Public Financial Management Bootcamp (8 days)

Course code: 3999


The course is split into 11 modules across 8 days. Each module builds on the previous one with a series of case  studies and exercises testing the delegates understanding of the issues. The course culminates with a module which brings all the other modules together by focusing on the need to communicate financial information, and the impact of that information, to other people who do not necessarily have a detailed understanding of finance.

  • Module 1 is focused on the basics of Government Finance and how public finance is raised and expenditure is controlled. Modules 2, 3 and 4 cover the principles of financial reporting, budget management and Value for Money, including an accountancy based business simulation.
  • Module 5 covers risk management and internal controls.
  • Modules 6, 7 and 8 look at revenue management, investment appraisal and the financial elements of business cases and expenditure management, while module 9 looks at aspects of contract management.
  • Module 10 considers the importance and role of audit in relation to financial and operational management and Modules 11 concludes by looking at the effective communication of financial  information.

Successful completion of the course will provide delegates with much of the knowledge and many of the skills to help them to move into senior Public Sector roles in the following areas:

  • Financial accounting
  • Management accounting
  • Revenue management
  • Cost reduction and assessing value for money
  • Internal auditing
  • Investment appraisal
  • Financial control
  • Financial governance
  • Procurement
  • Contract Management

Registration fee for this unique event includes:

  • 8 days of formal tuition by some of our most senior instructors.
  • Full set of course materials (including case studies, illustrations and examples).
  • An iPad Mini which you can use for research during and after the course.
  • A local sightseeing tour, arranged and paid by IASeminars.
  • Lunch and refreshments on every teaching day.
  • Farewell dinner with graduation photographs.


  • Module 1 - Introduction
    • The basics of Government finance
    • The control of public money
    • Where the money comes from and how it is allocated and distributed
    • Debt finance
    • The need for accountability
  • Module 2 – Financial Reporting and Public Sector Finance Simulation
    • Cash accounting
    • Accruals v cash accounting
    • Link between the Income Statement, Balance Sheet and Cash Flow Statement and finance simulation
    • Capital v resource
    • Valuation v historic cost
    • Financial reporting and financial reporting frameworks
    • Migrating to accruals based accounting
  • Module 3 – Planning and Budget Management
    • Strategic planning
    • The annual financial cycle of activities
    • Service line planning
    • Budgeting
    • Budget execution and in year management
    • Forecasting
  • Module 4 – Value for Money
    • Economy, efficiency and effectiveness
    • Delivering services in a way which gives value for money to tax payers
    • Prioritisation of services
    • Measuring value for money
    • Performance management
  • Module 5 – Risk Management
    • Risk identification in the public sector
    • Risk management
    • What is governance
    • The link to internal controls
    • Types of internal controls
    • Effectiveness of internal controls
  • Module 6 –Revenue Management
    • Sources of revenue
    • Generating optimal mix of revenue from different sources
    • Revenue budgeting and forecasting
    • Pricing goods and services
    • Revenue collection and mechanisms for closing revenue leakages
    • Bidding for and claiming grants
  • Module 7 – Investment Appraisal and Business Cases
    • Objective and components of a business case
    • Financial and economic case
    • Techniques for financial appraisal
    • NPV calculations
    • Affordability and value for money
    • Capital budgets
    • Property asset management
  • Module 8 – Expenditure management and Procurement
    • The procurement cycle
    • Procurement principles and process
    • Knowing the market place
    • Evaluating tenders to achieve best value for money
    • Controls over procure to pay
    • Cost containment strategies
  • Module 9 – Best Practice in Contract Management
    • The Link to procurement
    • Contract administration
    • Supplier relationship management
    • Managing the supplier’s performance
    • Contract end or exit
  • Module 10 – Internal audit Modern
    • View of internal audit
    • Attributes of an effective internal auditor
    • Risk Based internal auditing
    • Audit planning and execution
    • Audit recommendations
  • Module 11 – Effective communication of Financial Information
    • Presentation of financial information
    • Helping others to understand the link from operational activities to finance
    • Effective report writing
    • Influencing others to make good financial decisions

Detailed Agenda

The workshop will consist of eight days of instruction and participation, separated by a weekend break.

