Understanding and Analysing Financial Statement

MDIS


Course introduction

In today's business world, understanding the finance and accounting knowledge is no longer an option for Management and Executives. Indeed, organisation will be able to perform better and achieve superior results if all staff in the organisation is able to apply relevant finance and accounting tools in their jobs and functions. There is a growing trend to work in multi-disciplinary teams where knowledge of the core Finance, Accounting and Cost Concepts is necessary to achieve a common level of understanding and communication in relation to shared objectives and corporate drivers. Those who need to make presentations to Board of Committees will benefit from knowing some of the key financial concepts in order that they can present their ideas with a high level of financial authority. The course is designed to discuss the main features of the financial statements prepared by a business



Course Benefits


Upon completion of this workshop, participants will be able to:

  • Understand the meaning and fundamental structure of the financial statements
  • Learn the inter-relationship of the items in the statements
  • Learn to apply the key management ratios to evaluate the strengths and weaknesses of the business operations
  • Know how to apply various analytical techniques to examine the performance of the business operation



Target Audience


Managers and Executives who do not work in accounting but who need to know how basic accounting work and apply accounting related techniques when making business decisions.



Course Outline


What You Want to Know about the Financial Statements?

  • Nature and Role of Accounting
  • Desirable Qualities of a Financial Report
  • Accounting as an Information System
  • Financial and Management Accounting Compared
  • Fundamental Accounting Assumptions
  • Accounting Policies
  • Objectives of Financial Statements. User Groups and their Areas of Interest
Balance Sheet
  • Source and Use of Funds Approach
  • Vertical Format Presentation
  • Current Assets
  • Fixed Assets
  • Liabilities
  • Shareholders’ Funds
  • Capital Employed
  • Net Worth
  • Working Capital
  • Long and Short Balance Sheet Analysis.
Profit and Loss Account
  • Timing Adjustments
  • Distribution or Appropriation of Profits
  • Cash Flow Statement
Cash Flow Statement
  • Operating Cash Cycle
  • Relationship Between Depreciation and Cash Flow
  • Non-Operating Cash Outflows and Inflows
Interpretation of Auditors’ Reports
  • Objectives and Scope of Audit
  • Reasonable Assurance
  • True and Fair View
  • Auditors Opinion
  • Unqualified
  • Emphasis of Matters
  • Qualified
  • Disclaimer
  • Adverse Opinion
Analysing Performance of an Enterprise – Part 1
  • Liquidity Ratios
  • Importance of Liquidity
  • Application, Case Study and Interpretation Techniques
Profitability Ratios
  • Importance of Profitability
  • Meaning of Return on Investment (ROI)
  • Drivers of Margin on Sales
  • Drivers of Sales to Total Assets
  • Operating Profit Model
  • Application, Case Study and Interpretation Techniques
Solvency Ratios
  • Importance of Solvency
  • Application, Case Study and Interpretation Techniques
Analysing Performance of an Enterprise - Part 2
  • Asset Management Ratios
  • Importance of Asset Management
  • Application, Case Study and Interpretation Techniques
  • Stock Market Ratios
  • Application, Case Study and Interpretation Techniques
  • Competitor Analysis
  • Approaches and Techniques of Conducting Competitor or Industrial Analysis

Methodologies

Presentation, interactive discussion, individual exercises, case studies and group activities. Published corporate information and recent corporate development both local and overseas will be used to provide “real-life” examples.

Note: Each participant needs to bring calculator for this course.Participants may bring financial statements and annual reports of corporations to the workshop for discussion and analysis.


Fees
  • S$1,177.00* (including GST)
* Members enjoy a 15% discount before GST
* Group Discount (3 or more participants) - 10%


SDF Grant
  • Pre-approved SDF Funding of S$28.00 for All Companies
  • SDF Course Code: CRS-N-0028929
SkillsFuture Credit
  • Pre-approved SkillsFuture funding of S$500.00



Available Course Sessions


Course Date, Time Reg. Closes On
1 14 Feb' 17 to 15 Feb' 17, 9.00am to 5.00pm 13 Feb' 17 Register Now
2 15 May' 17 to 16 May' 17, 9.00am to 5.00pm 14 May' 17 Register Now
3 30 Aug' 17 to 31 Aug' 17, 9.00am to 5.00pm 29 Aug' 17 Register Now
4 29 Nov' 17 to 30 Nov' 17, 9.00am to 5.00pm 28 Nov' 17 Register Now



Trainer Profile


Lim Kaim Soon

All of our Associate Trainers offer our high level of service therefore are subject to regular peer assessments and interview prior to joining our Institute. They must all be qualified and have relevant experience to an agreed level and are subjected to continual audit and evaluation. Strict internal assessment is implemented as an integral part of our quality control mechanism.



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