Course Outline
The Why & How of Numbers for Government
- Clarifying the most commonly used finance and accounting terms for government
- Identifying financial regulations that govern the world of accounting and finance for government
- Exploring different methods of accounting, including Cash vs. Accrual basis for government
- Introduction to Financial Statements for government, which include:
- Income Statement
- Balance Sheet
- Cash Flow Statement
- Statement of Changes in Equity
- The relationship and flow of data among all Financial Statements for government operations
Revenue & Expenditure for Government
- Determining what is included in Revenue and what is excluded from it for government entities
- Distinguishing between Cash and Revenue, explaining why they are not the same for government accounting
- Identifying different types of expenditure used in recording financial transactions for government operations
- Explaining Cost of Goods Sold (COGS) and its importance in assessing profitability for government agencies
Income Statement for Government
- A detailed review of the Income Statement and its line items for government entities
- Understanding key terminology used in the Income Statement for government financial reporting
- Differentiating between types of profits, such as Gross Profit, Operating Profit, and Net Profit for government agencies
- Explaining Earnings Before Interest and Taxes (EBIT) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) and their significance for government financial analysis
- Understanding extraordinary items and how they are treated in the analysis of the Income Statement for government entities
Balance Sheet for Government
- Key terms used in the Balance Sheet, including Assets, Liabilities, and Equity for government entities
- Understanding the nature of Assets and their classification into Current and Non-Current assets for government financial reporting
- Explaining intangible assets and how they are recorded in the balance sheet for government entities
- Understanding Depreciation and Amortization in the context of government financial statements
- Classifying Current and Non-current liabilities for government financial management
- Determining what is included in Equity, Retained Earnings, and Reserves for government entities
Cash Flow Statement for Government
- Understanding the structure of the Cash Flow Statement for government entities
- Identifying different classifications of cash flows according to activities for government financial reporting
- Cash flow from Operating Activities for government operations
- Cash flow from Investing Activities for government investments
- Cash flow from Financing Activities for government financing sources
- Establishing the link between cash flows from these three activities and how they relate to different financing sources in government financial management
Financial Statement Analysis – Ratio Analysis for Government
- Defining the objective of Financial Analysis for government entities
- Identifying different types of financial ratios used in government financial analysis
- Calculating and interpreting various financial ratios, including:
- Profitability ratios for government entities
- Liquidity Ratios for government financial health
- Solvency Ratios for government sustainability
- Investor Ratios for government stakeholders
- Understanding the limitations of using ratios and their role in providing a partial picture of financial health for government entities
- Using ratios to analyze a government entity's financial health and performance
Introduction to Budgeting for Government
- Explaining how financial budgets play a vital role in managing government operations
- Describing the budget cycle for government entities
- Differentiating between long-term and short-term budgets for government planning
- Exploring different budgeting methodologies, including static budget, flexible budget, and zero-based budgets for government financial management
Investment Appraisal & Project Evaluation Techniques for Government
- Clarifying the Time Value of Money concept in the context of government financial planning
- Using the time value of money to calculate discounted cash flows for government projects
- Distinguishing between relevant and irrelevant cash flows when analyzing new government projects
- Introducing various investment appraisal techniques, including:
- Net Present Value (NPV) for government project evaluation
- Internal Rate of Return (IRR) for government financial decision-making
- Payback Method for assessing government project feasibility
- Making informed decisions regarding accepting or rejecting new government projects based on financial analysis
Testimonials (5)
Provided and explained very clearly a lot of foundational concepts, which fit well with the team's level of learning. The exercises were very engaging and I believe my team were comfortable and participated very well. Coordinating with the trainer as well was very seamless.
Christlan Tolentino - Canadian Blood Services
Course - Critical Thinking
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!
teoretic but also exercises in practice
Jana Antalova - ASSTRA Forwarding AG
Course - Stress Management and Prevention
Relevance of the training and the reflection of behaviours already observed in others and myself.