Course Detail (WD008 : WSQ Develop and Establish Financial Budget and Plans)

SDF Funding, SkillsFuture Credit, WDA Funding

WD008 : WSQ Develop and Establish Financial Budget and Plans NEW

16.00 CPE Hours (Others)
Classroom

Important:
If you wish to disburse your SkillsFuture Credit to ISCA, please login to SkillsFuture Credit (SFC) portal (http://www.skillsfuture.sg/credit) with your Singpass60 days before the course start date to submit the SkillsFuture Credit Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to submit claim application via SkillsFuture Portal and obtain necessary approval before the course start date will result in an administrative fee of $42.80 levied to revise the invoice based on the amount of SkillsFuture Credit you have indicated to use.

Programme Objective

This 2-day course is designed to discuss the main features of determining financial needs, formulating financial plans, establishing resource allocation, reviewing financial forecasts and budgets, as well as monitoring the budget and reporting findings to relevant stakeholders.

  • Interesting case studies will be used to make your learning even more relevant to your job.
  • Discussions for collaborative exchange of ideas.
  • Games to develop connections with the content and form positive memories of learning.

Programme Outline

The following topics will be covered in the 2-day course:

  • Determine short and long term financial needs to assess current financial situation.
  • Formulate financial plans aligned to overall organisational strategies.
  • Establish allocation of resources in accordance with organisational financial plans.
  • Review financial forecasts to anticipate changes in circumstances.
  • Review draft budget in accordance with organisational guidelines.
  • Monitor and evaluate actual figures against budget to identify and address variances.
  • Report findings, recommendations and options to relevant stakeholders for review in accordance with organisational policies.
 
The course will help participant to know and understand:
  • types of financial milestones and performance indicators
  • methods of identifying factors that may impact financial plans or budgets
  • assumptions and parameters of financial forecasts
  • means of communication of budget plans
  • stakeholders to discuss and negotiate cost allocation and targets with 
  • significant issues pertaining to budgets


Training Methodology


Interactive competency-based training, with a combination of instructional methods of lectures, discussions and assessments.

Assessment


Written assessments (open book) on both days.
(For those applying for WDA training grant, it's compulsory to complete and pass all assessments)

Closing Date for Registration


1 week before programme or until full enrolment

Intended For

Managers who are involved in the budgeting, planning and controlling of their department’s budget; Those who wish to review or learn concepts used to budget and control operations; Management staff with corporate responsibilities for strategic performance.

Competency Mapping

Others = 16.00 Hours

Schedule & Fees

Date & Time

23 Aug 2017 (9:00 AM - 6:00 PM)
24 Aug 2017 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $599.20
For Non-Members: $599.20

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

13 Nov 2017 (9:00 AM - 6:00 PM)
14 Nov 2017 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $599.20
For Non-Members: $599.20

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

17 May 2017 (9:00 AM - 6:00 PM)
18 May 2017 (9:00 AM - 6:00 PM)

Registration is closed


Testimonial

Funding

1] WDA Training Grant
Participants who successfully complete the course will receive a WSQ Statement of Attainment (SOA) in Develop and Establish Financial Budget and Plans
 
Company-sponsored Employees*
Eligibility Criteria:
  • Company must be registered or incorporated in Singapore and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, pass all assessments and;
  • Applicant is taking the course for the first time.
 
 WTS
·Singapore Citizen
·35 years old and above
·Monthly salary not more than $2000
Mid-Career
·Singapore Citizen
·40 years old and above
SME Enhanced
·Singapore Citizen or Permanent Resident
Non-SME
·Singapore Citizen or Permanent Resident
WDA Training Grant$532.00$504.00$504.00$240.00
Nett Fees Payable to ISCA (Inclusive of GST)$67.20$95.20$95.20$359.20
Company can claim the following Absentee Payroll
Absentee Payroll95% of basic hourly salary80% of basic hourly salary, capped @ $4.50/hour80% of basic hourly salary, capped @ $7.50/hour80% of basic hourly salary, capped @ $4.50/hour
*Employers of company sponsored employees must apply via the SkillsConnect system to obtain training grant for course fees and funding for absentee payroll. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please click here to apply for training grant via the Skillsconnect system.
 
