SFIC Institute is committed to helping employees upgrade capabilities and we are always keen to expand our training curriculum to better serve the industry. Sometimes this means we form partnerships with suitable external training providers and we are pleased to add the following short courses to our existing menu. SFIC members can tap on their SFICAsssist quantum to offset course fees:

  • WSQ Finance for Non-Finance Managers (with Singapore Polytechnic)
  • WSQ Conducting Performance Discussions Successfully (with Eon Consulting)

Enquiry:
Cheng Wan Ling | wanling@singaporefurniture.com
Christopher Soh | christopher@singaporefurniture.com

In partnership with Singapore Polytechnic:

WSQ Finance for Non-Finance Managers

In today’s economy, PMETs constantly encounter the need to understand, interpret and make sense of financial information in their daily work. Those not trained in Finance face difficulty to engage with their superiors to offer sound decisions and judgements of their operations or projects using financial analysis. There is a need for non-Finance PMETs to learn and acquire skills in the basics of Finance in their work.

Upcoming Course Dates: 21 – 22 May 2020 (1st run),  4 – 5 June 2020 (2nd run)
Total Training Hours: 14
Training Days: 2

Time: 9am – 5pm
Mode of Training: Synchronised teaching using MS Team
**Participants will be required to calculate the accounting ratios and prepare a cashflow statement.

Course Objective: To introduce basic financial concepts for learners to appreciate the usefulness of financial statements and the process of capital budgeting.

Course Learning Outcomes:
By the end of the course, learners will be able to:

  • Appreciate basic accounting principles
  • Explain the different types of financial reports;
  • Interpret key Financial information
  • Understand the limitation of financial reports
  • Construct cash budget and pro-forma statement
  • Apply time value of money concepts to evaluate different streams of cash flow
  • Appreciate the capital budgeting process
  • Apply common capital budgeting techniques to project evaluation

Suitable for

Mid level PMET with no finance training but may be working in roles that require finance knowledge and skills.


Minimum Entry Requirements / Assumed Skills and Knowledge

Learners must be able to handle spreadsheets and have strong numeracy skills.

Having at least 3 years of working experience will be useful to appreciate the concepts to be taught.


Award / Certification / Accreditation

• Certificate of Attendance (electronic Certificate will be issued)
A Certificate of Attendance will be awarded to participants who meet at least 75% attendance rate.

+ Click for course outline

Day 1

1.Introduction, Course outline, Expectations and Takeaways

  • Understanding the importance of financial statements.

2.Analysing & Tools for Preparing Financial Statements

  • Understanding  Double Entry Concepts
  • Recording Transactions- Journals, Cash Book, General Ledger
  • Understanding the differences of Income Statement  & Balance Sheet and their roles.

3. Assumptions –Sources of information

  • Understanding Relevant and achievable targets
  • KPIs, Assessments relevant to company /industry

4.Understanding Financial Statements

  • Accounting Terminology within Financial Statements
  • Contents of Income Statements, Balance Sheet & Cash Flow
  • Understanding Income, Balance Sheet (Assets, Liabilities & Equity)
  • Understanding Cash Flows (Operating, Investing & Financing)

5.Analysing & Interpreting Financial Statements

  • Understanding Vertical Analysis
  • Understanding Ratios (Performance, Liquidity & Leverage)

6.Limitations of Financial statements

  • Understanding the pitfalls of over relying on financial statements
  • Understanding the limitations of Ratios

Day 2

7.Planning & Budgeting

  • Understand the Financial Planning Process
  • Understand and apply Cash Planning concepts to prepare Cash Budget
  • Understand and apply Profit Planning concepts to prepare Pro-forma Statement

8.Capital Budgeting & Investment Analysis

  • Understand and apply time value of money concepts to evaluate different streams of cash flow
  • Describe the characteristics of capital expenditure
  • Describe the capital budgeting process
  • Understand and apply the following capital budgeting techniques:
    o Payback period
    o Net present value
    o Internal rate of return


Course Fees:

Singapore Citizens aged below 40 and Singapore PRs
Non-SME sponsored: $154.08 (incl. GST)
Sponsored by SME: $58.08 (incl. GST)

Singapore Citizens
Aged 40 and above: $58.08 (incl. GST)
*Aged 35 and above, and earn ≤ $2,000 per month: $34.08 (incl. GST)

Others
$513.60 (incl. GST)

Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.
*Under the Workfare Training Support (WTS) scheme. For more information on the scheme, click here.
Conditions Apply.

