SkillsFuture Singapore (SSG)

This unit covers determining financial needs, formulating financial plans, establishing resource allocation, reviewing financial forecasts and budgets, as well as monitoring the budget and reporting findings to relevant stakeholders.

1. Determine short and long term financial needs to assess current financial situation.

2. Types of financial milestones and performance indicators

3. Formulate financial plans aligned to overall organisational strategies.

4. Methods of identifying factors that may impact financial plans or budgets

5. Establish allocation of resources in accordance with organisational financial plans.

6. Review financial forecasts to anticipate changes in circumstances.

7. Assumptions and parameters of financial forecasts

8. Review draft budget in accordance with organisational guidelines.

9. Stakeholders to discuss and negotiate cost allocation and targets with

10. Monitor and evaluate actual figures against budget to identify and address variances.

11. Report findings, recommendations and options to relevant stakeholders for review in
accordance with organisational policies.

12. Means of communication of budget plans

Professional Qualification & Other Diploma

Not Specified