Provided by: Effective Outsource Networks

Finance for Non-Financial Professionals 29 30 May 2012

Business and Management Skills

This is an intensive and practical workshop on basic accounting and finance. It gives a broad overview of financial accounting, management accounting and capital budgeting. It is specially tailored for working professionals who have very little knowledge in the key areas of accounting and finance but who nevertheless require such knowledge in the course of their work and responsibilities.
Taking a formal course in accounting and finance will involve many months of commitments. This intensive workshop over two days condenses the key concepts in accounting and finance into an optimal learning experience for the participants.
After the two-day workshop, participants will be able to:
-learn basic accounting and finance knowledge
-read transactions information and summarise into financial statements
-identify different types of costs and shows how to control them
-identify and analyse relevant cash-flows of capital projects
Financial Accounting Basics
- accounting system overview
- accounting principles and concepts
- the accounting equation and the balance sheet
- double entry system: debits and credits
- chart of accounts
- general journal & general ledger
- accruals & prepayments, depreciation & accumulated depreciation, netbook value
- year-end balancing & closing of accounts
- the trial balance & financial statements
Management Accounting Basics
- classifying costs
- understanding cost behaviours
- performing break-even analysis
- determining the cost
- allocating costs and activity-based costing
- controlling costs using standard costing
- preparing the operating budget
Capital Budgeting
- types of capital project
- capital budgeting process
- time value of money, discount factors & presents value cost of capital
- identifying the relevant cash flows
- project evaluation techniques: payback period, accounting rate of return, net present value, internal rate of return & profitability index
Participants are guided through practical steps of the topic with a combination of lectures and group discussions.
Who Should Attend
Any non-financial professionals in marketing, sales, human resources, engineering, production and any other non-finance related areas who wish to know more about accounting and finance.
Course Details
Course Date 29 & 30 May 2012
Time 9am to 5pm
Venue Stamford Road, near Dhoby Ghaut MRT
Early Bird Closing 8/ 5/ 2012
Fee Per Participant
S$556. 40 (Early Bird)
S$620. 60 (Normal)
S$513. 60 (Member)
Fee is inclusive of 7% GST, training materials and tea breaks.
SDF-Approved Yes
Mr Raymond Ang
"I have learnt some of the fundamentals of accounting and now understand simple concepts that I was confused about. I can now be better in administrating and managing."
- Mr Bryan Lim, Project Manager, B H S Kinetic
"I have gained a better understanding of many terminology used in financial statements and can understand accounts related work better now."
- Ms Angeline Chan Mei Yeng, Executive Officer, Seameo Regional Language Centre
"I have gained knowledge of percentage principles and understanding of financial accounts. I can now be more confident when meeting with accountants or auditors."
- Ms Sarinder Kaur, Assistant Manager, NxGen Communications Pte Ltd
Participants will receive a Certificate of Attendance upon course completion.
This is primarily ilt training
Duration:2 days
Training Presented in:English
Training Provided by Effective Outsource Networks
About The Training Provider: Effective Outsource Networks
Effective Outsource Networks - Established in 1996, Effective Outsource Networks (EON) specialises in providing human capital consulting and training services to organisations in Singapore. It has helped organisations improve on day-to-day human resource operations through three main areas of support, namely, information service, consulting, and training. In January 2013, EON was incorporated as EON Consulting & Training...
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