This course will provide you with a broad overview of the key governance processes used in the Public Sector when formulating budgets.
Description
This course will provide you with a broad overview of the key governance processes used in the Public Sector when formulating budgets. It will also assist you to understand the linkages between the whole-of-government budget processes and organisational budgets.
Key topics
- Public Sector context - The whole-of-government governance principles (including examples of rules, legislation and accountability mechanisms)
- Budgeting framework - The approach used in setting Public Sector budgets (including the external whole-of-government contexts and key outputs)
- Performance reporting - A typical reporting framework, and how budgets are analysed to provide insight as well as information
- Budget modelling practice - Preparing detailed budgets
- Glossary and abbreviations - The common language used by the Public Sector in managing budgets
Learning objectives
- Explain the context, framework and governance elements of Public Sector budgeting
- Assess the appropriateness of the principle budgeting techniques for Public Sector organisations
- Implement budgeting techniques using basic scenarios
- Outline the forecasting and performance reporting elements
- Analyse your own organisation’s budgeting processes and identify opportunities for implementation of improvements
- Communicate budgets and budgeting processes to relevant stakeholders
Audience
This course has been specifically designed for finance and accounting professionals working in the Public Sector.