Financial management: fundamentals for the NSW public sector

Overview

This workshop provides skills and knowledge required to support ‘The Financial Management Framework for the General Government Sector’ outlined in the NSW Treasury Policy and Guidelines Paper TPP 00–4. It is aimed at those wanting to learn the fundamentals of financial management in the public sector, line managers and above with financial responsibilities, members of agency or business unit or administrative teams needing improved financial knowledge and skills.

Course Content

This workshop examines the three key accrual based financial reports used in government and in government business enterprises. It looks at other accounting issues such as establishing accounting systems, obtaining information to meet management needs, employee entitlements and managing non-current assets.

Course Outcomes

By the end of this course attendees should be able to:

• understand fundamental accounting elements
• understand the role and function of the three key financial statements
• record post-financial transactions in a general ledger
• identify the main components of a modern accrual accounting and financial management system
• apply accounting principles for receivables and payables, using an accrual accounting system
• apply accounting principles for non-current assets
• apply accounting principles for employee entitlements.

Benefits to your organisation

• increased knowledge of the NSW Government financial framework
• staff with greater understanding of financial processes
• staff who are able to monitor and manage agency financial resources

Benefits to you

• knowledge of financial terms and basic financial transactions
• understanding of the key financial reports and what they tell us
• increased awareness of the NSW Government financial framework