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Finance for Non-Financial Professionals

This comprehensive one-day course (which can be split into two half-day sessions) is designed for operational and functional executives and above who have some basic knowledge of accounting and finance. It is aimed at those who need a deeper understanding of finance to perform their roles more effectively and to better collaborate with Finance department staff.

The course provides an overview of finance, focusing on the essential areas needed to understand financial statements and their role in decision-making. Key topics include the framework of accounting (assumptions, principles, and concepts) as well as fundamental concepts such as riskreward, financial analysis, and investment appraisal. Since cash flow is central to finance, the course also covers how to read cash flow statements and techniques for cash flow management.

Objective

At the end of the course, you will be able to:

1. articulate the scope of finance

2. read finance statements and understand the interrelationships

3. apply financial ratios to analyse financial statements

4. analyse cashflow statement and its implications to the business

5. articulate investment appraisal concepts and their applications

Outline

1. The scope of finance and what a non-finance manager needs to know about finance

2. The framework of accounting (assumptions, principles and concepts)

3. Financial statements - Statement of financial position (Balance Sheet), Profit & Loss statement, and Cashflow statement - How to read them and understand their inter-relationships.

4. Cashflow statement analysis - step by step approach

5. Cashflow management techniques

6. Budgeting and forecasting - understand the processes and the monitoring of variances

7. Financial statement analysis - ratio analysis and interpretation

Who should attend

This course is designed for managers, senior executives, newly-promoted managers, operations managers, functional managers and executives who need to understand finance in the course of their
work and in interfacing with finance staff.

Methodology

- Use live virtual sessions to present key concepts.
- Incorporate Q&A sessions to enhance understanding.
- Case Studies and Real-World Examples
- Analyze real-world cases relevant to the industry of the participants.
- illustrations and examples from the trainer’s and participants’ experiences will be shared.
- Workshops and Practical Exercises

Profile of Michael Matthew Lee

Michael Matthew Lee is a trained teacher, lecturer, C-suite coach, and facilitator, and is himself a life-long learner. Being trained, he is skilful in explaining difficult concepts in a simple and understandable manner. With his more than 40 years of corporate working experience, which include serving as Group CFO of 3 large Main Board public-listed groups, and as CXO (MD/CEO/COO) of various companies across industries, he specialises in Finance and Strategic Marketing, and is exposed to senior executive management practices, issues, and challenges.

He authored the book “The Essence of Corporate Cashflow Sustainability” launched in June 2022 and has written 15 accounting & finance articles. His 2nd book “Corporate Growth & Cashflow Sustainability” was launched on 6th Jan 2024.

Michael Matthew Lee’s credentials are:
Chartered Accountant (ISCA)
Chartered Marketer (CIM(UK))
Associate CVA
MBA (Finance, NUS Business School)
MBA (Strategic Marketing, University of Hull)
BAcc (NUS); DipM (UK); PDipM (APAC); ACTA; PMC. CertEd
ASEAN CPA; FCA(Singapore); FCPA(Aust); FCCA(UK); FCIM(UK); MSID.