Key details
Mode of delivery: Classroom-based
Course code: PS104A
Duration: 5 days
Fee: £3,755.00 + VAT
CPD Hours: 30
Course Overview
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.
Agenda
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
Target Audience
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.
Learning Outcomes
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.
Course dates
14th April - 17th April
4th August - 8th August
3rd November - 7th November