Course Detail(WD009 : WSQ Evaluate and Interpret Financial Reports)

SkillsFuture Credit, SSG Funding

WD009 : WSQ Evaluate and Interpret Financial Reports NEW

16.00 CPE Hours (Others)
Classroom


Important:
As this is a WSQ-accredited programme, ISCA is required to upload participant’s assessment results to SkillsFuture Singapore (SSG) for the generation of electronic Statement of Attainment (SOA). ISCA will collect personal information from all participants to generate the relevant SOA.

  • For more information, please refer to SSG website HERE.

Programme Objective
Participants will learn to evaluate financial results to assess an organization’s performance, develop strategic recommendations for management decision making and present recommendations and implications to relevant stakeholders.

 

Programme Outline

The following topics will be covered in the 2-day course:

1. Evaluate financial results to enable relevant stakeholders to understand the financial performance of organisation.
  • Considerations in evaluating organisation’s past financial performance and explaining how organisational strategies are reflected in past financial performance
  • Applications of financial ratio analysis
  • Considerations in evaluating investment returns
  • Organisational policies and procedures used in evaluating expenditures and investments

 

2. Develop recommendations for relevant stakeholders with regards to strategic decision making.
  • Initiate Process to develop basic projection of organisation’s future net income and cash flow
  • Assess Projection and trends of cash flow and profitability patterns to identify current present financial position and expected returns from investments and planned operations
  • Identify Types of financing options and range of possible assets and liabilities to optimise the capital mix required to support operations and trading needs
  • Considerations in analysing debt to equity targets in terms of within organisation’s expected performance and establishment of targets in line with while conforming to organisational objectives using standard accounting techniques
  • Identify and assess data for use in justifying forecasts

 

3. Present recommendations and implications to relevant stakeholders for review in relation to organisational strategies.
  • Strengths and weaknesses in organisational performance relative to relevant leading practices.

 
Assessment
Written assessments (open book) on both days.
(For those applying for WDA training grant, it's compulsory to complete and pass all assessments)
 
Training Methodology
Interactive competency-based training, with a combination of instructional methods of lectures, discussions and assessments.
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

Finance and non finance executives and managers who are interested in interpreting and evaluating financial reports and subsequently develop recommendations for stakeholders

Competency Mapping

Others = 16.00 Hours

Schedule & Fees

Date & Time

20 Feb 2020 (9:00 AM - 6:00 PM)
21 Feb 2020 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 599.20
For Non-Members: $ 599.20

Programme Facilitator(s)

Chow Kok Poon

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

14 May 2020 (9:00 AM - 6:00 PM)
15 May 2020 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 599.20
For Non-Members: $ 599.20

Programme Facilitator(s)

Chow Kok Poon

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

20 Aug 2020 (9:00 AM - 6:00 PM)
21 Aug 2020 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 599.20
For Non-Members: $ 599.20

Programme Facilitator(s)

Chow Kok Poon

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

22 Oct 2020 (9:00 AM - 6:00 PM)
23 Oct 2020 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 599.20
For Non-Members: $ 599.20

Programme Facilitator(s)

Chow Kok Poon

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

17 Dec 2020 (9:00 AM - 6:00 PM)
18 Dec 2020 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 599.20
For Non-Members: $ 599.20

Programme Facilitator(s)

Chow Kok Poon

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

19 Dec 2019 (9:00 AM - 6:00 PM)
20 Dec 2019 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Chow Kok Poon

Date & Time

17 Oct 2019 (9:00 AM - 6:00 PM)
18 Oct 2019 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Chow Kok Poon

Date & Time

19 Aug 2019 (9:00 AM - 6:00 PM)
20 Aug 2019 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Chow Kok Poon

Testimonial

Funding

1] SSG Training Grant
Funding Period: Until 22 May 2020
Course Ref No.: CRS-Q-0032330-BM

Participants who successfully complete the course will receive a WSQ Statement of Attainment (SOA) in Evaluate and Interpret Financial Reports
 

1a] Company-sponsored Employees
If you wish to enrol participants with SSG Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1:Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SSG Funding?”, click Yes and input all required information. At the Cart page, please ensure that SSG funding is applied before clicking “Checkout”. 
  • Step 2:After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees and Absentee payroll funding . You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

 

WTS
·Singapore Citizen
·35 years old and above
·Monthly salary not more than $2000

Mid-Career
·Singapore Citizen
·40 years old and above

SME Enhanced
·Singapore Citizen or Permanent Resident

Non-SME
·Singapore Citizen or Permanent Resident

SSG Training Grant

$532.00

$504.00

$504.00

$240.00

Nett Fees Payable to ISCA (Inclusive of GST)

$67.20

$95.20

$95.20

$359.20

Company can claim the following Absentee Payroll

Absentee Payroll

95% of basic hourly salary

80% of basic hourly salary, capped @ $4.50/hour

80% of basic hourly salary, capped @ $7.50/hour

80% of basic hourly salary, capped @ $4.50/hour

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).


