Training Course on Strategic Financial Management and Effective Budget Execution in Governments

Strategic Financial Management and Effective Budget Execution in Governments

Course Description

Strategic financial management provides the essential ingredients for achieving a sound budget preparation and execution system in government. This course focuses on the issues and challenges likely to impede the seamless operation of management and financial accounting processes and examines the techniques and tools needed to address them. It will underline what constitutes strategic financial management and effective budget execution within the context of achieving strategic and operational objectives in public governance. The course will enhance understanding of all the key processes within the accounting cycles leading up to the preparation of financial statements, including the use of performance management tools.

Learning outcomes

By the end of this course the participants will be able to:

• Apply strategic financial management to add value to the budget execution process

• Describe the differences between a management accounting system and a financial accounting system

• Undertake cost analysis and apply strategic management and costing principles to support improved decision-making

• Understand types of cost information and how to put that information to best use

• Design robust and meaningful financial performance measures to help enhance financial control

• Understand the main processes involved in the preparation of accounts for strategic and operational use by all level of management

• Appreciate the accounting adjustments which are necessary to transform internal management accounts into statutory and regulatory financial statements

Who should enroll?

This course is suitable for managers who are about to take on strategic responsibility financial management and budget execution in governments.

Send an email to [email protected] to request a course training agenda