Public Sector Finance Excellence

Course Outline

Overview

This course provides an understanding of the concepts and strategy relating to the effective management of public sector finances.

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.

Agenda

Public Sector Finance Strategy

• Linking organizational strategy to financial strategy
• Interaction between short-term and long-term strategy
• Stakeholder analysis
• Corporate governance

Public Sector Financial Management

• Effective financial management
• Regulatory framework for financial accounting
• Assessing financial performance
• The role of treasury management

Challenges in Public Sector Financial Management

• Improving financial management
• Pressures on public finances
• Cost reduction
• Allocating resources

Site Visit

• Industrial visit to a relevant organization.
• An insight into the internal working of companies.
• An opportunity to learn through interaction with practising professionals.

Course Review

• Summary and recap of key learning objectives
• Action Planning

Target Audience

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.

Learning Outcomes

Upon completion of this course, you will understand:

• How public sector organizations are accountable to their stakeholders.
• Why it is more important to show how well public money has been spent rather than just how it is spent.
• 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.