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Public Sector Accounting Course » AF54

Public Sector Accounting Course

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DateFormatDurationFees
26 Sep - 30 Sep, 2022Live Online5 Days$2150Register
26 Dec - 30 Dec, 2022Live Online5 Days$2150Register
22 Feb - 24 Feb, 2023Live Online5 Days$2250Register
24 Apr - 28 Apr, 2023Live Online5 Days$2250Register
27 Aug - 31 Aug, 2023Live Online5 Days$2250Register
18 Dec - 22 Dec, 2023Live Online5 Days$2250Register
DateVenueDurationFees
17 Oct - 21 Oct, 2022Houston5 Days$5695Register
13 Mar - 17 Mar, 2023Toronto 5 Days$5695Register
03 Apr - 07 Apr, 2023Dubai5 Days$4750Register
17 Jul - 28 Jul, 2023New York10 Days$9850Register
13 Nov - 01 Dec, 2023Kuala Lumpur 15 Days$14200Register

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COURSE OVERVIEW

What is public sector accounting and finance? Public Sector Accounting and Finance is “a process and procedure of recording, communicating, summarizing, analysing and interpreting Government financial statements and statistics in aggregate and specifics. It is concerned with the receipts, custody, expenditure/disbursement and rendering of stewardship on public funds entrusted”.

What are the roles of Public Sector Accounting? The purposes of Public Sector Accounting include: Demonstrating the proprietary of transactions and their compliance & conformity with the law, established rules and regulations. Measuring current performance. Providing helpful information for the efficient control and effective management of government operations.

This ZTS course looks at accounting and finance in non-business contexts, particularly in relation to national, state and local governments. The course covers aspects around performance measurement, budgeting, financial accounting, reporting and auditing.

Course Objectives

Upon completing this Public Sector Accounting Course successfully, participants will be able to:

  • Demonstrate and display the proprietary of transactions and their conformity with the law, established rules and regulations
  • Measure current performance
  • Give helpful information for the efficient control and effective management of government operations
  • Facilitate audit exercise to be carried out
  • Plan future operations
  • Appraise those in the authority, inefficiency and effectiveness

TRAINING METHODOLOGY

This collaborative Public Sector Accounting Course will comprise of the following training methods:

  • Lectures
  • Seminars & Presentations
  • Group Discussions
  • Assignments
  • Problem Solving Exercises
  • Case Studies & Functional Exercises

ZTS follows the ‘Do-Review-Learn-Apply’ model.

Organisational Benefits

Companies who nominate their employees to participate in this Public Sector Accounting Course can benefit in the following ways:

  • Evaluating and assessing the economy, efficiency and effectiveness with which Public Sector Organisations pursue their goals and objectives
  • Confirming that costs are matched by at least equivalent benefits accruing therefrom
  • Provide the specifics on outstanding long-term commitments and financial obligations
  • Stipulating the means by which actual performance may be compared with the target set
  • Tendering solutions to the various bottlenecks and/or problems identified

Personal Benefits

Individuals who participate in this Public Sector Accounting Course can gain from it in the following ways:

  • Establishing the legitimacy and authenticity of transactions and their compliance with the established norms, regulations and statutes
  • Providing evidence of stewardship
  • Assisting planning and control
  • Assisting objective and timely reporting
  • Providing the basis for decision-making
  • Enriching the appraisal of the efficiency of management

WHO SHOULD ATTEND?

This Public Sector Accounting Course would be suitable for:

  • Public Sector Purchasing and Procurement Managers
  • Departmental Budget Holders
  • Financial Accounting Team Members
  • Finance Managers
  • Planning Managers
  • Public Sector Budget Accountants
  • Assistants to Ministry and Departmental Officials

COURSE OUTLINE

Module 1: Public Sector Finance Management

  • Introduction to Public Sector Finance Management (PSFM)
  • Effective Public Sector Finance Management
  • Objectives of Public Sector Finance Management
  • Role of Fiscal Policy

Module 2: Budget Cycle & Formulation

  • Key Stakeholders in Budget Formulation
  • Budget Preparation
  • Budget Approval
  • Role of Central Treasury
  • Annual v/s Mid-Term Budget

Module 3: Budget Execution

  • Budget Execution strategies
  • Factors to Control Public Revenue
  • Revenue Management
  • Public Sector Management and Accountability

Module 4: Project Management

  • Project Identification
  • Project Planning & Execution
  • Project Monitoring & Closing
  • Benefits accruing in future

Module 5: Public Sector Governance

  • What is Public Sector Governance?
  • Responsibilities of Board of Directors / Governors
  • Consequences of Poor Governance
  • Necessity of Internal Controls
  • Internal Control Procedures
  • Functions of Audit Committees

Module 6: Auditing Public Sector Enterprises

  • Role of Internal Audit
  • Supreme Audit Institution
  • Functions of Supreme Audit Institution
  • Report of Supreme Audit Institution

Module 7: International Public Sector Accounting Standards

  • Presentation of Public Sector Accounting Standards
  • Cash Flow Statement
  • Property Plant & Equipment
  • Presentation of Budget Information in Financial Statement

Module 8: General Accounting Concepts

  • Historic Cost
  • Prudence
  • Consistency
  • Materiality

Module 9: Public Sector Financial Statements

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Statement of Equity
  • Horizontal Balance Sheet and Income Statement
  • Vertical Balance Sheet and Income Statement

Module 10: Public Sector Financial Statements

  • Special Funds
  • Case Study

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Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.