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Civil Servants Guide to Finance

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Learn the core financial skills that all Civil Servants require, including managing a budget, handling financial information, and dealing with finance teams; also understand the financial jargon and accounting concepts used in the Public Sector

Learning Outcomes

  • 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
The Institute of Leadership & Management

The Institute of Leadership and Management (TILM) has approved this training course. TILM combines years of research, knowledge and innovation to champion the leadership agenda for all and since 1947 they have carried out extensive research into the knowledge, skills, attitudes, behaviours and values of great leadership. Based on TILM’s core leadership values, this course meets the standard that enables learners who have completed to access the following benefits:

  • Being eligible for membership of  The Institute of Leadership and Management and will receive an ICPS/ TILM joint Certificate of achievement for the course
  • Access to a raft of resources to help you with your continuing professional development, including an award-winning library of e-learning content
  • A community of over 30,000 members worldwide enabling you to collaborate and grow your knowledge and skills
  • Receipt of weekly news updates, podcasts and cutting-edge research and a monthly published journal and invitations to topical webinars
  • Authorisation to use approved letters AMInstLM (Associate Member of The Institute of Leadership and Management) after your name for business correspondence

Programme

09:45  Welcome and Introduction
Financing public services
  • How public services are finance
  • Ongoing trends
  • The current financial situation
  • The impact on resource management practices
What is resource accounting
  • Fundamental principles of accounting practice
  • Accounting practices in Government
  • Resource accounting and budgeting in Government
  • The financial year
Identifying the costs of what Government does
  • Why do we need cost information and how should we use it
  • Principles of costing
  • The use of costing systems
  • Costing in Government
LUNCH
Planning and budgeting in Government
  • The links between planning and budgeting
  • What does a budgeting system do
  • What makes for a good budgeting system
  • The impact of austerity on budgeting in Government
Investing in public
  • What is investment in Government services and how is it paid for
  • How to we decide how much to invest and in what areas
  • What are the implications of investment
Accounting Information systems
  • The nature of management information systems
  • Accounting information systems - the nature and use
  • Key roles in resource accounting and management
Recap and review of course (15 minutes)
16:30  CLOSE

Please note that the programme is subject to change without notice

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