Description
This training workshop provides an understanding of the concepts and strategy relating to the effective management of public sector finances. You will learn:
- That Strategic financial planning assists organizations to achieve value for money.
- That Financial management is the process of using funds effectively, efficiently and transparently by a combination of procedures, methods, rules of conduct and standards.
- The key challenges in the financial management of the public sector.
What you will learn
Public Sector Finance Strategy
- Linking organizational strategy to financial strategy
- Interaction between short-term and long-term strategy
- Stakeholder analysis
- Corporate governance
Public Sector Financial Management
- Effective financial management
- Regulatory framework for financial accounting
- Assessing financial performance
- The role of treasury management
Challenges in Public Sector Financial Management
- Improving financial management
- Pressures on public finances
- Cost reduction
- Allocating resources