SETC Training844-434-7382
 Find a Course: 
Programming TrainingMicrosoft TrainingMS Office TrainingServer TrainingManagement TrainingNetwork TrainingAbout UsContact Us

Finance Training

The course was very helpful for my career. It opened up my eyes on how the web has evolved. I would recommend this course to my colleagues.
Comment from Canada Revenue Agency

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

SETC Training on LinkedIn follow @CTESTraining Follow us on Facebook
  Programming Training
  Microsoft Training
  Network Training
  Management Training
  Server Training
  Microsoft Office Training
Site developed and authored by Jean-Marc Choquette