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Basic Accounting Management

Introduction

A knowledge of basic accounting and financial management is essential for any technical professionals moving up the corporate ladder or are already occupying a leadership position. To be effective and value-add in his/her work, the leader/executive would need to be able to read financial statements intelligently, understand financial terms, and most importantly, to assess the financial impact of many of his/her decisions on the organization. One of the many expectations of leadership today is to be able to develop and manage budgets. Therefore, an appreciation of costs and their behavior, the various budgeting methods, and the management of common budgeting issues would come in handy to ensure broader corporate financial goals are achieved.

Course Objectives

This program is designed as a foundational course for participants who have little, no knowledge or prior exposure to a formal course in accounting and finance.

Participants at the end of the course will:
* Have a good appreciation of the terminologies used in accounting.
* Read financial statements, as well as to analyze and assess the basic financial and operating health of an entity.
* Learn the different classification of costs and their behavior, and how these will have significant implications on financial management and budgeting.
* Explore and discuss different types of budgeting techniques as well as the practical issues encountered in budgeting.
* Appreciate how a system of internal controls can help to play an important role in safeguarding valuable company assets and resources.

Course Outline

1. Understanding Accounting Language, Concepts & Principles
- Chart of Accounts
- Double Entry Book-keeping (Debits/Credits)
- Accruals vs Cash Basis of Accounting
- Capital vs Operating Expenses
- Depreciation & Amortization
- Provisions & Allowances
- Contingent Liabilities

2. Reading Key Financial Statements
- Structure & Elements of Financial Statements
- Balance Sheet
   * Current/Non-Current Distinction
   * Assets
   * Liabilities
   * Equity
- Income Statement
   * Revenue
   * Expenses
   * Net Operating Profit
   * Net Income
   * EBITDAR
- Relationship between the Balance Sheet & Income Statement
   * Trial Balance
   * Statement of Changes in Equity

3) Cash Flow & Cash Management
- Distinction between Accounting Profit & Cash Flow
- The Cash Flow Statement
   * Direct Method & Indirect Method of Presenting Cash Flow
- The Cash Budget
   * Sources & Uses of Cash

4) Working Capital Management
a. Receivable Management & Measure (DSO)
b. Payable Management & Measure (DPO)
c. Inventory Management & Measure (DIOH & Inv. Turn)

5) Understanding Cost Terms & Appreciating Cost Behavior
- Fixed/Variable/Semi-Variable Costs
- Direct/Indirect Costs
- SGA & Overheads
- Building Blocks of Costing Systems

6) Understanding Role of Budgets, and Explore Issues in Budgeting
- Types of Budgets
- Budgeting Techniques
- Budgeting Issues
- Usefulness of Budgets
- Variance Analysis

Notes:
Participants will learn how to construct simple balance sheet and income statements. Discussions, Exercises, Practice Problems and Cases Studies will be used to reinforce the learning as well as to illustrate realistic applications of the financial concepts learned.

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, and several statutory bodies and institutions of higher learning like the Republic of Singapore Air Force, the Competition Commission of Singapore and the Republic Polytechnic.

Who Should Attend

The program is for all executives who appreciate the usefulness of having a basic, sound foundation in financial accounting and financial management. The target audiences are team leaders, supervisors, and managers from all fields of work, such as Sales, Customer Service, Supply Chain, Human Resources, Manufacturing Shopfloor, Engineering and IT.

Course Details

Date:

19 to 20 August 2009

Time:

9:00am to 5:00pm

Venue:

NTU@one-north campus, Executive Centre

Closing Date:

5 August 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)