Course Description

Module Coverage

1. Effective Resource Allocation 

i. Charity’s stakeholders & expectations

ii. Key aspects to consider 

2. Strategic Financial Planning 

i. Importance of strategic and financial planning for charities 

ii. Negative case examples

iii. Role of the Board

iv. Strategic planning vs. annual planning and project planning

v. Key elements of a successful strategic plan: stakeholder engagement, fundraising strategy and financial stability

3. Budgeting and Forecasting Techniques

i. What is budgeting 

ii. Goals and benefits of budgeting 

iii. Governance structure and processes

iv. Components of a robust budget package

v. Common reasons for ineffective budgeting 

vi. What is forecasting and what are the benefits

4. Cash Flow Management and Reserve Policies

i. Importance of cash flow budgeting and forecasting 

ii. Importance of building reserves 

iii. Types of reserves

iv. Reserve policy and role of the Board

5. Dealing with Financial Management Challenges (Budget Cuts and Tracking Issues)

i. Tracking of programme performance 

ii. Cost rationalisation

iii. Limited funding sources

iv. Internal controls 

Instructor Image

Sovann Giang

Senior Director & Deputy Industry Lead - Not-for-Profit Practice, RSM SG Assurance LLP

Sovann advises and conducts training for boards on corporate governance, listing rules, enterprise risk management, climate-related disclosures and sustainability reporting, charity governance and regulations, and family business governance and succession planning.He has many years of experience serving as both executive director and independent director of listed companies. His board experience includes service as non-executive chairman, lead independent director, chairman of audit and risk committee, chairman of remuneration committee, and member of nominating committee. He is also chairman of the audit committee and member of the risk oversight committee of two banks, and board member and audit committee chairman of a large charity.Sovann was the Executive Director of the Singapore Institute of Directors where he also sat on the Organising Committee of the Singapore Corporate Awards, and co-managed the Best Managed Board Award for Singapore-listed companies.Sovann teaches at the Singapore Management University (SMU), Singapore University of Social Sciences (SUSS), Social Service Institute, and Institute of Singapore Chartered Accountants (ISCA). In addition, he has written multiple articles on corporate governance, internal control and risk management, effective corporate oversight, and sustainability reporting.
Instructor Image

Valerie Lim

Associate Director, RSM SG Assurance LLP

Valerie has more than 20 years of audit experience in both the private and public sectors (e.g. statutory boards and social enterprises), specialising in the audit of financial statements, internal audit, operations audit, Control Self-Assessment (CSA), and Sarbanes-Oxley. Her expertise in procurement operations adds value to her audit experience, as it has provided her with exposure to various aspects of business operations, enhanced her business acumen, and deepened her understanding of processes.Prior to joining RSM, Valerie led procurement operations and worked as an in-house internal auditor at the National Environment Agency, Verigy Limited, PricewaterhouseCoopers, Deloitte & Touche, and BDO International. Her regional experience includes China, Hong Kong, Japan, Taiwan, and the USA.Since joining RSM, Valerie has been involved in internal audit projects for social enterprises, companies receiving grants from the government, and statutory boards. These projects have covered processes such as Procurement to Payment, Facilities Management, Contract Management, Operational KPIs, Budgetary and Cash Flow Management, Revenue, Tenancy Management, Business Continuity Planning, HR & Payroll, PDPA, Cash Management, and Leasing Operations.
Instructor Image

Lim Shir Li

Manager, RSM SG Assurance LLP

Course Rating

Speaker's Rating

1.5 CPE Hours

Lesson

2

Quizzes

1

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