CPD Programmes

Upsize Your Training Business Bootcamp – Financial Statement Basics

Programme Fees:

Singaporean/PR: S$0.00 w/GST

AEN Member

Singaporean/PR: S$96.30 | Others: S$321.00 w/GST

Non-AEN Member

James Tan (Mr)

Speaker

3 hours

Duration

 

Notice

 

Participants are required to bring your mobile device to access the Internet. 

 

What is this programme about?

 

How can activity-based costing, variance analysis and financial analysis help you as an adult educator, developer and training institute manager to make informed business decisions?

This complementary 3-hour preview course is part of our corporate finance training suite. It aims to introduce you to the concept of Activity-Based Costing (ABC) to help you price your training competitively. The session also seeks to present the concepts of variance analysis and financial analysis. The former is helpful for training developers and training institute managers in evaluating efficiency and effectiveness, while the latter introduces basic financial analysis to help training managers make informed business decisions.

The ultimate goal of corporate finance is to maximise shareholder value. It is intrinsically linked with other corporate functions, such as operation, marketing, human resource, purchasing etc. A business with sound corporate finance function is more likely to achieve the goal of enhancing shareholder value, which is the emergent property of the 4 following sub-functions.

  • Investment: The goal is to earn a return in excess of cost of capital. Return is determined not just by magnitude and timing, but also affected by effects such as cannibalization. Cost of capital is a function of investment risk and debt-equity mix. Capturing risk is therefore vital, as it impacts the financial viability of a business.
  • Financial Risk Management: The objective is to mitigate downside factors that could threaten shareholder value by hedging against unfavourable factors. To achieve that, a business should identify and categorise risks before hedging them. Practitioners have access to a plethora of tools, from the humble such as risk management plan to the exotic, such as financial derivatives.
  • Financing: The 2 primary aims are to get the right mix of equity and debt financing and how to get the right debt structure that fits the cashflow characteristic of your project. For the former, how do you derive the optimal debt-equity mix to minimize the cost of capital. Leverage has a magnifier effect on return (and losses). Hence, it is critical to get the right debt financing.
  • Dividend: The focus is to return cash to owners if there is limited profitable investment in the market. How would a manager estimate project profitability? If a business is listed on the stock exchange, which is the more efficient way to return cash to owners, dividend or stock buyback? Dividend is a delicate balancing act that has significant implication on shareholder value.

 

Shareholder value is the cumulation of future expected cashflows, which reflects future growth prospects. Making informed decisions based on financial statement data will help trainers, developers and managers achieve that. As a bonus, the knowledge learnt will also be very helpful in making better informed investment decisions.

 

 

What does it cover?

 

At the end of this session, you will be able to:

  • Describe the application of activity-based costing and variance analysis techniques for trainers, developers and managers of training institutes
  • Describe the 3 important elements of a financial statement, 8 common financial ratios and vertical common-size analysis

 

Who is it suitable for?

 

This programme is for adult educators, developers and managers who wish to make informed business decisions using financial planning and analysis (FP&A) techniques.

 

Fees & funding

AEN Member Singaporean/PR Non-AEN Member Singaporean/PR Non-AEN Member Others

Total programme fee

Complimentary

S$96.30

S$321.00

To register for AEN membership, please click here.

The 90% course fee discount for CPD programmes is only applicable to an AEN Member who is either a Singapore Citizen or Permanent Resident. Foreigners will not be entitled to this discount even if they are AEN members.

 

About the speaker

 

James Tan (Mr)

Principal Consultant and Facilitator | Sandbox-Chong Pte Ltd

James Tan is currently a CFA level 3 candidate and has 8 years of experience in credit analysis, project management and financial planning and analysis (FP&A), firstly in a government agency, then at a start-up.

He is currently the managing partner of Sandbox-Chong Private Limited, which provides solutions such as the valuation of private companies, credit analysis for companies seeking financing and a program which helps companies implement management accounting and FP&A architecture. He also provides corporate finance training for managers, entrepreneurs and FP&A practitioners alike. The firm is now involved in a self-funded fintech initiative, involving application of data analytics to augment traditional credit analysis using non-traditional metrices and foster a more data-driven valuation using quantitative factors.

James has won several innovation awards for successful applications of database and analysis techniques, and the Excellence in Public Service Award during his time as a civil servant. As a partner of a start-up, James is intimately involved and experienced with fundraising, project management and corporate finance planning and analysis (FP&A).