Budgeting For Charities

Course Code:

NFIN5450

Course Category:

Corporate Functions

Duration (hours):

8.00


Fees (Please note that the fees listed are for your reference only. The final course fee may vary.)
Name Fee (Excludes GST) Fee (Includes GST)
Nett Fee (after SSG funding) $ 55.00 $ 58.85
Course Fee (Before Funding) $ 550.00 $ 588.50

Overview:

Charities should regard budget preparation as the joint responsibility of finance and non-finance staff. Each group brings their own areas of knowledge and expertise which contribute to creating realistic and informed budgets. This course will equip the learners with budgeting skills needed to develop a realistic budget that helps Charities fund their programmes and initiatives in accordance with the financial standards. Learners will also learn on effective budgeting and the challenges of putting together robust budgets.

Target Participants:

Target audience includes all financial and non-financial experts with responsibility to manage and control financial resources, such as head of departments, managers, directors and those aspiring to start a new charity.
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

Learning Outcome:

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

1. Identify a charity’s financial statements and its components

2. Describe the process of budgeting in a charity

3. Prepare a simple budget for the charity

Remarks:

Mode of delivery:
Please note that this course will be conducted online via Zoom (click to learn more about Zoom). Successful applicants will be able to access and download course materials from LearningCloud upon course confirmation. They will also be given the URL to join the Zoom course session with a unique password via email. Participants will be required to use their Name (as per NRIC) as the Zoom ID to be given access to the Zoom course session and will have to enable video view while the session is in progress.

As part of SSG's requirements, the training session(s) will be recorded for audit purposes. Please ensure that your camera is turned on throughout the session(s). By agreeing to attend this course, you are deemed to have consented for your participation to be recorded.

Assessment will be scheduled face-to-face held at SSI resumes. Successful applicants are required to sit for the assessment on a separate day, to be further advised by SSI.

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.

Learners are required to bring a Calculator for Assessment and a sample deck of Financial Statements.

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.

Trainer Profile:

Mr Suhaimi Salleh is CEO of a consulting/accounting firm providing professional management consulting, training, auditing and accounting services to corporate and individual clients. He has more than 30 years of post-graduate experience in audit, accounting, financial management, corporate planning and human resource management. Mr Suhaimi has vast experience conducting training and consulting assignments for major private and public sector organizations and facilitates SSTI’s “Financial Accounting and Application for Non-Finance Professionals for NPOs”. Mr Suhaimi is also active in the NPO and charity sector, serving in government, academic and non-profit organisation committees such as the Charity Council, Ngee Ann Polytechnic, Institute of Management Consultants and PMBM Scholarship Fund Board.


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