Finance Essentials for NSW Government

Finance Essentials for NSW Government
To enrol into this course please navigate to the Upcoming courses page on the IPAA NSW website and search to see if the course is available. If there are no available courses please contact the IPAA NSW Learning team on 02 8066 1900 or email learning@nsw.ipaa.org.au

This course is also available for in-house delivery. For more information please contact the Learning team on 02 8066 1900 or email learning@nsw.ipaa.org.au for a quote.

Course Overview


This course is designed for non-financial managers who have responsibility for a budget. It provide the financial knowledge needed to be a financially savvy manager, giving non-finance managers an overview of financial concepts, language and tools to assist in managing budgets successfully. The workshop is for anyone who manages or who has responsibility for a budget but is not a ‘finance whiz’.

  • Gain a better understanding of basic finance and accounting principles
  • Strengthen your ability in budget and financial management
  • Increase your ability in budget planning including the cost-benefit analyses of various options

Learning Outcomes


  • Understand how funding allocations are developed and how to influence them
  • Know the rules about expenditure, including regulations and Acts governing the use of different types of funds
  • Prepare unit budgeting, including salary budget; for example: components of budget, classifications of staff, treatment of leave allocations
  • Prepare budget planning including the ability to provide cost-benefit analyses of various options, account for employee expenses, plan cash flow over time and focus on a realistic basis for planning
  • Understand budget development approaches; for example, zero-based or incremental, accounting for leasing costs
  • Understand internal controls and monthly reporting
  • Prepare budget performance 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 Foundational to Intermediate level. The following behaviours from the framework are covered:

Business Enablers: Finance

  • Understand that government services budgets are limited and must only be used for intended purposes.
  • Appreciate the importance of accuracy and completeness in estimating costs as well as calculating and recording financial data and transactions.
  • Be aware of financial delegation principles and processes.
  • Understand compliance obligations related to using resources and recording financial transactions.
  • Understand basic financial terminology, policies and processes, including the difference between recurrent and capital spending.
  • Take account of financial and budget implications, including value for money in planning decisions.
  • Present basic financial information to a target audience in an appropriate forma.
  • Understand financial audit, reporting and compliance obligations and the actions needed to satisfy them.
  • Display an awareness of financial risk and exposure and solutions to address these.


Enquiries: For more information on our learning programs, please contact the IPAA NSW Learning Team on 02 8066 1900 or email learning@nsw.ipaa.org.au.
 

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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