Mastering financial reporting & analysis for non-finance directors or members new to the board of directors

This 2-day core programme is the third module of the FCD series. The overall objective is to impart key financial reporting and analysis competencies and skills expected of directors, especially for those who do not have a financial background.
At the end of the programme, directors should be able to make better data-supported judgment and contributions during boardroom discussions or decision-making on financial matters.

Learning Outcomes

• Understand the various financial and reporting requirements and the serious consequences of non-compliance of these regulatory obligations.
• Know how to interpret what the financial statements or quarterly reports, recognise the accounting red flags and identify the important financial concerns or issues.
• Learn to apply the Du Pont technique to analyse and evaluate business performance and identify areas for financial improvement.
• Know how to evaluate corporate viability relating to the company’s liquidity, debt & solvency and ascertain the ideal debt or equity capital structure for the business.
• Appreciate the different types of audit reports a company can receive and the consequences of modified reports.

Facilitator

VINCENT LOH
FCA, MIM-CPT, ICDM (M)
ICDM Faculty Member

Vincent has over 40 years of knowledge, exposure and experience in auditing, financial & business management, consulting and training. His experiences cover numerous business segments, ranging from auditing and consultancy to the technology, manufacturing and retail sectors, working for international organisations, listed companies and local multinationals.

He has also worked and lived in several countries including the United Kingdom, Singapore, Malaysia, Indonesia, Hong Kong and Cambodia, providing him with deep understanding of the various cultural environments and business regimes, dealing with all levels from corporate leadership to the shop-floor.

Vincent is qualified as a chartered accountant from the Institute of Chartered Accountants in England & Wales and was made a Fellow (FCA) in 1977. He joined the PA Consulting Group (UK-based international management consultants), initially located in Singapore for 6 years and later back in London. He was responsible for PA’s financial, HR and administrative management of the Asian and later, the UK group whilst gaining experience as a management consultant. Vincent was subsequently promoted as commercial director of PA Technology (which provides technology consultancy) in Cambridge, England handling financial management, commercial negotiations and intellectual properties rights, in addition to managing the state-of-the-art laboratory.

In 1994, he was headhunted and appointed Chief Financial Officer of FACB Berhad, a main board public-listed conglomerate based in Kuala Lumpur. In 1996, he was appointed general manager of corporate services for Royal Selangor Group, the world’s largest manufacturer and retailer of pewter with subsidiaries worldwide and was subsequently promoted to group general manager with top and bottom-line responsibilities.

He left in 2000 to start his own business and management consultancy practice, providing consulting services to clients in Malaysia, Hong Kong and Indonesia. Vincent is also a certified professional trainer and conducts training on financial and strategic management topics for his clients. He is a member of and faculty facilitator for the Institute of Corporate Directors of Malaysia (ICDM), conducting training for directors and assisting the Institute to assess board and director effectiveness, particularly for those from public-listed companies.

In 2010, he was appointed as an Independent Non-Executive Director in a public-listed technology company and subsequently made Chairman in March 2015. He is also Chairman of the Nomination and Remuneration Committees and member of the Audit Committee.

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