Internal Controls (I): An Introduction to its Guidelines & Applications


Course Code:

NFIN5466

Start Date:

20 Jun 2019

Course Category:

Corporate Functions

End Date:

20 Jun 2019

Duration (hours):

8.00

Venue:

Social Service Institute

Application closing date : 16 May 2019

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Timetable
Course Date Day Start Time End Time
20 Jun 2019 Thursday 09:00 AM 06:00 PM

Fees
Name Fee (Excludes GST) Fee (Includes GST)
Course Fee (Before Funding) $ 650.00 $ 695.50
Nett Fee (after SSG funding) $ 195.00 $ 208.65
Overview:

The module engages the learner to recognise the importance of effective internal controls in Non-profits to ensure safe care of their assets and proper division of responsibilities among staff to avoid risks and conflict of interests. Learners will also learn about safeguards that a non-profit can employ to ensure that financial transactions are properly authorised, appropriated, executed and recorded.

Learning Outcome:

By the end of the course, participants will be able to:

1. Identify management’s responsibility for implementing effective internal controls

2. Explain internal control practices listed in the NCSS Guide on financial irregularities

3. Describe the components of a control environment when implementing internal controls

4. Describe control activities used to manage control weaknesses

Target Participants:

Target audience includes all financial and management professionals such as accountants, finance managers, finance controllers, centre heads, programme managers etc.


The skills and knowledge for this course, which the learner is assumed to possess, are as follows:

• Be able to listen and speak English at a proficiency level equivalent to the Employability Skills System Workplace Literacy (WPL) Level 6

• Be able to read and write English at a proficiency level equivalent to the Employability Skills System Workplace Literacy (WPL) Level 6

• Be able to use numeracy skills equivalent to the Employability Skills System Workplace Numeracy (WPN) Level 6

Trainer Profile:

Jessica Hong is a Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.

Her career with PricewaterhouseCoopers (PwC) has given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments.

She is on the panel of trainers for Institute of Singapore Chartered Accountants (ISCA) Business Ethics and Conduct, specialising in Anti Money Laundering and Anti Terrorism Financing topics, and Financial Reporting Standards.

Jessica is the resident trainer for SQP Financial Reporting in SAA Education Group Singapore and Risk Management series in Social Service Institute of Singapore.

Remarks:

Kindly note that this is a 8-hour full day course.

This course includes assessment components.
Assessment may be conducted during and/or after the course. As there is an assessment component for this course, grading and processing of results can only take place after course completion. Learners who pass the assessment(s) will be awarded with an electronic Certificate of Achievement from SSI. You will receive an email notification when your e-Cert is ready for download in your NCSS e-Services account.


This course is a pre-requisite to application to the following courses:

-Internal Controls (II): Implementing Internal Controls for Revenue to Receivable Process, including Fund-raising
-Internal Controls (III): Implementing Internal Controls for Procurement to Payment Process
- Internal Controls (IV): General Accounting, Fixed Assets, Inventory and Human Resource Management

Upon application/completion of this course, you may also like to apply for the above courses in the “Internal Controls” suite.

Fee Remarks:

SSG funding is available for Singapore Citizens and Permanent Residents only. For more information on SSG Training Grants, please visit:
SkillsFuture Singapore Funding.
SkillsFuture Credit.

VCF funding is available for foreigners who are staff of member VWOs of NCSS via Direct Training Application.

Terms and conditions apply. Applicants of above training grants should inform SSI upon submission of your application.

Enquiry:

SURANI Suraiza / Suraiza_SURANI@ncss.gov.sg / 65895557


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