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WSQ - Financial Analysis for Small and Medium Enterprises

WSQ - Financial Analysis for Small and Medium Enterprises

Strengthen your financial acumen with our WSQ Financial Analysis for Small and Medium Enterprises course. Specifically tailored for SMEs, this course delves into the nuances of financial planning, interpreting financial statements, and cash flow management. You will acquire the tools to perform ratio analysis, budgeting, and forecasting, equipping you to make informed decisions that contribute to business growth. By the end of this course, you will be proficient in identifying financial risks and opportunities, enabling a more sustainable and profitable business operation.

Take control of your business's financial health by mastering the principles of financial analysis. This course covers essential topics like income statements, balance sheets, and cash flow statements, as well as advanced techniques like sensitivity analysis and valuation. Ideal for business owners, managers, and financial analysts in SMEs, this training provides you with the comprehensive skill set to evaluate financial performance, optimize resources, and strategize for future growth.

Learning Outcomes

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

LO1: Understand the financial statements such as balance sheet, income, and cash flow statements.
LO2: Evaluate organization’s financial performance from the trend of financial ratios.
LO3: Analyze financial statements and prepare the organization’s position.

Skills Framework

This course follows the guideline of Financial Analysis ACC-MAC-5004-1.1 TSC under Accountancy Skills Framework

Course Brochure

Download WSQ - Financial Analysis for Small and Medium Enterprises Brochure

Certification

Certificate of Completion from Tertiary Infotech - Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from Tertiary Infotech.
OpenCerts from SkillsFuture Singapore - After passing the assessment(s) and achieving at least 75% attendance, participants will receive a OpenCert (aka Statement of Achievement) from SkillsFuture Singapore, certifying that they have achieved the Competency Standard(s) in the above Skills Framework.

WSQ Funding

WSQ funding is only applicable to Singaporeans and PR. Subject to eligibility, the funding support is subjected to funding caps.

Effective for courses starting from 1 Jan 2024
Full Fee	GST	Nett Fee after Funding (Incl. GST)
		Baseline	MCES / SME
$700.00	$63.00	$413.00	$273.00

Baseline: Singaporean/PR age 21 and above
MCES(Mid-Career Enhanced Subsidy): S'porean age 40 & above

Upon registration, we will advise further on how to tap on the WSQ Training Subsidy.

You can pay the nett fee (after the WSQ training subsidy) by the following :

SkillsFuture Enterprise Credit (SFEC)

Eligible Singapore-registered companies can tap on $10000 SFEC to cover up out-of-pocket expenses.Click here to submit SkillsFuture Enterprise Credit

SkillsFuture Credit (SFC)

Eligible Singapore Citizens can use their SFC to offset course fee payable after funding but the $4,000 Additional SFC (Mid-Career Support) cannot be used. Click here for SkillsFuture Credit submission

UTAP

Eligible NTUC members can apply for 50% of the unfunded fee from UTAP, capped up to $250/year and for members aged 40 and above, capped up to $500/year. Click here to submit UTAP

PSEA

Eligible Singapore Citizens can use their PSEA funds to offset course fee payable after funding.

To check for Post-Secondary Education Account (PSEA) eligibility for this course, Visit SkillsFuture (course code: TGS-2022014981)

Scroll down to “Keyword Tags” to verify for PSEA eligibility.
If there is “PSEA” under keyword tags, the course is eligible for PSEA.

Once you are eligible for PSEA, please download and fill up the PSEA Withdrawal Form and email to us.

Course Code: TGS-2022014981

Post-Course Support

We provide free consultation related to the subject matter after the course.
Please email your queries to enquiry@tertiaryinfotech.com and we will forward your queries to the subject matter experts.

Course Cancellation/Reschedule Policy

You can register your interest without upfront payment. There is no penalty for withdrawal of the course before the class commerce.
We reserve the right to cancel or re-schedule the course due to unforeseen circumstances. If the course is cancelled, we will refund 100% for any paid amount.
Note the venue of the training is subject to changes due to availability of the classroom

Course Details

Topic 1: Understanding Financial Statements

Overview of Finance and Chart of Accounts
Balance Sheet Statement
Profit and Loss (P&L) Statement
Cash Flow Statement

Topic 2: Analysing Financial Ratios

Ratios for Corporate Profitability
Ratios for Corporate Performance
Equity Changes Statement

Topic 3: Planning & Budgeting using Financial Statements

Analyse Financial Statements
Financial Planning
Capital Budgeting

Final Assessment

Written Assessment - Short Answer Questions (WA-SAQ)
Practical Performance (PP)

Course Info

Promotion Code

Promo or discount cannot be applied to WSQ courses

Minimum Entry Requirement

Knowledge and Skills

Able to operate using computer functions
Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)

Attitude

Positive Learning Attitude
Enthusiastic Learner

Experience

Minimum of 1 year of working experience.

