Introduction
formerly known as "Understanding Financial Statements and Annual Reports"
Why You Should Attend This Course
Understanding published financial reports can be a daunting task. We often find ourselves deterred from our attempts to delve into the myriad of information and unfamiliar terms in the financial statements and their overwhelming details that are separately noted in the annual reports
This two-day course is put together based on the latest published financial reports of a SGX-listed company to enhance your confidence and make your experience more rewarding when reading financial statements and navigating annual reports.
Benefits/ Learning Outcomes
Acquire sufficient knowledge on reading and understanding published financial reports
Appreciate the usefulness of complimentary notes referenced in the financial statements
Explain the relationships among the financial statements
Understand the concepts and principles underlying the preparation of financial statements
Apply financial ratios to analyse the financial performance of the SGX-listed company
Understand the meaning, determination and use of free cash flow
Know the major issues to look out for in the Directors' Report
Detect tell-tale signs of potential risks insinuated by the Independent Auditors' Report
Target Audience:
This two-day course will benefit managers, executives and mid-career professionals who may wish or need to refresh or enhance their understanding and analysis of published financial statements and annual reports
Course Content
Course Outline
1) Corporate Annual Report
2) Balance Sheet
Accounting Equation
Dual Aspect Principle
Assets
Liabilities
Equity
3) Income Statement
4) Statement of Changes in Equity
Linking Balance Sheet and Income Statement
Share Dividends and Share Capital
Share Options and Share Capital
FX Translation Differences and Currency Translation Reserve
Statement of Comprehensive Income
5) How Transactions Flow to the Financial Statements
6) Analysis Using Balance Sheet and Income Statement
Profitability Ratios
Efficiency Ratios
Solvency Ratios
7) Analysis Using Cash Flow Statement
8) Navigating Annual Report and Detecting Risk
Trainer's Profile
Mr Chow Chan Kwan has more than 15 years of industrial experience as General Manager of various manufacturing and retail subsidiaries of a multinational company in Singapore and China.
He has delivered accounting and finance lectures to students pursuing the Certificate in Management (CIM) at the Singapore Institute of Management (SIM), and conducted in-house financial training during the initial stage of his career as a statistics and research officer at a Malaysian bank.
Chow holds a Master of Business Administration (MBA) degree in Accounting and Finance from Ohio University in the USA. While pursuing his MBA degree, he delivered accounting lectures to freshmen students, a provision under the university's Graduate Assistant Scholarship Scheme.
Mr Chow is currently a professional trainer and consultant, specialising in Accounting, Finance, Strategic and Supply Chain Management
