Advanced Financial Management in the Public Sector - Planning, Implementation, Reporting and Analyses
Course
In Hammersmith
Description
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Type
Course
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Level
Intermediate
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Location
Hammersmith
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Duration
2 Weeks
Upon completion of this course, you will be able to:
Use forecasting tools.
Determine forecast accuracy.
Apply the most accurate tool for forecasting.
Define a resource development issue.
Estimate revenue shortage.
Develop revenue options.
Assess revenue options.
Determine optimal revenue options.
Calculate total cost, average cost, direct cost, indirect cost, personnel cost, operating cost, and capital cost.
Perform cost allocation.
Use cost depreciation methods.
Apply average cost to determine efficiency.
Understand the concepts of present value, future value, time value of money, discount rate.
Apply present value of cost in cost comparison.
Apply annualized cost in cost comparison.
Apply incremental cost in decision making.
Calculate the net present value and the benefit/cost ratio.
Understand conditions to which a cost-benefit analysis applies.
Apply the cost-benefit analysis in decision making.
Determine proper indicators for monitoring.
Detect unacceptable performance.
Detect performance trends.
Develop a complete picture of financial performance.
Identify causes of underperformance.
Take proper actions to improve performance.
Develop a cash budget.
Determine an optimal cash balance.
Use the optimal cash balance in cash management decision making.
Understand key elements in the statement of net assets.
Understand the accounting process.
Facilities
Location
Start date
Start date
About this course
Financial and budget personnel in governments.
Anyone who is interested in governmental finance.
Certificate.
Reviews
This centre's achievements
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 5 years
Subjects
- Financial Management
- Financial Risk
- Financial Reporting
- Forecasting
- Financial Law
- Options
- Consulting
- Financial
- Public
- Planning
- Public Sector
- Planning and Business
- Planning Process
- Financial Training
- Public Economics
- Analysis methodologies
Course programme
- Simple moving average (SMA)
- Exponential smoothing (EXS)
- Transformation moving average (TMA)
- Regression against time
- A quasi-casual forecasting model
- Determining forecast accuracy
- Defining the issue: revenue shortage
- Estimating revenue shortage
- Developing revenue options
- Assessing revenue options
- Making decisions
- Cost classification
- Total cost estimation
- Average cost estimation
- Calculating present value
- Calculating annualised cost
Cost-Benefit Analysis
- Introduction to cost-benefit analysis
- Issues in cost-benefit analysis
- Determining monitoring indicators
- Detecting unacceptable performance
- Understanding the causes and taking action
- Creating a cash budget
- Determining the optimal cash balance
- What information is in the statement of net assets?
- The accounting process
- Principles that govern accounting practices
- What information is in the statement of activities?
- Accounting bases
- Governmental funds
- Proprietary funds
- Fiduciary funds
- What is financial condition analysis?
- Determining measures in FCA
- Identifying any warning trend of deteriorating financial condition
- Specifying the relationship
- Explaining the relationship
- FCA report writing
Advanced Financial Management in the Public Sector - Planning, Implementation, Reporting and Analyses