Civil Servants Guide to Finance
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20th Mar 2012 |
This course forms part of a CMI Certificate in Leadership and Management
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Learn the core financial skills that all Civil Servants require, including managing a budget, handling financial information, and dealing with finance teams; also understand the financial jargon and accounting concepts used in the Public Sector
Learning Objectives
- Learn the essential financial skills that all Civil Servants require, as identified in Professional Skills for Government
- Understand and demystify the terminology, concepts and terms used within finance
- Identify the and key financial dates used by the public sector
- Understand the need for sound profiling skills, budgeting techniques and how accounting systems use this information
- Comprehend the importance and use made of management information
- Learn about the role of finance professionals within organisations, and how to work with them effectively
Programme
| 9:15 |
Registration
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| 9:45 |
Welcome & Introduction
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| 10:00 |
Sources of finance and the current fiscal position
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| 10:30 |
Financial Accounting Practices
Provides an understanding of concepts such as resource and capital; accruals and prepayments; treatment of assets, depreciation and cost of capital. Explains common financial terminology particular to the public sector such as estimates, ambit, virement, DEL, AME and request for resources.
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| 11:20 |
Refreshments
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| 11:35 |
Budgeting techniques and profiling
A comprehensive examination of the techniques and best practice needed to build a robust accurate budget, the importance of precise profiling and how to manage the in year budget monitoring requirements including reforecasting.
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| 12:20 |
What is an accounting system and the role of finance professionals and their staff
Delivers an understanding of what constitutes a modern accounting system and how it links to daily financial tasks such as procurement and T&S claims. Provides an insight into the role of finance professionals, their teams and their responsibility to the organisation
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| 13:20 | Lunch |
| 14:20 |
Using management information
An introduction to financial information, what it provides, the messages it delivers and how to deal proactively with issues arising.
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| 15:20 | Refreshments |
| 15:35 |
The financial year
An introduction into the key dates, throughout the year, and how they relate to government, HM Treasury, departments, organisations and individuals.
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| 16:20 |
Final Discussion
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| 16:30 | Close |
Please note that the programme is subject to change without notice