Course Detail(BF135 : Public Sector Financial Planning & Analysis Methodologies – A Practical Approach)

BF135 : Public Sector Financial Planning & Analysis Methodologies – A Practical Approach

7.00 CPE Hours (Others)
Classroom
In Collaboration with:  

Programme Objective

FP&A is increasingly important in statutory boards and government agencies, as well as the private sector.  FP&A provides insight and impact on strategic decisions affecting an entity’s top line, bottom line, cash flow, financial position and shareholders’ value.

It is therefore important to invest more time in FP&A and develop alternate business and financial strategies than spending time in validating data, and preparing rolling budgets and monthly management reports.  More time should be spent analysing the current and future internal business scenarios as well as external developments on the impact on business and financials.

This hands-on workshop equips you with portable FP&A skills especially for statutory boards and government agencies based on accounting and finance knowledge, market data and data visualisation using charts

Programme Outline

Session 1: Budgeting to Achieve Management Objectives

  • Importance of Budget Marksmanship given resources constraint
  • Various budgeting approaches - Zero-Based Budgeting, Incremental Budgeting, Probability-Adjusted Budgeting, Scenario Budgeting
  • Analysis of Operating Cashflow, Investing Cashflow and Financing Cashflows
  • Estimate revenue, expenses and resources required to execute business plans

Session 2: Hands-on Exercise to Develop an Annual Budget

  • Using a statutory board’s financial statements^, develop Annual Budget for next financial year based on the last 5 years’ historical information, covering:
    • Art of normalising cashflows
    • Time-series analysis on financial statements
    • Analysis of Revenue Structure, Expense Structure and Capital Structure
    • Probability adjustments to budgets
    • Business and financial assumptions for Base Case
    • SWOT analysis on achievability of Management Objectives

 ^ Learners who prefer to use listed company’s financials will be guided by Facilitator.

Session 3: Long-Term Forecasting for Strategic Decisions

  • Concept of Free Cash Flows
  • Long-term Financial Planning Process – role of Business Units, Treasury, Finance and Stakeholders
  • Continuing from above, develop business and financial assumptions for 5-year Forecast (Base Case, Best Case and Worst Case)
  • Strategic review of 5-year plan:
    • Operational decisions e.g., pricing strategy, best-sourcing, headcount cut, salary freeze
    • Investment decisions e.g., deployment of idle cash, cash war-chest, capital expenditure
    • Financing decisions e.g., debt maturity profile, access to money market versus capital markets, debt management/refinancing, risk management
    • Market conditions  e.g., interest rate, foreign exchange rates
    • Key success factors, drivers and controllability           

Session 4: Hands-on Exercise to Develop 5-Year Forecast & Financial Analysis

  • Continuing from above, develop the 5-year Forecast (Base Case, Base Case and Worst Case)
  • Cost-benefit analysis of major Operational, Investment and Financing decisions e.g., investment of surplus funds, bond issue, financial requirements to execute future sales strategy
  • Review of liquidity, profitability, sustainability, long-term viability and bankability
  • Key Financial Indicators:
    • Liquidity
    • Profitability, Growth and Quality of Earnings
    • Operational Efficiency
    • DuPont analysis
    • Leverage and Coverage
    • Valuation
    • Bankability
  • What are the limitations of these financial indicators?

 
Training Methodology

Presentation style with interactive case studies, open discussions and hands-on activities using Microsoft Excel.

  • Develop Annual Budget
  • Develop 5-year Forecast & Financial Analysis

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

Intended For

This workshop is designed for accounting and finance professionals in statutory boards/government agencies who manage budgeting, financial planning/analysis and treasury, as well as credit and business analysis, auditors and anyone who wishes to upskill for career upside.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

03 Oct 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Patrick TK Tan

Date & Time

24 Jun 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Patrick TK Tan

Date & Time

15 Feb 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Patrick TK Tan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)



Patrick TK Tan


Patrick TK Tan is a Fellow Chartered Accountant (FCA) with the Institute of Singapore Chartered Accountants (ISCA).  He also holds the Chartered Financial Consultant (ChFC), Distinguished Toastmasters (DTM) and Advanced Certificate for Training and Assessment (ACTA) qualifications.  He graduated from the National University of Singapore (NUS) with a Bachelor of Accountancy and Master of Business Administration.

 

Currently, he is a Specialist and Senior Lecturer at the Singapore University of Social Sciences.  He teaches Financial Accounting, Managerial Accounting and Financial Reporting, as well as conduct Accounting and Finance workshops.

 

In addition, he serves in the Accountant Journal Editorial Advisory Panel and Information Technology Services Advisory Panel at ISCA.

 

He has about 30 years of experience holding appointments of Chief Financial Officer (CFO), Group Chief Investment Officer (Group CIO), Investment Director, Head of Corporate Finance, Head of Management Accounting and Treasurer.

 

He has real-life hands-on experience in treasury, financing, investment, IPOs, M&A, financial accounting, management reporting, strategic finance, financial operations, compliance, taxation, insurance and risk management.

 

His career spans across utilities, property, consultancy, port, leisure, transport, info-communications, financial and education sectors locally and overseas.

