Finance For Non-Finance Professionals

Financial Management for Non-Financial Professionals: Understanding Financial Statements and Accounting Principles


Course Description

Increasingly, managers in every functional area need to understand the basic principles of accounting and finance to improve the effectiveness of their operations and strategy. Financial data has to be analysed in order to make calculated business decisions. By empowering non-financial managers with a framework of essential financial terminology, concepts and applications taught in this programme, it would enable them to analyse and interpret commonly used financial information in making business decisions and working more effectively with the financial managers of their organizations. This programme is aimed at helping managers with little or no knowledge of finance to grasp the basics. It is also simplified to enable fundamental financial concepts to be learnt and remembered well which will enable communication in finance related matters to be more effectively with an increase in the understanding of the performance metrics of the organization and other managerial accounting aspects


Target Audience

The course will be useful to directors, managers and any other officers that use financial information in the course of their work and do not have any specialised training in understanding financial information. Prior knowledge of accounting or finance is not required to benefit significantly from this workshop


Course Benefits

  • Improved Decision-Making: Participants will be able to make informed business decisions.
  • Better Communication: Participants will be able to effectively communicate with financial managers.
  • Understanding Financial Statements: Participants will be able to read and understand financial statements.
  • Knowledge of Accounting Principles: Participants will have a comprehensive understanding of accounting.
  • Comparison of Accounting Methods: Participants will understand the difference between accrual and cash accounting.
  • Accessible to All: This program is designed for anyone with little or no knowledge of finance.


Course outline

Through this webinar, participants will come to understand common financial terms and issues - being on the same wavelength goes a long way in lending credibility to proposals.

This half-day webinar will cover:

  • Fundamental accounting concepts and framework
  • Understanding Statement of Financial Position
  • Understanding Statement of Financial Performance


Upon finishing the course, participants should be able to:

  • Read the Statement of Financial Position
  • Read the Statement of Financial Performance
  • Understand the difference between Accrual accounting vs. Cash accounting


Course Fees (Incl GST)

SCAL Member: $175.00

CIJC Member: $210.00

Non Member : $210.00


Speaker Profile

Richard Thai

MBA(NUS),B.Sc.(hons), PGDE, MSCS

Richard Thai is a Principal Consultant from Allegro Consulting Pte Ltd. He has worked on projects with companies like Fudo Construction Co. Ltd, Kusan Construction Co. Ltd, Samsung Engineering and Construction Co. Ltd, McConnell Dowell South East Asia Pte Ltd. Projects experience include ground improvements to MRT projects to building projects.

Richard Thai had over 26 years of experience regarding running companies and providing consultancies to implement ERP projects for companies. He has conducted many academic courses on Financial Accounting and Managerial Accounting for academic institutes like the Republic Polytechnic, RMIT, MIFM seminars and workshops for companies. He has been described by many as a motivating and entertaining speaker with the unique ability to engage a wide audience.

Richard Thai graduated from the National University of Singapore with BSc (Hons) and Master in Business Administration and has Post Graduate Diploma in Education from the Institute of Education (NIE). Currently he is teaching in the institutions like the Republic Polytechnic, SIM and various business schools. He has designed many courses in areas like Human Resource, IT, finance management, operations process, costing, marketing, sales, service management, team management.

Course Duration

0.5 Day Course

  • Training Hours – 4.0 hours

  • Assessment Hours – 0 hours

Medium Of Instruction

  • English

Funding Information

This webinar is not eligible for funding.


Course Brochure

Finance For Non-Finance Professionals (Half - day)



An e-Certificate of Attendance will be issued to participant who complete the course with 100% attendance. 



A notice of replacement / postponement together with the full particulars of the new participant (for replacement) must be given to us AT LEAST 3 working days before course commencement. A charge of S$50 (replacement) or S$100 (postponement) will be imposed on such changes. 



A notice of cancellation must be given at least 3 working days before commencement of the course and 50% of course fee will be charged /returned. If notice is given less than 3 working days before the first day of the course, there will be no refund/100% charged.


Special Class

Available upon request.


For more information, please contact Ms Sitra at 67939020 or email

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