Financial Literacy in Business Management

Course Code: TGS-2021004115

Managers of business units need to understand and be able to analyse financial statements to exercise cost control, monitor financial performance of their business unit and enhance profitability to meet financial goals.

This course will provide non-finance managers with a strong foundational understanding in accounting, how to read financial statements, and equip them with skills in financial analysis to guide decision making, manage their business unit and formulate recommendations to improve financial performance.

Key Competences

  • Understand Financial Statements
  • Conduct Financial Analysis
  • Financial Decision Making
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Course Outline

Main Financial Statements

- Profit & Loss Accounts
- Balance Sheet
- Cashflow Statement

Analysing Financial Statements

- Classifications & Concepts
- Preparation of Financial Statements
- Financial Ratio Analysis

Financial Analysis in Business Decisions

- Objectives of Financial Analysis
- Methods of Financial Analysis
- Financial Analysis in Decision Making

Financial Analysis in Business Management & Planning

- Financial Analysis as a Business Tool
- Key Questions in Financial Analysis
- Improving Financial Performance

Course Details

Date: Oct 28 (11.5 hours) Blended
Time: 9am – 5pm
Trainer: Dr Tan Buck Chye
Enquiries: janiceyin@ymca.edu.sg

Full Course Fee for this module: $481.50 (incl. GST)
Singapore Citizens 40 and above: $ 76.50
Singapore Citizens below 40 and PRs: $309.00
Singapore Citizens below 40 and PRs sponsored by SME: $ 76.50

course-fee

1. Funding is subject to trainee’s eligibility, pending final notification from SkillsFuture Singapore.
2. Trainees receiving funding are responsible to fulfill attendance and assessment requirements.
3. YEC reserves the right to bill the trainee the full course fee if their funding for the course is not approved by SkillsFuture Singapore.
4. Eligible to use SkillsFuture credits to offset course fees

Admission

Registration for courses funded by SkillsFuture Singapore (SSG) are subjected to further suitability and eligibility checks by both SSG and YMCA Education Centre (YEC).

Entry requirements:

1. A minimum of 3 years working experience
2. At least 1 year at mentoring or supervisory or managerial level in leading and managing teams
3. Good spoken and written English communication skills
4. Education Level:

  • 3 GCE ‘O’ Level passes including English OR
  • Workplace Literacy (WPL) Level 5 OR
  • Higher Nitec in a relevant industry

Trainees are required to be able to speak, listen, read, and write in the course of work using English as the main language of communication.

The assumed skills, knowledge and attitudes for this programme are:

1. Good analytical and communication skills
2. Good digital literacy skills with word processing and presentation tools
3. Deep domain expertise and industry knowledge