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SkillsFuture Course - Finance for Non-Finance Managers 

Finance for Non-Finance Managers is a one‐day public workshop which aim to provide an overview of the financial knowledge and essentials to assist the line-managers and executives in their daily activities. It is essential to equipping managers with the skill to better manage and control operations.
During the workshop, financials are critically examined, and the approaches to solutions are identified and framed for discussions. Issues are crystallized for purposes of application exercises and group discussions.
This 1 day Finance for Non-Finance Managers workshop will cover:

  • Understanding and Applying Key Financial Terms
  • Understand the various types of financial reports
  • Able to differentiate between cash and accrual accounting
  • Identify and analyse important data for decision making
  • Read and interpret annual reports
  • Understand budgets and how it been prepared
  • How to deal with financial situations that impact your work and life

Outline

Module 1: Course Overview

  • Introduction
  • Establish Expectations
  • Learning Objectives

Module 2: Introduction to Finance

  • Meaning of Finance
  • Finance three-cycle process
  • Recording Financial Transactions
  • General Accepted Accounting Principle (GAAP)
  • Your role in finance of your organisation
  • How can you improve your organisation’s finances

Module 3: The Accounting Cycle

  • Underlying Principles
  • Overview of the Accounting Cycle
  • Method of Recording Transactions
  • Accounting Periods

Module 4: The Financial Statements

  • The Income Statement
  • The Balance Sheet
  • The Cash Flow Statement
  • Statement of Retained Earnings

Module 5: Chart of Accounts

  • Understanding the Chart of Accounts
  • Single vs Double Entry Accounting

Module 6: Review of Financial Terms

  • Assets
  • Liabilities
  • Revenue
  • Expenses

Module 7: Understanding Debits and Credits

  • What is Debits and Credits

Module 8: Financial Analysis

  • Identify the relevant data
  • Analysing the data
  • Using Ratios for Decision Making

Module 9: Identify High and Low risk companies

  • Low-Risk Corporations
  • High-Risk Corporations

Module 10: Budgeting and Strategic Plan

  • Defining a Budget
  • The Budgeting Process
  • Different between budget, forecast and actual
  • Effective Budget and Financial Management toolkits

Module 11: Transfer of Financial Knowledge to Workplace

  • Learning Review
  • Personal Action Plan

Speaker/s

Gary Chan is a Chartered Accountant (ACCA, UK) and a member of the Institute of Singapore Chartered Accountants (ISCA). He has a MBA in International Business from Henley University (UK) and a Master degree in Strategic Marketing (Ireland). He is an ACTA certified trainer.

Gary has more than 20 years in business and financial management responsibilities in multinationals and local SMEs and more than 10 years’ experience of teaching/training/consulting in financial, business management & development, sales and marketing and leadership.

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Tertiary Courses Singapore offer many SkillsFuture courses in Singapore. We offers wide range of classroom instructor-led technical training courses for working professionals and executives in Singapore. Many of our courses and trainings are SkillsFuture Approved and eligible for WDA Absentee Payroll Grant.

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Tertiary Courses Singapore
170 Upper Bukit Timah Road #05-23, #05-22, #05-19 Bukit Timah Shopping Centre, Singapore, Singapore 588179
96983731
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