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Accounting & Finance for Advanced Manufacturing (SF Series) 


Advanced Manufacturing – the use of advanced technologies in manufacturing – has not only enabled factories to produce more technically sophisticated products, but also allow them to adjust their production more flexibly. Flexible manufacturing gives companies an edge as it adjusts to customers demand for greater variety, faster product introduction, and shorter product life cycles, while maintaining a consistently high product quality. This competitive edge can turn into competitive advantage if cost is kept low at the same time and pricing set at a competitive level. However, investment in Advanced Manufacturing does not come low and justifying it may pose a challenge for Management.

This course provides an Overview of Manufacturing Accounting, Discuss the Cost Impact from adoption of Advanced Manufacturing, Explores Issues affecting the Investment Decision and Introduces the Techniques to evaluate it. Finally, it recommends using an Activity Based Costing System to track and refine product costing, to allow companies to make better pricing decisions for more competitive wins in the market place. 


1.Understanding the various Aspects of Manufacturing Accounting
2.Understanding the Positive Impact on Cost Drivers from introduction of Advanced Technologies
3.Understanding the other Not-so-Easily Quantifiable Benefits of Advanced Manufacturing
4.Building a Financial Investment Case for Advanced Technologies & Evaluation of it via Discounted Cash Flow Techniques
5.Sharpening a Company’s Competitive Advantage via Better Costing System and Better Pricing Decision


1)The Manufacturing Profit & Loss (P/L)
-Actual vs Standard Costing
-Inventory Valuation (Marginal vs Full Absorption)
-Manufacturing Variances in Standard Costing
-Significant Manufacturing Cost Items to Watch
-Cost Reductions (Sourcing, Productivity, Efficiencies)

2)Financial Benefits of Advanced Manufacturing
-Impact on Manufacturing Cost Drivers
-Impact on Inventory Cost
-Other Qualitative & Indirect Financial Benefits

3)Justifying Capital Investment in Advanced Manufacturing
-Financial Measures: Traditional vs Advanced Manufacturing
-Capital Evaluation of Advanced Manufacturing Investments
a)Cost of Capital
b)Concept of Cash Flows / Time Value of Money
c)Building Up a Financial Investment Case
d)Net Present Value (NPV)
e)Internal rate of Return (IRR)
f)Other Considerations

4)Better Costing System, Better Pricing Decisions
a)Direct & Indirect Costs in Manufacturing
b)Activity-Based Costing System
-Implementation Methodology
-Comparison with alternative method
c)Pricing Methodologies – an introduction  


Mr Ee, Teck Siew

After graduating with a Bachelor of Accountancy in 1994, Mr Ee Teck Siew worked with one of the ‘Big Four’ accounting firms for two years. Over the next 15 years, Mr Ee has been working in various industries, primarily manufacturing concerns, building up his experience and exposure from the Finance Manager to Financial Controller and CFO. His past experience has provided him with a strong foundation in finance and accounting in general and financial leadership in embracing technology, inter-personal relations skills, communications and contemporary management knowledge in pursuit of his professional career. He is passionate to share his knowledge and experience with others. Mr Ee also holds a Master of Business Administration Degree from Nanyang Technological University.

Who Should Attend

Plant Managers, Operations/Technical Managers, Plant Engineers & Business Analysts.

Fee with NEW SkillsFuture Series Subsidy: S$250.38 inclusive of GST) *conditions apply

To be eligible for SkillsFuture Series subsidy, participants:
- must be Singaporeans or Permanent Residents of Singapore
* Participants who do not fulfill the above criteria are not eligible for SkillsFuture Series funding, and are required to pay the course fee in full.




23 to 24 May 2019 


9:00am to 5:00pm 


NTU@one-north campus, Executive Centre 

Closing Date:

15 April 2019 

Course Fee:

Standard: S$834.60  

NTU/NIE Alumni, Staff & Students: S$667.68  

Group (3 & Above): S$751.14

NTUC Member: S$751.14


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 pace@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
- PaCE@NTU 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
• PaCE@NTU reserves the right to change or cancel any course or trainer, in light of unforeseen circumstances
• All details are correct at time of dissemination

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