Finance for Non-financial Managers

Funding Validity Period

23 September 2025

24 September 2027

Course Overview

Financial literacy is a key skill for properly managing any business, boost business resilience and handle new challenges.

This course is designed to equip learners with the skills and knowledge necessary to understand financial data as part of their job roles. Learners will be able to analyse budgets and cash flows and interpret statement of financial positions, income statements, and performance ratios and to use financial data to evaluate operational performance, investment decisions and to make informed decisions regarding their businesses.

Skills Acquired

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

Identify fundamental financial terminology and concepts
Identify key components of financial statements
Calculate and interpret ratios and key indicators
Perform analysis of financial information

Learning Modules

Learning Unit 1: Introduction to Business Finance

Role of finance in the organisation
Financial decision-making cycle
Key financial terminology

Learning Unit 2: Understanding Financial Statements

Components of Profit & Loss (Income) Statement
Components of Statement of Financial Position
Components of Cash Flow Statement
Relationships between the three
Types of budgets (operational, capital, cash)

Learning Unit 3: Financial Ratio Analysis

Liquidity, solvency, profitability, efficiency ratios
Trend and benchmark analysis
Break-even analysis
Contribution margin
Time value of money, Net Present Value (NPV), Internal Rate of Return (IRR)

Learning Unit 4: Applying Financial Insights to Business Strategy

Interpret financial ratios
Linking finance to strategic planning
Develop Key Performance Indicators (KPIs) and dashboard metrics

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Who is this course is for

PMET professionals (Professionals, Managers, Executives, Technicians) without a financial background, mid-career individuals who must analyse budgets and cash flows and interpret Statement of Financial Positions, income statements, and performance ratios and SME owners and business leaders.

Academic prerequisites

Learners must be able to read, write, speak and listen English at Secondary level.
Learners should have at least 1 year’s working experience in any industry.
Leaners must have basic IT skills such as using a computer and a spreadsheet application.

Course Fees

Company Sponsored

Fees	Small Medium Enterprises (SMEs)	Non Small Medium Enterprises	Singaporean Employees aged 40 years and above
Full Fee	$800.00	$800.00	$800.00
9% GST (on full course fee)	$72.00	$72.00	$72.00
Funding Amount	$560.00 (70% off course fee)	$400.00 (50% off course fee)	$560.00 (70% off course fee)
Nett Fee Payable (incl. GST)	$312.00	$472.00	$312.00

SME: Company registered or incorporated in Singapore AND employment size of not more than 200 or with annual sales turnover of not more than $100 million
Non-SME (MCES): Employee is Singaporean aged 40 years and above

Course Fee Funding:
SME: 70% of course fee
Non-SME: 50% of course fee
Non-SME(MCES): 70% of course fee

Eligible for Absentee Payroll Funding

$4.50 per training hour capped at $100,000 per enterprise per calendar year

Eligible for SkillsFuture Enterprise Credit (SFEC)

Self Sponsored

Fees	Singapore Citizens (40 years and above)	Singapore Citizens (21 to 39 years old) & Permanent Residents (21 years old and above)
Full Fee	$800.00	$800.00
9% GST (on full course fee)	$72.00	$72.00
Funding Amount	$560.00 (70% off course fee)	$400.00 (50% off course fee)
Nett Fee Payable (incl. GST)	$312.00	$472.00

MCES: Singaporean aged 40 years and above
Normal: Singaporean / PR aged 21 years and above

Course Fee Funding:
MCES: 70% of course fee
Normal: 50% of course fee

Eligible for SkillsFuture Credit
Eligible for PSEA Funds
Eligible for UTAP funding