Course Outline
The Why & How of Numbers for Government
- Clarifying the most commonly used finance and accounting terms, including:
- Financial regulations that govern the world of accounting and finance
- Different methods of accounting: Cash vs. Accrual basis
- Introduction to Financial Statements, which include:
- Income Statement
- Balance Sheet
- Cash Flow Statement
- Statement of Changes in Equity
- The interrelationships and data flow among all Financial Statements
Revenue & Expenditure for Government
- What is included in Revenue and what is excluded from it
- Cash vs. Revenue: Why these are not the same
- Different types of expenditures used in recording financial transactions
- Cost of Goods Sold (COGS): Importance and impact on profitability
Income Statement for Government
- A detailed review of the Income Statement and its line items
- Key terminology used in the Income Statement
- Different types of profits: Gross Profit, Operating Profit, Net Profit
- EBIT and EBITDA and their significance
- Extraordinary items and their role in analyzing the Income Statement
Balance Sheet for Government
- Key terms used in the Balance Sheet: Assets, Liabilities, and Equity
- Nature of Assets and their classification into Current and Non-Current assets
- Intangible assets and their recording in the balance sheet
- Understanding Depreciation and Amortization
- Classification of Current and Non-Current liabilities
- Inclusion in Equity, Retained Earnings, and Reserves
Cash Flow Statement for Government
- Structure of the Cash Flow Statement
- Different classifications of cash flows according to activities
- Cash flow from Operating Activities
- Cash flow from Investing Activities
- Cash flow from Financing Activities
- Linking cash flow from the three activities and relating them to financing sources
Financial Statement Analysis – Ratio Analysis for Government
- Objective of Financial Analysis
- Different types of financial ratios
- Calculation and interpretation of various financial ratios, including:
- Profitability ratios
- Liquidity Ratios
- Solvency Ratios
- Investor Ratios
- Ratios as part of the full picture
- Using ratios to assess a company’s financial health
Introduction to Budgeting for Government
- The role of financial budgets in managing government operations
- The budget cycle
- Long-term vs. short-term budgets
- Different budgeting methodologies: static budget, flexible budget, zero-based budgets, etc.
Investment Appraisal & Project Evaluation Techniques for Government
- Understanding the Time Value of Money concept
- Calculating discounted cash flows using the time value of money concept
- Distinguishing between relevant and irrelevant cash flows when analyzing new projects
- Introduction to various investment appraisal techniques, including:
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Payback Method
- Decision-making regarding project acceptance or rejection
Testimonials (4)
Body scan
Piotr Chwiedziewicz - Grupa OLX
Course - Mindfulness for Business Professionals
SMART Goal session was the most enjoyable part of the training that helped me manage my time properly. it helps me set my goal clearer and i could really see that setting SMART Goal can relate to almost everything such as Finance, Social Life, Career and Personal Growth.
Manot Sae - MVCI (Thailand) Limited
Course - Workshop: Boost your productivity with this new method!
I liked the involvement of the trainer and how her energy involved also the participants, the training was interesting, with many practical supporting facts and examples, practical exercises. It was great!
Jelizaveta (Liza) - ASSTRA Forwarding AG
Course - Stress Management and Prevention
Relevance of the training and the reflection of behaviours already observed in others and myself.