How to prepare public sector accounts – Departments


This course will provide a very practical-based look into the preparation of The Departmental Annual Report and Accounts within the Public Sector context using worked examples with reference to guidelines, templates and checklists.

Venue details:  
Belfast, The Linenhall, 32-38 Linenhall Street, Belfast
Start date & time:  
04 December 2019 09:30
End date & time:  
04 December 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:  
CPD hours:  
Speaker details
First nameLast name
Peter Martin Connon


Product type:  
CPD course
Financial reporting

Who should attend?

  • Financial reporting staff preparing departmental public sector accounts – from support staff to experienced accountants seeking further guidance to make the process more efficient.
  • Users or auditors of resource accounts and other staff providing a supporting role and wishing to expand their understanding of the annual accounts preparation process and how the various strands within the reporting framework link together.
  • Finance delegates within an Agency / NDPB wishing to expand their existing knowledge or gain an insight into financial reporting for Departments.

Course overview

  • Guidelines: FReM, Managing Public Money, Department Yellow, NDPB Green, Agency Pink, IFRS, Hot review checklist, FReM disclosure guide.
  • Accounts planning process;
  • Audit file preparation: format, content and presentation to NI Audit Office.
  • RAM reporting and reconciliations; Accounting for Fixed assets;
  • Consolidation – requirements and approach;
  • Estimates – Issues to look out for (use of NBV’s in Asset disposals, Unrealised Gains/Losses, CFER’s);
  • Statement of Assembly Supply and Notes – link to budgets and estimates;
  • Statement of Cash flows – practical preparation and guidance;
  • Fixed Asset Reporting - RAM GL Reconciliation - Analysis 1 Oracle codes;
  • Provisions;
  • Supply Debtor and Consolidated Fund Extra Receipts (CFER’s);
  • The link between account codes, estimate codes and CED budget codes.

Key learning outcomes

  • Participants will gain exposure to a step-by step approach to preparing the Annual Report and Accounts. They will learn how the various constituents of the Annual Report and Accounts link together and will take away practical tips and guidelines to assist with the preparation of the more complex elements of the process.
  • The course will explain the implications of CFERs and how they are presented in the Statement of Assembly Supply (SOAS) and the reconciliation between the SOAS note 3 and The Statement of Cash-flows.
  • Detailed review of reporting for Fixed Assets and how to prepare Fixed Asset notes from RAM using analysis codes.
  • An understanding of the different treatments of provisions, asset disposals and realised and unrealised foreign exchange gains for accounting and estimates purposes.