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IBF - Financial Analysis for Non-Finance Managers

Sessions 2 days
Duration 16 hrs
Level Beginner
Assessment 2 hrs

Venue

12 Woodlands Square #07-85/86/87 Woods Square Tower 1, Singapore 737715. 5 mins walk from Woodlands (NS9) MRT station.

The venue is disabled-friendly.

TSC Title: Financial Analysis-5
TSC Code: FSE-FIN-5024-1.1

Funding for this course is valid from 13 Sep 2022 to 12 Sep 2027. Register and complete the course within this period to qualify for funding support.

By the end of the course, learners will be able to

LO1: outline the process of financial statement analysis
LO2: review financial analysis conducted and determine state of organisations’ financial health
LO3: define indices for qualifying investment suitability based on financial health indicators

Download Course Brochure

Certificate of Achievement from Tertiary Infotech Academy Pte Ltd - Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Achievement from Tertiary Infotech Academy Pte Ltd.
OpenCerts from SkillsFuture Singapore - After passing the assessment(s) and achieving at least 75% attendance, participants will receive a OpenCert (aka Statement of Achievement) from SkillsFuture Singapore, certifying that they have achieved the Competency Standard(s) in the above Skills Framework.

This course address the following Technical Skills and Competences (TSCs) and proficiency level:

Investment and Financial Management Level 5 TSC under Financial Services Skills Framework

Participants are encouraged to access the IBF MySKills Portfolio https://www.ibf.org.sg/home/for-individuals/resource-tools/myskills-portfolio to track their training progress and skills acquisition against the Skills Framework for Financial Services. You can apply for IBF Certification after fulfilling the required number of Technical Skills and Technical Competencies (TSCs) for the selected job role.

Find out more about IBF certification and the application process at on https://www.ibf.org.sg/home/for-individuals/ibf-certification/why-be-ibf-certified.

IBF - Financial Analysis for Non-Finance Managers

Course Code: TGS-2022602569

WSQ
SFC
PSEA
UTAP
IBF
Absentee Payroll
MCES

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Unlock the secrets of financial management with our IBF-STS Financial Analysis for Non-Finance Managers course. Designed for professionals without a financial background, this course breaks down complex financial concepts into manageable insights. You will learn how to interpret financial statements, understand budgeting principles, and analyze cash flows, enabling you to make data-driven decisions. Acquire the skills to assess the financial health of projects and departments, and communicate effectively with financial teams, enhancing your overall managerial effectiveness.

Take your managerial role to the next level by mastering key financial metrics and ratio analysis, and gain an introduction to forecasting techniques. This course combines theoretical knowledge with practical case studies and real-world scenarios, preparing you to apply your skills immediately in a managerial context. Ideal for team leaders, department heads, and project managers, this course equips you with the financial tools you need to contribute to your organization's success and profitability.

Full Fee $800.00 Before GST

GST $72.00 9% of fee

Baseline Nett $472.00 SG/PR age 21+ · 50% funded

MCES / SME Nett $312.00 SG age 40+ · 70% funded

SkillsFuture Credit (SFC)

Eligible Singapore Citizens can use their SFC to offset course fee payable after funding but the $4,000 Additional SFC (Mid-Career Support) cannot be used.

Direct Application on SkillsFuture Portal

UTAP

Eligible NTUC members can apply for 50% of the unfunded fee from UTAP, capped up to $250/year and for members aged 40 and above, capped up to $500/year.

Submit UTAP Claim

PSEA

Eligible Singapore Citizens can use their PSEA funds to offset course fee payable after funding.

Check PSEA Eligibility

Scroll down to “Keyword Tags” to verify for PSEA eligibility.
If there is “PSEA” under keyword tags, the course is eligible for PSEA.

Once you are eligible for PSEA, please download and fill up the PSEA Withdrawal Form, then submit the completed form to us:

PSEA Withdrawal Form Submit PSEA Form

Please bring your own laptop for hands-on training. If you don't have laptop, we can provide spare laptop for training use.

We provide free consultation related to the subject matter after the course.
Please email your queries to enquiry@tertiaryinfotech.com and we will forward your queries to the subject matter experts.

You can register your interest without upfront payment. There is no penalty for withdrawal of the course before the class commences.
We reserve the right to cancel or re-schedule the course due to unforeseen circumstances. If the course is cancelled, we will refund 100% for any paid amount.
Note the venue of the training is subject to changes due to availability of the classroom.