Minimum Software/Hardware Requirement

Software: NIL

Hardware: Windows and Mac Laptops

About Progressive Wage Model (PWM)

The Progressive Wage Model (PWM) helps to increase wages of workers through upgrading skills and improving productivity.

Employers must ensure that their Singapore citizen and PR workers meet the PWM training requirements of attaining at least 1 Workforce Skills Qualification (WSQ) Statement of Attainment, out of the list of approved WSQ training modules.

For more information on PWM, please visit MOM site.

Funding Eligility Criteria

Individual Sponsored Trainee

Employer Sponsored Trainee

Singapore Citizens or Singapore Permanent Residents of age 21 and above
From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
Trainee must pass all prescribed tests / assessments and attain 100% competency.
We reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria.

Singapore Citizens or Singapore Permanent Residents who are DIRECT EMPLOYEE of the sponsoring company.
From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
Trainee must pass all prescribed tests / assessments and attain 100% competency.
We reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria.

SkillsFuture Credit:

Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.

PSEA:

To check for Post-Secondary Education Account (PSEA) eligibility, goto mySkillsFuture portal and search for this course code.
Scroll down to "Keyword Tags" to verify for PSEA eligibility.
If there is “PSEA” under keyword tags, the course is eligible for PSEA.
And if there is no “PSEA” under keyword tags, the course is ineligible for PSEA.
Not all courses are eligible for PSEA funding.

Absentee Payroll (AP) Funding:

$4.50 per hour, capped at $100,000 per enterprise per calendar year.
AP funding will be computed based on the actual number of training hours attended by the trainee.

SFEC:

If the Training Provider has submitted an enrolment for course fee grant claim in Training Partners Gateway (TPGateway), SSG would be able to derive SFEC funding based on this record. There is no need for enterprise to submit any claim request and the SFEC claim will be automatically generated and disbursed.
Where there is no such record, eligible employers are required to submit an SFEC claim after course completion via the SFEC microsite.
SkillsFuture Enterprise Credit (SFEC) Microsite

Steps to Apply Skills Future Claim

The staff will send you an invoice with the fee breakdown.
Login to the MySkillsFuture portal, select the course you’re enrolling on and enter the course date and schedule.
Enter the course fee payable by you (including GST) and enter the amount of credit to claim.
Upload your invoice and click ‘Submit’

SkillsFuture Level-Up Program

The SkillsFuture Level-Up Programme provides greater structural support for mid-career Singaporeans aged 40 years and above to pursue a substantive skills reboot and stay relevant in a changing economy. For more information, visit SkillsFuture Level-Up Programme

Get Additional Course Fee Support Up to $500 under UTAP

The Union Training Assistance Programme (UTAP) is a training benefit provided to NTUC Union Members with an objective of encouraging them to upgrade with skills training. It is provided to minimize the training cost. If you are a NTUC Union Member then you can get 50% funding (capped at $500 per year) under Union Training Assistance Programme (UTAP).

For more information visit NTUC U Portal – Union Training Assistance Program (UTAP)

Steps to Apply UTAP

Note

SSG subsidy is available for Singapore Citizens, Permanent Residents, and Corporates.
All Singaporeans aged 25 and above can use their SkillsFuture Credit to pay. For more details, visit www.skillsfuture.gov.sg/credit
An unfunded course fee can be claimed via SkillsFuture Credit or paid in cash.
UTAP funding for NTUC Union Members is capped at $250 for 39 years and below and at $500 for 40 years and above.
UTAP support amount will be paid to training provider first and claimed after end of class by learner.

Appeal Process

The candidate has the right to disagree with the assessment decision made by the assessor.
When giving feedback to the candidate, the assessor must check with the candidate if he agrees with the assessment outcome.
If the candidate agrees with the assessment outcome, the assessor & the candidate must sign the Assessment Summary Record.
If the candidate disagrees with the assessment outcome, he/she should not sign in the Assessment Summary Record.
If the candidate intends to appeal the decision, he/she should first discuss the matter with the assessor/assessment manager.
If the candidate is still not satisfied with the decision, the candidate must notify the assessor of the decision to appeal. The assessor will reflect the candidate’s intention in the Feedback Section of the Assessment Summary Record.
The assessor will notify the assessor manager about the candidate’s intention to lodge an appeal.
The candidate must lodge the appeal within 7 days, giving reasons for appeal
The assessor can help the candidate with writing and lodging the appeal.
he assessment manager will collect information from the candidate & assessor and give a final decision.
A record of the appeal and any subsequent actions and findings will be made.
An Assessment Appeal Panel will be formed to review and give a decision.
The outcome of the appeal will be made known to the candidate within 2 weeks from the date the appeal was lodged.
The decision of the Assessment Appeal Panel is final and no further appeal will be entertained.
Please click the link below to fill up the Candidates Appeal Form.

