Surrey Learn

Finance for Non-Financial Managers - Online

Category

Management Development

Audience

 A practical but simplified one-day course aimed at public sector budget managers who have had no formal finance training. The course provides a basic level of knowledge on the background to public sector funding and a practical consideration of public sector case studies to enable delegates take an active role in financial management in their organisation.

Duration

1 day

Delegate rate

Approximately £100 per day per delegate. Charges depend on how many delegates book.

A practical understanding of the finance terminology used, the source of funding for public services, the background to budgeting to enable an active role to be taken in financial management.

By attending this course you will:

• Have a clearer understanding of terminology and the public sector financial management principles

• Gain a better understanding of budgeting, monitoring and control

• Gain an overview of the management accounts function in a public sector organisation

09:15 – 09:30 Registration

Session One - Finance Terminology - Jargon Buster

An examination and explanation of the core finance terms used by finance staff and accountants. Exemplification of the importance of the financial rules by consideration of a practical case study.

Break

Session Two - Where Does the Money Come From?

• A simplified and informative explanation of the source of the public sector funds which form the basis for the budgets of public sector bodies.
• Translating Funding into a Budget for Expenditure
• How public sector budgets are constructed
• Types of budgeting which can be used
• Advantages and disadvantages of different types of budgeting

Lunch Break

Session Three - Budgetary Control

• Description of the budgetary control process
• Explanation of what a budget monitoring report is, how to read a budget monitoring report and analysing variances

Break

Session Four - Applying the Theory in Practice

An exercise to demonstrate a practical application and understanding for non-finance managers.

Session Five – Summary

What good practice questions should you be asking around your organisation’s approach to financial management?

16:00 Course ends

Dates

5 February 2025 at 10:00

Delivered online. You must attend all the sessions.

Online sessions include usual breaks. Course link(s) are auto-sent from [email protected] a few days in advance of delivery. Full instructions and course handouts will also be sent in advance.

Please note you will be expected to use your camera and display your name on all training. If unable to comply, please ensure the trainer understands why and notes your name and authority for recording attendance.

17 spaces remaining

Book this

Join the waiting list