Self-sponsored Individuals
Eligibility Criteria
  • Applicant must either be a Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must be at least 21 years old and;
  • Applicant must achieve at least 75% attendance, and pass all assessments and;
  • Applicant is taking the course for the first time.
 WTS
·Singapore Citizen
·35 years old and above
·Monthly salary not more than $2000
Mid-Career
·Singapore Citizen
·40 years old and above
Baseline
·Singapore Citizen or Permanent Resident
WDA Training Grant$532.00$504.00$240.00
Nett Fees Payable to ISCA (Inclusive of GST)$67.20$95.20$359.20
Self-sponsored individuals (WTS Scheme only) may apply for Training Allowance personally at one of the five self-help groups AMP, CDAC, EA, Mendaki, SINDA. Those who are eligible for WTS subsidy need to apply directly at directly at WDA Career Centre CDC
 
2] SkillsFuture Credit
All Singaporeans aged 25 and above will receive an opening credit of S$500 from January 2016. The SkillsFuture credit will not expire and the government will provide periodic top-ups. You may accumulate your credit and use your credit to pay for or offset skills related course fees by applying for claim(s) starting January 2016. For more details about this scheme and submission on SkillsFuture claim, please visit http://www.skillsfuture.sg/credit

Please note that if you wish to disburse your SkillsFuture Credit to ISCA and did not login to SkillsFuture Credit portal (http://www.skillsfuture.sg/credit) via Singpass, one day before the start of your course, to submit an application and obtain the approval, an administrative fee of $42.80 will be levied to revise your invoice based on the amount of SkillsFuture Credit you wish to use.

Programme Facilitator(s)

Jasmine Ng
CA (Singapore), FCCA, ACTA, DACE


Jasmine Ng is a Fellow member of the Association of Chartered Certified Accountants (ACCA) and a member of the Institute of Singapore Chartered Accountants (ISCA). She has over 18 years of extensive experience in the area of audit, accounting, financial analysis, business controlling, enterprise system implementation and training. She travelled extensively during the course of her work and gain exposure to different culture and work style.

She utilizes her creativity and real-world examples in conducting her training. Jasmine is passionately fond of training and always willing to share with others all that she knows. Her outgoing, pleasant personality and confident disposition have made her training all the more lively, fun and insightful.
 

Important:
If you wish to disburse your SkillsFuture Credit to ISCA, please login to SkillsFuture Credit (SFC) portal (http://www.skillsfuture.sg/credit) with your Singpass60 days before the course start date to submit the SkillsFuture Credit Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to submit claim application via SkillsFuture Portal and obtain necessary approval before the course start date will result in an administrative fee of $42.80 levied to revise the invoice based on the amount of SkillsFuture Credit you have indicated to use.

Programme Objective

This 2-day course is designed to discuss the main features of determining financial needs, formulating financial plans, establishing resource allocation, reviewing financial forecasts and budgets, as well as monitoring the budget and reporting findings to relevant stakeholders.

  • Interesting case studies will be used to make your learning even more relevant to your job.
  • Discussions for collaborative exchange of ideas.
  • Games to develop connections with the content and form positive memories of learning.

Programme Outline

The following topics will be covered in the 2-day course:

  • Determine short and long term financial needs to assess current financial situation.
  • Formulate financial plans aligned to overall organisational strategies.
  • Establish allocation of resources in accordance with organisational financial plans.
  • Review financial forecasts to anticipate changes in circumstances.
  • Review draft budget in accordance with organisational guidelines.
  • Monitor and evaluate actual figures against budget to identify and address variances.
  • Report findings, recommendations and options to relevant stakeholders for review in accordance with organisational policies.
 
The course will help participant to know and understand:
  • types of financial milestones and performance indicators
  • methods of identifying factors that may impact financial plans or budgets
  • assumptions and parameters of financial forecasts
  • means of communication of budget plans
  • stakeholders to discuss and negotiate cost allocation and targets with 
  • significant issues pertaining to budgets


Training Methodology


Interactive competency-based training, with a combination of instructional methods of lectures, discussions and assessments.

Assessment


Written assessments (open book) on both days.
(For those applying for WDA training grant, it's compulsory to complete and pass all assessments)

Closing Date for Registration


1 week before programme or until full enrolment

Intended For

Managers who are involved in the budgeting, planning and controlling of their department’s budget; Those who wish to review or learn concepts used to budget and control operations; Management staff with corporate responsibilities for strategic performance.

Competency Mapping

Others = 16.00 Hours

Programme Facilitator(s)

Jasmine Ng
CA (Singapore), FCCA, ACTA, DACE


Jasmine Ng is a Fellow member of the Association of Chartered Certified Accountants (ACCA) and a member of the Institute of Singapore Chartered Accountants (ISCA). She has over 18 years of extensive experience in the area of audit, accounting, financial analysis, business controlling, enterprise system implementation and training. She travelled extensively during the course of her work and gain exposure to different culture and work style.

She utilizes her creativity and real-world examples in conducting her training. Jasmine is passionately fond of training and always willing to share with others all that she knows. Her outgoing, pleasant personality and confident disposition have made her training all the more lively, fun and insightful.
 


Upcoming Schedule

Date & Time

23 Aug 2017 (9:00 AM - 6:00 PM)
24 Aug 2017 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $599.20
For Non-Members: $599.20

Venue

60 Cecil Street
ISCA House
Singapore 049709