Understanding Financial Statement
Course Information
1 Day Course
Fee: $680 (before GST)
Course Dates:
- 16 Jan 2026
- 13 Feb 2026
- 13 Mar 2026
- 10 Apr 2026
Time: 9.15am – 5pm
Contact: [email protected]
Venue: Hotel (near MRT)
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
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Get a $15 NTUC voucher for every successful referral! T&Cs apply & while stocks last!
Rewards are issued only after their referral has completed the course.
Referred individuals must not have attended our courses in the last 12 months.
Referrals from the same company or organization as the referrer are not valid
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.