Accounting for the Non-Finance Professional

VTeach Pte Ltd

Course introduction

In today’s business environment, accounting and finance functions are more than dealing with recording transactions and financing. It is crucial for all Executives, Managers, Department heads or entrepreneurs to grasp and apply fundamental financial management knowledge.
This workshop is to help those professionals who have little or no knowledge of finance and accounting to have better understanding of business or organisational finance matter and financial awareness in order to agree and manage budgets effectively and appreciate core finance principles.

Course Benefits

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

  • Understand accounting and finance terms and concepts
  • Explain their impact on organisational finances and interpret key facts
  • Understand financial terms and confidently discuss issues that affect company finance
  • Interpret the three key financial statements – Profit & Loss, Balance Sheets and Cash Flow
  • Plan, Implement and Monitor a Budget
  • What is an Audit?
  • Compliance Requirements in Singapore

Target Audience

  • Non-finance Managers
  • Human Resource
  • Procurement
  • Marketing and Sales
  • GMs, Heads of department
  • Project Managers
  • Those taking on senior management roles
  • Entrepreneurs and business heads

Course Outline

Interactive and practical approach to learning based on a case study and a group discussion.

An Introduction to Finance Basics

  • What is accounting
  • The difference between Finance and Accounting
  • Understanding Financial Terms
Key Financial Statements
  • Structure & Elements of Financial Statements
  • Balance Sheet
  • Relationship between the Balance Sheet & Income Statements
  • Trial Balance
  • Statement of Changes in Equity
The Profit & Loss Statement (Income Statement)
  • Company’s Performance & Achievements
  • Profit & Loss elements
  • What profit & loss tells you?
The Balance Sheet
  • Balance Sheet Overview
  • Balance Sheet Terms
  • Assets and Liabilities
  • Fixed vs Current Assets
  • Liabilities and Equity
  • Company’s Financial Health
Cash Flow
  • What are the Inflows and outflows?
  • The critical difference: Cash vs. profit
The Cash Flow Statement
  • Direct Method & Indirect Method of Presenting Cash Flow
  • The Cash Budget
  • Sources & Uses of Cash
Budgeting - Plan, Implement and Monitor
  • Know the basics of budgeting
  • Why is it important to Budget?
  • Planning a Budget
  • Types of Budgeting
  • Monitoring Budget

Available Course Sessions

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Trainer Profile

ACTA Certified

VTeach appoints experienced trainers who are knowledgeable on wide range of topics and skillful at teaching in the interesting and simple way. We invest a lot of time finding the right trainers and have fantastic team working for us. Our trainers are all qualified who are ACTA and Microsoft Certified.