Forthcoming Issues in Public Sector Finance
This course forms part of a CMI Certificate in Leadership and Management
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Understand the implications on public sector expenditure as a result of a general election and the changing economic situation. How the Coalition Government will need to compromise on the allocation of resources and cuts in order to get all it’s budget measures through Parliament. Understand the need for effective use of resources in planning and managing a budget, the importance of accountability and an overview of current trends and initiatives.
Learning Objectives
- Learn about the possible financial implications post election, working constraints and impact on the economic climate;
- Understand the importance of embracing the need to work efficiently and effectively and how to reflect this in budget proposals;
- Comprehend the impact of governmental and Parliamentary changes, the role of financial rules and requirements on departmental budget management;
- Understand the importance of scrutiny and accountability and the role of audit bodies;
- Gain an appreciation of topical issues and their impact on public sector finances
Programme
| 9:15 | Registration |
| 9:45 | Chair’s Introduction
Roberta Woodcock, Financial Training Consultant (confirmed)
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| 10:00 | Public Spending 2010/11
Provides an understanding of the implications post election day. Examines the possible constraints on departmental spending and the changing economic situation. Explores the potential role of Spending Reviews including coping with imposed spending freezes, cuts and efficiency initiatives whilst securing funds. Understanding how allocation of resources could be skewed by other political factors in a Hung Parliament.
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| 11:35 | Refreshments
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| 11:50 | Budget management and control
An examination of the need to consider financial rules and requirements, how to approach difficult choices in justifying spending and investment. The purpose of performance measurements as a control tool and how to ensure the effective use of resources.
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| 13:10 | Lunch
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| 14:10 | Scrutiny and accountability
Provides and insight into the need for accountability and scrutiny, exploring the need for preparation prior to audit, the implications of audit opinion and qualification and an examination of the role of the Audit Committee,Public Accounts Committee and the enhanced power of Parliamentary Select Committees.
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| 15:20 | Refreshments
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| 15:35 | Current topical issues
A round up of the latest issues impacting on finance management across the public sector. This may include budget analysis, capability review updates, recently announced initiatives, impact of localisation, performance measurement, budget settlements, etc.
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| 16:20 | Final Discussion
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| 16:30 | Close
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Please note that the programme is subject to change without notice