Job Roles

SME Business Owner
Financial Analyst
Business Development Manager
Financial Consultant
SME Accountant
Finance Manager
SME Credit Analyst
Investment Banker focusing on SMEs
Venture Capitalist
SME Loan Officer
Business Strategy Consultant
Start-up Founder
Economic Development Specialist
Chief Financial Officer (CFO) for SMEs
Financial Planner specializing in SMEs

Trainers

Soo Chee Kong (Malcolm Soo): Malcolm Soo is an ACTA-certified trainer and experienced finance professional with deep expertise in financial planning and analysis, financial reporting, and internal control compliance. He has conducted training in LCCI levels 1 & 2, Accounting for Non-Financial Professionals, and specialized financial topics such as discounted cash flow and SAP budgeting systems. With more than 20 years of finance leadership across government-linked and private organizations, he brings practical, hands-on knowledge of budgeting, financial modeling, and reporting.

In his SME-focused financial analysis training, Malcolm emphasizes using Excel for interactive modeling, cash flow projections, and investment feasibility studies. He trains learners to apply techniques such as NPV, IRR, and ROI to real SME case studies, ensuring participants can evaluate financial performance and support strategic decision-making effectively.

Bell Ang Chai Huat: Bell Ang is an ACTA-certified trainer and finance professional with over 25 years of experience in accounting, financial management, and IT consulting. She has held senior finance roles across Asia-Pacific, implementing ERP systems and streamlining accounting processes for multinational corporations. Her expertise includes financial reporting, budgeting, costing, and system integration, complemented by strong skills in Excel and accounting software such as Oracle, MYOB, Hyperion, and Accpac.

In her SME financial analysis courses, Bell emphasizes practical financial management for business growth. She guides learners through financial statement interpretation, variance analysis, and cash flow management, tailoring the training to the realities of SME operations. By combining her technical expertise with decades of applied finance experience, she helps participants strengthen financial decision-making and business sustainability.

Gary Chan: Gary Chan is an ACTA-certified trainer, Chartered Accountant, and senior finance executive with more than 25 years of experience in corporate finance and business leadership. He has served as Regional CFO for an MNC, Director of Corporate Services for an SME, and Vice President for a Fortune 500 company. Gary has delivered financial literacy and business management training with organizations such as Singapore Polytechnic (Institute for Financial Literacy), LSBF, and the Singapore Business Federation.

In his SME-focused training, Gary emphasizes bridging financial theory with real-world application. He teaches learners how to conduct ratio analysis, evaluate financial health, and use financial data to support strategic business decisions. With his extensive leadership background, Gary contextualizes financial analysis within SME challenges, equipping participants to apply practical tools that enhance profitability, cash flow, and sustainable growth.

Iris Wang: Iris Wang is a finance and accounting professional with over 15 years of experience in financial reporting, business analysis, and corporate accounting across diverse industries. She has worked extensively with small and medium enterprises (SMEs), helping them strengthen their financial management, optimize cash flow, and improve decision-making through data-driven insights. As an experienced trainer and consultant, Iris specializes in translating complex financial concepts into practical, actionable strategies for business owners and professionals who may not have a finance background.

In “Financial Analysis for Small and Medium Enterprises,” Iris focuses on empowering participants to interpret financial statements, assess business performance, and make informed strategic decisions. Her sessions emphasize practical financial tools—such as ratio analysis, cash flow forecasting, and budgeting—tailored for SMEs. By blending technical expertise with hands-on exercises, she helps learners build the confidence to evaluate financial health, identify growth opportunities, and manage resources effectively for long-term business success.

Teddy Yip Fook Khin: Teddy Yip is a seasoned business consultant and corporate trainer with more than two decades of experience in project management, financial planning, and organizational development. He has worked with both multinational corporations and SMEs to improve operational efficiency and financial sustainability. Drawing on his extensive experience in strategic planning and leadership training, Teddy brings a holistic perspective that links financial literacy to business growth and performance optimization.

In “Financial Analysis for Small and Medium Enterprises,” Teddy equips participants with the analytical skills and frameworks needed to understand financial data and translate it into strategic business actions. His sessions cover financial statement interpretation, performance metrics, and profitability analysis, all contextualized for the SME landscape. With his practical teaching approach and strong business acumen, he enables learners to make data-driven financial decisions that enhance competitiveness and drive sustainable growth.