Course Details
Course Outline
5 days course
Fundamentals of Public Sector Finance
- Basic Principles of Macroeconomic and Fiscal Policy
- Types of Public Sector Financial Decision-Making
- Purpose of Public Sector Accounting and Budgeting
- The Dimensions of New Public Management (NPM)
Financial Accounting Basics
- Basic Concepts in Financial Accounting
- Cash versus Accruals Accounting
- Qualitative Characteristics of Financial Statements
Financial Reporting in the Public Sector
- The IPSASB compared to the IASB Framework
- Distinctive characteristics of Public Sector Financial Accounts
- The Five Elements of Financial Statements
- Reporting Standards relevant to Public Sector Financial Reports
- Assets and Liabilities: Principles for Recognition and Measurement
- Nature and Classification of Public Sector Income and Expenses
- Principles of Public Sector Financial Management
Financial Analysis of Public Sector Accounts
- Understanding and Analysing Cost Behaviour
- The Cost-Volume-Profit Relationship
- Why Analyse Financial Statements
- The Financial Analyst’s Toolkit
- Interpreting Financial Ratio Analysis of Public Sector Reports
- Managing and Improving Spending Deficits
Public Sector Budgeting
- Setting Goals and Outcome Requirements
- Financial and Non-Financial Performance Measures
- Objectives of Public Sector Budgets
- Outcome focused Budgeting in the Public Sector
- Budget Layers
- Techniques for Forecasting Income and Costs
- Human Aspects and Dysfunctional Budgeting
- Principles of Capital Budgeting
Capital Investment Decision-Making
- Characteristics and Decision-Making Process
- Investment Appraisal Techniques
- Principles of Discounted Cash Flow Analysis
- Understanding Net Present Value (NPV)
- Outsourcing Services: Objectives and Decision Criteria
- PPI and PFI: Objectives and Decision Criteria
Public Sector Financial Management Reforms
- Understanding Public Sector Management Reforms
- The Need and Purpose of Financial Reforms
- Key Issues for the Future of the Public Sector
