AMA’S FINANCE & ACCOUNTING FOR NON-FINANCIAL MANAGERS

SIM

Course overview

Categories

Management

Provider

SIM

Course type

Instructor-Led

Course fee

(including 7% GST)

Member Total Fee : $1,027.20
Non-Member Total Fee : $1,284.00

Funding/Subsidy

UTAP Funding

AMA’S FINANCE & ACCOUNTING FOR NON-FINANCIAL MANAGERS


Course Overview

Financial skills are fundamental to any managerial position. This 2-day programme from the American Management Association (AMA) will provide you with the financial literacy and tools you will need to succeed in your career and to interface effectively with finance professionals. Finance and accounting can sometimes seem like an arcane subject to non-financial people. This programme uses a graphical approach to learning finance and accounting that demystifies the subject matter and makes it easier to grasp and retain the concepts being presented. 

Course benefits

BUSINESS OUTCOMES

This programme will enable participants to make managerial decisions that incorporate the financial perspective in addition to other perspectives so that shareholder value can be enhanced.

LEARNING OUTCOMES

  • Know how to read financial statements and to evaluate the financial health of a business based on these statements.
  • Be able to make managerial decisions (both operational and capital expenditure) based on the right financial costs and benefits.

Course outline

  • Fundamental Accounting Concepts – accounting vs finance, accrual vs cash accounting, revenue recognition methods, historical cost vs fair value accounting, the principles of conservatism, materiality and consistency.
  • Understanding Financial Statements –profit and loss account, balance sheet, statement of changes in shareholders’equity, cash flow statement, consolidation of subsidiaries, accounting for affiliates (associated companies), accumulated other comprehensive income.
  • Understanding Double Entry Accounting – graphically,and using debits and credits
  • Evaluating Financial Statements – liquidity ratios, efficiency ratios, leverage ratios, profitability ratios, effect of leverage on ROE, Economic Value Added
  • Improving Profitability through Cost Analysis and Profit Planning – fixed vs variable costs, breakeven analysis, concept of contribution margin, incremental analysis for managerial decision
  • Making Effective Capital Expenditure Decisions – payback, net present value and IRR techniques, the flaws of payback and the pitfalls of IRR as decision tools, discounting of cash flows, profitability index for choosing between projects when resources are limited

Duration

2 days

Who should attend?

(Level 2) Supervisors, Executive, & Emerging Managers     
(Level 3) New Managers     
(Level 4) Managers

Programme leader

Course fee

Programme Fee Amount (including 7% GST) Remarks
Member Total Fee $1,027.20 -
Non-Member Total Fee $1,284.00 -
Early Bird Discount 10% Read Terms & Conditions

Programme Executive In Charge : Patricia Lee

Telephone number : 62489447

Email : patricialee@sim.edu.sg


Non-members are welcome to sign up for SIM membership to enjoy the discounted rate.

To register for the programmes now, select the preferred programme run-dates below through the register icon.

professional-development