Devolved Budgets and Cost Control in the Public Sector

Delegates will acquire an insight into the methodology of budget management and cost accounting. They will learn project and process costing, and what to look for in financial management information.

Who should attend?

This course is ideal for all managers who are dealing with devolved budgeting associated with public services reform. It will also be ideal for officers of all grades who are ssembling budgets in any circumstance or managing budgets associated with projects. Objectives

By the end of the course you will be able to:

Develop sound financial management and control in your organisation or department

Initiate and maintain methods for measuring and managing financial performance

Create and implement an action plan for significant improvement in your area of responsibility

Apply the essential concepts of accounting, budgets and finance

Appreciate the importance of reducing unnecessary cost and working towards better value for money

Create departmental savings for flexible budgeting

Programme Outline

Use Best Practice to Create Written Budgeting Justifications and Integrate Performance Budgeting into Your Organisation's Budget Process

Expenditure Planning and Control

Principles and Practices of Resource Allocation and Budget Management

Develop Accruals-Based Accounting to Replace Cash Accounting

Action Planning to Implement Financial Reforms

Audit and Accounting Process and Practice

Using Private Finance in Public Finance

The Significance of Nolan Principles and Values in Budgetary Processes

Financial Aspects of Project Management

Procurement Arrangements and Stock Control

Aligning Performance Goals with Budget Account Structures