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Business Finance for Engineers

Introduction

In this knowledge-based economy, it is no longer sufficient to be proficient in one professional specialisation alone. Whatever the shape and size of a business, they all have one thing in common, i.e., they hope to make money. A major factor in determining success is the ability of management to control its finance. The objective of this short course is to demystify the process of business finance and to help the participants to turn their business from a potential casualty of the ‘death valley curve’ into an efficient and profit-making success story.

Course Objectives

The course has been designed for the understanding of the framework which enables managers and professionals to focus on the business financial skills they need to develop. The short course also serves as a reference point and source of ideas and information through which the participants can practise learning needs and identify appropriate activities.

Course Outline

How money works in business
- The role of balance sheet and profit & loss statement
- Where does the money in business come from and where it is invested
- Working capital
- Fixed assets
- Creditors and debtors

Balance sheet and profit & loss statement
- Cash flow forecast
- Making sense of company’s financial results
- How your business is doing at any given time
- Depreciation

Forecasting performance
- Preparing a cash flow forecast
- Analysing patterns of trading
- Revenue forecasting
- Profit & loss and balance sheet forecasts

Interpreting financial information
- Ratios and return on net assets
- Profit management
- Asset management
- Leveraging
- Analysing accounts
- Liquidity

Planning for success
- Costing: cost-price-volume relationship
- Fixed and variable costs
- Breakeven point
- The profit volume chart
- Predicting the future
- Contribution margin
- Margin of safety
- Subcontracting

Trainer(s)

Dr Chin, Teck Chai

Chin Teck Chai obtained his Bachelor of Science degree with First Class Honours in Electrical & Electronic Engineering from the University of Strathclyde, UK, the Master of Science degree in Industrial Engineering from the National University of Singapore, the Master of Engineering degree with Distinction in Control Systems from the University of Sheffield, UK, and the Doctor of Philosophy degree in Business and Management with Specialisation in Finance and Investment from the University of South Australia. Dr Chin was an Associate Professor with the School of Electrical & Electronic Engineering in Nanyang Technological University. Dr Chin currently manages a private investment portfolio.

Who Should Attend

Engineers

Course Details

Date:

1 to 2 October 2009

Time:

9:00am to 5:00pm

Venue:

NTU@one-north campus, Executive Centre

Closing Date:

17 September 2009

Fee:

Standard: SGD$590 Alumni: SGD$472 Group (3 & Above): SGD$531

Registration fees inclusive of:

Course materials
Light refreshments
Lunch
Complimentary parking (1 entry/day) - applicable at NTU@one-north campus only.
Prevailing GST

Online Registration

>> CLICK HERE to Register Online

Methods of Payment

1. Credit Card (Visa 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)

Cancellation & Refund Policy

Written notification to cce@ntu.edu.sg or fax: (+65) 6774 2911 at least 10 days before course commencement	No cancellation charges (Full refund)
Written notification within 4 – 9 days before course commencement	50% of course fees (50% refund)
Written notification within 3 days before course commencement	100% of course fees (No refund)