FINANCIAL MASTERY FOR BUSINESS DECISION MAKING

FINANCIAL MASTERY FOR BUSINESS DECISION MAKING

Funded

Course Duration

16.0 hr(s)

Mode of Assessment

Written Assessment, Case Study

Who Should Attend

Business owners, managers and PMETs making business decisions based on financial and business data.

Course Overview

Financial literacy is a key skillset for PMETs (Professionals, Managers, Executives, and Technicians) to make informed and accurate business decisions based on comprehensive assessments and analyses of financial data.

This course is designed to equip PMETs with the knowledge and skills necessary to review key financial information, such as financial statements, ratios and effectively identify an organisation's strengths, weaknesses, trends, risks and opportunities. Learn to use financial data to develop a picture of an organisation’s financial health and position. Through a trainer-led session, participants will also learn to apply business frameworks like SWOT and Porter’s 5 forces to analyse a business and develop insights.

Course Schedule

Next available schedule

See All Schedules

Course Objectives

Upon completing this course, participants will be able to:

  • Understand the various type of financial statements and their purpose in reporting
  • Utilise information in financial statements to develop a picture of an organisation’s financial and business health
  • Calculate key financial ratios and apply financial ratio analysis
  • Identify competitive advantage, risk and opportunities of a business
  • Develop macro perspective of the market based on market indicators
  • Make financial projections and forecast for a business
  • Collect effective data and insights to make deeper investigations and support innovation process

Pre-requisites

The admission requirements are:

  • Read, write, and speak English at WPL Level 4
  • Manipulate numbers at WPN Level 4
  • Hardware & Software (if applicable)  
    • This course will be conducted as a Virtual Live Class (VLC) via Zoom platform.
    • Participants must own a Zoom account and have a laptop or a desktop with “Zoom Client for Meetings” installed. Download from zoom.us/download.

System Requirement

Must-have:
Please ensure that your computer or laptop meets the following requirements. 

  • Operating system: Windows 10 or MacOS (64 bit or above) 
  • Processor/CPU: 1.8 GHz, 2-core Intel Core i3 or higher 
  • Minimum 20 GB hard disk space 
  • Minimum 8 GB RAM 
  • Webcam (camera must be turned on for the duration of the class) 
  • Microphone 
  • Internet Connection: Wired or Wireless broadband 
  • Latest version of Zoom software to be installed on computer or laptop prior to the class.

Good-to-have:

  • Wired internet connection
    Wired internet will provide you with stable and reliable connection. 
  • Dual monitors
    Using a dual monitor setup will undoubtedly improve your training experience, enabling you to simultaneously participate in hands-on exercises and maintain engagement with your instructor. 

Not recommended:
Using tablets are not recommended due to their smaller screen size, which could cause eye strain and discomfort over the course of the program's duration. 

Course Outline

LU1: Financial Statement Analysis

  • Understand and interpret the various types of financial statements used by business organisations
  • Familiarise with commonly used financial terms

LU2: Business Analysis

  • Analyse financial report using key financial information to assess an organisation's financial position
  • Apply SWOT and Porter 5 Forces Factor to conduct business analysis
  • Interpreting key financial ratios

LU3: Using Financial Knowledge for Strategic Decision Making

  • Identify sources of risk from the financial reports
  • Develop market forecast

Certificate Obtained and Conferred by

  • Upon meeting the attendance and assessment(s) criteria, participants will be awarded with a digital Statement of Attainment (SOA), accredited by SkillsFuture Singapore. SOA will be reflected as Financial Services Technical Skills and Competencies – Financial Analysis FSE-FIN-3024-1.1
  • Upon meeting the attendance and assessment(s) criteria, participants will be awarded with a digital Certificate of Completion from NTUC LearningHub.
  • Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from NTUC LearningHub.

Additional Details

Medium of Instruction: English
Trainer to trainee ratio: 1:20
Mode of Delivery: Virtual Live Class (VLC) via Zoom or Physical class

Price

Course Fee and Government Subsidies

  

Individual Sponsored 

Company Sponsored 

 

Non-SME 

SME 

Before GST 

After GST 

Before GST 

After GST 

Before GST 

After GST 

Full Course Fee
(For Foreigners and those not eligible for subsidies)

$750.00

$817.50

$750.00

$817.50

$750.00

$817.50

For Singapore Citizens aged 39 years and below
and
For all Singapore Permanent Residents
(The minimum age for individual sponsored trainees is 21 years)

$375.00

$442.50

$375.00

$442.50

$225.00

$292.50

For Singapore Citizens aged 40 years and above

$225.00

$292.50

$225.00

$292.50

$225.00

$292.50

 

Funding Eligibility Criteria

Individual Sponsored Trainee

Company Sponsored Trainee
  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
  • Trainee must pass all prescribed tests / assessments and attain 100% competency.
  • NTUC LearningHub reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria.
  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
  • Trainee must pass all prescribed tests / assessments and attain 100% competency.
  • NTUC LearningHub reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria.

 

Remarks

Individual Sponsored Trainee

Company Sponsored Trainee

SkillsFuture Credit:

  • Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.

UTAP:

  • This course is eligible for Union Training Assistance Programme (UTAP).
  • NTUC members can enjoy up to 50% funding (capped at $250 per year) under UTAP.

PSEA:

  • To check for Post-Secondary Education Account (PSEA) eligibility for this course, visit:
    SkillsFuture (TGS-2023018440) for Virtual Live Class (VLC) or Face-to-Face class.
  • Scroll down to “Keyword Tags” to verify for PSEA eligibility.
  • If there is “PSEA” under keyword tags, the course is eligible for PSEA.
  • And if there is no “PSEA” under keyword tags, the course is ineligible for PSEA. 
  • Not all courses are eligible for PSEA funding.

Absentee Payroll (AP) Funding: 

  • $4.50 per hour, capped at $100,000 per enterprise per calendar year.
  • AP funding will be computed based on the actual number of training hours attended by the trainee.
  • Note: Courses / Modules under Professional Conversion Programme (PCP) will not be eligible for AP funding claim.

 

Terms & Conditions apply. NTUC LearningHub reserves 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.

What Others Also Enrolled In

Popular Funded

WSQ DISPLAY CRITICAL THINKING AND ANALYTICAL SKILLS POWERED BY WILEY

View detail
Before Funding $550.00
View detail
Funded

FINANCIAL MASTERY FOR BUSINESS DECISION MAKING

View detail
Before Funding $750.00
View detail