Senior executives and managers rely on financial information to make business decisions, with the ultimate aim of improving business performance. Unfortunately, financial reports are often misunderstood and misinterpreted which causes costly mistakes to the organization. This course will explain the accounting basis on which financial statements are prepared and show how the information can be used as a tool for business decision-making.

Through this workshop, participants will come to understand common financial terms and the underlying fundamentals behind the preparation of financial statement. Participants will also realize the impact their actions and decisions have on the financial & business performance of the organisation.

Objective

Upon completion of the workshop, participants would be able to:

• Reduce the risk of making wrong financial decisions
• Understand and acquire practical knowledge on reading and interpret financial information correctly for sound decision-making on behalf of the organization
• Understand the impact of your decisions and actions on the "bottom-line performance of your organization
• Understand the common yardsticks used in performance evaluation
• Remove any "fear" over finance and the accompanying jargon
• Understand why knowledge in Finance Managements is essential to climbing up the organizational chart

Outline

Who should attend

The course is suitable for senior executives and managers from any functional area including sales and marketing, business development, operations, human resource and administration who wish to understand and interpret financial statements for decision making on behalf of the organization. Participants may be in product, project, manufacturing or service businesses, as well as not-for- profit organisations.

Gary Chan's Profile

Chartered Certified Accountant, (ACCA, UK)
MBA in International Business (Henley Business School / University of Reading, UK)
MSc in Strategic Marketing (National University of Ireland)
Certified Trainer & Assessor (WDA-ACTA, Singapore)
Certified Advisors ( Xero and QuickBooks Accounting System )

Gary Chan has held various senior management roles in both local and international organizations including that of Regional Director and CFO for a large MNC, Director of Corporate Services for an SME, and Vice President for the Asia Pacific for a Fortune 500 company. These have enabled him to accumulate more than thirty years of extensive corporate finance and business leadership experience in his current role as a much sought-after corporate trainer and consultant; particularly in accounting, finance, business management, and development as well as strategic planning and implementation.

Gary is a Chartered Accountant (ACCA, UK) and started his career as an external auditor with Price Waterhouse Coopers. He possesses an MBA in Business Administration from Henley University in the UK, majoring in International Business. In addition, Gary holds a Master of Science from the National University of Ireland, majoring in Strategic Marketing. Gary is a registered Chartered Accountant member with the Institute of Singapore Chartered Accountants (ISCA).

Gary is passionate about helping people change and re-learn the way they lead, manage, think, create, and collaborate with the aim of supporting his learners in their journey to attain personal and organizational success.

Gary utilizes his creativity and real-world examples in conducting his training. He is passionately fond of training and always willing to share with others all that he knows. His outgoing pleasant personality and confident disposition coupled with his lively, light-hearted, thoughtful, engaging, liberally sprinkled with humour and always relevant to his learners’ needs have made his training more lively, fun and insightful.

Gary represents several departments of government and non-profit organizations in providing volunteer works and training to the public. Gary has been featured in the media locally and regionally. Gary is the founder of a local Skill Training & Consulting which provides training and advisory on Accounting, Tax, Financial Management, Financial Planning, Regional Business Development/Expansion, and Strategic Planning and Implementation.