Understanding & Preparing Financial Statements


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Training Videos

Participants will be able to learn how to:

  • Understand the overall financial knowledge in relation to business performance improvement
  • Equip the key knowledge of balance sheet, income statement, cash flow statement and working capital cycle for assessing the business health
  • Alert the importance of cash flow for continue running the business activities
  • Understand the criticality of budgeting based on strategies and business growth
  • Understand and practice the financial ratios analysis for critical business strategies and decisions
  • Appreciate the importance of managing budget and working capital for business continuity
  • Evaluate the economic value and profitability for business expansion
  • Business owner
  • Managers / Management Team
  • Executives of each functions
  • Those who wish to gain financial knowledge for managing business


  • The perception on finance by non-finance people
  • The importance of finance
  • Finance basic term
  • Difference between Financial and Management account


  • Answers that could be found in Balance Sheet
  • Balance Sheer format
  • Categories and types of Assets
  • The depreciation impact
  • Categories and types of Liabilities
  • Different types of Equity
  • Balance Sheet analysis


  • Income Statement format
  • Accrual concept
  • Revenue
  • Cost of goods sold
  • General and Admin
  • Depreciation


  • The definition of Cash Flow
  • Operating activities
  • Investing activities
  • Financing activities
  • Free cash flow calculation


  • Budgeting cycle
  • Business strategies
  • Key processes in budgeting
  • Standard costing
  • Activity Base costing
  • Advantages and disadvantage of ABC


  • What is working capital
  • The importance of working capital
  • Working capital cycle measurement
  • Receivables (or debtors) days
  • Inventory and WIP days
  • Cash cycle


  • The usage of financial ratios
  • Parties interested in financial ratios
  • 3 key financial ratios
  • Liquidity Ratios (Currrent, quick, time interest earned ratios)
  • Solvency Ratios (Debt to equity, Equity, Debt ratios)
  • Financial Ratios (Gross Margin, Profit Margin, Return on Asset, Return on Capital Employed, Return on Equity ratios)


A combination of class lectures, exercise, case studies or examples and group discussion. The course will be intensive but practical and highly interactive. Participants are encouraged to participate actively and to ask questions especially pertaining to specific problems.


Lai Su Yin is an ACCA Chartered Accountant having over 20 years of experience in Finance and Accounts field with practical financial skills on various functions. His experiences including managing business operations with business partners to ensure company investments are safe guarded and maximized, reviewing project economic value to ensure the return of investment within the target, analyzed Income Statement and proposed strategic initiatives to enhance profitability,  involved in designing of cost allocation mechanism to ensure the correctness of cost charging, participated in negotiation of facility cost sharing with commercial team, and managing all other financial activities such as general ledger postings, budgeting and variances analysis, month end accrual preparation, reviewing financial statements, cash flow statements and preparing taxation forecast. He also has good track records in conducting many training sessions related to finance and organization improvement. He is a PSMB Certified Trainer.

Academic Profile

  • ACCA – Association of Chartered Certified Accountants
  • PSMB Certified Trainer
  • Degree in Accountancy BA (Hons) – Bolton Institute, UK

Work Experience

  • 20 years of experience in Finance and Account job function (5 years in Manager position):
    • Hands on practice of SAP Finance system and preparing periodic financial performance reports such as budget variance, financial statements, etc for management consumption and decision making
    • Preparing Taxation forecast and generating estimated taxable amount for submission to IRB
    • Coordinating and preparing annual budget, assess the long term cash flow to ensure business profitability and continuity
    • Reviewing Accounting Procedures periodically to ensure processes are in compliance to International Financial Standards
    • Assessing economic value of new projects or business development proposal for prudent decision making
    • Designing SAP Accounting system together with SAP Consultants on WBS coding, Cost Allocation, GST implementation, etc
  • 5 years in Operations Performance Improvement job function:
    • Providing internal consultant services for organization performance improvement such as Situational Assessment including benchmarking and develop an improvement intervention plan for gaps closing
    • Conducting improvement tools training to internal staff and guide them to execute assessment and develop action plans
  • Facilitation/Trainer experiences:
    • Conducted in house and external Finance related training such as Finance for non-finance and Finance for Business Performance
    • Conducted in house Operations Improvement trainings and workshops for organization performance improvements
    • Participated in design of few Teambuilding sessions together with professional teambuilding trainers targeting specific achievements
    • Involved in conducting Finance Professional Skills in house Training on specific subject such as Budget Monitoring, Cost Allocation, etc
Training – Leadership
  • Management Development Program (MDP) (PLC)
  • Corporate Coach (Power+)
  • Leadership and Corporate Coach (Nota Asia)
  • Emotional Intelligence for Leadership Excellence (Global Education Management)
  • Level 5 Manager (P2B Solutions)
Training – Facilitation
  • Train The Trainer (HRDF)
  • OPI ACE Academy (PLC)
  • The Art of Facilitation (PLC)
  • Facilitation Skills (PLC)
  • Teambuilding Program (PLC)
  • TOT on OPI Modules (PLC)
  • High Impact Presentation Skill (PLC)
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