Course Details
Understanding Public Sector Budgets
27 Nov 2013
Professional Development
Accounting / Finance
Victoria University Professional and Executive Development
Level 2, Rutherford House, 23 Lambton Quay, Wellington City
Full Day
9:00am - 4:30pm
9:00am - 4:30pm
$675.00
Early Bird Discount available until 28 days prior to the course start date $607.50 excl GST
Early Bird Discount available until 28 days prior to the course start date $607.50 excl GST
Overview:
Understanding the budget cycle and managing your budget is critical to your role.
This practical one-day course starts with the basics and takes you through the internal and external budgeting process in the public sector and how it relates to your role as a manager.
Who Should Attend:
Public sector managers who work in government departments and crown entities.
Learning Objectives:
* Learn how the budget process works Learn budgeting language
* Examine how to effectively build and manage a budget - what you can and can't control, and the importance of the assumptions behind the numbers
* Gain familiarity with the practical aspects of how to budget and how internal budgets sit within the context of the overall plans for the organisation and the external budget process.
Course Outline:
* Understanding the concepts
* Understanding the budget
* The external budget cycle
o Baselines
o Purpose of a budget
o Main stages in the budget process including:
+ Roles of the Treasury, Minister(s) and the Select Committee
+ Imprest Supply
o Appropriations
o Flexibility - transfer of appropriations
o Unauthorised Expenditure
* The internal budget
o Coding and chart of accounts
o Cost allocation and cost types
o Output budgeting
* Audit and value for money
Course Format:
This course emphasises the practical application of the financial concepts covered. Real-world examples will be used.
Understanding the budget cycle and managing your budget is critical to your role.
This practical one-day course starts with the basics and takes you through the internal and external budgeting process in the public sector and how it relates to your role as a manager.
Who Should Attend:
Public sector managers who work in government departments and crown entities.
Learning Objectives:
* Learn how the budget process works Learn budgeting language
* Examine how to effectively build and manage a budget - what you can and can't control, and the importance of the assumptions behind the numbers
* Gain familiarity with the practical aspects of how to budget and how internal budgets sit within the context of the overall plans for the organisation and the external budget process.
Course Outline:
* Understanding the concepts
* Understanding the budget
* The external budget cycle
o Baselines
o Purpose of a budget
o Main stages in the budget process including:
+ Roles of the Treasury, Minister(s) and the Select Committee
+ Imprest Supply
o Appropriations
o Flexibility - transfer of appropriations
o Unauthorised Expenditure
* The internal budget
o Coding and chart of accounts
o Cost allocation and cost types
o Output budgeting
* Audit and value for money
Course Format:
This course emphasises the practical application of the financial concepts covered. Real-world examples will be used.