Finance for Non-Finance Professionals (FNFP)

By the end of the three-day workshop, you will be able to:

• Read and interpret the three core financial statements - balance sheet, profit and loss, and cash flow statement - in line with Singapore Financial Reporting Standards (SFRS)
• Appreciate the key underlying accounting concepts used in the preparation of financial statements
• Understand the typical persona of a finance person
• Know how to interpret financial statements and analyse businesses using the seven-step approach
• Understand the cash operating cycle and how working capital decisions affect liquidity
• Understand what sustainability is and why sustainability reporting and practising sustainability is important
• Build and interpret budgets, costings, and forecasts for better day-to-day decision-making
• Assess the financial implications of foreign exchange and taxation on the business
• Use investment appraisal tools (such as NPV and payback) to evaluate capital expenditure decisions
• Understand briefly the concepts of shareholder value, gearing and weighted average cost of capital
• Spot early warning signals in the cash flow statement, income statement and the balance sheet
• Experience a highly interactive board game (ProfitPlus™) which allows participants to experience how transactions affect the balance sheet and profit and loss account over two trading years, and prepare the year-end financial statements.

• SME business owners, founders, directors and managers who want to read their numbers with confidence
• Business leaders and senior managers making budget, pricing, or investment decisions
• Department heads (operations, sales, HR, marketing) whose decisions affect profit and loss
• Non-finance professionals stepping into roles with financial accountability
• Anyone who wants to have better financial conversations