Fundamentals of Financial and Accounting for Technology Professionals
- Analytics & Tech
- Finance & Investment
This module is conducted in-person.
3 days
Weekdays (9am - 5pm)
Singapore Management University
Who Should Attend
Project managers, executives, project teams, consultants leading and overseeing IT or enterprise wide related projects
Overview
In this 3-day workshop, participants will learn the various financial and accounting concepts and terminologies used in the financial performance measurement of technology functions. Be familiar with how to manage, analyse and account for variance in financial performance with reference to financial information or reports on budget, accrual and expenses.
Dates: [To be determined]
Learning Objectives
- Learn accounting frameworks, concepts and assumptions
- Differentiate between operating and capital expenditures, cash and accrual accounting for FIs
- Accounting for IT Projects – budget and financial planning
- Case exercises – tracking financial performance of an IT project
Topic/Structure
- The concept of financial and accounting used in the Financial Sector
- Budget and financial planning
- Factors for consideration and impact of capital vs operating expenses
- Use cases – accounting for actuals vs accruals
- Group exercise – preparing the budget and tracking the financial performance of a project
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course in the form of written tests, assignments and presentations.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$981 (After SSG Funding 70%) |
$381 (After SSG Funding 70% |
$981 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$381 (After SSG Funding 70% |
$381 (After SSG Funding 70% |
$381 (After SSG Funding 70% |
|
International Participant |
$3,270 (No Funding) |
$3,270 (No Funding) |
$3,270 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
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Trainers
Additional Details
NOTE: Laptop Requirements
- Participants are required to bring along their own personal laptop (with administrator rights enabled). Any browser would work such as Chrome, Safari, Firefox.
- For online assessments specifically, note that only the following browser versions are supported:
- IE version: 10 and above
- Firefox version: 11 and above
- Safari version: 4 and above
Note that Chrome >20 (32.0.1700.6) is NOT supported.
Kindly ensure your laptops are equipped with the above specifications as no laptops will be provided.
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