Financial Management and Accounting in the Public Sector

Tools, Applications, and Cases

The impact of the global financial crisis on government funds has been significant, with squeezed budgets having to satisfy ever-increasing demands for public services. Managers working in the public sector are confronted daily with targets and demands that are often set in confusing accounting and financial language. This ACAE Financial Management and Accounting in the Public Sector, employs a clear and concise narrative to introduce the core concepts of accounting and financial management in the public sector and how to deliver services that represent value for money.

Participants will gain public financial management skills, a framework of information on financial legislation, structures and technologies in the public sector,  latest developments on current public financial systems, including new content on updated legislation and a series of features to contextualise key topics in public financial management.

Key Highlights

  • Tools for Financial Planning
  • Tools for Financial Implementation
  • Tools for Financial Reporting and Analysis

Training Objectives

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

  • Use forecasting tools and Determine forecast accuracy
  • Define a resource development issue
  • Estimate revenue shortage, Develop and Assess revenue options
  • Calculate total cost, average cost, direct cost, indirect cost, personnel cost, operating cost, and capital cost
  • Perform cost allocation
  • Use cost depreciation methods
  • Apply average cost to determine efficiency
  • Understand the concepts of present value, future value, time value of money, discount rate
  • Apply present value of cost and annualized cost in cost comparison
  • Understand fixed cost, variable cost, marginal cost, and incremental cost
  • Apply marginal cost, incremental and cost benefit analysis in decision making
  • Calculate the net present value and the benefit/cost ratio
  • Understand conditions to which a cost-benefit analysis applies
  • Determine proper indicators for monitoring  
  • Develop a cash budget and Determine an optimal cash balance
  • Use the optimal cash balance in cash management decision making
  • Understand key elements in the statement of net assets
  • Use the information in the statement of net assets in financial analysis 
  • Understand key elements in the statement of activities and Apply the information in the statement of activities in financial analysis
  • Use the information in fund-level statements in financial analysis
  • ​Explain relationships in financial condition analysis

Who Should Attend

​Professionals in Public accounting and finance 

  • 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

Compressed Program Outline ( Please Contact us for a Detailed Program Outline)

Revenue Forecasting
Resurce Development Analysis
Cost Estimation
Cost Comparison
Incremental Cost Analysis
Cost-Benefit Analysis
Financial Performance Monitoring
Cash Management: Determining the Optimal Cash Balance
Financial Reporting and Analysis: The Statement of Net Assets
Financial Reporting and Analysis: The Statement of Activities
Financial Reporting and Analysis: Fund-Level Statements
Financial Condition Analysis

Pioneers in Global Leadership and Quality Management 

Also available for 2 to 3 day durations as well as 10 to 30-day training durations In-House and Live online

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