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Practical Business Finance for Non-Financial Executives (e2i)(PDU)(SFC) 

Introduction

A basic knowledge of business and corporate finance is essential for any non-financial management and professionals to function effectively in his/her current capacity. The ability to understand financial jargons is not only useful as a life skill, but a much needed requirement for non-financial professionals occupying or about to assume a greater leadership role in the organization.

In this program, participants will learn how to determine the financial health of a business. Participants will appreciate the need for allocation of scarce financial resources and tighter financial management so as to obtain the best financial value-add for the company. Participants will learn not only the thoughts that go into building up a financial case for a new capital project, but also learn how to use the various common financial tools to justify for a new capital project. Finally, participants will be introduced to the types of costs and their behavior, and how these could be used to determine the breakeven of a business, and forecast profitability under various simulated sales volumes. 

Objectives

1. Tailored towards equipping Non-Financial Management Staff / Professionals with Practical Business & Corporate Finance Skills to Effectively Manage day-to-day and leadership work
2. Understand the Cost of Doing Business
3. Learn the Various Drivers behind Profitability and Cash Flows
4. Understand How to Build a Financial Case for a New Project and How to Justify for one
5. Understand the relationship between, Cost, Volume and Profit, and use the concept to generate different financial outcomes under various simulated conditions

-Participants are advised to bring along a calculator for this course.
 

Outline

1) Determining Business Profitability
- Reading Income Statement (Profit & Loss Statement)
- Building an Income Statement
- Understanding Profit Terms
  a) EBIT / Operating Profit
  b) EBITDAR
  c) Net Income
- Concept of Economic Value Add (EVA)
- Determining Returns
  a) Gross Profit Margin
  b) Operating Profit Margin
  c) Net Profit Margin
  d) Return on Investment (ROI)
  e) Return on Equity (ROE)

2) Determining Financial Health of a Business
- What Balance Sheet Tells You
- How To Determine Liquidity
- How To Determine Solvency
- How To Determine if Assets Are Managed Efficiently

3) Cash Is King!
- Why is Cash Generation Important?
- Why is Profitability Not Equal To Cash?
- Where is Cash Generated? How to Optimize It?
- Where is Cash Used?

4) Cost of Capital
- The Components of Capital
- Capital is Not Free!
- Determining Cost of Capital
- Why is understanding Cost of Capital important?
  * Its Link to Required Rate of Return

5) Capital Budgeting & Justifying for a New Project
- Capital Expenditure versus Operating Expenditure
- Determining Capital Budget Needs
- Importance of the Concept of Cash Flows & Time Value of Money
- Building a Financial Case for a New Project
- Financial Evaluation of Capital Projects
  a) Payback Method
  b) Net Present Value Method
  c) Internal rate of Return

6) Principles of Costs & Their Applications
- Understanding Fixed & Variable Costs
- Determining Contribution Margin
- Determining Breakeven Point
- Using Cost-Volume-Profit Analysis to make Sound Business Decisions

Methodology
70% - Class Instructions / Illustrations / Discussions
30% - Simple Exercises / Case Study  

Trainer(s)

Mr Yeo, Dave

Dave Yeo is a Fellow of CPA Australia, and brings with him more than 18 years of industrial experiences in various public-listed, world-class business organizations such as ExxonMobil, Honeywell and Textron Inc. He has held senior management positions in Accounting, Finance and Internal Controls both in Singapore and China.

Dave holds a Master of Business Administration degree majoring in Accounting from Monash University, Australia, and a Bachelor of Business Administration degree from the National University of Singapore. A final- year Doctorate candidate with the University of Newcastle, Australia, Dave’s research interest is in the area of Strategic Finance.

Besides possessing an aptitude for continuous learning, Dave is very passionate about teaching and enjoys sharing his extensive working knowledge and experiences on the subjects he teach. He is known to communicate and relate particularly well with adult learners.

Dave has always been involved with in-house training in the companies he worked for, on such subjects like Accounting, Costing, Corporate Finance, Budgetary Controls and Capital Budgeting. Whilst working in China, he was a faculty member of the ExxonMobil University in Southern China for 3 years. Currently, he doubles up as a Lecturer for Management Accounting in his company’s EMBA program for corporate talents.

Under NTU's Centre for Continuing Education, Dave has conducted classes in Financial Planning, Accounting, Costing & Budgetary Controls, Corporate Finance, and Financial Management for organizations like the International Association of Registered Financial Consultants, AIA, MediaCorp, Republic of Singapore Air Force, the Competition Commission of Singapore and the Republic Polytechnic.

Who Should Attend

Engineers or Professionals, Managers and Executives (PMEs) with no or little prior formal introduction to the world of business and corporate finance.


Fee with NEW e2i subsidy: S$374.50 (inclusive of GST). *conditions apply

To be eligible for e2i subsidy, participants:
- must be Singaporeans or Permanent Residents of Singapore
- achieve minimum 75% attendance per run
* Participants who do not fulfill the above criteria are not eligible for e2i funding, and are required to pay the course fee in full.

Union members may also apply for UTAP to offset the course fee.  

Details

Date(s):

14 to 15 September 2017 

Time:

9:00am to 5:00pm 

Venue:

NTU@one-north campus, Executive Centre 

Closing Date:

31 August 2017 

Course Fee:

Standard: S$631.30  

NTU/NIE Alumni, Staff & Students: S$505.04  

Group (3 & Above): S$568.17

NTUC Member: S$568.17

 

Registration fees inclusive of:

  • Course materials

  • Light refreshments

  • Complimentary Lunch - applicable at NTU@one-north campus only

  • Prevailing GST

Online Registration

>> CLICK HERE to Register Online

 

Methods of Payment

1. Credit Card (Visa, American Express and Mastercard only)

2. Cheque made payable to Nanyang Technological University

3. Invoice to Company (for Company Sponsored Participants)

4. E-invoice (for Government Organizations)

5. Telegraphic Transfer or Bank Draft (Note: All related charges are to be borne by participant)

Cancellation & Refund Policy

A written notification to cce@ntu.edu.sg or fax to

6774 2911 before course closing date.

No cancellation charges (Full refund)

 

 

A written notification on or after course closing date.
 

No Refund

SkillsFuture Credit (if applicable):
- Participant to cancel their claim with WDA
- NTU-CCE reserves the rights to collect the full fee amount from the participant

Replacement Policy

Given a 3 days notice before course commencement, companies may replace participants who have signed up for the course. Terms and conditions apply.

 

There is no replacement for participant utilising SkillsFuture Credit. Participant to cancel their SkillsFuture Credit claim with WDA.

Terms and Conditions

• Course is subject to a minimum participation before commencement
• Course is subject to a first-come-first-serve basis in light of overwhelming responses
• NTU-CCE reserves the right to change or cancel any course or trainer, in light of unforeseen circumstances
• All details are correct at time of dissemination

Privacy Clauses

At NTU-CCE, participants’ personal information is collected, used and disclosed for the following purposes:
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  6. To issue certificate to the course participants.
  7. For marketing of courses to participants via E-newsletter.
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  9. To deal with any matter related to the course.
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