Duration . 2 days (16hrs)

 

INTRODUCTION

With increasing emphasis on corporate governance and enhancing shareholders’ funds, financial awareness for managers is not an option, but a necessity. There is a greater need for managers at all levels to acquire financial knowledge to communicate with financial specialists and understand the financial impact of their operational decisions. Financial acumen is recognised as a key strategic decision-making tool for business managers today. 

 

This two-day course transforms financial and accounting concepts into decision-making tools that can be used successfully every day. Participants will learn to apply the fundamentals of finance to improve budget management, increase potential profits, assess the financial viability of projects and ultimately, enhance shareholders’ value.

WORKSHOP OUTLINE / CONTENT

1. See the big picture: What makes a business successful

Understand the principles of business success, expectations of shareholders and their views of risk, and the importance of corporate governance.

2. Understand the reporting: What has been achieved thus far

Be equipped with skills to understand financial statements and be able to evaluate the financial performance and health of a business, such as: 

Structure and content of

  • The Statement of Financial Position

  • The Statement of Comprehensive Income

  • The Cash Flow Statement

Understanding the Balance Sheet

  • Assets and liabilities

  • Implications

Understanding the Profit And Loss Account/Statement

  • Recognition of sales/turnover and expenses

  • Components of cost of goods sold

  • Significant items affecting the bottom-line

 Understanding the Cash Flow Statement

  • Meaning

  • Significance

Appreciate the key underlying accounting concepts used in the preparation of financial statements, especially the application of revenue recognition and accrual concepts.

3. Analyse the annual reports: What to make out of financial information

  • Know how to interpret financial statements and analyse businesses strengths
    and weaknesses using ratio analysis

4. Design the course of action: What can be done to improve the business

Cash flow

  • Foundation of credit management

  • Cash flow management

  • Assessment of working capital management 

Sales and margins

  • Relationships between sales and margin

  • Impact on profitability 

Cost behaviour

  • Understand the various categories of cost

  • Implication of costing

  • How to perform breakeven analysis

  • How to calculate margin of safety ratio

  • Ad-hoc cost consideration

  • Short-term tactical decision

5. Business Investment Appraisal

  • Understand and apply the Payback and Net Present Value methods of appraisal
    in decision-making.

TRAINING METHODOLOGY

The workshop will involve formal inputs with case study-centric discussions and exercises, and interactive group discussions. Participants will learn about how to interpret financial statements and derive a picture of the organisation based on the story the numbers tell. 

CONTACT US : +65 62899196 | +65 68874892 

EMAIL             : enquiries@odctraining.com.sg