Building, prioritising and managing your budget

Building, prioritising and managing your budget

When: Tuesday 13 August 2019

Time: 9.00AM – 5.00PM

Where: Cliftons training rooms - Level 13, 60 Margaret St Sydney

Cost (incl. GST): Professional & Associate members $675  Affiliate & Non-members $775



Course Overview

This course focuses on enhancing learners’ skills in planning and budgeting to maximise the use of scarce resources. It provides learners with an opportunity to better understand the planning drivers and key assumptions that underpin budget development and the key tools to be applied in allocating, monitoring, managing and forecasting budget outcomes. It includes understanding the alternative approaches to budgeting and budget models, linking planning to budgeting, and identifying the planning variables and assumptions that need to be documented in order to set the budget.

Learning Outcomes

  • Link entity level budget to the NSW State Budget process.
  • Describe the role and elements of the entity level budget and identify the key budget elements — revenues, expenses, OPEX, CAPEX and cash flows.
  • Identify the planning variables and assumptions needed in allocating the budget.
  • Phase or roll the budget — allocating the budget across the year and rolling the budget forward into future years.
  • Evaluate traditional budgeting approaches and finetune traditional budgeting to support agile decision-making.
  • Develop key indicators to monitor budget performance and budget management strategies.
  • Analyse and evaluate actual to budget performance and provide feedback on proposed corrective actions.
  • Identify implications and corrective actions for significant variations from budget, including reforecasting the budget.

NSW Public Sector Framework Capabilities  

This course is targeted at Adept to Advanced level. The following behaviours from the framework are covered:

Business Enablers: Finance

  • 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. 
  • Identify discrepancies or variances in financial and budget reports, and take corrective action where appropriate. 
  • Seek specialist advice and support where required. 
  • Make decisions and prepare business cases paying due regard to financial considerations. 


Results: Deliver results
 

  • Identify resource needs and ensure goals are achieved within budget and deadlines. 
  • Identify changed priorities and ensure allocation of resources meets new business needs. 
  • Ensure financial implications of changed priorities are explicit and budgeted for. 
  • Control output of business unit to ensure government outcomes are achieved within budget. 

Course Materials

All course materials (including the workbooks) can be accessed through our digital learning space, Illuminate. Once registered, you will receive your course information, which will provide you with your Illuminate access details.

Enquiries:
For more information on our in-house courses and programs, please contact the IPAA Learning and Development Team on 02 8066 1900  or email learning@nsw.ipaa.org.au.

 

 

When
13/08/2019 9:00 AM - 5:00 PM
Where
Cliftons, Level 13, 60 Margaret Street Sydney, NSW 2000 AUSTRALIA
 

Terms and Conditions
Payments

Payment must be made either in full online at the time of confirming purchase or 14 days from the date of the invoice.
Payment is required prior to attending the event or course. 

Cancellation policy - Events
  • Cancellation must be in writing
  • Cancellation received more than 10 business days prior to the event running — no penalty will be incurred
  • Cancellation received within 5–10 business days prior to the event running — 50% of the event fee will be payable
  • Cancellation received within 1–5 business days prior to the event running — 100% of the event fee will be payable.
Cancellation policy - Scheduled Courses
  • Cancellation must be in writing
  • Cancellation received more than 10 business days prior to the course start date — no penalty will be incurred
  • Cancellation received within 7–10 business days prior to the event running — 50% of the event fee will be payable
  • Cancellation received within 1–6 business days prior to the event running — 100% of the event fee will be payable.
Cancellation policy - Self-paced Courses
  • Cancellations are not permitted.

Note: If you do not cancel and do not attend, 100% of the event fee must be paid.

Transfer policy - Events
  • All requests for transfers must be in writing
  • Substitute nominees may attend in your place where deemed appropriate; however, if a member wishes to substitute a non-member in their place the full fee will be payable.
Transfer policy - Scheduled Courses
  • All requests for transfers must be in writing
  • Your course registration can be transferred to another course without penalty if requested more than 10 business days prior to the course start date. Otherwise, the above cancellation policy applies. Transfers can only be requested when the course fee has been paid in full
  • Transferring your registration to another person can be done at any time without penalty, provided that nominee details are provided within a minimum of 2 business days before course/event start date; however, if a member wishes to substitute a non-member in their place the full fee will be payable.
Transfer policy - Self-paced Courses 
  • Transfers to another course are not allowed for self-paced courses.
Penalties may be waived in exceptional circumstances, work commitments do not count as exceptional circumstances.

Program Changes

IPAA NSW reserves the right to change programs/speakers/venue, or to cancel programs if the enrollment criteria are not met or when conditions beyond our control prevail. All registrants will be notified in the event of cancellation and their registration will be refunded. 


For our full terms and conditions click here

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