Report
  – Cash flow statement – profit vs cash flow
  – How to improve cash flow?
  – Direct and indirect cash flow statements
• Analysis of financial statements
  – Analyse financial statements of some listed companies
  – Go through income statement, balance sheet and cash flow statement
  – Uses and limitations of financial statements
• Interpretation of financial statements using Ratios Analysis
  – Profitability ratios
  – Liquidity ratios
  – Efficiency ratios
  – Financial structure
  – Investment ratios
• Understanding time value of money
  – Time cost of money
  – Compound interest and future values
• Appraisal evaluation of projects using various tools
  – Payback Period
  – Net Present Value
  – Internal Rate of Returns
  – Advantages and limitations of each technique

Who Should Attend?
Senior executives, newly promoted managers and non-financial managers who need to understand, interpret and evaluate financial statements and other finance related documents.

Methodology
This course is conducted using simple explanations and illustrations from real life examples to help participants understand and relate to their own working experiences. A number of financial statements of listed companies will be used to put into practice what was learnt in the course. Some quizzes and games will be used to make learning fun and interesting.