Finance for Non-Financial Managers - Online
Category
Management Development
Audience
A practical but simplified one-day course aimed at public sector budget managers who have had no formal finance training. The course provides a basic level of knowledge on the background to public sector funding and a practical consideration of public sector case studies to enable delegates take an active role in financial management in their organisation.
Duration
1 day
Delegate rate
Approximately £100 per day per delegate. Charges depend on how many delegates book.
A practical understanding of the finance terminology used, the source of funding for public services, the background to budgeting to enable an active role to be taken in financial management.
By attending this course you will:
• Have a clearer understanding of terminology and the public sector financial management principles
• Gain a better understanding of budgeting, monitoring and control
• Gain an overview of the management accounts function in a public sector organisation
09:15 – 09:30 Registration
Session One - Finance Terminology - Jargon Buster
An examination and explanation of the core finance terms used by finance staff and accountants. Exemplification of the importance of the financial rules by consideration of a practical case study.
Break
Session Two - Where Does the Money Come From?
• A simplified and informative explanation of the source of the public sector funds which form the basis for the budgets of public sector bodies.
• Translating Funding into a Budget for Expenditure
• How public sector budgets are constructed
• Types of budgeting which can be used
• Advantages and disadvantages of different types of budgeting
Lunch Break
Session Three - Budgetary Control
• Description of the budgetary control process
• Explanation of what a budget monitoring report is, how to read a budget monitoring report and analysing variances
Break
Session Four - Applying the Theory in Practice
An exercise to demonstrate a practical application and understanding for non-finance managers.
Session Five – Summary
What good practice questions should you be asking around your organisation’s approach to financial management?
16:00 Course ends
