The Interdependency of the Strategic Plan and the Financial Plan

Understanding the organisation, mission, vision and strategy

Venue: Online via Zoom

22 & 23 Mar 2023
Day 1: 9:00 am to 5:00 pmDay 2: 1:00 pm to 5:00

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:

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

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

22 & 23 March 2023Day 1: 9:00 am to 5:00 pmDay 2: 1:00 pm to 5:00 pm

SEMINAR FEES & FUNDING

Save up to $324 by reserving your seats before 12 Mar!

New Item
AFTER EARLY BIRD
  • Standard Fee$1,944
    VWOs-Charities Capability Fund Training Grant$944*
    Community Care Training Grant$194.40**

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.