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 (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.