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

SkillsFuture Credit, SSG Funding

WD009 : WSQ Evaluate and Interpret Financial Reports

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

10 Aug 2021 (9:00 AM - 6:00 PM)
11 Aug 2021 (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

21 Oct 2021 (9:00 AM - 6:00 PM)
22 Oct 2021 (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

16 Dec 2021 (9:00 AM - 6:00 PM)
17 Dec 2021 (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

11 May 2021 (9:00 AM - 6:00 PM)
12 May 2021 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Chow Kok Poon

Date & Time

25 Feb 2021 (9:00 AM - 6:00 PM)
26 Feb 2021 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Chow Kok Poon

Date & Time

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

Registration is closed

Programme Facilitator(s)

Chow Kok Poon

Testimonial

Funding

1] SSG Training Grant
Funding Period: Until 04 Aug 2022
Course Ref No.: TGS-2018500942

Participants who successfully complete the course will receive aWSQ 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 step/s (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”. 

 

For course run start date before 1 Nov 2020, Enterprises/employers are to submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect to obtain training grant for course fees. 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.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.

Thereafter, employers will be notified to log into Enterprise Portal for Jobs & Skills (EPJS) to declare necessary information for Absentee Payroll funding.

 

 

SME Enhanced
·Singapore Citizen or Permanent Resident

Non-SME
·Singapore Citizen or Permanent Resident

Mid Career
·Singapore Citizen
-40 years old and above

Workfare Skills Support (WSS)
·Singapore Citizen
-35 years old and above
-Monthly income of not more than $2,300

SSG Training Grant

$504.00

$240.00

$504.00

N.A

Nett Fees Payable to ISCA (Inclusive of GST)

$95.20

$359.20

$95.20

N.A

Company can claim the following Absentee Payroll

Absentee Payroll

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

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

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

95% of basic hourly salary


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

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).


SkillsFuture Enterprise Credit (SFEC)
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
Please click 
HERE for more information.

 

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.

 

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

Baseline
·Singapore Citizen or Permanent Resident

SSG Training Grant

$504.00

$240.00

Nett Fees Payable to ISCA (Inclusive of GST)

$95.20

$359.20


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

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.

Workfare Skills Support (WSS) Scheme
From 1 July 2020, the Workfare Skills Support (WSS) Scheme will replace the Workfare Training Support (WTS) Scheme. WSS encourages low wage workers to undertake training that leads to more impactful employment outcomes. Please click HERE for more information.

 

2] SkillsFuture Credit (SFC)
Funding Period: Until 04 Aug 2022
Course Ref No.: TGS-2018500942

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (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: You will need to ensure that you have sufficient SkillsFuture Credits in your SkillsFuture Credit account in order to make a successful claim. Please check your SFC account balance here.
  • Step 2: Register for the course online via ISCA Portal.
  • Step 3: 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.
  • Step 4: At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 5:Upon receiving an email that the programme status is confirmed, 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 (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 holds an Advanced Certificate in Training and Assessment (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 holds an Advanced Certificate in Training and Assessment (ACTA) and is a strong believer in talent. He is passionate about helping learners in career progression and maintaining employability. 

 


Upcoming Schedule

Date & Time

10 Aug 2021 (9:00 AM - 6:00 PM)
11 Aug 2021 (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