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 5-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.

Course Outcomes

• 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
• Accountant
• Budget Managers

After successful completion of this 5 day course on  Forecasting, Budgeting and Financial Statement Analysis in the Public Sector including the assignment/POE the learner will receive 10 Credits from STADIO Multiversity for the subject Public Financial  Management (PFM 100) which will count towards the Higher Certificate in Management NQF level 5 or the Diploma in Management NQF Level 6. The learner will be registered for non qualification purposes with STADIO Multiversity for the subject Public Financial Management (PSC100). All the Qualifications offered by STADIO Higher Education are registered through the prescribed higher education processes and are subject to internal quality assurance processes as far as moderation, assessment and accreditation are concerned. When short courses are aligned to modules of formal academic programmes of the STADIO Higher Education, or SAQA Registered Unit standards, they are credit-bearing short courses

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/ Organiation

Our Accreditation Partner

In terms of the Higher Education Act, all courses and programmes offered by Business Schools resort under the Council on Higher Education’s Quality Committee (CHE QC) for assessment and quality-assurance purposes. All courses offered by STADIO are registered through the prescribed higher education processes and are subject to internal quality assurance processes as far as moderation, assessment and accreditation are concerned. When short courses are aligned to modules of formal academic programmes of STADIO, or SAQA Registered Unit standards, they are credit-bearing short courses. This status is also described in the Criterion Guideline document for Short Courses” from SAQA