This course will provide the knowledge and tools to understand the financial management of resources in the public sector.
The course also includes a site visit to an organization relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
Managing Public Money
- Key requirements and concepts
- Fiscal and spending framework
- The virtuous financial management cycle
- Annual report
Public Sector Finance – Budgetary Control
- Objectives of budgeting
- Types of budgets
- Cost definitions and behaviour
- Budgetary control
Financial Management of Public Projects
- Building a case for a project
- Investment appraisal techniques
- Financing a project
- Phases of managing a project
- Industrial visit to a relevant organization.
- An insight into the internal working of companies.
- An opportunity to learn through interaction with practising professionals.
- Summary and recap of key learning objectives
- Action Planning
This course is suitable for:
- New entrants to the public sector.
- Staff with some practical experience but with no financial qualifications.
- Non-financial staff in the public sector who need to understand the basics of financial management.
Upon completion of this course, you will:
- Understand the basics of public financial management.
- Analyse the strengths and weaknesses of budget methodologies.
- Develop a practical perspective into contemporary work practices in your field.
- Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
£3415 + VAT