Simple Communications & Presentation of Figures



CIPFA Training and Development

Finance for Non-Financial Managers

CIPFA Training and Development

Finance for Non-Financial Managers

We reserve the right to alter the timing or content of sessions where circumstances require.

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Purpose

A practical but simplified one-day course aimed at public sector budget managers who have had no formal finance training. The course provides a basic level of knowledge on the background to public sector funding and a practical consideration of public sector case studies to enable delegates take an active role in financial management in their organisation.

Learning outcomes

A practical understanding of the finance terminology used, the source of funding for public services, the background to budgeting to enable an active role to be taken in financial management.

By attending this course you will:

• Have a clearer understanding of terminology and the public sector financial management principles

• Gain a better understanding of budgeting, monitoring and control

• Gain an overview of the management accounts function in a public sector organisation

Who will benefit

All those new to working in finance, including those who are new to finance as a whole and those with finance experience from outside the sector. This course will also benefit those who are managing a budget but have had no formal training on the practical aspects of budgetary control.

Course programme

09:20 – 09:45 Registration and Refreshments

09:45 – 11.00 Session One - Finance Terminology - Jargon Buster

An examination and explanation of the core finance terms used by finance staff and accountants.

What Are The Rules?

A brief overview of the legislative and rule based environment for public bodies. Exemplification of the importance of the rules by consideration of a practical case study

11:00 – 11:15 Refreshments

11:15 – 12:45 Session Two - Where Does the Money Come From?

• A simplified and informative explanation of the source of the public sector funds which form the basis for the budgets of public sector bodies.

• Translating Funding into a Budget for Expenditure

• How public sector budgets are constructed

• Types of budgeting which can be used

• Advantages and disadvantages of different types of budgeting

12:45 – 13:30 Lunch

13:30 – 15:00 Session Three - Budgetary Control

• Description of the budgetary control process

• Explanation of what a budget monitoring report is, how to read a budget monitoring report and analysing variances

15:00 – 15:15 Refreshments

15:15 – 16:15 Session Four - Applying the Theory in Practice

Consideration of a small series of case studies to demonstrate a practical application and understanding for non-finance managers

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