Finances of your agency

Part of the Financial machinery of government series

About the course

This is a learn-by-doing one day course where you can relate the workings of accounting and finance to the public sector agency you work in. You get the opportunity to relate your agency's day to day financial policies and processes to the wider requirements of the Public Finance Act. The course uses examples and exercises that apply the learning to your role.

For:

Managers who need to understand the financial workings of their agency.

Objectives:

After completing this course you will be able to:

Understand the day to day financial processes of your agency including financial delegations, accruals and purchasing processes
Apply key finance principles to your agency
Understand your agency's financial terminology
Understand your agency's planning and reporting obligations to the Crown and how these link into baseline updates and the government budget cycle
Understand the limitations of appropriations
Know what is expected from you from a financial perspective
Know where to find the financial information you need

Topics:

Internal and external financial management frameworks
Timelines for financial planning, budgeting and financial reporting
Authority for budget variations
The differences between Capital expenditure and Operational expenditure
Golden financial rules for budget holding managers in the public sector
The role of finance within your agency
Links to your agency's annual report and SOI

What our participants say:

'The course put all of the parts of the puzzle together for me and explained some of the financial terms and concepts that I had not previously fully understood' - Emma Taylor, Policy Manager, Ministry of Fisheries.

Our training programmes:

Competency based: we enable participants to apply what they have learned when they return to work
Professionally designed to cater for all learning styles, with a mix of activities
Based on accelerated learning techniques to engage participants
Fully evaluated for continuous improvement
Customised for an agency's specific needs and issues and financial systems and processes

Participant feedback from 'Finances of your agency'