Understanding Financial Statement
Course Information
1 Day Course
Fee: $680 (before GST)
Course Dates:
- 10 Apr 2026
- 3 Jul 2026
- 14 Aug 2026
- 11 Sep 2026
- 2 Oct 2026
- 6 Nov 2026
- 4 Dec 2026
Time: 9.15am – 5pm
Contact: [email protected]
Venue: Pan Pacific Singapore/Holiday Inn Orchard City Centre
Note:
- Tea breaks and buffet lunch will be served. Car parking coupons are available upon request.
- For 3 pax and above, 10% discount across the board
Course Introduction
This course is designed to discuss the main features of the financial statements prepared by a business enterprise. The course is divided into 2 sessions. In the first session, participants will understand the meaning and fundamental structure of the financial statements, and the inter-relationship of the items in the statements. Thereafter, participants will learn to apply key management ratios to evaluate the strengths and weaknesses of the business operations.
Course Outlines
Topic 1: What you want to know about the financial statement?
Nature and role of accounting; Desirable qualities of a financial report;; Accounting as an information system; Financial and management accounting compared; Fundamental accounting assumptions; Accounting policies; Objectives of financial statements. User groups and their areas of interest.
Topic 2: Three basic financial statements
Balance sheet – source and use of funds approach; vertical format presentation; current assets; fixed assets; liabilities; shareholders funds; capital employed; net worth; working capital; long and short balance sheet analysis. Profit and loss account – timing adjustments; distribution or appropriation of profits; and cash flow statement. Cash Flow Statement – operating cash cycle; relationship between depreciation and cash flow; non-operating cash outflows and inflows.
Topic 3: Interpretation of Auditor's Reports
Objectives and scope of audit; Reasonable assurance; True and Fair View; Auditors opinion – unqualified, emphasis of matters, qualified, disclaimer, adverse opinion.
Topic 4: Analyzing Performance of An Enterprise
Liquidity Ratios
- Importance of liquidity; application, case study and interpretation techniques.
Profitability Ratios
- Importance of profitability; meaning of return on investment; drivers of margin on sales; drivers of sales to total assets; operating profit model; application, case study and interpretation techniques.
Solvency Ratios
- Importance of solvency; application, case study and interpretation techniques.
Asset Management Ratios
- Importance of asset management; application, case study and interpretation techniques.
Stock Market Ratios
- Application, case study and interpretation techniques.
Note: Participants are required to bring calculators.