This Training emphasizes the application of budgeting and financial management tools in the real world. Its goal is to familiarize Participants with the application of analytical tools to resolve financial management and budgeting issues faced in the public sector.

The important focus is to provide a comprehensive briefing on the fundamental principles and key functions in the continuously developing sphere of public sector finance. Non-financial public sector employees and managers are regularly required to both provide input to the budget process and respond to information presented in departmental financial reports.

 This training course will provide a useful practical introduction for the non-financial manager as well as an invaluable refresher and update for finance professional working in the public sector. This training also incorporates a vital update on International Public Sector Accounting Standards Board (IPSASB) standards as well as recent developments in the field of New Public Management, specifically focusing on the reasons for and approaches to New Public Financial Management.

Key Highlights

  • The context for public sector financial decision-making
  • The distinctive characteristics of public sector financial statements
  • Analysing and interpreting public sector financial reports
  • The objectives and methodology of public sector budgeting
  • Capital investment appraisal and outsourcing decisions
  • Public Private Partnerships (PPP) and Private Finance Initiatives (PFI)
  • Public sector management reforms

Training Objectives

By the end of the course, participants will be able to:

  • Understand the role of financial accounting in public sector management
  • Prepare accounts in accordance with IPSASB framework
  • Analyze 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 training course is suitable to a wide range of professionals but will greatly benefit

  • Public Sector Purchasing and Procurement Managers
  • Departmental Budget Holders
  • Financial Accounting Team Members
  • Finance Managers
  • Planning Managers
  • Public Sector Budget Accountants
  • Assistants to Ministry and Departmental Officials

Key Topics include ( Please Contact us for a Detailed Program Outline)

Fundamentals of Public Sector Finance 
Financial Accounting Basics
Financial Reporting in the Public Sector 
Financial Analysis of Public Sector Accounts 
Public Sector Budgeting 
Capital Investment Decision-making 
Public Sector Financial Management Reforms