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  • Effective Budgeting Skills

Effective Budgeting Skills

About Outline Instructors Testimonials
Domain:
Finance; Our Core Competencies
Content Type:
Classroom
Course Code:
CREBS13
Who Should Attend:
You are a Singapore Public Officer who is interested in finding out more about the principles of good budgeting in the public sector.
Programme Overview

Budgeting is at the core of control and coordination of resources and this makes it fundamental to the strategic outcome of any organisation.

In this programme, you will obtain insights into S.T.R.A.T.E.G.I.C budgeting, the core budgeting principles in the public sector. Budgeting in the public sector has moved beyond the simple allocation of funds, to an exercise where strategic interests are considered and budgeting principles adhered to. 

Through interesting case studies and discussions, you will learn how to put budgeting principles into practice.



Learning Outcomes
  • Describe budgeting and its purpose
  • Distinguish the different types of budgets
  • Explain the principles of a good budget
  • Budget for the organisation and department using relevant tools and techniques
Last updated:
  • Overview of Budgeting
    • What is budgeting
    • Purpose of budgeting
    • Types of budgets
    • S.T.R.A.T.E.G.I.C. Principled Budgeting
      • S - Systematic
      • T - Time-bound
      • R - Resource sensitive
      • A - Achieve results
      • T - Timely review and monitoring
      • E - Engage the stakeholders
      • G - Guide
      • I - Integrity and accountability
      • C - Cost management

  • A Look at International Budgetary Frameworks
    • Commonalities
    • Differences

  • Essential Budget Tools & Techniques Supporting S.T.R.A.T.E.G.I.C. Budgeting in the Public Sector
    • Common budgeting issues in the public sector
    • Common budgeting questions answered
    • Common mistakes in public sector budgeting
    • Common budgeting myths addressed
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Koh Gim Liong

Koh Gim Liong has worked in both civil service and private sector for more than 10 years before he made a career switch to training. His private and public sector experience is diversified and covers training, financial advisory, project management, ERP implementation, business process re-engineering, auditing, financial and operations management. He began his career as an auditor in an international accounting firm before joining the public sector as an accountant in the Accountant-General’s Department, Ministry of Finance. During his secondment to the Singapore Police Force, he was responsible for the finance operations and implementation of key financial initiatives. At the Ministry of Education, he was managing the operating budget section and evaluating budget proposals. Gim Liong also worked in a listed financial institution where he led the team responsible for accounting (covering operations, acquisitions and investment products). In the area of training, Gim Liong has conducted many workshops with learners from more than 10 countries. Over the past 12 years, he has been sharing his knowledge and experience in areas like financial advisory, accounting, investing, budgeting, procurement, outsourcing as well as the governance framework in the Singapore public sector. Gim Liong graduated from Nanyang Technological University. He is a Chartered Accountant of Singapore (CA Singapore) as well as a Chartered Financial Analyst (CFA) holder. He also holds several finance-related certificates in insurance and investments (awarded by the Singapore College of Insurance) as well as the Advanced Certificate in Training and Assessment (Facilitated Learning) (awarded under the Singapore Workforce Skills Qualifications System). He is an Associate Adult Educator, a recognition given by the Institute of Adult Learning to established educators who have demonstrated significant experience in training delivery and assessment. He is also a certified Enneagram and NLP Executive Coach.


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Chen Shian Jan

Shian Jan started his career with the Accountant-General's Department (AGD) and was later posted to the Ministry of Finance (MOF) headquarters. He was extensively involved in various aspects of Public Financial Management during his service in the Singapore Public Service. This included the administration of the Government's central accounting system, preparation of the annual Government financial statements, budgetary allocation for several ministries, and formulation of public service-wide policies such as financial management and government procurement in the Instruction Manuals, protection of Singapore's reserves, Budgeting for Results and Managing for Excellence (MFE).Shian Jan graduated from the National University of Singapore and is currently a non-practising Chartered Accountant. He also holds an Advanced Certificate in Training and Assessment (Facilitated Learning) by the Singapore Workforce Skills Qualification (WSQ) system, as well as the WSQ Diploma in Adult and Continuing Education (DACE). Shian Jan was also awarded the Commendation Medal (Pingat Kepu-jian), 1999 National Day Award. As an associate trainer, he had received the Trainer Excellence Award 2013 from the Civil Service College. 


"Dry course but trainer pulled it off really well & stirred my interest 110%."

"Trainer is knowledgable and shares useful information with the participants."

"Ample examples and real cases illustrated to relate back to course contents."

"Group activities allow students to interact and understand how other SB / Ministry carry out their budgeting."


16.00 hours
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