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Introduction
Course Availability
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Date(s): 13 to 14 Apr 2023
Time: 9:00AM to 5:00PM
Venue: NTU@one-north campus, Executive Centre (Buona Vista)
Registration Closing Date: 30 Mar 2023
At the end of this programme, participants will be able to:
- Understanding the various aspects of manufacturing accounting.
- Understanding the positive impact on cost drivers from introduction of advanced technologies.
- Understanding the other not-so-easily quantifiable benefits of advanced manufacturing.
- Build a financial investment case for advanced technologies & evaluation of it via discounted cash flow techniques.
- Sharpen a company’s competitive advantage via better costing system and better pricing decision.
1. The Manufacturing Profit & Loss (P/L)
- Actual vs Standard Costing
- Inventory Valuation (Marginal vs Full Absorption)
- Manufacturing Variances in Standard Costing
- Significant Manufacturing Cost Items to Watch
- Cost Reductions (Sourcing, Productivity, Efficiencies)
2. Financial Benefits of Advanced Manufacturing
- Impact on Manufacturing Cost Drivers
- Impact on Inventory Cost
- Other Qualitative & Indirect Financial Benefits
3. Justifying Capital Investment in Advanced Manufacturing
- Financial Measures: Traditional vs Advanced Manufacturing
- Capital Evaluation of Advanced Manufacturing Investments
a) Cost of Capital
b) Concept of Cash Flows / Time Value of Money
c) Building Up a Financial Investment Case
d) Net Present Value (NPV)
e) Internal rate of Return (IRR)
f) Other Considerations
4. Better Costing System, Better Pricing Decisions
- Direct & Indirect Costs in Manufacturing
- Activity-Based Costing System
a) Implementation Methodology
b) Comparison with alternative method
- Pricing Methodologies
Standard Course Fee: S$842.40
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SSG Funding Support |
Course fee |
Course fee payable after SSG funding, if eligible under various schemes |
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BEFORE funding & GST |
AFTER funding & 7% GST |
AFTER funding & 8% GST |
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Singapore Citizens (SCs) and Permanent Residents (PRs) (Up to 70% funding) |
S$780.00 |
S$250.38 |
S$252.72 |
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Enhanced Training Support for SMEs (ETSS) |
S$94.38 |
S$96.72 |
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SCs aged ≥ 40 years old |
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• NTU/NIE alumni may utilise their $1,600 Alumni Course Credits. Click here for more information.
Note: Course fee payment made before 1 Jan 2023 will be subject to GST at 7%, and payment made on or after 1 Jan 2023 will be subject to GST at 8%.
Mr Ee Teck Siew
After graduating with a Bachelor of Accountancy in 1994, Mr Ee Teck Siew started with one of the ‘Big Four’ accounting firms and proceeded to gain valuable financial leadership experience and over the next 20 over years in various industries. He has also accumulated overseas working experience in China and Hong Kong, as well as as CFO of publicly listed company and private equity owned company in the manufacturing space. His past experience has provided him with a strong foundation in finance and accounting in general and financial leadership in embracing technology, inter-personal relations skills, communications and contemporary management knowledge in pursuit of his professional career. He is passionate to share his knowledge and experience with others. Mr Ee also holds an Executive Master of Business Administration from Nanyang Technological University.
