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Finance for Non-Finance

Interpreting Financial Statements for Effective Decision-making

Expert Speaker Sardool Singh

$535.00 (including GST)

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EARLY BIRD SPECIAL: Save 10% when you register by 24 May 2019. Use code MAY19 at checkout.

Overview

The ability to comprehend the financial information of your business is a valued skill, especially when making business decisions. Decisions made without proper understanding of the financial data may compromise the profitability of the business! Therefore, it is critical to enhance your financial awareness in interpreting financial statements to allow for effective decision making and management of the business.

 

This practical workshop will examine the basic principles and concepts of financial accounting. Through the use of practical examples, non-finance professionals will fully grasp the financial impact of their decisions, and learn to apply the financial knowledge gained in making responsible decisions. Furthermore, you will be able to bridge the gap with your colleagues in the Finance department. 

 

What You Will Learn

At the end of this workshop, you will:

  • Enhance your financial awareness in interpreting the financial statements
  • Gain practical understanding of the impact of your decisions on business profitability
  • Enable effective decision making by having the ability to harness the right information from the financial reports whilst understanding the basis by which they were derived

 

Programme Outline

The Purpose of Accounting

  • Users of financial statements

 

Fundamental Accounting Concepts

Elements of Financial Statements

  • Assets
  • Liabilities
  • Equity
  • Income – revenue recognition policies
  • Expenses

 

Purposes of Financial Statements

  • Statement of financial position
  • Statement of comprehensive income
  • Statement of cash flows
  • Statement of changes in equity
  • Notes to the financial statements

 

Assets

  • Property, plant and equipment
  • Intangible assets
  • Investment property
  • Inventories
  • Financial instruments including receivables, shares and bonds

 

Liabilities

  • Payables
  • Borrowings
  • Leases
  • Income and deferred taxes

 

Statement of Cash Flows – Link between Cash and Profits

 

Interpretation of Financial Statements using Ratio Analysis

 

Expert Speaker

Sardool Singh

Sardool is an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of Financial Reporting Standards, Cash Flow Statements, Analysis of Financial Statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic. Sardool is also the Chief Financial Officer of an investment company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. He had also gained his working experience with KPMG Peat Marwick and a Japanese merchant bank.

Enquiries: email sg-events@wolterskluwer.com  

 

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