ABOUT THE SEMINAR
Understanding the organisation, mission, vision and strategy:
- Where are we now?
- Where do we want to be?
- How are we going to get there?
Determine the financial implications of strategic plan by examining ‘how are we going to get there?’ and the associated risks.
Formulating the organisation’s financial strategy by:
- understanding current business model (sources of income and expenses, reserves)
- determining the resources required to implement the strategic plan
- tabulating the financial resources required and its impact on the reserves
- identifying the financial risks
Once the financial implications of the organisation are established, the senior management and board need to adjust their business model and operations, strategic plans to ensure the organisation’s medium and long term sustainability.
WHAT YOU WILL LEARN
- Prework to review organization’s mission, vision, strategic plan, financial position (sources of income, types of expenditure, and reserves), and other available and resources required for future work plans.
- Building the organisation’s financial strategy by:
i) Understanding the organisation strategic plan
- Translating organisation’s strategic plan into future work plans
- Determining the resources required for the organisation current and future work plans
- Working out the financial implications of these future work plans
ii) Financial implications of the strategic plan
- Understanding the organisation’s current business model
- Understanding the cost involved in implementing the future work plans
- Understanding how the future work plans may affect the organisation’s cashflow
SEMINAR HIGHLIGHTS
Led by Dr Isabel Sim, editor of the series of Accounting and Finance Handbooks for Charities, and lead author for Accounting for Good – Helping Charities Do Good Better, a project in collaboration with NUS and ISCA.
Understanding the organisation, mission, vision and strategy
Determine the financial implications of strategic plan
Formulating the organisation’s financial strategy
Pre-approved VCF funding of up to 80% available for charities.
WHO SHOULD ATTEND
Senior management, Finance Team, Head of Fundraising, Programme HODs, Board members, Finance Subcommittee and Programme Subcommittee
DATES AND TIMES
9 December: 9:00 am to 5.00 pm10 December: 1:00 pm to 5:00 pm
SEMINAR FEES & FUNDING (Including GST)
Standard Fee: S$1962
Early Bird (Till 20 June): S$1853
Group discount (3 pax): S$1635
CCF (-$1k after GST) & CCTG Applicable (90% off)
All prices stated include GST.
*Up to 80% seminar fee funding for NCSS member agencies
**Up to 90% seminar fee funding for AIC approved organisations to be claimed directly from AIC. (Full payment is required from participants at the time of registration.)
For details and funding eligibility, please consult with your HR department. Kindly note that we, as the training provider, are unable to assist with inquiries related to this funding.
ABOUT THE FACILITATOR
Dr Isabel Sim
Dr Isabel Sim is the principal consultant at Integrative CSR Consulting. She was formerly Senior Research Fellow, Department of Social Work, Faculty of Arts and Social Sciences, National University of Singapore as well as Director (Projects), Centre for Social Development (Asia). She served as Head of Corporate Governance Practice, Centre for Governance, Institutions and Organisations (CGIO) and Senior Lecturer, Department of Strategy and Policy, NUS Business School from 2012 to 2014.
She obtained her PhD in finance from The University of Western Australia in 2011. She is the editor of the series Accounting and Finance Handbooks for Charities including Budgeting and Cash Flow Management, Fund Accounting for Charities, Full Cost Recovery for Charities and Cost-Effective Audit for Charities. She is also the lead author for Accounting for Good – Helping Charities Do Good Better, a project in collaboration with NUS and ISCA. Besides extensive experience in applied research in the charity sector, Dr Sim has more than 15 years of experience in teaching working adults. She has taught accounting, corporate governance, finance, and economics subjects in MBA, EMBA, and other professional programmes.