Forecasting, Budgeting and Financial Statement Analysis in the Public Sector
Forecasting, Budgeting and the need for public accountability is essential to the improvement of service delivery for public sector entities. The Public service are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, controlling expenditure and reducing cost represent essential activities to be performed and measured by government departments as they implement their key processes, activities and operations for effective service delivery. Resource allocation and policy implementation is a crucial piece of the accountability cycle, this include facing the difficult challenge of improving performance while reducing costs of those processes for which they are accountable.
This workshop will enable learners with forecasting, budgetary and financial analysis skills, which are crucial for managing and controlling resources in times where the budgets are integrated with both the achievement of strategic objectives and the evaluation of future plans and initiatives.
This comprehensive 4-day programme will assist in measuring differences between actual events and the plan that was adopted to achieve certain objectives, it will also help in evaluating an organisation’s Financial Statement performance during and at the end of the accounting period. Delegates will be equipped to apply Forecasting, Budgeting and Financial Statement Analysis in the Public Sector which will increase productivity and departmental performance.
- Integrating Forecasting and Budgeting as Essential Tools for Measuring Performance
- Linking Strategic Planning and Budgeting
- Describing the Budgetary Process
- Revealing an Understanding of the Concept “Performance Budgeting”
- Applying Budgetary Control at a Departmental or Institutional Level
- Highlighting the Importance of the Management of Revenue, Expenditure, Assets and Liabilities (REAL) during the Expenditure Framework Period
- Performance Management and Risk
- Capital Budgeting
Who Should Attend?
- Finance Directors and Managers
- Deputy and Assistant Directors
- Directors and Line Managers
- Corporate and Regional Treasurers
- Treasury Managers
- Senior Accountants and State Accountants
- Manager Revenue
- Financial and Credit Controllers
- Budget Managers
After successful completion of this 4-day course including assessment and POE, You may earn credits towards a formal qualification presented by STADIO. NQF Level 5 or NQF Level 6
This Workshop is aligned to the following Unit Standard (s)
120360 Demonstrate Understanding of Financial Accounting Principles for Public Entities
243117 Set Budget Parameters for Public Sector Department/ Organisation
Johan Christian BenadeBA, BA Hons, Masters in Administration, Diploma in Financial Planning
Johan was with Spoornet for over 17 years, where he occupied various management positions up to the level of Executive Management. He built on his experience at Spoornet and is currently in the skills development area, where he lecturers at several educational and training institutions. His focus areas are: Transport and Fleet, Taxation, Financial Planning, Economics, Financial Management, Accounting (Both in the Public Service and
Private Sector), Cost Management, Business Ethics, Corporate Strategy and Strategic Management. As a Lecturer, he has presented a number of training programs at Regional and Local Government. Which include Public Financial Management and Budgeting, Finance and Reporting, Asset Management, Policy Development and Analysis, Advanced SCM and Procurement in the Public Sector, Performance and Risk based Auditing amongst
Ronald BotesMBA, (CFO) SA