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Civil Servants Guide to Finance

Chartered Management Institute logo This course forms part of a CMI Certificate in Leadership and Management

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

09:45  Welcome and Introduction
Financing public services
  • How public services are finance
  • Ongoing trends
  • The current financial situation
  • The impact on resource management practices
What is resource accounting
  • Fundamental principles of accounting practice
  • Accounting practices in Government
  • Resource accounting and budgeting in Government
  • The financial year
Identifying the costs of what Government does
  • Why do we need cost information and how should we use it
  • Principles of costing
  • The use of costing systems
  • Costing in Government
LUNCH
Planning and budgeting in Government
  • The links between planning and budgeting
  • What does a budgeting system do
  • What makes for a good budgeting system
  • The impact of austerity on budgeting in Government
Investing in public
  • What is investment in Government services and how is it paid for
  • How to we decide how much to invest and in what areas
  • What are the implications of investment
Accounting Information systems
  • The nature of management information systems
  • Accounting information systems - the nature and use
  • Key roles in resource accounting and management
Recap and review of course (15 minutes)
16:30  CLOSE

Please note that the programme is subject to change without notice

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