Introduction to Public Sector Accounting and Budgeting

Summary
This course will provide a practical-based introduction and overview of the content and preparation of public sector accounts and budgets with reference to published accounts.
Venue details:  
Belfast, The Linenhall, 32-38 Linenhall Street, Belfast
Start date & time:  
27 September 2019 09:30
End date & time:  
27 September 2019 13:00
Price: €86.13  (€81.82 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.50
CPD hours:  
3.50
Speaker details
First nameLast name
Peter Martin Connon

Description

Product type:  
CPD course
Category:  
Financial reporting

Who should attend?

This course is designed specifically for delegates who are new to the public sector of or who have recently moved to a different public sector accounting role. It will also provide concrete learnings for the preparers, users and auditors of public sector accounts and budgets wishing to understand the accounting requirements and how the processes within the reporting framework link together.

Preparers of balance sheet account reconciliations, management accounts and budget schedules in support of the annual accounts and budget preparation process will also benefit from this course. It will also interest Finance delegates within an Agency / NDPB wishing to gain an insight into the nuances of financial reporting for Departments.

Course overview

  • Central government funding including Request for resources, Estimates process, Monitoring Rounds;
  • Budgets – DEL, AME and non-budget classifications; application of CED codes
  • Consolidated Fund Extra Receipts (CFERs);
  • Annual Report and Accounts preparation.
  • Overview of reporting structures – Department, NDPB, Agency, Other
  • Reporting Guidelines and reference material.
  • Regularity / Value for Money.
  • Interactions with AccountNI, DoF, NI Audit Office.
  • Losses and Special Payments.
  • Consolidation of ALB Accounts.

Key learning outcomes

  • Delegates will obtain a good thorough understanding of the practical approach to preparing annual accounts and budgets within the public sector, how the various strands link together and where to source relevant guidelines and templates.
  • Understanding CFER’s and the Statement of Assembly Supply.
  • The use of relevant examples will provide a good strong foundation to develop a thorough understanding of public sector accounting and explain how individual elements contribute to the preparation of the Accounts.