Accounting for Performance workshop training seminar wellington

About the workshop

This course is for managers, supervisors, and accounting staff in Central and Local Government who wish to hone their skills and broaden their understanding of public sector accounting.

Accountability and informed decision making are core themes in the Public Sector. Gain confidence and understanding of the principles of accounting that are needed to be successful in your role.

Acquiring and applying accounting skills leads to a better and more efficient utilisation of resources.

The day will challenge participants to share issues and apply insights to the current accounting issues they face.

For
Professionals in the Public Sector who wish to be more confident with accounting and gain an understanding of "what the numbers mean" to make sound and competent management decisions.

Workshop Objectives
Upon completion of this course, attendees should be able to:

Have confidence in understanding accounting terminology and what the numbers mean
Understand costs and implement good cost allocating systems
Identify the most common and reliable costing techniques
Construct performance reporting to assist with decision making
Understand and analyse a department’s balance sheet & income statement
Have knowledge of what the most accepted methods are to evaluate Capital Expenditure (Capex)
Recognise the importance of the Capital Charge
Effectively utilise the concepts of management accounting decision models
Produce forecasts and budgets for various departments
Be confident in implementing effective decisions
Understand the distinction between strategic and tactical decision-making
Distinguish between short-run versus long-run decision making
Present departmental reports in the best financial terms
Have better conversations with others about a department’s performance

Topics

The role of public sector accounting
Management Accounting
Capital Budgeting
Financial management structure
Financial statements including profit & loss and balance sheets
Budgeting, planning & forecasting techniques
Government Reporting - annual financial reports
Linkages to monthly reporting