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CASL - Financial Analysis for Small and Medium Enterprises

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
TSC Code: ACC-MAC-5004-1.1

Funding for this course is valid from 9 Aug 2026 to 8 Aug 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: Understand the financial statements such as balance sheet, income, and cash flow statements.
LO2: Evaluate organization’s financial performance from the trend of financial ratios.
LO3: Analyze financial statements and prepare the organization’s position.

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.

CASL - Financial Analysis for Small and Medium Enterprises

Course Code: TGS-2026064860

CASL
SFC
PSEA
UTAP
SFEC
Absentee Payroll
MCES

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Strengthen your financial acumen with our CASL Financial Analysis for Small and Medium Enterprises course. Specifically tailored for SMEs, this course delves into the nuances of financial planning, interpreting financial statements, and cash flow management. You will acquire the tools to perform ratio analysis, budgeting, and forecasting, equipping you to make informed decisions that contribute to business growth. By the end of this course, you will be proficient in identifying financial risks and opportunities, enabling a more sustainable and profitable business operation.

Take control of your business's financial health by mastering the principles of financial analysis. This course covers essential topics like income statements, balance sheets, and cash flow statements, as well as advanced techniques like sensitivity analysis and valuation. Ideal for business owners, managers, and financial analysts in SMEs, this training provides you with the comprehensive skill set to evaluate financial performance, optimize resources, and strategize for future growth.

Full Fee $700.00 Before GST

GST $63.00 9% of fee

Baseline Nett $413.00 SG/PR age 21+ · 50% funded

MCES / SME Nett $273.00 SG age 40+ · 70% funded

SkillsFuture Enterprise Credit (SFEC)

Eligible companies can use their $10,000 SFEC to cover up to 90% of out-of-pocket course fees for classes ending on or before 30 Nov 2026. A redesigned SFEC starts on 1 Dec 2026.

View on SkillsFuture for Business

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

Topic 1: Understanding Financial Statements

Overview of Finance and Chart of Accounts

Balance Sheet Statement

Profit and Loss (P&L) Statement

Cash Flow Statement

Topic 2: Analysing Financial Ratios

Ratios for Corporate Profitability

Ratios for Corporate Performance

Equity Changes Statement

Topic 3: Planning & Budgeting using Financial Statements

Analyse Financial Statements

Financial Planning

Capital Budgeting

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.

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.
Eligible companies can offset their out-of-pocket fees with SkillsFuture Enterprise Credit (SFEC).

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-2026064860.
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 SkillsFuture Enterprise Credit (SFEC)

SFEC helps companies pay for employee training. The current SFEC ends on 30 November 2026, and a redesigned SFEC starts on 1 December 2026.

Current SFEC: classes ending on or before 30 November 2026

Eligible companies received a one-off $10,000 credit, notified by letter to their Corppass administrator. Eligibility generally required at least 3 Singapore Citizen or PR employees and Skills Development Levy contributions.
SFEC covers up to 90% of the company's out-of-pocket course fee after other subsidies.

Check your company's SFEC eligibility and balance on EnterpriseSG.
Register your Singapore Citizen or PR employee for a class that ends by 30 November 2026, as company-sponsored, and pay the course fee after funding.
Your employee attends and completes the course. We submit the attendance and assessment results to SWDA.
No separate claim is needed. SFEC is calculated automatically once the course fee grant is approved and is paid quarterly to your company's IRAS GIRO or PayNow Corporate account.

Any unused balance of the current SFEC expires on 30 November 2026.

Redesigned SFEC from 1 December 2026

Companies with at least 3 resident employees receive a fresh $10,000 in an online SFEC wallet that offsets out-of-pocket fees upfront at enrolment, instead of reimbursing them afterwards. SWDA has not yet published the support rates and claim steps; see OurWorkforce or our SFEC guide.

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

Malcolm Soo is an ACTA-certified trainer and experienced finance professional with deep expertise in financial planning and analysis, financial reporting, and internal control compliance. He has conducted training in LCCI levels 1 & 2, Accounting for Non-Financial Professionals, and specialized financial topics such as discounted cash flow and SAP budgeting systems. With more than 20 years of finance leadership across government-linked and private organizations, he brings practical, hands-on knowledge of budgeting, financial modeling, and reporting.
In his SME-focused financial analysis training, Malcolm emphasizes using Excel for interactive modeling, cash flow projections, and investment feasibility studies. He trains learners to apply techniques such as NPV, IRR, and ROI to real SME case studies, ensuring participants can evaluate financial performance and support strategic decision-making effectively.

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.

Gary Chan is an ACTA-certified trainer, Chartered Accountant, and senior finance executive with more than 25 years of experience in corporate finance and business leadership. He has served as Regional CFO for an MNC, Director of Corporate Services for an SME, and Vice President for a Fortune 500 company. Gary has delivered financial literacy and business management training with organizations such as Singapore Polytechnic (Institute for Financial Literacy), LSBF, and the Singapore Business Federation.
In his SME-focused training, Gary emphasizes bridging financial theory with real-world application. He teaches learners how to conduct ratio analysis, evaluate financial health, and use financial data to support strategic business decisions. With his extensive leadership background, Gary contextualizes financial analysis within SME challenges, equipping participants to apply practical tools that enhance profitability, cash flow, and sustainable growth.

Iris Wang is a finance and accounting professional with over 15 years of experience in financial reporting, business analysis, and corporate accounting across diverse industries. She has worked extensively with small and medium enterprises (SMEs), helping them strengthen their financial management, optimize cash flow, and improve decision-making through data-driven insights. As an experienced trainer and consultant, Iris specializes in translating complex financial concepts into practical, actionable strategies for business owners and professionals who may not have a finance background.
In “Financial Analysis for Small and Medium Enterprises,” Iris focuses on empowering participants to interpret financial statements, assess business performance, and make informed strategic decisions. Her sessions emphasize practical financial tools—such as ratio analysis, cash flow forecasting, and budgeting—tailored for SMEs. By blending technical expertise with hands-on exercises, she helps learners build the confidence to evaluate financial health, identify growth opportunities, and manage resources effectively for long-term business success.

Teddy Yip is a seasoned business consultant and corporate trainer with more than two decades of experience in project management, financial planning, and organizational development. He has worked with both multinational corporations and SMEs to improve operational efficiency and financial sustainability. Drawing on his extensive experience in strategic planning and leadership training, Teddy brings a holistic perspective that links financial literacy to business growth and performance optimization.
In “Financial Analysis for Small and Medium Enterprises,” Teddy equips participants with the analytical skills and frameworks needed to understand financial data and translate it into strategic business actions. His sessions cover financial statement interpretation, performance metrics, and profitability analysis, all contextualized for the SME landscape. With his practical teaching approach and strong business acumen, he enables learners to make data-driven financial decisions that enhance competitiveness and drive sustainable growth.

Review

Customer Reviews (62)

Average Rating: 5.0/5 Review by Course Participant/Trainee

1. Do you find the course meet your expectation?
2. Do you find the trainer knowledgeable in this subject?
3. How do you find the training environment

I found the course highly relevant and practical, especially for me who are not from a finance background but need to make business decisions using financial data. The course successfully simplified key financial concepts and connected them to real-world business scenarios. (Posted on 9/9/2026)

Average Rating: 5.0/5 Review by Course Participant/Trainee