Public Sector Finance Essentials

This course will provide the knowledge and tools to understand the financial management of resources in the public sector. You will learn:

• The fundamentals of managing funds in the public interest.
• That budgetary control provides a formal basis for achieving specific plans.
• Project financial management is the methodology of managing resources effectively to achieve a project’s objectives.

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.

Managing Public Money

• Key requirements and concepts
• Fiscal and spending framework
• The virtuous financial management cycle
• Annual report

Public Sector Finance – Budgetary Control

• Objectives of budgeting
• Types of budgets
• Cost definitions and behaviour
• Budgetary control

Financial Management of Public Projects

• Building a case for a project
• Investment appraisal techniques
• Financing a project
• Phases of managing a project

Building Public Trust in Corporate Reporting

• What are users looking for?
• The key areas of reporting
• Fact checking

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 the basics of public financial management.
• Analyse the strengths and weaknesses of budget methodologies.
• Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.