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1. Title

  • Accounting and Finance for the Public Sector: (FINMP, 5 days)
    View PDF

2. Course Pre-requisites

  • Previous experience in a management or supervisory role

3. Target Audience

  • Public or private sector employees who want to understand the language of finance and the tools that are used to manage finances and budgets.

4. Dates and Pricing


2 People for Guaranteed Live or Virtual Delivery $3,350.00 per person

5. Outline

Module 1: Accounting Basics

Topic 1: What is Accounting?

Topic 2: Who uses Accounting Information?

Topic 3: The Basic Principles of Accounting

Topic 4: Overview of Financial Statements

Topic 5: Understanding the Standards: US GAAP vs IFRS

Topic 6: Delving into US GAAP

Topic 7: A Note on Financial Statement Quality

Module 2: The Basics of Financial Statements

Topic 1: About Accounting Processes

Topic 2: Understanding Double Entry Bookkeeping

Topic 3: Understanding the Fundamental Accounting Equation

Topic 4: Working with Debits and Credits

Topic 5: Relating Information to the Fundamental Accounting Equation

Topic 6: Working with the Journal and the Ledger

Topic 7: About Assets and Liabilities

Topic 8: Fixed Assets and Depreciation

Topic 9: About Cash and Non-Cash Items

Module 3: Exploring Financial Statements

Topic 1: Overview of Financial Statements

Topic 2: Understanding the Balance Sheet

Topic 3: Understanding MD and A

Topic 4: Understanding the Income Statement

Topic 5: Understanding the Cash Flow Statement

Topic 6: Putting it All Together

Module 4: Accrual Accounting and Budgeting

Topic 1: Applying Accrual Basis to the Public Sector

Topic 2: About Cash Based Accounting

Topic 3: Exploring Cash Based Accounting in the Public Sector

Topic 4: About Accrual Based Accounting

Topic 5: Exploring Accrual Based Accounting in the Public Sector

Topic 6: Accrual Based Accounting and Non-Cash Transactions

Topic 7: Exploring Pros and Cons of Accounting Methods

Module 5: Exploring Budgets

Topic 1: Budgets in a Public Sector Context

Topic 2: What is and is not a Budget

Topic 3: The Budget Lifecycle

Topic 4: Types of Budgets

Topic 5: Revenue Budgets vs Operating Budgets

Topic 6: Budget Purpose and Use

Module 6: Budgets by Type

Topic 1: Structure of an Operating Budget

Topic 2: Line-Item Budgets

Topic 3: Responsibility Center Budgets

Topic 4: Functional Budgets

Topic 5: What If Budgets

Topic 6: Other Budget Types

Module 7: The Budget Process

Topic 1: What is an Effective Budget Process?

Topic 2: Strategic Planning and the Budget Process

Topic 3: The Role of Forecasts and Budgets

Topic 4: About Controllable and Non-Controllable Costs

Topic 5: Basic Costing Tools and Definitions

Topic 6: Direct and Indirect Costs

Topic 7: Fixed and Variable Costs in Forecasts and Cost Calculations

Topic 8: Breakeven Cost Analysis

Module 9: Financial Concepts of Capital Budgets

Topic 1: About the Time Value of Money

Topic 2: Estimating Reasonable Expected Return

Topic 3: Calculating Net Present Value and Internal Rate of Return

Topic 4: About Payback Period and Discounted Payback Period

Topic 5: Determining Cash Flows for an Investment

Topic 6: Dealing with Replacement Projects

Topic 7: Factoring in Real Options and Conditional Scenarios

Topic 8: Capital Rationing and its Implications

Module 10: Capital Planning and Budgets

Topic 1: More on Capital Budgets?

Topic 2: About Depreciation: Straight-Line vs Accelerated

Topic 3: Factoring in Social Value

Topic 4: Distinguishing Capital Expenditures from Other Expenditures

Topic 5: About Capital Assets

Topic 6: Capital Planning and Budgets

Topic 7: Capital Improvement Plans

Topic 8: Making Decisions on Real Value

Module 11: Management Control

Topic 1: What is in Scope?

Topic 2: Exploring a Management-Control Framework

Topic 3: Understanding Risk and Risk Management

Topic 4: Understanding and Defining the Risks

Topic 5: Control Procedures and Policies

Topic 6: Protective and Facilitative Controls

Module 12: KPIS and Reporting

Topic 1: What is and is not a Key Performance Indicator?

Topic 2: Defining Financial KPIs

Topic 3: Implementing Intermediate Controls

Topic 4: Implementing End of Year Controls

Topic 5: Implementing Effective Reporting

Module 13: Closing Remarks

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