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FINANCIAL
MANAGEMENT IN THE PUBLIC SECTOR
| Medium: |
In-house only |
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Location: |
In-house
- By Arrangement
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| Costs: |
On
application |
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Dates: |
By Arrangement
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DESCRIPTION
The content of Public Sector Finance
and Accounting programmes is agreed in consultation with respective
Finance and Human Resources teams and tailored to their needs. However,
as a guide, topics generally covered in such programmes include:
CONTENT
Topics covered in the workshop include the following:
- The
nature, purpose and scope of accounting
- Overview
of the financial management system of the organisation
- Accounting
principles and concepts as these apply to public
sector organisations
- Financial
and accounting terminology explained
- Difference
between cash accounting and accrual accounting
- The
accounting and reporting cycle
- Accruals and the accrual process
- The
principles of double entry (where appropriate)
- Reporting on results - Monthly Financial Reports, Statements of Comprehensive Income and Statements of Financial Performance
- Balance Sheets - Statements of Financial Position
- Cash
flow statements (where appropriate) and their relevance to budgeting
- Application
of accounting principles to the organisation's own accounting
and management information system
- The
planning and budgeting process
- The
budgeting cycle and management reporting
- Variance
analysis and control
- Interpreting
financial information and key performance indicators
- Capital
and operating expenditure and the need for accurate allocation
- Accounting
for assets, accounts payable and receivables
- Depreciation.
METHOD
The programme is interactive involving practical exercises
related to the management reports and accounts of the organisation
and the environment in which its staff operate.
- To
contact us about a customised in-house programme for presentation
on the site of your choice click here
- For
details of our public programmes click
here
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