Fund Management and Strategic Financial Management
for NGOs
Objective
To empower aspiring or newly appointed financial professionals with technical skill-sets and management insights
Course Requirement
Due to the course nature, the course is not suitable for NGO staff at Level 1
Classification of Financial Professionals (based on role and responsibility)
Level 1 : Basic accounting functions: data entry, simple accounting book closing: ledger, journal entries, petty cash handling, checking accounting entries and records, procurement, etc.
Level 2 : Full set of accounting function: Accounting role up to the closing of a centre’s accounting books including the preparation of financial statements and schedules for external audit and SWD compliance, participating in the preparation of the centre’s budget result for comparison and investigation.
Level 3 : Full financial accounting function up to the agency level: Write up books and accounts for the statutory audit and annual compliance for government departments, like SWD & EDB. To discharge the role properly, some financial management knowledge and techniques are needed to be equipped with, like break-even analysis, relevant costs for decisions and pricing decisions, etc.
All Levels 1, 2 and 3 draw reference to NGOs’ financial management environment
Contents
An Overview of NGO’s Fund Management
To review the existing investment vehicles and constraints in NGOs
To explore alternative investment opportunities for better fund management
To write up effective investment strategies, policies and guidelines for NGOs
Strategic Financial Management Roles and Requirements in NGOs
To build the strength and competency of financial and accounting team through leadership and management skills
To integrate and interface with services on how to create a better strategic financial management function in NGOs
To master good practices on the roles and requirements of financial professionals in NGOs
Pre-training survey: Upon confirmation of enrolments, participants are invited to send their daily problematic areas or issues of handling their accounting/financial job for peer learning during the class
Course Details
Course Code: 19B-C03
Date: 12 June 2020 (Friday) [Revised]
Time: 0930 – 1800 (7 hours)
Venue: Duke of Windsor Social Service Building, 15 Hennessy Road, Wanchai, Hong Kong
Target Participants: Financial professionals responsible for accounting and financial operations of subvented and / or non-subvented services of NGOs
Class size: 30
Language: Cantonese (supplemented with English), Handouts will be in English
Fees: $1,340,
$1,240 (Fees for HKCSS Agency Member Staff Only),
Early Bird Fee: $1,070 (Payment received on/before 22 May 2020for HKCSS Agency Member Staff Only)
Those who have completed HKCSSI’s Certificate in Accounting Practice and Financial Management for Accounting Staff in NGOs (14B-C15 to C18 / 17B-C02 to C05) will take priority.
Applications from target participants who can meet the above two selection criteria will also be processed on a first come, first served basis.
*In response to the novel coronavirus, in order to avoid delays in application, please use member portal (institute.hkcss.org.hk/login/) for registration if possible. If you would like to apply by post, please send the completed application form to HKCSS Institute by email ([email protected]) in advance. Thank you!
Mr Steve Lam 林志輝先生 BSc (Econ), MBA, FCMA, CPA (Aust), FCPA
Deputy Director (Finance & General Administration)
Hong Kong Society for the Protection of Children
Mr Steve Lam is responsible for the areas of Agency’s finance, accounting, general administration and information technology. He has fruitful experiences in dealing with practical financial issues of social service organisations. With his experiences in the financial profession of over 25 years and in the social welfare sector, he is able to provide insights to NGO staff in topics relating to financial management. Prior to joining HKSPC, he was the Finance Manager of an NGO and had already possessed enormous experience in financial and management accounting, financial management and taxation in the commercial sector. He is also an experienced instructor in many similar training courses for social work professionals. Steve is a popular speaker in many NGO seminars relating to financial management. He currently holds the qualifications of Certified Public Accountant, Chartered Management Accountant and Certified Practicing Accountant (Australia).
