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)
  • Organisational budgeting - The purpose of organisational budgeting and various accountability and transparency mechanisms; how the internal organisation budget links to the whole-of-government process; the approach, systems and techniques of internal budgeting; common issues in the budgeting process and how these might be overcome
  • Budget estimation and forecasting - How the set budget is managed over time, aligning the financials with future expectations
  • 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

This course consists of one hard copy learning manual and one online assessment. 

Want to know more? Click below to view a sample of the learning manual:

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.

365 Days

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