Register via Singapore Polytechnic Website (21 – 22 May 2020)


Register via Singapore Polytechnic Website (4 – 5 June 2020)

In partnership with EON Consulting & Training Pte Ltd:

WSQ Conducting Performance Discussions Successfully

Performance appraisal is an unavoidable supervisory activity as employees look forward to understand how their superior views their performance. Linking performance appraisal to rewards makes the session even more sensitive to handle.

Just how can the appraiser handle such a delicate situation with control and confidence? How can the appraiser deal with different employee styles? How can the appraiser give feedback based on well documented facts? What are the characteristics of a good interview that appraisers can emulate?

Upcoming Course Dates: 26 – 27 May 2020
Total Training Hours: 16
Training Days: 2

Time: 9am – 6pm
Mode of training: Zoom
Mode of Assessment: Case study & Written assessment

Course Objective: This course is designed to equip leaders and managers with a holistic perspective to managing staff performance, practical insights to manage staff performance confidently, as well as useful tools to help determine performance expectations and work targets, monitor staff progress in performance, provide conducive timely feedback, assess performance objectively and consistently, as well as facilitate effective coaching, check-in conversations, and appraisal discussions.

Course Learning Outcomes:
By the end of the course, learners will be able to:

  • Adopt a regular and continuous approach to manage staff performance successfully
  • Set performance and behavioural expectations for staff based on their job duties and organisational requirement
  • Monitor staff performance accurately in order to provide conducive and timely feedback
  • Assess staff performance in a consistent manner so as to maintain their credibility as an objective and fair leader
  • Engage different employee types in appraisal discussion and discuss performance issues with the correct focus
  • Improve on the effectiveness of how learning & development plans has been carried out within their teams

Suitable for

  • Aspiring Professionals, Managers and Executives (PMEs) who have yet to lead a team but are interested to be future-ready for the opportunity
  • All team and project leaders, supervisors, executives and managers who need to appraise their staff
  • Existing leaders and managers who have challenges in managing their staff performance or in engaging their staff for appraisal discussions

Methodology

The training programme will be delivered through a combination of e-learning, interactive short lectures, class exercises and discussions, case-studies, and guided reflection to achieve the desired learning outcome.


Award / Certification / Accreditation

Upon successfully demonstrating competence in all the knowledge and skills requirements, you will be awarded a Statement of Attainment (SOA) by SkillsFuture Singapore (SSG).

+ Click for course outline Key to Successful Performance Management

  • How to manage staff performance successfully
  • What are the key activities in performance management
  • What roles do appraisers and staff play in performance management

2. Understanding KPIs & Goal Setting

  • What types of goals to set for staff
  • How to determine work targets based on job duties
  • How to write SMART goals
  • How to guide your staff to achieve complex goals
  • How to interpret behavioural requirements consistently

3. Coaching & Timely Intervention

  • How to keep track of employee performance and progress effectively and accurately
  • How to provide feedback in a timely and conducive manner
  • How to deploy coaching effectively to guide staff in their performance

4. Reviewing Assessment Criteria

  • How to rate staff performance as objectively and consistently as possible

5. Preparing for Appraisal Interview

  • What is the objective and scope of discussion for appraisal interview
  • How to better structure the discussion agenda to get better receptivity from the staff
  • What are the common pitfalls to avoid in an appraisal interview

6. Process & Techniques to Manage Different Employees

  • What are the different employee types in appraisal discussion
  • How to manage the different employee types for a successful appraisal discussion

7. Establishing and Reviewing Learning & Development Plans

  • How to diagnose the underlying causes in performance gaps of my staff
  • How to establish an individual development plan for my staff


Course Fees:

Singapore Citizens aged below 40 and Singapore PRs
Non-SME sponsored: $122.40 (incl. GST)
Sponsored by SME: $122.40 (incl. GST)

Singapore Citizens
Aged 40 and above: $122.40 (incl. GST)
*Aged 35 and above, and earn ≤ $2,000 per month: $86.40 (incl. GST)

Others
$500.40 (incl. GST)

Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.
*Under the Workfare Training Support (WTS) scheme.
For more information on the scheme, click here.

Conditions Apply.

To sign up: Download application form below, complete form and email application to ivy@eontraining.com.sg.

Download Application Form