Accounting Course for the Non-Finance Professional

Course Dates:

19 & 20 Oct 2017
29 & 30 Nov 2017
18 & 19 Dec 2017

Course Specifications

Course length: 2.0 days

Course Fees:  S$395.00

Course Description

The risk of financial statements misinterpretation is high if one is not equipped with basic accounting knowledge; of which wrong operational and/or management decision making might be made which subsequently resulted into resource wastages for the company in the short run and jeopardize its continuity in the long run.

Our working environment today has evolved with the sensitivity of cost behavior where end state of stake-holders objective is to optimize its scare resource.

This course teaches fundamental Accounting Principles & Cost Behavior together with illustration. Participants will be shown step-by-step examples with double entries impacting the respective journal. Thereafter, there will be hand on exercises with answer provided after the sharing session.

Course Objective:

Upon completion of this workshop, participants will be able to:

  • Understand the basic Accounting Equation and the nature of each equation elements.
  • Able to differentiate between Financial Statement required by ACRA and Internal Management.
  • Able to acquire the knowledge on ACRA Compliance requirement such as XBRL Filing, Annual General Meeting and Annual Return Deadline etc.
  • Able to acquire the knowledge on IRAS Compliance requirement such as Estimated Chargeable Income (ECI) and Annual Tax Return Submission Deadline etc.
  • Understand the various type of knowledge Management within Accountancy such as Financial Accounting, Management Accounting, Cost Accounting, Taxation as well as External/ Internal Audit etc.
  • Learn how to prepare a Cash-flow statement & Cost statement (Marginal & Absorption) and henceforth appreciate the relationship between Cash and Profit.

Target Audience: 

Non-Finance professionals (such as Sale, IT, HR, Operational & Logistic professionals) whom wish to understand accounting fundamentals (both Financial & Costing) before moving on to analyzing financial reports so as to value-add to their own department, within departments and the Organization.

Course Content

Lesson 1: Types of Financial Statements (FS)

  • Corporate Accounts
  • Management Accounts
  • Cost Accounts (Marginal Vs Absorption)

Lesson 2: Introduction to Balance Sheet (B/S)

  • Asset (Fixed & Current)
  • Liabilities (Fixed & Current)
  • Equity

Lesson 3: Introduction to Profit & Loss Statement (P/L

  • Revenue
  • Expenses
  • Other Income
  • EBITDA 

Lesson 4: Relationship between B/S and P/L

Lesson 5: Difference between Trading and Manufacturing Accounts

Lesson 6: Fundamental Accounting Principles

  • Matching Principles
  • Recognition of Incomes and Expenses
  • Accrual & Prepaid Concept
  • Provision

Lesson 7: How Transaction Flows Within the FS

Lesson 8: Compliance Deadlines Imposed by ACRA and IRAS

Lesson 9: Importance of FS for Annual Return & How It Affect a Business Continuity

Lesson 10: Relating to Real Life Business Situation  

  • How FS shape and influence strategic decision making & planning
  • Example using Financial Ratios & Cost-Volume-Profit (CVP) model Analysis 

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