Business performance is measured using financial statements. Management is expected to create value for the company. To create value, a good grasp of financial principles is absolutely essential. However, many non-financial managers do not fully grasp financial and accounting concepts. Value will not be optimised when this happens. In this workshop you will enhance your business acumen and financial analysis skills. After this, you will be better at making business decisions and taking your business to the next level!
This course uses accelerated learning methodology to provide an impactful learning experience. Actual annual reports of public-listed companies, real-life case studies and financial news will be used to provide realistic learning experiences and direct transfer of learning to the workplace. This is a hands-on workshop that focuses on the practical applications of accounting and financial principles in a business environment. Complex technical jargon will be explained in simple layman terms.
This workshop will enhance participants business acumen and financial analysis skills. After the training, participants will be able to better:
- Understand common accounting and finance terminology
- Appreciate the rationale behind accounting and financial policies
- Make business decisions
- Manage operations to achieve better financial results
- Analyse financial information in annual reports
- Monitor financial performance
- Manage financial risks
- Appreciate corporate strategy and KPIs set by senior management
- Ask insightful questions about a company’s finances and business strategy
- Communicate more effectively with finance department
Module 1: Balance Sheet
Analysing strength, risk and stability
- How is a business funded?
- How is a company's net worth determined?
- Analyse if the company is facing bankruptcy risk
- Importance of working capital management
- Improving balance sheet liquidity
Module 2: Income Statement
Analysing performance and operating efficiency
- Cash vs Accrual accounting systems
- Strengths and limitations of accrual accounting
- Computing profit margins
- Why profitable companies can still go bust
- Revenue recognition - Percentage of completion vs completion method
Module 3: Cash Flow Statement
Analysing health and sustainability
- Cash balance vs Cash flow
- How to tell if a business cash flow is sustainable
- Where cash might be stuck in the company and how to free it up
- Sustainable vs non-sustainable cash flow pattern
- Impact of working capital changes on cash flow
Module 4: Profitability Management
Identifying profit drivers through Cost-Volume-Profit (CVP) Model
- Understanding impact of changes in volume, cost and selling price on profit
- Comprehending cost behavior and impact: fixed vs variable costs
- Break-even analysis
- Contribution margin analysis
- Operating leverage
Module 5: Capital Budgeting
Evaluating project financial viability and feasibility
- Capital budgeting
- Why is it important?
- 4 stages of capital budgeting
- Payback method
- Time value of money
- Net Present Value (NPV) analysis
- Internal Rate of Return (IRR) analysis
- Comparison of payback, NPV and IRR methods
- Weighted average cost of capital (WACC)
- Assessing project risk
Module 6: Financial Ratios Analysis
Learn how to size up a company quickly using financial ratios
Case Study and assessment
Accounting in a Box® learning toolkit
Who Should Attend
Executives, Managers, Entrepreneurs
Mode of Training
On-campus or Online (Live)
Adjunct A/Prof James Leong C. Foo
James is the founder and master trainer of Visions.One Consulting Pte Ltd. He brings to his clients and participants more than 20 years of financial, management and international training experience. Prior to becoming an educator, he was Head of Finance (APAC) for a Fortune 500 company. As a chartered accountant, James achieved distinction for achieving the top 5% of results in his professional accounting examinations in Australia.
James is an Adjunct Associate Professor with the National University of Singapore. He has also facilitated the CA programme for the Institute of Chartered Accountants in Australia. James is the inventor of the Accounting in a Box® learning toolkit and has created the Financial Storytelling™ method which makes learning finance intuitively simple, easy and fun for non-finance people. Learners not just learn to interpret and apply concepts but also develop confidence to speak the language of finance with fluency so they can carry out meaningful conversations during meetings with finance and the CEO.
In his customised training programmes, James has consulted for clients including US Fortune 100 companies such as AIA, Becton Dickinson, Chevron Texaco, Discovery, Dow Jones, GE Life, Honeywell, Sanofi, Safran, IBM, Lion Capital, Louis Vuitton, Merck, Mitsubishi Electronics, Mizuho Corporate Bank, Duke Corporate Education, Singapore Management University, Oracle, Panasonic, Philips Electronics, Prudential, SingTel, Wildlife Reserves of S’pore, UOB, OCBC, DBS Bank, SATS and Sumitomo-Mitsui Banking Corp. James also conducts programmes for government ministries, statutory boards and facilitates workshops internationally.
The Singapore Business Review has featured James as one of ten influential professional speakers in Singapore. The Institute of Singapore Chartered Accountants also paid tribute to James for his contribution as an educator in an International Teachers’ Day special publication.
James has earned his Certified Speaking Professional (CSP) credential – the speaking profession’s highest credential awarded by the Global Speakers Federation, held by only 12% of the 7,000 professional speaker members worldwide.