1b] Self-sponsored Individuals
If you wish to enrol with SSG Funding, please proceed with the following step:

  • Step 1:Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SSG Funding?”, click Yes and input all required information. At the Cart page, please ensure that SSG funding is applied before clicking “Checkout”.

ISCA will apply for Training Grant from SSG in respect of self-sponsored trainees.

 

 

WTS
·Singapore Citizen
·35 years old and above
·Monthly salary not more than $2000

Mid-Career
·Singapore Citizen
·40 years old and above

Baseline
·Singapore Citizen or Permanent Resident

SSG Training Grant

$532.00

$504.00

$240.00

Nett Fees Payable to ISCA (Inclusive of GST)

$67.20

$95.20

$359.20

Eligibility Criteria

  • Applicant must either be a Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must be at least 21 years old and;
  • Applicant must achieve at least 75% attendance, and pass all assessments and;
  • Applicant is taking the course for the first time.

Self-sponsored individuals under the WTS Scheme only may apply for Training Allowance. Individuals are only required to make one trip down to any of their preferred WSG's Careers Connect or NTUC's e2i centres within 120 days after the course end date, to apply and submit the claim application. For more information, please click here.

 

2] SkillsFuture Credit (SFC)

Funding Period: Until 22 May 2020
Course Ref No.: CRS-Q-0032330-BM

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Programme Facilitator(s)


Chow Kok Poon
CA (Singapore)


Kok Poon is a member of the Institute of Singapore Chartered Accountants (ISCA). He has more than 20 years of working experience in financial management, general management, business consultancy and training. He has worked in a wide range of industries including industrial automation, retailing/trading (both industrial and FMCG), oil & gas, in businesses ranging from start-ups to MNCs. Some of his achievements include streamlining & coordinating merger & integration, restructuring of businesses and the set up of new business ventures.

Kok Poon has an Advance Certificate in Training and Assess (ACTA) and is a strong believer in talent. He is passionate about helping learners in career progression and maintaining employability. 

 


Important:
As this is a WSQ-accredited programme, ISCA is required to upload participant’s assessment results to SkillsFuture Singapore (SSG) for the generation of electronic Statement of Attainment (SOA). ISCA will collect personal information from all participants to generate the relevant SOA.

  • For more information, please refer to SSG website HERE.

Programme Objective
Participants will learn to evaluate financial results to assess an organization’s performance, develop strategic recommendations for management decision making and present recommendations and implications to relevant stakeholders.

 

Programme Outline

The following topics will be covered in the 2-day course:

1. Evaluate financial results to enable relevant stakeholders to understand the financial performance of organisation.
  • Considerations in evaluating organisation’s past financial performance and explaining how organisational strategies are reflected in past financial performance
  • Applications of financial ratio analysis
  • Considerations in evaluating investment returns
  • Organisational policies and procedures used in evaluating expenditures and investments

 

2. Develop recommendations for relevant stakeholders with regards to strategic decision making.
  • Initiate Process to develop basic projection of organisation’s future net income and cash flow
  • Assess Projection and trends of cash flow and profitability patterns to identify current present financial position and expected returns from investments and planned operations
  • Identify Types of financing options and range of possible assets and liabilities to optimise the capital mix required to support operations and trading needs
  • Considerations in analysing debt to equity targets in terms of within organisation’s expected performance and establishment of targets in line with while conforming to organisational objectives using standard accounting techniques
  • Identify and assess data for use in justifying forecasts

 

3. Present recommendations and implications to relevant stakeholders for review in relation to organisational strategies.
  • Strengths and weaknesses in organisational performance relative to relevant leading practices.

 
Assessment
Written assessments (open book) on both days.
(For those applying for WDA training grant, it's compulsory to complete and pass all assessments)
 
Training Methodology
Interactive competency-based training, with a combination of instructional methods of lectures, discussions and assessments.
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

Finance and non finance executives and managers who are interested in interpreting and evaluating financial reports and subsequently develop recommendations for stakeholders

Competency Mapping

Others = 16.00 Hours

Programme Facilitator(s)

Chow Kok Poon
CA (Singapore)


Kok Poon is a member of the Institute of Singapore Chartered Accountants (ISCA). He has more than 20 years of working experience in financial management, general management, business consultancy and training. He has worked in a wide range of industries including industrial automation, retailing/trading (both industrial and FMCG), oil & gas, in businesses ranging from start-ups to MNCs. Some of his achievements include streamlining & coordinating merger & integration, restructuring of businesses and the set up of new business ventures.

Kok Poon has an Advance Certificate in Training and Assess (ACTA) and is a strong believer in talent. He is passionate about helping learners in career progression and maintaining employability. 

 

Upcoming Schedule

Date & Time

20 Feb 2020 (9:00 AM - 6:00 PM)
21 Feb 2020 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 599.20
For Non-Members: $ 599.20

Programme Facilitator(s)

Chow Kok Poon

Venue

60 Cecil Street
ISCA House
Singapore 049709