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Planning & Budgeting in the Public Sector (1 day)

Course Details

Code:3982
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Introduction

This interactive workshop is designed to introduce you to a number of different models for planning (eg input and output planning) along with the critical considerations for each. It will also discuss the importance of the golden thread ensuring that there is a link from organisation or corporate plans, through service area plans, right down to individual performance measures. This ensures that staff are incentivised to plan on a basis that is consistent with the organisation’s priorities. It also covers various budgeting models and then how to ensure you deliver against those budgets and what to do if things go wrong. The workshop allows you the opportunity to try out budgeting models in a safe environment so that you can adapt and use them for the specific circumstances in your own organisation.

At the end of this workshop participants will:

    • Have practical models you can take back to your organisation
    • Be equipped to produce corporate and service area plans in a variety of ways dependent on what public sector outcomes they are trying to achieve
    • Understand the importance of the golden thread
    • Have been introduced to incremental and zero based budgeting and when they are appropriate in the public sector
    • Be able to help colleagues manage in year against their budgets both operationally and financially

Please note that this course is part of a more comprehensive public financial management programme which lasts 9 days. See here for more details.

Please note that this course is one in a series of management accounting titles. See all related courses below:

Learning Objectives

  • To understand UK best practice in how to derive budgets from strategic level plans eg community strategies, corporate plans
  • To understand what can go wrong in public sector planning and budgeting, and know how to prevent that happening
  • To produce realistic budgets that demonstrate the expected real cost of delivering an organisation’s outputs
  • To have meaningful budgets and be able to measure a service area’s performance against them
  • To exercise financial and operational control in a simple way

Who Should Attend

The course is aimed at middle ranking finance professionals in the public sector or those in charge of public services or budgets. You are likely to:

  • Have some contribution to or responsibility for producing service plans and budgets
  • Be assessed on how well an organisation has performed against its budget
  • Have a desire to be able to demonstrate that your service area is well run
  • Be interested in planning for a sustainable future for the organisation

Topics

  • Planning and thegolden thread
  • Input and outputplanning
  • Types of budget
  • Cash v accrualsbased budgeting
  • The budgetsetting process
  • Budgeting forincome
  • The importance ofunderstanding cost drivers
  • In year managementand forecasting year end outturn

Teaching Method

  • To understand UK best practice in how to derive budgets from strategic level plans eg community strategies, corporate plans
  • To understand what can go wrong in public sector planning and budgeting, and know how to prevent that happening
  • To produce realistic budgets that demonstrate the expected real cost of delivering an organisation’s outputs
  • To have meaningful budgets and be able to measure a service area’s performance against them
  • To exercise financial and operational control in a simple way

Instructors

The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.

Venue

Our 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.

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: www.nasbaregistry.org .

 

Field of study: Accounting

Prerequisites

Attendees should have a background in finance, a basic understanding of public sector financial concepts, or have attended the IASeminars “Basics of Public Sector Finance” module.