Understanding and Unraveling Published Financial Statements

Marketing Institute of Singapore - Executive Development


Course introduction

Understanding published financial reports can be a daunting task. We often find ourselves deterred from our attempts to delve into the myriad of information and unfamiliar terms in the financial statements and their overwhelming details that are separately noted in the annual reports

This two-day course is put together based on the latest published financial reports of a SGX-listed company to enhance your confidence and make your experience more rewarding when reading financial statements and navigating annual reports.



Course Outline


1) Corporate Annual Report

  • Key Components of Corporate Annual Report
  • Consolidated Financial Statements
2) Balance Sheet
  • Accounting Equation
  • Dual Aspect Principle
  • Assets
  • Liabilities
  • Equity
3) Income Statement
  • Matching Principle
  • Revenue
  • Expenses
  • Accrual vs Cash Accounting
  • Double-Entry and the T-Account
4) Statement of Changes in Equity
  • Linking Balance Sheet and Income Statement
  • Share Dividends and Share Capital
  • Share Options and Share Capital
  • FX Translation Differences and Currency Translation Reserve
  • Statement of Comprehensive Income
5) How Transactions Flow to the Financial Statements
  • Illustration
  • Exercise
  • End-of-Period Adjustments
6) Analysis Using Balance Sheet and Income Statement
  • Profitability Ratios
  • Efficiency Ratios
  • Solvency Ratios
7) Analysis Using Cash Flow Statement
  • Cash Flow Statement
  • Sources and Applications of Cash
  • Liquidity Ratios
  • Free Cash Flow
8) Navigating Annual Report and Detecting Risk
  • Relevance of Directors' Report
  • Interpreting Independent Auditors' Report
  • Key Trends to Watch
  • Capital Commitments



Available Course Sessions


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Trainer Profile


Chow Chan Kwan

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.



 

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