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SMART Financial Statement Analysis for Senior Executives
SMART Financial Statement Analysis for Senior Executives is a one-day workshop which aim
to provide fundamental knowledge of accounting and finance for senior executives with
non-finance background. It demystifies finance by explaining simply and clearly what the
key financial statements mean, how they work and relate to each other and how to apply
key management ratios to evaluate the strengths and weaknesses of the business
operations.
to provide fundamental knowledge of accounting and finance for senior executives with
non-finance background. It demystifies finance by explaining simply and clearly what the
key financial statements mean, how they work and relate to each other and how to apply
key management ratios to evaluate the strengths and weaknesses of the business
operations.
Objective
By the end of the course, learners will be able to understand:
- The Nature & Role of Accounting
- Desirable Qualities and Objectives of a Financial Report
- Financial & Management Accounting compared
- Fundamental Accounting Policies, Concepts and Assumptions
- Financial Statements & their areas of Interest: Internal & External Stakeholders
- Essential Financial Analysis techniques to examine the financial performance of the business
Outline
- The Framework of Accounting
• Fundamental Accounting Policies, Concepts and Assumptions - Basic Financial Statements
a. Balance Sheet
• Current assets, Fixed assets
• Current Liabilities, Non-Current Liabilities
• Shareholders' funds, Equity
• Working capital
b. Profit & Loss Account
• Revenue, Other Income, Expense
• Distribution of profits
c. Cash Flow Statement
• Operating cash cycle
• Relationship between depreciation & cash flow
• Non-operating cash outflows & inflows - Interpreting Auditors' Reports
• Objectives & Scope of Audit
• Reasonable Assurance, True & fair view
• Auditors' opinion:
- Unqualified, emphasis of matters, qualified, disclaimer, adverse opinion - Analysing Performance of an Enterprise
a. Liquidity Ratios
b. Profitability Ratios
c. Solvency Ratios
d. Asset Management Ratios
e. Stock Market Ratios
Who should attend
Senior executives from Marketing, Operations, HR & IT, Entrepreneurs, CEO and self-employed professionals, and anyone who need to analyse financial statements
Methodology
This course will be conducted in a conducive environment where quizzes and group work
will be used to reinforce learning. Illustrations and real-world examples from the trainer as
well as participants’ experiences will be shared during the course. Published accounts of
public-listed companies will be used to facilitate practical learning.
will be used to reinforce learning. Illustrations and real-world examples from the trainer as
well as participants’ experiences will be shared during the course. Published accounts of
public-listed companies will be used to facilitate practical learning.
Profile of Gary Chan
Chartered Certified Accountant, (ACCA, UK)
MBA in International Business (Henley Business School / University of Reading, UK)
MSc in Strategic Marketing (National University of Ireland)
Certified Trainer & Assessor (WDA-ACTA, Singapore)
Certified Advisors ( Xero and QuickBooks Accounting System )
MBA in International Business (Henley Business School / University of Reading, UK)
MSc in Strategic Marketing (National University of Ireland)
Certified Trainer & Assessor (WDA-ACTA, Singapore)
Certified Advisors ( Xero and QuickBooks Accounting System )
Gary Chan has held various senior management roles in both local and international organizations including that of Regional Director and CFO for a large MNC, Director of Corporate Services for an SME, and Vice President for the Asia Pacific for a Fortune 500 company. These have enabled him to accumulate more than thirty years of extensive corporate finance and business leadership experience in his current role as a much sought-after corporate trainer and consultant; particularly in accounting, finance, business management, and development as well as strategic planning and implementation.
Gary is a Chartered Accountant (ACCA, UK) and started his career as an external auditor with Price Waterhouse Coopers. He possesses an MBA in Business Administration from Henley University in the UK, majoring in International Business. In addition, Gary holds a Master of Science from the National University of Ireland, majoring in Strategic Marketing. Gary is a registered Chartered Accountant member with the Institute of Singapore Chartered Accountants (ISCA).
Gary is passionate about helping people change and re-learn the way they lead, manage, think, create, and collaborate with the aim of supporting his learners in their journey to attain personal and organizational success.
Gary utilizes his creativity and real-world examples in conducting his training. He is passionately fond of training and always willing to share with others all that he knows. His outgoing pleasant personality and confident disposition coupled with his lively, light-hearted, thoughtful, engaging, liberally sprinkled with humour and always relevant to his learners’ needs have made his training more lively, fun and insightful.
Gary represents several departments of government and non-profit organizations in providing volunteer works and training to the public. Gary has been featured in the media locally and regionally. Gary is the founder of a local Skill Training & Consulting which provides training and advisory on Accounting, Tax, Financial Management, Financial Planning, Regional Business Development/Expansion, and Strategic Planning and Implementation.