Course Details

The different financial ratios

Profitability Analysis

Cash Flow Analysis

Projected financial and cash-flow statements

The process of financial statements analysis

Use financial analysis to determine the health of an organisation

Evaluate organisation’s historical financial performance

Investment suitability based on financial analysis

Analysis for the financial services industry

Benchmarking of financial performance against industry

Use Capital Budgeting to evaluate potential investment returns

Written Exam
Practical Exam

Course Info

Minimum Entry Requirement

Knowledge and Skills

Able to operate using computer functions
Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)

Attitude

Positive Learning Attitude
Enthusiastic Learner

Experience

Minimum of 1 year of working experience.

Target Age Group: 21-65 years old

Funding Eligibility Criteria

Self-sponsored learners (individuals)

Singapore Citizens and Singapore Permanent Residents aged 21 and above.
Up to 50% course fee funding. Singapore Citizens aged 40 and above receive up to 70% under the Mid-career Enhanced Subsidy (MCES).
Singapore Citizens aged 25 and above can pay the remaining fee with SkillsFuture Credit.

Company-sponsored learners

Singapore Citizens and Singapore Permanent Residents who are direct employees of the sponsoring company.
Up to 50% course fee funding, or up to 70% for employees of SMEs (Enhanced Training Support for SMEs) and for Singapore Citizens aged 40 and above. An SME has no more than 200 employees or an annual turnover of no more than $100 million.
Employers can also claim Absentee Payroll funding for employees who attend during working hours.

Conditions for all funded learners

Attendance is taken digitally with Singpass for every session, including the assessment.
You must complete the course and pass all assessments (assessed as Competent).
If these conditions are not met, the funding is clawed back and the learner or employer pays the full course fee.
9% GST is charged on the full course fee before funding.
Promo and discount codes cannot be used on funded courses.
Any balance after funding can be paid in cash, with SkillsFuture Credit, with PSEA (Singapore Citizens with a PSEA), or partly reimbursed by UTAP for NTUC members.

How to Apply SkillsFuture Credit Claim for Individuals

Singapore Citizens aged 25 and above can use their SkillsFuture Credit (base tier) to pay the course fee after funding. The $4,000 mid-career top-up cannot be used for this course.

Register for this course as self-sponsored and tell us you will use SkillsFuture Credit. Do not pay the amount you plan to claim.
We email you an invoice showing the course fee after funding.
From 60 days before the course starts, and no later than the course start date, log in to MySkillsFuture with Singpass and click Claim credits.
Click Submit a Claim and search for this course by its course code, TGS-2022602569.
Select your class start date, enter the course fee payable after funding and the amount of credit to claim, then upload the invoice (PDF, JPG or PNG, under 4MB).
Review, accept the terms and click Agree and Submit. The credit is paid directly to us; processing can take up to 14 working days.

Changing or withdrawing: cancel the claim on MySkillsFuture at least one day before the course starts. If your class date changes, cancel the claim and submit a new one with the new date.

How to Apply UTAP (NTUC Members)

NTUC members can claim 50% of the unfunded course fee under the Union Training Assistance Programme (UTAP), capped at $250 a year (aged below 40) or $500 a year (aged 40 and above). The cap is shared with UTAP claims for AI tool subscriptions.

Eligibility: you must be an NTUC member paying full membership fees, with your membership paid up before and during the course and when you claim. The course must not be fully paid for by your employer or another source.

Make sure your NTUC membership is paid up before the course starts.
Register for this course with us and pay the course fee after funding and SkillsFuture Credit.
Attend at least 75% of the course and sit all assessments.
Within 6 months after the course ends, go to the NTUC U Portal, open UTAP under E-services, log in with Singpass and choose Course Fee Claim.
Enter the nett course fee you paid (after all subsidies and SkillsFuture Credit, including GST), and upload your invoice or receipt and your certificate or result slip (PDF, JPG or PNG, up to 5MB each).
NTUC usually pays the claim within 4 weeks of submission.

How to Apply PSEA

Singapore Citizens with a Post-Secondary Education Account (PSEA), which stays open until around the year you turn 31, can use it to pay the course fee after funding for PSEA-approved courses. You can also use a sibling's PSEA after your own has been used up.

Check that this course shows the PSEA tag on its MySkillsFuture page.
Check your PSEA balance on MOE's Student Finance System with Singpass.
Download and complete the PSEA withdrawal form, then submit it to us.
We submit the withdrawal request to MOE. You (and your sibling, if you are using their account) authorise it in the Student Finance System. Nothing is withdrawn without this authorisation.
MOE pays us directly. If you have already paid, we refund the amount covered by PSEA.

