Understanding Financial Statements
Course Information
1 Day Course
Fee: $600 (before GST)
**Starting 1 January 2026, the course fee will be updated to $680 per participant (excluding GST)
Course Dates:
- 16 Jan 2026
- 13 Feb 2026
- 13 Mar 2026
- 10 Apr 2026
Time: 9.15am – 5pm
Contact: [email protected]
Venue: Hotel (near MRT)
Note:
- Tea breaks and buffet lunch will be served. Car park coupons are available upon request.
- For 3 pax and above, 10% discount across the board
Refer A Friend
Get a $15 NTUC voucher for every successful referral! T&Cs apply & while stocks last!
- Rewards are issued only after their referral has completed the course.
- Referred individuals must not have attended our courses in the last 12 months.
- Referrals from the same company or organization as the referrer are not valid.
Course Introduction
This course is designed to discuss the main features of the financial statements prepared by a business enterprise. The course is divided into 2 sessions. In the first session, participants will understand the meaning and fundamental structure of the financial statements, and the inter-relationship of the items in the statements. Thereafter, participants will learn to apply key management ratios to evaluate the strengths and weaknesses of the business operations.
Course Outlines
- Topic 1. What you want to know about the financial statements?
Nature and role of accounting; Desirable qualities of a financial report;; Accounting as an information system; Financial and management accounting compared; Fundamental accounting assumptions; Accounting policies; Objectives of financial statements. User groups and their areas of interest.
- Topic 2. Three basic financial statements
Balance sheet – source and use of funds approach; vertical format presentation; current assets; fixed assets; liabilities; shareholders funds; capital employed; net worth; working capital; long and short balance sheet analysis. Profit and loss account – timing adjustments; distribution or appropriation of profits; and cash flow statement. Cash Flow Statement – operating cash cycle; relationship between depreciation and cash flow; non-operating cash outflows and inflows.
- Topic 3. Interpretation of Auditors’ Reports
Objectives and scope of audit; Reasonable assurance; True and Fair View; Auditors opinion – unqualified, emphasis of matters, qualified, disclaimer, adverse opinion.
- Topic 4. Analyzing Performance of An Enterprise
Liquidity Ratios | Importance of liquidity; application, case study and interpretation techniques. |
|---|
Profitability Ratios | Importance of profitability; meaning of return on investment; drivers of margin on sales; drivers of sales to total assets; operating profit model; application, case study and interpretation techniques. |
|---|
Solvency Ratios | Importance of solvency; application, case study and interpretation techniques. |
|---|
Asset Management Ratios | Importance of asset management; application, case study and interpretation techniques. |
|---|
Stock Market Ratios | Application, case study and interpretation techniques. |
|---|
*Note: Participants are required to bring calculators.