WORKSHOP ON FINANCE FOR NON-FINANCIAL PROFESSIONALS

Course Overview

This course aims to help non-financial professionals to raise their awareness of finance and to use financial information in making business decisions.

As companies strive to enhance their shareholders’ funds there is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement. Decisions made without properly understanding the financial implications may lead to reduced profits (sometimes even losses) and a reduction in shareholder value.

This workshop aims to raise the level of financial awareness of the participants and enable them to use the financial information provided to them to make better short-term or long-term decisions in managing their business.

Course Objectives

By attending this workshop, participants will:

Financial Statements

• Understand the main components of a typical set of financial statements of an annual report
• Appreciate the key underlying accounting concepts used in the preparation of financial statements

Business Analysis

• Know how to interpret financial statements and analyse businesses using the 7-step approach
• Be able to perform a SWOT analysis using financial statements

Cash Operating Cycle

• Understand the cash operating cycle and what affects a company’s cash flow
• Know how to manage the cash operating cycle

Costing

• Know the different categories of costs which exist and their implication on costing
• Understand costing concepts, and apply them in making business decisions

Budgeting, Forex & Taxation

• Have an appreciation of budgeting and the effects of foreign exchange moments and taxation on financial decisions

Investment Appraisal Tools

• Understand the payback period, net present value and internal rate of return methods of project appraisal in decision-making
• Understand briefly the concepts of shareholder value, gearing and weighted average cost of capital

Profit versus Cash

• Understand the difference between the impact on profit and cash of 15 typical transactions which companies undertake
• Be clear on why cash is king!

Warning Signals

• Uncover and appreciate what some of the clear warning signals are in financial statements

Pre-requisites

Prior knowledge of accounting/finance is not required.

Course Outline

Day One

• Introduction
• Financial Statements
• Business Analysis
• ProfitPlus™ Board Game –  Round 1

Day Two

• Cash Operating Cycle
• Costing
• Budgeting
• Foreign exchange implications

Day Three

• Investment appraisal tools
• ProfitPlus Board Game – Round 2
• Profit versus cash
• Warning Signals

Certificate Obtained and Conferred by

Participants will be awarded with a Certificate of Attendance by Pricewaterhouse Coopers.

Additional Details

Price  

Terms & Conditions apply. NTUC LearningHub reserve the right to make changes or improvements to any of the products described in this document without prior notice.

Prices are subject to other LHUB miscellaneous fees.

Cancellation Policy: 

• Registered participants will be liable for the full fee even in the event of non-attendance.
• Upon receipt of confirmation, any request for cancellation or a replacement must be confirmed in writing at least (7) working days before the workshop/seminar and subject to PwCs Academys approval.
• A 10% administrative fee will be imposed for any cancellation or deferment received less than (5) working days before the seminar.