The first part focuses on understanding, analysing and interpreting the Balance Sheet, Income Statement and the Statement of Changes in Equity which are within the domain of Financial Accounting. Relevant concepts, principles and procedures such as Double-entry (debit and credit) Accounting will be explained. This will benefit you not only in understanding the financial statements but also your organisation's financial performance and position. You will also be able to appreciate the financial criteria and yardsticks typically used for performance evaluation. The second part starts with explaining the Statement of Cash Flows and its related analytical ratios, and the importance and relevance of the Cash Flow Forecast to effective Cash Flow Management. This is followed by sessions on budgeting and budgetary control, and capital budgeting techniques which are essential to decision-making in all organisations within the domain of Management Accounting. This will enable you to engage and communicate more effectively and constructively with your superiors, subordinates and peers, thus elevating your contribution, relevance and potential in your organisation.
This financial training course will benefit managers, executives, budget holders and mid-career professionals who may not have the relevant financial experience or qualification.
The Financial Statements
Chow Chan Kwan has more than 15 years of experience as General Manager of various manufacturing subsidiaries of a multinational company in Singapore and China. He has also delivered accounting and finance lectures to students pursuing the Certificate in Management (CIM) at the Singapore Institute of Management (SIM), and conducted in-house financial training during the initial stage of his career as a statistics and research officer at a Malaysian Bank.
Chow holds a Master of Business Administration (MBA) degree in Accounting and Finance from Ohio University in the USA. While pursuing his MBA degree, he delivered accounting lectures to freshmen students, a provision under the university's Graduate Assistant Scholarship Scheme.
Chow is currently a professional trainer and consultant, specialising in Accounting, Finance and Strategic Management.