Public Finance Budgetary Control
February 15 & 23, 2024 | 10:30 AM – 2:30 PM EST | Online
Training Overview
Maximising financial resources through responsible budgeting
Welcome to the Public Finance and Budgetary Control training session for government employees! This training provides government employees involved in budget preparation, execution, monitoring, or reporting with a comprehensive understanding of budgetary control principles, concepts, and techniques in public finance. You will delve into budget formulation, review, and approval, budget monitoring and reporting, and how budgetary control applies to public service delivery to ensure that public funds are utilized efficiently, effectively, and equitably to meet the needs of citizens and achieve the goals of government and establish the effect of budgetary control on financial performance.
Led by an experienced trainer with expertise in public finance and budgetary control, this training empowers attendees with skills and knowledge to excel in managing budgets, monitoring performance, and achieving financial accountability. By the end of the training, attendees will be equipped to navigate the budgetary control process and contribute to the financial management capability of the North American government.
Get ready to unlock the key principles of budgetary control and enhance your understanding of public finance management. Let’s embark on this learning journey together to drive fiscal responsibility and maximize the use of public funds for the betterment of the North American government and its constituents.
Who Should Attend
This course is designed for:
Financial Managers and Analysts
Budget Officers, Analysts, Coordinators and Administrators
Government Accountants and Auditors
Learning Outcomes
Gain understanding about budgetary control principles and concepts in public finance, including budget formulation, review, approval, monitoring, and reporting
Acquire practical skills in budget control, including budget development, financial performance analysis, and identifying and mitigating risks
Enhance decision-making skills by using budgetary control techniques to assess budget proposals, prioritise spending, and align budget priorities with organisational goals
Create a proactive approach to budgetary control by monitoring financial data, identifying variances, and implementing corrective actions to optimise public funds usage and ensure financial accountability
Meet Your Facilitator
Chinmay Ananda
Financial Educator, Business Storyteller, Speaker, Author & Investor
Since 2014, Chinmay has trained and consulted over 8,000 business owners and non-financial managers on the subject of business finance, and over 12,000 students in Australia, India, China and Indonesia.
Chinmay is known for his research on hundreds of failed businesses to discover ‘Common Finance Mistakes made in Business’ that he has presented to the Australian Taxation Office (ATO), The Institute of Chartered Accountants of India (ICAI), Certified Practising Accountants (CPA), and various Industry Associations and Councils.
He has developed finance programs that are taught to MBA students in Australia. He teaches the same at the Royal Melbourne Institute of Technology (RMIT), Ducere Global School of Business, and Insight Academy of Entrepreneurship. He served as a ‘National Treasurer’ of Professional Speakers Australia between 2018 – 21, and is an active Rotarian.
He is the proud owner of six failed startup ventures. He is proud to have failed so many times, as it prompted him to find out the reasons why. This made him interview hundreds of entrepreneurs, CFOs, and financial gurus which made him understand the practical challenges faced by them daily. He actively invests and raises funds for startups and businesses along with providing strategic consulting services whilst selling, buying, merger & acquiring companies.
Chinmay has authored two books – “FUNdamentals of Financial Statements” and “The Bottomline”. The content in these books has been researched, tested and presented over eight years to make the subject of business finance FUN to learn!
Key Sessions
Introduction to Public Finance Control
- Introduction to Public Finance Control
- Government, Public Service, and Industry Statistics
- Why bother and who cares?
- Accountability
- Semantics: budgets, projections, forecasts
- Continuing self-development program – a different
- Reading
- Listening
- Viewing
- ‘Nothing’
Understanding the Budgetary Process
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- Principles of budgetary control
- Budget objectives and target
- Budget preparation and approval
- Budget execution and monitoring
- Budget evaluation and audit
- Reflections and Closing Remarks
Budgetary Control Systems
- Budgetary Control Systems
- Overview of budgetary control systems
- Types of budgetary control systems
- For and against different systems
- What to consider when choosing a system
- Taking the organization from HERE to THERE
- Budgetary control systems
- Setting KPIs
- Setting standards
- Methodologies
- Action plan
Systems Implementation
- Systems Implementation
- Communicating the budget and principles behind it
- Developing the team by training
- Reporting progress
- Reflections
- Key learnings for the day
- Key learnings for the overall training
- What are your takeaways?
Registration
Early Bird 2
until January 12, 2024
Save $200
$795 USD
per person + GST
Regular Price
Limited slots
$995 USD
per person + GST
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