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


Dates and Pricing


Jan 8 to Jan 12, 2018$3,350/person Feb 5 to Feb 9, 2018$3,350/person Mar 5 to Mar 9, 2018$3,350/person

Outline

Accounting Basics
What is Accounting?
Who uses Accounting Information?
The Basic Principles of Accounting
Overview of Financial Statements
Understanding the Standards: US GAAP vs IFRS
Delving into US GAAP
A Note on Financial Statement Quality
The Basics of Financial Statements
About Accounting Processes
Understanding Double Entry Bookkeeping
Understanding the Fundamental Accounting Equation
Working with Debits and Credits
Relating Information to the Fundamental Accounting Equation
Working with the Journal and the Ledger
About Assets and Liabilities
Fixed Assets and Depreciation
About Cash and Non-Cash Items
Exploring Financial Statements
Overview of Financial Statements
Understanding the Balance Sheet
Understanding MD and A
Understanding the Income Statement
Understanding the Cash Flow Statement
Putting it All Together
Accrual Accounting and Budgeting
Applying Accrual Basis to the Public Sector
About Cash Based Accounting
Exploring Cash Based Accounting in the Public Sector
About Accrual Based Accounting
Exploring Accrual Based Accounting in the Public Sector
Accrual Based Accounting and Non-Cash Transactions
Exploring Pros and Cons of Accounting Methods
Exploring Budgets
Budgets in a Public Sector Context
What is and is not a Budget
The Budget Lifecycle
Types of Budgets
Revenue Budgets vs Operating Budgets
Budget Purpose and Use
Budgets by Type
Structure of an Operating Budget
Line-Item Budgets
Responsibility Center Budgets
Functional Budgets
What If Budgets
Other Budget Types
The Budget Process
What is an Effective Budget Process?
Strategic Planning and the Budget Process
The Role of Forecasts and Budgets
About Controllable and Non-Controllable Costs
Basic Costing Tools and Definitions
Direct and Indirect Costs
Fixed and Variable Costs in Forecasts and Cost Calculations
Breakeven Cost Analysis
Financial Concepts of Capital Budgets
About the Time Value of Money
Estimating Reasonable Expected Return
Calculating Net Present Value and Internal Rate of Return
About Payback Period and Discounted Payback Period
Determining Cash Flows for an Investment
Dealing with Replacement Projects
Factoring in Real Options and Conditional Scenarios
Capital Rationing and its Implications
Capital Planning and Budgets
More on Capital Budgets?
About Depreciation: Straight-Line vs Accelerated
Factoring in Social Value
Distinguishing Capital Expenditures from Other Expenditures
About Capital Assets
Capital Planning and Budgets
Capital Improvement Plans
Making Decisions on Real Value
Management Control
What is in Scope?
Exploring a Management-Control Framework
Understanding Risk and Risk Management
Understanding and Defining the Risks
Control Procedures and Policies
Protective and Facilitative Controls
KPIS and Reporting
What is and is not a Key Performance Indicator?
Defining Financial KPIs
Implementing Intermediate Controls
Implementing End of Year Controls
Implementing Effective Reporting
Closing Remarks