Essential Budgeting (Intermediate)


Course Overview


Creating a budget is not just an exercise to the managers of the company but it is an important tool that helps an organisation make comprehensive plans for its operational and financial goals. It may be used for controlling as well as evaluation purposes as well.

Another aspect of budgeting known as Capital budgeting is an appraisal process of projects and investments. It is used to determine if an organisation’s long term investments such as replacement of machinery, research and development projects are worth the funding of cash through the organisation’s capitalization structure.

These are key areas that a modern manager needs to understand the financial implications of their day–to-day decisions and its impact on the business itself.

This course adopts a step-by-step approach for participants to understand as well as prepare the operational and financial budgets, as well as to make capital decisions through the use of simple case studies. Throughout the course, the participants may work in groups by way of discussions or activities.

By the end of this two-day course, the participants will be able to prepare as well as interpret budgetary figures for planning, control purposes as well as for decision making.



At the end of this course, participants will be able:

  1. Describe the purpose and explain the importance of budgeting
  2. List the benefits and limitations of budgeting
  3. Explain the importance of and identify the principal budget factors in preparing a budget
  4. Explain the behavioural aspects of budgeting
  5. Describe the process involved in budgeting and to prepare the master budgets
  6. Explain the major features and advantages of a master budget
  7. Describe and differentiate the different categories of operating budget
  8. Prepare the operating budget and its supporting schedules
  9. Prepare a budgeted income statement
  10. Describe and differentiate the different categories of a financial budget
  11. Prepare the financial budget and its supporting schedules
  12. Prepare a cash budget
  13. Describe and apply the tools and concepts of financial analysis: time value of money, present value, future value and required rate of return
  14. Apply the following capital budgeting techniques/selection criteria to evaluate investment proposals
    • Net present value
    • Internal rate of return
    • Payback period
    • Discounted payback period
  1. Apply the various techniques/criteria in selection of mutually exclusive and independent projects
  2. Recognize the limitations of capital budgeting


Please Note:

A minimum of 75% attendance will be required for you to complete the programme and receive your certificate.

Target Participants

Management, HODs, Finance/Admin personnel or anyone who is in-charge of budgeting in VWOs.

Programme Managers, Programme Co-ordinators, Programme Executives and Case Workers in the Intermediate and Long Term Care (ILTC) sector who may be required to prepare financial budgets at work.

Course Details

Date/ Time

18 – 20 Sept 2024

Day 1 – 2 (Time : 9am to 5pm)
Day 3 (Time : 9am to 1pm)


Kwong Wai Shiu Hospital
705 Serangoon Road
Singapore 328127

Course Trainers

KWSH is delivering the course in partnership with Republic Polytechnic.

Ms Linda Liew

Senior Lecturer, Republic Polytechnic

Ms Linda Liew is currently the Senior Lecturer of Republic Polytechnic. Prior to joining Republic Polytechnic, Linda has worked for several banks (both local and global banks) in various capacities. In her banking career, she had the opportunity to lead branches in Consumer Banking and was also a Corporate Banker servicing both local and foreign clients in addressing their banking and financial needs. She was also actively involved in Investment Banking in an Offshore Bank.  Linda has been facilitating Accounting and Finance related modules in Republic Polytechnic (RP) for almost a decade now, using RP’s unique One-Day-One- Problem (ODOP) Problem Based Learning (PBL) approach. She is the recipient of the Outstanding Facilitation Award in 2013/ 2014 . Currently she sits on the Certification for Facilitation Panel in RP, and is also a Certified Problem Crafter since 2012.

Mr Benjamin Leow

Senior Lecturer, Republic Polytechnic

Mr Benjamin Leow is currently the Senior Lecturer of Republic Polytechnic.  Benjamin has been teaching in Republic Polytechnic for 9 years, teaching both Finance, Accounting and CET Modules. He also has relevant industry experience with accounting firm PricewaterhouseCoopers LLP before joining RP.

He currently holds the following academic qualifications:

  1. Bachelor in Accountancy (BAcc) (Singapore Management University)
  2. Masters in Science (Finance) (MSc, FIN) (Honours) (University of Dublin)

Alan Seow

Lecturer, Republic Polytechnic

Alan Seow is a CET trainer for Management Accounting in Republic Polytechnic. Prior to joining Republic Polytechnic, he worked for 6 years in the Banking and Financial Services sector. He has worked at various banks as well as a real estate investment trust and specialises in Investment and Advisory, Corporate Banking, Fund Management (Real Estate Investment Trusts) and Risk Management.

Yeo Li Ling

Senior Lecturer, Republic Polytechnic

Li Ling began her career in auditing with accounting firm Ernst and Young before she decided to make a change in her career path in education. Prior to joining Republic Polytechnic, she was teaching as a lecturer specializing in Financial Accounting, Auditing and Finance subjects in The Association of Chartered Certified Accountants (ACCA) professional courses. During this period, she was teaching in both Singapore as well as other South East Asian countries such as Vietnam and Cambodia where she had opportunities to conduct lessons for the local auditors in the “Big Four” International Accounting firm.

With 15 years of teaching experiences, Li Ling is currently lecturing Accounting and Finance related modules in Republic Polytechnic.

Susan Chung

Associate Lecturer, Republic Polytechnic

Susan’s passion in accounting and all things financial, coupled with her love of sharing knowledge and experience are the driving forces behind her pursue of excellence in the lecturing profession.  Susan’s lecturing experience extends beyond Republic Polytechnic in Singapore to international schools in China.  Susan is also an accounting consultant.

Prior to lecturing, Susan was an auditor for 12 years.  She led teams in external audits of private limited and public-listed companies with revenue of up to S$100M.  In internal audit, Susan headed her department in compliance and operational audits, as well as investigations of malpractices.

Susan received her Accountancy degree from The University of Newcastle, Australia and is a member of CPA Australia.

Janet Ng

Associate Lecturer, Republic Polytechnic

Janet Ng has worked in public listed and multinational companies before joining Republic Polytechnic as an Associate Lecturer. During her time in the Telecommunications and Broadcasting industry, she has championed personal appraisal project with HR and IT, and worked closely with different key business partners during budget and forecast planning process to aid higher management in strategic decisions.

She is currently lecturing Accounting and Finance modules in Republic Polytechnic.

Course Fees: $285.00 (excluding GST)

Prevailing course fee subsidy at 90% for Singaporeans/ PRs and 45% for foreign staff working in eligible community care organisations.

Please register for the course via AIC Learning Management System (LMS 2.0).

Contact us:

(65) 6422-1300