Public Sector – Situational Leadership and Procedural Reform

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.