Financial Management in the Public Sector - Level 1

Description

Target audience

  • Financial and budget personnel in governments.
  • Anyone who is interested in governmental finance.

What you will learn

Upon completion of this course, you will be able to:

  • Use forecasting tools.
  • Determine forecast accuracy.
  • Apply the most accurate tool for forecasting.
  • Define a resource development issue.
  • Estimate revenue shortage.
  • Develop revenue options.
  • Assess revenue options.
  • Determine optimal revenue options.
  • Calculate total cost, average cost, direct cost, indirect cost, personnel cost, operating cost, and capital cost.
  • Perform cost allocation.
  • Use cost depreciation methods.
  • Apply average cost to determine efficiency.
  • Understand the concepts of present value, future value, time value of money, discount rate.
  • Apply present value of cost in cost comparison.
  • Apply annualized cost in cost comparison.
  • Understand fixed cost, variable cost, marginal cost, and incremental cost.
  • Apply marginal cost in decision making.
  • Apply incremental cost in decision making.
  • Calculate the net present value and the benefit/cost ratio.
  • Understand conditions to which a cost-benefit analysis applies.
  • Apply the cost-benefit analysis in decision making.
  • Determine proper indicators for monitoring.
  • Detect unacceptable performance.
  • Detect performance trends.
  • Develop a complete picture of financial performance.
  • Identify causes of underperformance.
  • Take proper actions to improve performance.

Further information

London Business Training & Consulting (LBTC)
Provider:
London Business Training & Consulting (LBTC)
Duration:
1 Week
Price:
£2,625 (ex VAT)
Availability:
Scheduled dates
Course type:
Classroom
Locations:
London Hammersmith, Novotel Deira City Centre

Contact Information

London Business Training & Consulting (LBTC)

SEVEN PANCRAS SQUARE
7 King's Boulevard
London
N1C 4AG

Credentials

Locations