So it is even more essential than in the past for there to be effective implementation processes for public sector financial management and service delivery.
This is a continuous process of planning, implementation, evaluation, audit and improvement based on the outcomes – in other words, as a financial management cycle in which:
Earlier steps lead logically to later steps during the financial year
At the end of the process internally (and, from the auditors, externally) evaluation and review whether or not what was planned was actually delivered and how it might be done better in future.
What Is The Training Course Methodology?
This training course methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as theoretical lectures and/or open discussion to exchange opinions and experiences, scenarios, innovative thinking brainstorming. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets.
Who Should Attend This Training Course?
This training course is designed for employees in financial departments, accountants and candidates in managerial and administrative positions.
What Are The Training Course Objectives?
Identify duties and responsibilities of the financial and accounting departments
Reach highest staff performance level in order to make the financial department is the main source of information
Operational performance management – ensuring that planned service outcomes are actually achieved
Budgetary control and integrated financial management – confirming that planned service outcomes are achieved within allocated budget
Evaluation – internal review of how processes and outcomes can be improved
Audit – external verification and also independent advice on how processes and outcomes can be improved.
What Is The Training Course Curriculum?
Financial Manager Role in Organizations
Main tasks and duties of the financial manager
Financial manager, the financial controller and the treasurer
Financial manger relation with admin department and other departments
Financial department scheduling
Short and long-term cash flow prediction
Dealing with receivables and cash payments
Case study (I)
Payments Accounts and other Commitments Management
Assurance procedures of organization payments regularity
Registration, discounts and reports and payments follow up
Payments without invoices
Case study (II)
End Period Reports Preparation
Audit process Preparation
How to deal with the external auditor?
Terminal and financial statements analysis
Measuring operation, financing and investment risks
Personnel management in the financial and accounting departments
Individuals Qualification in financial departments
Absenteeism problems and dealing with the special cases