2-day basic Accounting course for Non-Finance Professionals who wish to understand accounting fundamentals before moving on to analyzing financial statements
About the course
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 behaviour where end state of stake-holders objective is to optimize its scare resource.
This course teaches fundamental Accounting Principles 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.
Who should attend
Non-Finance professionals who wish to understand accounting fundamentals before moving on to analyzing financial statements so as to value-add to their own department and the Company.
What you’ll learn
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.
- Understand the various type of topics within Accountancy such as Financial Accounting, Management Accounting, Cost Accounting, Taxation (Direct/ Indirect) as well as External/ Internal Audit etc.
- Learn how to prepare a Cash-flow statement and henceforth appreciate the relationship between Cash and Profit.
Lesson 1: Types of Financial Statements (FS)
- Corporate Accounts
- Management Accounts
Lesson 2: Introduction to Balance Sheet (B/S)
- Asset (Fixed & Current)
- Liabilities (Fixed & Current)
Lesson 3: Introduction to Profit & Loss Statement (P/L)
- Other Income
Lesson 4: Relationship between B/S and P/L
Lesson 5: Difference between Trading FS and Manufacturing FS
Lesson 6: Fundamental Accounting Principles
- Matching Principles
- Recognition of Incomes and Expenses
- Accrual & Prepaid Concept
Lesson 7: How transaction flows within the FS
Lesson 8: Recording & relevance of common adjustments at year end
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 Cost-Volume-Profit (CVP) model Analysis
VTeach Pte Ltd is a Training Organisation providing high quality and interactive hands-on training delivered by an enviable team of qualified, expert and highly experienced trainers. VTeach has been established to address the training needs of both individuals and corporate companies. We believe good foundation is essential in today’s business world.
As a committed training provider, we strive to deliver effective training programmes for a lifelong learning experience to enhance your productivity.
Our Finance Trainers
Mr. Lawrence Poh is a full member of CPA Australia and the Institute of Singapore Chartered Accountants (ISCA). He is also a member approved by the Singapore Institute of Accredited Tax Professionals (SIATP). He holds a Master of Accountancy from Victoria University (Australia) and HonoursREAD MORE
degree in Banking & Finance from University of London. Lawrence has more than 16 years of experience in accounting, audit, tax, corporate finance, company secretarial and ERP system implementation & control. He had assumed auditing, finance and accounting positions (Group FM, FC, CFO) in Public Accounting Firm, Ministry and Process & Discrete Manufacturing Companies.
Mr. Manmohan Singh is an Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals. He has directed major client work incorporating GST advisory, due diligence, in-house training, health check, as well as successfully undertaking and completing appeals to the Comptroller of GST. Many clients have benefitted when they received GST refunds after obtaining favourable rulings from the Comptroller of GST.
Mr. Chai Yee Hoi is a fellow of the Association of Certified Chartered Accountants and a non-practising member of the Institute of Certified Public Accountants of Singapore. He is also a member of the Singapore Association of the Institute of Chartered Secretaries and Administrators. Mr Chai is heavily involved in complex GST related issues and project management of large scale GST assignments such as GST reviews, advisory and research work on the GST treatment of business transactions. This included restructuring of businesses, setting up branch office in Singapore and dealing with the IRAS on rulingsLESS
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