The main objective of this course is to give delegates a good understanding of public sector financial management. By the end of the training delegates will have acquired the following skills;

• The financial planning cycles of government and other public sector organizations
• How to understand and interpret financial information Basic accounting concepts
• The elements of sound financial management in public sector organization
• Resource allocation and costing
• Budgeting in organizations
• Budget reallocation and cuts
• Cash forecasting
• Management control
• Elements of financial accountability both within public sector organization and outward to the public
• Reporting
• Accountability
• Internal and external oversight
• Financial Management of Donor funded projects

Main Training Modules

 Becoming a Financially Literate Manager in Government & other public sector Organizations.

• Financial Management in the Public Sector Context
• The public sector financial landscape
• The Financial Management Framework
• Financial literacy – personal and organizational

 Accountability and Risk: Key Concepts in Framing Financial Management

• Nature of public sector accountabilities and views of risk: public versus private?
• Architecture of accountability in the financial management context
• Conceptual framework for risk
• Risk management – concept and process
• The concept of financial risk.
• Risk in operations and financial control

Public Sector Accounting Principles/Accrual Budgeting and Accounting and Accrual Accounting and Budgeting

• Defining accounting – and some history
• Financial accounting and management accounting
• Users of accounting information: internal and external
• Accounting standards: GAAP/IFMS – basic principles
• Understanding the cash and accrual basis for accounting
• Key definitions in accounting statements

Understanding and Using Financial Statements Financial Statements

• Double entry accounting
• Accounting Cycle
• The fundamental accounting equation
• Journal and ledger functions: getting numbers right
• Debits and credits, T-accounts

• Core financial statements:
• Balance Sheet/ Statement of financial position
• Income Statement/ Statement of operations
• Cash Flows
• Changes in Net Debt
• Management Discussion and Analysis
• Relationship of Financial Statements to external reporting and internal use.

Course Booking

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