Best Practice in Public Sector Budgeting
INTRODUCTION
A local government budgeting is an essential responsibility for public administrators, one that requires both financial and political skills. During the budget process, administrators need to consider financial limitations and constituents interests, among other factors, while also ensuring accountability and transparency in the final document.
Public sector budgeting is essentially about making the right spending choices for the public in terms of service provision and infrastructure development.
The course covers all aspects of the budget process, from budget formulation to implementation, including budget monitoring and the control.
The course will equip delegates with the skills and knowledge needed to ensure budgets are robust and deliver the right outcomes for the public.
OBJECTIVES
By the end of the Best Practice in Public Sector Budgeting Course you will be able to:
Understand the role of financial accounting in public sector management
Prepare accounts in accordance with IPSASB framework
Analyse and interpret public sector financial reports
Use forecasting techniques to plan for income and expenses
Understand and actively participate in the budget process
Understand apply capital investment appraisal methods
WHO SHOULD ATTEND ?
This Best Practice in Public Sector Budgeting Course Ideal for:
This training course would be relevant to all of those involved in the preparation, presentation and interpretation of corporate financial statements from both the private and public sector where compliance with the IASB and IFRS framework is required; both in commercial businesses, government and not-for-profit organizations.
COURSE OUTLINE
Day 1
Fundamentals of Public Sector Finance
Basic Principles of Macroeconomic and Fiscal Policy
Types of Public Sector Financial Decision-Making
Purpose of Public Sector Accounting and Budgeting
The Dimensions of New Public Management (NPM)
Financial Accounting Basics
Basic Concepts in Financial Accounting
Cash versus Accruals Accounting
Qualitative Characteristics of Financial Statements
Day 2
Financial Reporting in the Public Sector
The IPSASB compared to the IASB Framework
Distinctive characteristics of Public Sector Financial Accounts
The Five Elements of Financial Statements
Reporting Standards relevant to Public Sector Financial Reports
Assets and Liabilities: Principles for Recognition and Measurement
Nature and Classification of Public Sector Income and Expenses
Principles of Public Sector Financial Management
www.lpcentre.com
Day 3
Financial Analysis of Public Sector Accounts
Understanding and Analysing Cost Behaviour
The Cost-Volume-Profit Relationship
Why Analyse Financial Statements
The Financial Analyst s Toolkit
Interpreting Financial Ratio Analysis of Public Sector Reports
Managing and Improving Spending Deficits
Day 4
Public Sector Budgeting
Setting Goals and Outcome Requirements
Financial and Non-Financial Performance Measures
Objectives of Public Sector Budgets
Outcome focused Budgeting in the Public Sector
Budget Layers
Techniques for Forecasting Income and Costs
Human Aspects and Dysfunctional Budgeting
Principles of Capital Budgeting
Day 5
Capital Investment Decision-Making
Characteristics and Decision-Making Process
Investment Appraisal Techniques
Principles of Discounted Cash Flow Analysis
Understanding Net Present Value (NPV)
Outsourcing Services: Objectives and Decision Criteria
PPI and PFI: Objectives and Decision Criteria
Public Sector Financial Management Reforms
www.lpcentre.com
Understanding Public Sector Management Reforms
The Need and Purpose of Financial Reforms
Key Issues for the Future of the Public Sector
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
LONDON
Oxford Street Offices: London - Oxford Street
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
25 N Row, London W1K 6DJ
T: +44 (0) 20 80 900 464
CERTIFICATES
West London Office: 47 49 Park Royal Road
London NW10 7LQ
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
T: +44 (0) 20 80 900 464
E: info@lpcentre.com
DUBAI Business Bay - Marasi Drive
Churchill Tower commercial 1, Office 107
T: +971 4 421 4616
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
KUALA LUMPUR
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds.
For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
T: +60 19-305 5694
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
www.lpcentre.com
www.lpcentre.com