Course Detail()

This session is delivered via live webinar (zoom platform).

A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective
The role of accounting & finance is fast expanding into one of business partnership with other departments in an organisation. This workshop provides both insight into the business planning process (which is necessary for effective financial planning and budgeting) and key pointers in the budgeting process itself. By the end of this workshop, you will:

Understand how longer-term business planning is done
Be equipped with a practical framework to structure a Business Plan that is easy to read and understand, be it a business-development or process improvement plan
Know the key points and pitfalls to watch for when assessing or approving Business Plans
Know how to quantify the payoffs and funding needs
Know how to incorporate risks into the plans
Know how to do budgeting effectively

Programme Outline

PART I: Business Planning

Business Planning framework
In context of Strategic Planning
Relationship between Business Plans, Financial Plans & Budgets
Strategic Planning process
Analysis of external & internal environment
Choosing strategies – Relevance of Business Plans
Implementation – Relevance of Budgets
Structuring an effective Business Plan
Why Business Plans fail to get attention
Key components of a Business Plan
Use of the Executive Summary
Identifying key action strategy
Key pointers in Marketing Plan, Operations Plan, Management Plan, Financial Plan
Inter-dependency of various plans
Financial Plan: The payoff
Payback period
Net Present Value
Internal Rate of Return
Financial Plan: Funding requirements
Identifying amount of funds needed
Deciding on level of buffer cash reserve
Identifying & quantifying risks
Identifying risks
Building risks into business plan
Use of Breakeven and Sensitivity Analysis
Mapping out implementation of Business Plan
Setting milestones
Importance of change management

PART II: Budgeting

Budgeting at corporate level
Quantifying corporate objective
Use of budgets
Inter-dependency of budgets
Roles of finance & non-finance managers in budgeting
Differing budgeting methods and their pros & cons
Selecting suitable methods for different types of budgets
Budgeting at department or team level
Identifying & quantifying costs
Identifying & quantifying revenue
Checklist for budget preparation
Pre-requisites for effective budgeting
Impact on cash flow management
Relevance of cash flow forecast
Impact of budgets on cash flow management

Participants are required to bring along their calculator for hands-on exercises.

Pre-requisites

Please take note of the following admission requirements:

Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
Mandatory for video camera to be turned on throughout the course
Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

Training Methodology

Lectures
Exercises
Case studies
Sharing of real experiences

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Financial Controllers, Finance Managers and Accountants who review business plans &/or budgets •Business Managers who develop business plans &/or providing inputs into budgets •Entrepreneurs who need to know how to do business planning and financial planning •Financiers who need to assess the feasibility of business plans furnished by client

Schedule & Fees

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 31 Dec 2024
Course Reference Number: TGS-2020500881

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees.

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit www.myskillsfuture.gov.sg)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Step 1: You will need to ensure that you have sufficient SkillsFuture Credits in your SkillsFuture Credit account in order to make a successful claim. Please check your SFC account balance here.
Step 2: Register for the course online via ISCA Portal.
Step 3: Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information.
Step 4: At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
Step 5:Upon receiving an email that the programme status is confirmed, please proceed to submit SFC claim on SkillsFuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal (www.myskillsfuture.gov.sg).

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $43.60 for any revision of invoice.

2] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)