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- Simple moving average (SMA)
- Exponential smoothing (EXS)
- Transformation moving average (TMA)
- Regression against time
- A quasi-casual forecasting model
- Determining forecast accuracy
Resource Development Analysis
- Defining the issue: revenue shortage
- Estimating revenue shortage
- Developing revenue options
- Assessing revenue options
- Making decisions
- Cost classification
- Total cost estimation
- Average cost estimation
- Calculating present value
- Calculating annualised cost
Incremental Cost Analysis
- Introduction to cost-benefit analysis
- Issues in cost-benefit analysis
Financial Performance Monitoring
- Determining monitoring indicators
- Detecting unacceptable performance
- Understanding the causes and taking action
- Creating a cash budget
- Determining the optimal cash balance
Financial Reporting and Analysis: The Statement of Net Assets
- What information is in the statement of net assets?
- The accounting process
- Principles that govern accounting practices
Financial Reporting and Analysis: The Statement of Activities
- What information is in the statement of activities?
- Accounting bases
Financial Reporting and Analysis: Fund-Level Statements
- Governmental funds
- Proprietary funds
- Fiduciary funds
Financial Condition Analysis (FCA)
- What is financial condition analysis?
- Determining measures in FCA
- Identifying any warning trend of deteriorating financial condition
- Specifying the relationship
- Explaining the relationship
- FCA report writing
- Financial and budget personnel in governments.
- Anyone who is interested in governmental finance.
Upon completion of this course, you will be able to:
- Use forecasting tools.
- Determine forecast accuracy.
- Apply the most accurate tool for forecasting.
- Define a resource development issue.
- Estimate revenue shortage.
- Develop revenue options.
- Assess revenue options.
- Determine optimal revenue options.
- Calculate total cost, average cost, direct cost, indirect cost, personnel cost, operating cost, and capital cost.
- Perform cost allocation.
- Use cost depreciation methods.
- Apply average cost to determine efficiency.
- Understand the concepts of present value, future value, time value of money, discount rate.
- Apply present value of cost in cost comparison.
- Apply annualized cost in cost comparison.
- Apply incremental cost in decision making.
- Calculate the net present value and the benefit/cost ratio.
- Understand conditions to which a cost-benefit analysis applies.
- Apply the cost-benefit analysis in decision making.
- Determine proper indicators for monitoring.
- Detect unacceptable performance.
- Detect performance trends.
- Develop a complete picture of financial performance.
- Identify causes of underperformance.
- Take proper actions to improve performance.
- Develop a cash budget.
- Determine an optimal cash balance.
- Use the optimal cash balance in cash management decision making.
- Understand key elements in the statement of net assets.
- Understand the accounting process.
- Use the information in the statement of net assets in financial analysis.
- Understand key elements in the statement of activities.
- Understand the concept of accounting basis.
- Apply the information in the statement of activities in financial analysis.
- Understand the use of funds in governments.
- Understand key elements in fund-level statements.
- Use the information in fund-level statements in financial analysis.
- Know what financial condition analysis is.
- Determine measures to assess financial condition.
- Identify any warning trend of a deteriorating financial condition.
- Specify relationships in financial condition analysis.
- Explain relationships in financial condition analysis.
- Write a financial condition analysis report.