Develop and Establish Financial Budget and Plans
Training Provider: Institute of Singapore Chartered Accountants
Course Reference: TGS-2016500598
S$280
Original: S$560
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About This Course
This unit covers 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.
What You'll Learn
1. Determine short and long term financial needs to assess current financial situation.
2. Types of financial milestones and performance indicators
3. Formulate financial plans aligned to overall organisational strategies.
4. Methods of identifying factors that may impact financial plans or budgets
5. Establish allocation of resources in accordance with organisational financial plans.
6. Review financial forecasts to anticipate changes in circumstances.
7. Assumptions and parameters of financial forecasts
8. Review draft budget in accordance with organisational guidelines.
9. Stakeholders to discuss and negotiate cost allocation and targets with
10. Monitor and evaluate actual figures against budget to identify and address variances.
11. Report findings, recommendations and options to relevant stakeholders for review in
accordance with organisational policies.
12. Means of communication of budget plans
2. Types of financial milestones and performance indicators
3. Formulate financial plans aligned to overall organisational strategies.
4. Methods of identifying factors that may impact financial plans or budgets
5. Establish allocation of resources in accordance with organisational financial plans.
6. Review financial forecasts to anticipate changes in circumstances.
7. Assumptions and parameters of financial forecasts
8. Review draft budget in accordance with organisational guidelines.
9. Stakeholders to discuss and negotiate cost allocation and targets with
10. Monitor and evaluate actual figures against budget to identify and address variances.
11. Report findings, recommendations and options to relevant stakeholders for review in
accordance with organisational policies.
12. Means of communication of budget plans
Entry Requirements
Professional Qualification & Other Diploma
Course Details
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Note: To apply for this course, visit the SkillsFuture website or contact the training provider directly.
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