Public Sector Finance Excellence

This course provides an understanding of the concepts and strategy relating to the effective management of public sector finances. You will learn:

• That Strategic financial planning assists organizations to achieve value for money.
• That Financial management is the process of using funds effectively, efficiently and transparently by a combination of procedures, methods, rules of conduct and standards.
• The key challenges in the financial management of the public sector.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Public Sector Finance Strategy

• Linking organizational strategy to financial strategy
• Interaction between short-term and long-term strategy
• Stakeholder analysis
• Corporate governance

Public Sector Financial Management

• Effective financial management
• Regulatory framework for financial accounting
• Assessing financial performance
• The role of treasury management

Challenges in Public Sector Financial Management

• Improving financial management
• Pressures on public finances
• Cost reduction
• Allocating resources

Putting finance at the heart of decision-making

• The structure of financial leadership
• Enablers of improvement in financial information
• A model – The UK Financial Management Reform Programme

Course Review

• Summary and recap of key learning objectives
• Action Planning

This course is suitable for:

• New entrants to the public sector.
• Staff with some practical experience but with no financial qualifications.
• Non-financial staff in the public sector who need to understand the basics of financial management.

Upon completion of this course, you will understand:

• How public sector organizations are accountable to their stakeholders.
• Why it is more important to show how well public money has been spent rather than just how it is spent.
• Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.