Civil Servants Guide to Finance
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3rd Nov 2010 |
This course forms part of a CMI Certificate in Leadership and Management
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Understand the financial jargon and accounting concepts used in the Public Sector, and learn the core financial skills that all Civil Servants require, including managing a budget, handling financial information, and dealing with finance teams
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
- Understand the relationship with Parliament and the Permanent Secretary’s personal accountability
- Understand the role of Cabinet Committees e.g. PSX
Programme
| 9:15 | Registration |
| 9:45 | Welcome & Introduction
Roberta Woodcock, Financial Training Consultant (confirmed) |
| 10:00 | Demystifying the jargon and accounting concepts
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. |
| 11:00 | The financial year
An introduction into the key dates, throughout the year, and how they relate to government, HM Treasury, departments, organisations and individuals. |
| 11:55 | Refreshments |
| 12:10 | 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. |
| 13:10 | Lunch |
| 14:10 | 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 |
| 15:10 | Refreshments |
| 15:25 | Using management information
An introduction to financial information, what it provides, the messages it delivers and how to deal proactively with issues arising. |
| 16:20 | Final Discussion
An introduction to financial information, what it provides, the messages it delivers and how to deal proactively with issues arising. |
| 16:30 | Close |
Please note that the programme is subject to change without notice
