Public Sector Finance Course
This finance course builds a foundational understanding of finance and accounting enabling managers to meet their financial responsibilities more confidently. In this finance course you will gain an understanding of key public sector finance legislation, regulations and policies. This finance course will establish a baseline knowledge of key financial terminology, concepts and conventions. The three key financial statements will be demystified, allowing you to confidently interpret the financial performance of the organisation and assess potential risks.
This finance course will cover the following content:
- The importance of financial acumen for managers and executives.
- Understanding financial statements.
- Income statements.
- Profit and Loss statements (P&L).
- Balance sheets.
- Statement of cash flows.
- Classification of transactions as assets, liabilities, income and expenditure.
- Key legislation and regulations and policies in public sector finance and accounting.
- The role of financial control in your organisation’s governance system.
- The role of financial controls in ensuring compliance and fraud minimisation.
- Approaches to financial planning, forecasting and budgeting.
- Assessing period on period performance using budgets and financial statements.
- Understanding cash flows, revenues and expenditures.
- Pros and cons of different types of approaches and methods of forecasting and budgeting.
- Financial governance lighthouse.
- Public sector accounting vs private sector accounting.
- Internal controls and monthly reporting.
- The different types of revenues and the costs associated with generating income.
- Differentiating different types of costs
- Fixed costs.
- Variable costs.
- Direct and indirect costs.
At the completion of this finance course you will have:
- Working knowledge of public sector finance and accounting.
- An understanding of the key financial statements and how they interact with each other.
- An understanding of the fundamental financial principles and key financial terms.
- Greater familiarity with all the elements of financial planning, forecasting and budgeting.
- An understanding of how to evaluate and prioritise investments that support your organisation’s strategies using capital budgeting techniques.
- Increased your forecasting skills by learning where to focus and understanding the dependencies of the forecasting process.
- An understanding of applying break-even analysis to model new business and new product development opportunities.
- An appreciation for the importance of internal controls and your role in making them effective.
- Greater understanding on preparing budget performance reporting.
|Duration||One session (8 hours in total)|
|Dates||Wed 11 Nov, 2020
Mon 14 Dec, 2020
|Time||9:00 AM - 5:00 PM|
|Venue||Due to COVID-19 this course will be delivered online, via a live video link|
|Cost||$685 (GST free)|
This finance course for the public sector will be delivered as an interactive workshop consisting of an instructor-led lecture, group and individual activities. This training approach allows participants to work through concepts introduced by the trainer in an application-focused teaching environment. Participants will challenge their understanding of the concepts and consider their application once back in their individual workplace.
Due to COVID-19, this finance course will be delivered online, via a live video link. Participants will also be able to access online activities and readings in the UTS Learning Management System (LMS) Canvas, to supplement these sessions.
Who is this course for?
This finance course is suitable for non-financial practitioners within any level of the public sector who are seeking to improve their understanding of financial reports, concepts, language and tools to assist in managing budgets successfully. This finance course is designed for managers and professional staff who are expected to contribute to the development and management of their organisation’s financial planning, forecasting and budgeting. This course is also suitable for executives and managers who hold either responsibility or accountability for the performance of their function, division or department.
In-house training solutions
This finance course can also be customised and/or delivered in-house. Find out more.
About the presenters
Stuart Patch is a director and senior faculty member at AcademyGlobal specialising in the areas of financial management, procurement, project management and risk management. Stuart delivers training for leading organisations including the Australian Institute of Company Directors, CPA Australia, the University of Technology Sydney and the Australian Institute of Management. His delivery is greatly enriched by an extensive career working across the world as Finance Director for global listed companies operating in the power generation, construction, resources and transportation sectors. Stuart has facilitated training, coached and mentored senior management and high potential employees within commercial firms, government and the not-for-profit sector. Stuart is a Fellow of the Chartered Institute of Management Accountants, holds a Diploma in Project Management and Certificate IV in Training and Assessment.
Vivienne Buss is a Principal at AcademyGlobal and experienced in delivering workshops across financial management, accounting, procurement and corporate sustainability. Her career commenced in professional services at KPMG and Deloitte where she worked in audit and in financial consulting. Subsequently she broadened her experience into front line roles focusing on financial and business improvements. Vivienne has developed and delivered training for major companies, government and non-government organisations.
This finance course has no prerequisites and is open to all members of the public.
This short course is presented by the university's Institute for Public Policy and Governance. Learn more about the Institute's research, industry collaboration, postgraduate programs and short courses.