Certificate in Public Budgeting and Financial Management Course

Module 1: Basics of the Public Sector Finance

• Fundamentals of the Macroeconomic and fiscal policy
• The goal of public sector budgeting and accounting
• Categories of public sector financial decision making
• The aspects of the new general management (NPM)
• Basics of financial accounting – Accruals vs cash accounting – Fundamental elements in financial accounting – Qualitative traits of financial statements

Module 2: Financial Evaluation of Accounts in the Public Sector

• Reason for analysis of financial statements
• Analyzing and understanding the cost character
• The cost volume profit association
• Interpreting financial ratio analysis of the reports in the public sector
• The toolkit for financial analysis
• Improving and managing the spending deficits

Module 3: Financial Broadcasting in the Public Sector

• The unique traits of the financial accounts in the public sector
• Reporting principles associated with financial reports in the public sector
• Liabilities and assets: rules for the measurement and recognition
• The five aspects of financial statements
• Classification and Nature of public sector expenses and Income
• Rules of financial administration in the general area

Module 4: Capital Investment in Decision Making

• Behavior and decision-making activity
• Rules of the discounted cash flow evaluation
• Investment appraisal models
• Outsourcing services: decision and objective model

Module 5: Reforms in Financial Control in the Public Sector

• Fundamental Challenges in the public sector in the Future
• The goal and the need for economic reforms in the general population
• Knowing of the public sector control reforms

Module 6: Accounting in the Public Sector

• Monetary and non-monetary costs and income
• Results-focused on budgeting in the public
• Goals of the public sector budgets
• Financial and non-financial performance factors
• Outcome requirements and goal setting
• Outcome focused budgeting
• Dysfunctional budgeting and human factors
• Rules of capital budgeting

Module 7: The Role of Finance and the Business Environment

• The purpose and the uses of finance management
• The business surrounding
• Terminologies in finance
• The income statement-financial performance
• The dual-entry accounting system
• Cash flow vs profit
• The balance sheet-financial position
• Benefits of financial and accounting information
• The cash flow statement- the origin of the money and uses
• The connection between the income report, cash flow account, and the balance sheet

Module 8: Break-Even and Budgeting Analysis

• The importance of cost analysis-labor, material, and overheads
• Accounting management- the internal perspective
• The break-even point and cost/volume/ profit (CVP) evaluation
• Various budgeting techniques- are they associated with your organization
• Arrangement and adoption of your budget
• Using the CVP evaluation to make good decisions, the company
• Determining if budgeting is a good management model
• Understanding overheads and how to manage them in decision-making and internal analysis

Module 9: Capital Investment and Budgetary Appraisal

• The variance analysis and standard costing
• Budgetary management with monthly control reports
• Internal development methods- category of capital investment
• Case study on measuring and understanding variances
• Discounted cash flow appraisal models
• Practical Challenges to Consider in cash flow appraisal methods
• Investment appraisal exercises with the use of spreadsheets

Module 10: Financing of an Organization and Re-Planning Methods

• Financing the business-when and why
• Financing goals, debt vs equity
• Types and sources of finance
• Review of external development methods – Acquisition, mergers, and joint ventures – Determination of the price of long-term finance-the price of capital techniques – Cost of equity (KE)- capital asset pricing technique – Cost of equity (KE)-dividend evaluation model – Weighted average costs of capital (WACC) – Cost of debt (KD)