Note the working week in the following course locations:

USA: Monday-Friday 

Europe: Monday-Friday 

UAE: Sunday-Thursday

The teaching day will be from 9am to 6pm. Please arrive at the seminar room by no later than 8.45am.

Teaching method

  • Group live instruction in a workshop format
  • Review of a variety of case studies and exercises
  • Understanding best practice in certain areas
  • Business Simulation
  • High level of attention to individual participants
  • Interactive participation is encouraged
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials


Several years’ experience in public sector finance roles will be helpful. No advance preparation is required for this course.

Course benefits

  • Gain in-depth knowledge of best practice government finance processes
  • Understand how all government finance roles should fit together
  • Take your public sector finance skills to an advanced level
  • Understand how to communicate with people who don’t have a finance background
  • Be able to move into a different public sector finance role
  • All participants receive an iPad Mini to be used for technical research during and after the course
  • City tour and graduation dinner, arranged and paid by IASeminars


See what past participants said about this course:

Excellent. Very complete course, interesting and eye-opening of public sector activities. Thank you.

The content & structure was excellent and delivered well.

Who should attend?

  • Public sector finance staff from around the world
  • Part qualified and qualified accountants who want to move into public sector roles

CPE / CPD Accreditation


IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: 

Field of study: Accounting

ICAEW Partner in Learning

IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs.

Texas State Board of Public Accountancy

IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 009689. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.


  • Our London seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.


  • Nick Auer

    Nick Auer is an experienced training consultant specialising in Finance and Financial Reporting. A UK chartered accountant with over 16 years’ experience, Nick’s clients include a variety of organisations in both the public and private sectors. In the public sector, Nick specialises in delivering training on financial reporting matters (IFRS and IPSAS), finance training for non-finance managers, and courses on value for money and efficiency, budget management, procurement and contract management. He also has consulting experience on finance transformation projects (e.g. conversion to accruals accounting; conversion from UK GAAP to IFRS etc.). His clients have included the Ministry of Defence, the National Health Service, the Home Office, Foreign and Commonwealth Office, the UK Border Agency, local government etc. Nick also has significant experience in teaching financial reporting and other financial topics to the private sector. He has delivered introductory and advanced training on IFRS topics including group accounts, financial instruments, leasing, assets, intangibles, impairment and pensions as well as industry-specific technical updates. Nick has worked for clients in the oil, financial services, telecoms, medical equipment, transport infrastructure, insurance, construction, manufacturing, beverages, shipping, recycling and information industries.

    Alan Mayo

    Alan Mayo is a highly experienced instructor in the field of international financial reporting, with a particular professional interest in IFRS for oil and gas companies and also in IPSAS for the public sector. He is a UK chartered accountant with over 20 years of experience as an auditor and consultant with PricewaterhouseCoopers in both London and Paris. A founding member of the PwC Client Training business in London, Alan delivered courses on financial reporting and financial management to a wide range of PwC clients. Alan regularly instructs courses on international oil and gas accounting, and he has delivered in-house programmes for such organisations as ENI, Petronas, Kogas, Saudi Aramco, Nigerian Liquefied Natural Gas and the Ugandan Revenue Authority. He previously worked as an auditor on the privatisation of British Gas, and taught financial reporting and financial controllership programmes for Shell. Alan also managed a team within PwC that provided training and change management support to UK public sector agencies as they transitioned from cash to accruals based accounting, including the Foreign and Commonwealth Office and the Ministry of Defence. His current work includes supporting UK local authorities and not for profits in developing the financial management skills of their staff, and he has worked extensively with the UN and other international organisations in their transition to IPSAS. An independent training consultant since 2001, Alan has been a senior instructor with IASeminars since 2004.

In House

To bring this course in-house please contact us and we will be pleased to assist

Course details

Course schedule

Select a start date for more details

11 Mar 2019 London

Course level:
64 hours
Start date:
11 Mar 2019
Start time:
Finish date:
20 Mar 2019
Finish time:
GBP 6,400
Subject to UK VAT (Read more)
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