Accounting and Financial Management
1.1 International Public Sector Accounting Standards
Build your comprehensive understanding of the essential elements of IPSAS through the use of practical exercises and case studies of all the major topics.
1.2. Fundamentals of Public Financial Management
It is essential that accountants in both public and private companies understand the basics of financial management, as it focuses on decisions relating to how much and what types of assets to acquire, how to raise the capital needed to purchase assets, and how to run the firm so as to maximize its value.
1.3. Elements of Public Financial Management
Understand in depth and further broaden your knowledge about financial management in public and private organisations.
1.4. Integrated Financial Management Information Systems (IFMIS)
Learn how to use IFMIS to store, organize and make access to financial information easy. It not only stores all the financial information relating to current and past years’ spending, but also stores the approved budgets for these years, details on inflows and outflows of funds, as well as complete inventories of financial assets (e.g., equipment, land and buildings) and liabilities (debt). This system will help with timely, accurate and consistent data for management and budget decision making.
1.5 Finance for Non-Finance Public Sector Managers
Increasingly, more managers from the public sector are expected to make decisions based on a strong understanding of financials, however, this can be challenging without a background in finance. This course is designed to give non – finance public sector managers an introduction to finance so they can contribute to organisation success. It will also give an understanding of the language used by accountants and how financial statements fit together. Participants will emerge from the course with an understanding of the content of financial statements, how to analyse and interpret financial data, the importance of cash flow and matching budgets to realistic targets and will explore how to evaluate capital expenditure.