Course Description
This 5-day course provides a comprehensive overview of accounting and budgeting practices in the public sector. Participants will gain in-depth knowledge of financial management principles, budgeting techniques, and analysis methods specific to government and non-profit organizations.
Learning Objectives
- Understand fundamental public sector accounting principles and standards
- Master budget preparation, execution, and control processes
- Develop skills in financial statement analysis and performance measurement
- Learn best practices in public sector financial management and reporting
- Gain insights into emerging trends and challenges in public finance
Course Modules
Day 1: Foundations of Public Sector Accounting
- Introduction to public sector accounting
- Regulatory framework and accounting standards
- Accrual vs. cash basis accounting
- Chart of accounts and government financial systems
Day 2: Budgeting in the Public Sector
- Budget cycle and preparation process
- Types of budgets: line-item, program, and performance
- Revenue forecasting and expenditure planning
- Budget execution and control
Day 3: Financial Reporting and Analysis
- Government financial statements
- Fund accounting principles
- Financial ratio analysis for public entities
- Performance measurement and reporting
Day 4: Public Sector Auditing and Compliance
- Internal control systems
- Types of audits in government
- Compliance with laws and regulations
- Fraud detection and prevention
Day 5: Emerging Trends and Best Practices
- Digital transformation in public finance
- Sustainability reporting in the public sector
- Public-private partnerships and financial implications
- Case studies in public sector financial management
Practical Wins for Participants
- Ability to prepare and analyze public sector budgets
- Skills to interpret and present financial information to stakeholders
- Knowledge to implement effective financial control measures
- Insights to drive financial decision-making in public organizations
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
