Public Budgeting and Financial Management

Xpert Learning

Reed Courses Certificate of Completion

Digital certificate - Included

• Introduction to Public Budgeting 07:00

  • 1: Introduction to Public Budgeting 06:00
  • 2: Short Quiz 1 Preview 01:00

• Public Financial Management 08:00

  • 3: Public Financial Management 06:00
  • 4: Short Quiz Preview 02:00

• Financial Forecasting 08:00

  • 5: Financial Forecasting 07:00
  • 6: Short Quiz 01:00

• Budgeting 08:00

  • 7: Module 4: Budgeting 06:00
  • 8: Short Quiz 02:00

• The Balance Sheet 07:00

  • 9: The Balance Sheet 05:00
  • 10: Short Quiz 02:00

• The Income Statement 03:00

  • 11: The Income Statement 03:00

• The Cash Flow Statement 04:00

  • 12: The Cash Flow Statement 04:00

• Ratio Analysis 15:00

  • 13: Ratio Analysis 13:00
  • 14: Short Quiz 02:00

• Understanding Financial Statements 04:00

  • 15: Understanding Financial Statements 04:00

• Calculating for Financial Forecasting 06:00

  • 16: Calculating for Financial Forecasting 06:00

• Financial Risk Management 12:00

  • 17: Financial Risk Management 09:00
  • 18: Short Quiz 03:00

Learning Outcomes/Course Objectives:

• Grasp the fundamentals of public finance: Develop a strong foundation in public finance concepts, including budgeting, financial management, and accounting.
• Master financial forecasting techniques: Gain proficiency in predicting future financial trends and making informed decisions based on accurate forecasts.
• Navigate the intricacies of budgeting: Understand the budgeting process, types of budgets, and the roles of key personnel involved.
• Analyze financial statements with confidence: Interpret balance sheets, income statements, and cash flow statements to assess financial health and performance.
• Evaluate financial risk and implement effective management strategies: Identify potential financial risks, assess their impact, and develop strategies to mitigate them.

Course Outline:

Module 1: Introduction to Public Budgeting

• Understanding public finance
• Basics of budgeting

Module 2: Public Financial Management

• Fundamentals of financial management
• Revenue management
• Expenditure management
• Financial reporting and accountability

Module 3: Financial Forecasting

• Key concepts and terms
• Components of financial forecasting
• Methodologies and challenges
• Best practices

Module 4: Budgeting

• Budgeting concepts and significance
• Types of budgets
• Budgeting process
• Key personnel roles
• Budget analysis and evaluation
• Capital budgeting

Module 5: The Balance Sheet

• Components of a balance sheet
• Analysis and interpretation
• Book values vs. market values
• Inventory accounting methods
• Common equity assessment

Module 6: The Income Statement

• Purpose of the income statement
• Components and analysis
• Depreciation and its impact
• EBITDA vs. net income
• Earnings per share

Module 7: The Cash Flow Statement

• Definition and purpose
• Categories of activities
• Analyzing operating, investing, and financing activities

Module 8: Ratio Analysis

• Importance of financial ratios
• Classification of ratios
• Profitability, liquidity, and other ratios
• Limitations and caution in interpretation

Module 9: Understanding Financial Statements

• Interrelationship of financial statements
• Trend analysis
• DuPont Equation
• Benchmarking
• Interpreting financial statements

Module 10: Calculating for Financial Forecasting

• Net Present Value (NPV), Positive vs Negative NPV, Internal Rate of Return (IRR), and Amortization Schedule
• Formula for NPV, Formula and Calculation for IRR, and Formula for an Amortization Schedule
• Future Value (FV) and Continuous Compounding

Module 11: Financial Risk Management

• Types of financial risk
• Risk management process
• Identifying and assessing major risks
• Benefits of risk management
• Risk management framework

Enroll today and gain a comprehensive understanding of public budgeting and financial management. This course empowers you to make informed decisions, optimize resource allocation, and contribute to the effective governance of public funds.

Target Audience:

• Public sector professionals: Individuals working in government agencies, municipalities, or public organizations.
• Finance professionals: Accountants, financial analysts, and controllers seeking to specialize in public finance.
• Students and researchers: Individuals interested in pursuing a career in public finance or related fields.
• Anyone seeking to enhance their understanding of public budgeting and financial management.

Requirements:

• Basic understanding of accounting and financial concepts: Familiarity with accounting principles and financial terminology will be beneficial.
• Curiosity and a desire to learn: A passion for public finance and a willingness to delve into complex topics is essential.
• Access to a computer and internet connection: For online learning and accessing course materials.

Career Paths in Public Budgeting and Financial Management

Public Sector: Budget Analyst, Financial Manager, Public Finance Officer, Auditor, Policy Analyst

Private Sector: Financial Analyst, Accountant, Cost Accountant, Financial Consultant

Non-Profit Organizations: Finance Director, Grants Manager, Financial Analyst

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