More details: MOE PSEA overview.

Appeal Process

If you disagree with an assessment decision, you have the right to appeal.

When the assessor gives you feedback, say whether you agree with the outcome. If you agree, you and the assessor sign the Assessment Summary Record; if you disagree, do not sign it.
Discuss the decision with the assessor or the assessment manager first.
If you are still not satisfied, tell the assessor you intend to appeal. The assessor records this in the feedback section of the Assessment Summary Record and informs the assessment manager.
Lodge your appeal within 7 days, giving your reasons, using the Candidate Appeal Form. The assessor can help you write and lodge it.
An Assessment Appeal Panel reviews the information from you and the assessor and makes a decision. A record of the appeal and its outcome is kept.
You will be told the outcome within 2 weeks of lodging the appeal. The panel's decision is final.

Job Roles

SME Business Owner
Financial Analyst
Business Development Manager
Financial Consultant
SME Accountant
Finance Manager
SME Credit Analyst
Investment Banker focusing on SMEs
Venture Capitalist
SME Loan Officer
Business Strategy Consultant
Start-up Founder
Economic Development Specialist
Chief Financial Officer (CFO) for SMEs
Financial Planner specializing in SMEs

Trainers

Iris Wang is a finance and accounting professional with over 15 years of experience in financial management, analysis, and reporting across corporate and SME environments. She has a strong track record in guiding business owners and professionals to interpret financial data for strategic decision-making. With deep expertise in financial accounting, budgeting, and performance analysis, Iris has trained numerous participants in understanding key financial statements, cash flow management, and profitability assessment. Her practical approach bridges technical finance concepts with real-world business applications, enabling non-finance professionals to gain confidence in financial literacy and management.
In “IBF – Financial Analysis for Non-Finance Managers,” Iris focuses on empowering learners to interpret and analyze financial statements effectively for business planning and evaluation. Her sessions cover core topics such as ratio analysis, cost structures, working capital management, and financial forecasting, illustrated through practical case studies. Through her structured and interactive teaching style, she ensures participants gain the analytical skills to evaluate financial performance, make data-driven decisions, and contribute more strategically to their organization’s financial health.

Gary Chan is a Chartered Accountant (ACCA, ISCA) with over 25 years of senior leadership experience in corporate finance, regional expansion, and strategic management. Having served as Regional CFO of a multinational corporation, Director of Corporate Services for an SME, and Vice President for Asia Pacific in a Fortune 500 company, he brings a wealth of practical knowledge in financial planning, P&L management, and international business strategy. Currently the Principal Trainer and Consultant at Smart Skill Training & Consulting, Gary has delivered courses in financial literacy, corporate finance, and business management to organizations such as Singapore Polytechnic, Singapore Business Federation, and the Institute of Financial Literacy.
As an ACTA-certified trainer, Gary is passionate about equipping non-finance managers with the ability to interpret financial statements, evaluate investment opportunities, and apply financial analysis in decision-making. His training style is engaging and learner-focused, combining technical financial expertise with relatable case studies and industry insights. By bridging theory with practical applications, he empowers participants to understand financial data, improve business decisions, and contribute more effectively to their organizations’ success.

Bell Ang is a trainer and consultant with professional expertise in finance, auditing, and corporate governance. Having supported organizations in financial analysis, compliance, and reporting, she brings a practical and governance-focused perspective to financial training. For this program, Bell emphasizes interpreting financial statements through ratio analysis, guiding learners to uncover strengths, weaknesses, and risk factors in business performance. Her sessions highlight real-world applications, preparing participants to make informed financial decisions.

Soo Chee Kong is an experienced finance professional and trainer specializing in financial planning and analysis, management reporting, and internal control compliance. With a career spanning roles in JTC Corporation, Eu Yan Sang, and Sumitomo Electric, he has led budgeting processes exceeding $1.2B in revenue and $2B in capital expenditure. His expertise includes implementing SAP financial systems, developing financial models in Excel, and reviewing capital expenditure proposals with strong business acumen.
As a Chartered Accountant of Singapore and ACTA-certified trainer, Chee Kong has conducted financial training for LCCI and Accounting for Non-Financial Professionals. His practical teaching emphasizes applying financial concepts such as discounted cash flow, ROI, and IRR in real-world business scenarios. By blending technical skills with hands-on case studies, he enables non-finance managers to understand key financial principles and apply them in strategic and operational decision-making.