Finance for non-finance professionals
This course will teach learners how to strengthen their knowledge and ability in budget and financial management in the public sector. Designed for non-financial managers who have responsibility for a budget, the course provides the financial knowledge needed to be a financially savvy manager. It gives an overview of financial and accounting concepts, language and tools to assist in managing budgets successfully.
- Understand and explain accounting terminology
- Understand how funding allocations are developed and how to influence them
- Understand the rules about expenditure, including regulations and Acts governing the use of different types of funds
- Prepare unit budgeting, including salary budget
- Analyse financial data and deliver financial reports suited to business needs
- Understand internal controls and monthly reporting
- Manage across several project budgets, and identify from financial reports when allocated funds should be reallocated.
NSW Public Sector Framework Capabilities
This course is targeted at Intermediate to Adept level. The following behaviours from the framework are covered:
Business Enablers: Finance
- Understand basic financial terminology, policies and processes, including the difference between recurrent and capital spending.
- Understand impacts of funding allocations on business planning and budgets, including value for money, choice between direct provision and purchase of services, and financial implications of decisions.
- Understand and apply financial audit, reporting and compliance obligations.
- Display an awareness of financial risk and exposure and solutions to address these.
- Understand delegations and act within authority levels.
- Identify risks to successful achievement of goals, and take appropriate steps to mitigate those risks.
Enquiries: For more information on our learning programs, please contact the IPAA NSW Learning Team on 02 8066 1900 or email [email protected].