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Finance for Professionals

IntroductionProgramme Outline
 
 

FINANCE FOR PROFESSIONALS

Numbers Talk: Helping Professionals understand what their numbers are Saying

 

 

To be an all-round successful professional, basic financial knowledge is essential. Numbers talk. You can find out how your business/practice is doing, compared to those of your competitors or peers in the industry. You may also be able to secure the resources that you need to grow the business, if you know how to analyze issues with numbers, or justify decisions with numbers. Most importantly, professionals who know their numbers well will be taken seriously. The ability to understand numbers and to use financial information to your advantage, is thus of paramount importance and the key to business success.

 
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Key Takeaways

  • Understanding the numbers that make or break your business
  • Skills to interpret key financial statements
  • Ability to construct effective budgets
  • Know how to select the right KPIs for financial monitoring
 

Who should Attend

This programme is ideal for professionals who are:

  • doctors, lawyers, architects, engineers and all who are in professional services, and are interested to acquire a better understanding of the numbers of their own practice, as well as

  • business executives and are required to understand and interpret financial information.

 
 

Snapshots of Classes

 

 

 

 

 

 

 

 

 

 

 

Professionals Management Toolkit Series

The Finance for Professionals programme is part of the Professionals Management Toolkit (PMT) Series. Participants who successfully complete 6 programmes offered by SMUA-HCML within 5 years will receive the Certified Professional Business Manager (CPBM). For example:


PMT Programmes
COMM – Advanced Communication Strategies
STRATEGY – Middle Managers’ Role in Strategy Implementation
FINANCE – Finance for Professionals
ANALYTICS – Analytics for Better Decision Making
LEADERSHIP – Complete any 2 modules from Executive Certificate in Leadership & People Management (70% WSQ Course Fee Grant available)
HR – Complete any 1 module from HR Graduate Certification (70% WSQ Course Fee Grant available)
      – HR Analytics Certificate (Foundation Level)
      – Certified HR Analytical Professional (Advanced Level)

 

Programme Requirements

Participants have to meet a minimum attendance rate of 75% and are required to undergo an assessment at the end of the programme. Only upon meeting the minimum attendance rate and passing of the assessment, will participants be issued a Certificate of Completion.

Participants who failed the assessment will be given a chance for re-assessment at a re-assessment fee of SGD481.50 (including GST). Each participant is allowed up to 1 re-assessment. The re-assessment has to be taken within 1 month following the last attempt. The re-assessment will be held on a weekday specified by CPS.

Participants who meet the minimum attendance rate but do not achieve a pass for the assessment will be issued a Certificate of Participation.

 

Programme Schedule
8 to 9 June 2017 (9.00am – 5.00pm)  Closed    

 

Fees
Programme fee :    SGD1,712.00 (including GST) per person
     

Fees include tuition, course materials, instructors’ fees and 2 tea break refreshments per day (excluding lunch) during the programme.

 

SkillsFuture Credit

Singapore Citizens aged 25 and above, and self-funding may use their SkillsFuture Credit (up to SGD500) to defray part of the course fee. Please click here for the User Guide on how to claim for SkillsFuture Credit.  Claim should be submitted via the SkillsFuture Credit Portal (click here).  

 

Union Training Assistance Programme (UTAP)

All NTUC union members are eligible for UTAP funding (up to SGD250 per annum).  Please click here for more information on UTAP and application. 

CPS Learning Grant

The CPS Learning Grant was established in 2016. It aims to encourage working professionals to take charge of their own learning and career advancement through lifelong upskilling by defraying a part of their training/development cost.

There are 2 grants valued at SGD1,000 each and they are made possible through the generous donations of well-wishers of SMU and the centre.

The grants are now open for application by the applicants of the Finance for Professionals programme.

Eligibility Criteria

Applicant must be a Singapore Citizen / Permanent Resident and self-sponsored for the programme.

Application

  1. Click here to register for the programme by 31 October 2016.
     
  2. Email to cps@smu.edu.sg within 14 days after your registration on why you should be considered for the grant and how you think the programme will help you with your career development.

Selection

Selection process is competitive.  The decision of the Grant Committee is final.  The 2 successful applicants will be notified by email before 1 December 2016.

Requirement

The 2 applicants are required to pay 100% of the programme fee  prior to programme commencement.  Upon successful completion of the training and assessment, the grant will be remitted into the successful applicants' bank account that he/she has previously provided us with.

 

 

 

 

Venue

Singapore Management University

 
 

 
Refreshments

Refreshments will be provided for the 2 tea breaks each day during the programme. Lunch is not provided. Refreshments provided are “no pork no lard”. If you have special dietary requirements, please inform us accordingly.

 
Programme Policies

For CPS’s policy on registration / substitution / deferment / withdrawal / refund, please click here.

 
Facilitator

 

MR. ADAM WONG
Executive Director, Mayvest Asia Pte Ltd
Senior Partner, PT Asia EduFin

Adam is the Executive Director of Mayvest Asia Pte Ltd and a Senior Partner of PT Asia EduFin. Adam teaches regularly in SMU’s professional programmes and is a Business Domain Expert Facilitator for training areas such as Anti-Money Laundering, Credit Risks, Cash Management, Loan Syndication, Trade Finance, Project Finance and Sales Empowerment.

He is also an adjudicator of the Financial Industry Disputes Resolution Centre in Singapore. Adam is a seasoned trainer / facilitator that conducts successful workshops for participants in Singapore, Indonesia, Malaysia, Vietnam, Bahrain, Shanghai, Sri Lanka and Pakistan. Prior to his current appointments, he was a General Manager with Standard Chartered Bank (Singapore and Hong Kong), Director in American Express Bank, Head of Cash Management in DBS Bank, Vice President Director of a joint venture bank in Indonesia with 22 years of successful track record in Cash Management, eCommerce, Corporate Banking and Trade Finance and Small & Medium Enterprises.

 

 

 

 
What our participants said about the programme:

 

 

 

You may also Like these Programmes

 

 

Middle Managers' Role in Strategy Implementation: The Lynchpin of Success  [15 August 2017]    Find out more
Advanced Communication Strategies: Using Strategic Persuasion To Get What You Want  [30 - 31 August 2017]    Find out more
Executive Certificate in Leadership & People Management [from 17 April 2017]    Find out more

 

 

 
 
Day 1 The Role of Finance in Businesses
  • Understanding the various assumptions underlying the preparation of financial statements

 Conventions used in accounting
– Concept of value

  • Understanding the structure of various financial statements

 Statement of comprehensive income
(a) Revenue recognition
(b) Cost concepts

 Statement of financial position (balance sheet)
(a) Assets
(b) Liabilities & their measurement
(c) Shareholders’ equity

 Statement of cash flows
(a) Cash flow vs. profit
(b) Components of cash flow statements

  • Linking up the relationships between the three financial statements
 
  • Interpreting what the financial statement tells us

 Profitability indicators
– Operational efficiency indicators
– Short term liquidity indicators
– Financial health indicators
– Financial vulnerability indicators
– Profile of failed companies

Day 2 Managing Working Capital and Budgeting
  • Managing Working Capital

– Components of Working Capital
– Determining the amount of working capital a business requires

 

  • Introduction to budget

 What is a budget?
– Goals of budgeting
– Why budget fails
– Effective budget

  • Understanding cost behaviours
 
  • Types of budgets

 Static
– Flexible
– Zero based
– Rolling

  • Components of the budget
 
  • Constructing the budget

 

Please note that the facilitator may make adjustments to his teaching depending on the class progress each day.

 

 

 

 

 

Last updated on 16 Jun 2017 .