 

Attendees from statutory boards/government agencies will greatly benefit from his experiences in HQ and downstream companies of Public Utilities Board, Singapore Power, Jurong Town Corporation, Info-communications Development Corporation, Sentosa Development Corporation and Singapore University of Social Science.

 

Programme Objective

FP&A is increasingly important in statutory boards and government agencies, as well as the private sector.  FP&A provides insight and impact on strategic decisions affecting an entity’s top line, bottom line, cash flow, financial position and shareholders’ value.

It is therefore important to invest more time in FP&A and develop alternate business and financial strategies than spending time in validating data, and preparing rolling budgets and monthly management reports.  More time should be spent analysing the current and future internal business scenarios as well as external developments on the impact on business and financials.

This hands-on workshop equips you with portable FP&A skills especially for statutory boards and government agencies based on accounting and finance knowledge, market data and data visualisation using charts

Programme Outline

Session 1: Budgeting to Achieve Management Objectives

  • Importance of Budget Marksmanship given resources constraint
  • Various budgeting approaches - Zero-Based Budgeting, Incremental Budgeting, Probability-Adjusted Budgeting, Scenario Budgeting
  • Analysis of Operating Cashflow, Investing Cashflow and Financing Cashflows
  • Estimate revenue, expenses and resources required to execute business plans

Session 2: Hands-on Exercise to Develop an Annual Budget

  • Using a statutory board’s financial statements^, develop Annual Budget for next financial year based on the last 5 years’ historical information, covering:
    • Art of normalising cashflows
    • Time-series analysis on financial statements
    • Analysis of Revenue Structure, Expense Structure and Capital Structure
    • Probability adjustments to budgets
    • Business and financial assumptions for Base Case
    • SWOT analysis on achievability of Management Objectives

 ^ Learners who prefer to use listed company’s financials will be guided by Facilitator.

Session 3: Long-Term Forecasting for Strategic Decisions

  • Concept of Free Cash Flows
  • Long-term Financial Planning Process – role of Business Units, Treasury, Finance and Stakeholders
  • Continuing from above, develop business and financial assumptions for 5-year Forecast (Base Case, Best Case and Worst Case)
  • Strategic review of 5-year plan:
    • Operational decisions e.g., pricing strategy, best-sourcing, headcount cut, salary freeze
    • Investment decisions e.g., deployment of idle cash, cash war-chest, capital expenditure
    • Financing decisions e.g., debt maturity profile, access to money market versus capital markets, debt management/refinancing, risk management
    • Market conditions  e.g., interest rate, foreign exchange rates
    • Key success factors, drivers and controllability           

Session 4: Hands-on Exercise to Develop 5-Year Forecast & Financial Analysis

  • Continuing from above, develop the 5-year Forecast (Base Case, Base Case and Worst Case)
  • Cost-benefit analysis of major Operational, Investment and Financing decisions e.g., investment of surplus funds, bond issue, financial requirements to execute future sales strategy
  • Review of liquidity, profitability, sustainability, long-term viability and bankability
  • Key Financial Indicators:
    • Liquidity
    • Profitability, Growth and Quality of Earnings
    • Operational Efficiency
    • DuPont analysis
    • Leverage and Coverage
    • Valuation
    • Bankability
  • What are the limitations of these financial indicators?

 
Training Methodology

Presentation style with interactive case studies, open discussions and hands-on activities using Microsoft Excel.

  • Develop Annual Budget
  • Develop 5-year Forecast & Financial Analysis

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

Intended For

This workshop is designed for accounting and finance professionals in statutory boards/government agencies who manage budgeting, financial planning/analysis and treasury, as well as credit and business analysis, auditors and anyone who wishes to upskill for career upside.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)


Patrick TK Tan


Patrick TK Tan is a Fellow Chartered Accountant (FCA) with the Institute of Singapore Chartered Accountants (ISCA).  He also holds the Chartered Financial Consultant (ChFC), Distinguished Toastmasters (DTM) and Advanced Certificate for Training and Assessment (ACTA) qualifications.  He graduated from the National University of Singapore (NUS) with a Bachelor of Accountancy and Master of Business Administration.

 

Currently, he is a Specialist and Senior Lecturer at the Singapore University of Social Sciences.  He teaches Financial Accounting, Managerial Accounting and Financial Reporting, as well as conduct Accounting and Finance workshops.

 

In addition, he serves in the Accountant Journal Editorial Advisory Panel and Information Technology Services Advisory Panel at ISCA.

 

He has about 30 years of experience holding appointments of Chief Financial Officer (CFO), Group Chief Investment Officer (Group CIO), Investment Director, Head of Corporate Finance, Head of Management Accounting and Treasurer.

 

He has real-life hands-on experience in treasury, financing, investment, IPOs, M&A, financial accounting, management reporting, strategic finance, financial operations, compliance, taxation, insurance and risk management.

 

His career spans across utilities, property, consultancy, port, leisure, transport, info-communications, financial and education sectors locally and overseas.

 

Attendees from statutory boards/government agencies will greatly benefit from his experiences in HQ and downstream companies of Public Utilities Board, Singapore Power, Jurong Town Corporation, Info-communications Development Corporation, Sentosa Development Corporation and Singapore University of Social Science.

 


Upcoming Schedule

Registration is closed

Date & Time

03 Oct 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Patrick TK Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709