CFC3003: Training on Mastering Financial Operations in the Public Sector & Public Sector Budgetary Process with Application of Advanced Excel
Description
Day 1: Fundamentals of Public Sector Financial Management & IPSAS Framework
1.1 Understanding Public Sector Financial Management
- Overview of public sector finance
- Key objectives & principles of Public Financial Management (PFM)
- Differences between public & private sector financial management
1.2 IPSAS Framework in Public Sector Finance
- IPSAS 1 – Presentation of Financial Statements
- IPSAS 2 – Cash Flow Statements
- IPSAS 24 – Presentation of Budget Information in Financial Statements
- Accrual vs. cash basis accounting in public finance
1.3 Excel for Public Sector Financial Operations
- Data Validation, Conditional Formatting for financial data
- SUMIF, AVERAGEIF, COUNTIF for basic financial analysis
- Excel templates for structured financial reporting
Day 2: Public Sector Budgeting Process & Forecasting
2.1 Public Sector Budgeting Process
- Budget formulation, approval, execution & control
- Linkage between policy planning & budgeting
- Legal framework governing public sector budgeting
2.2 Revenue Forecasting & Budget Planning
- Forecasting techniques: historical trends, economic indicators
- Performance-Based Budgeting (PBB) & Zero-Based Budgeting (ZBB)
2.3 Excel for Budgeting & Forecasting
- TREND, FORECAST, LINEST for revenue projections
- What-If Analysis, Goal Seek for scenario modeling
- Pivot Tables for multi-year budget analysis
Day 3: Public Sector Expenditure Management & IPSAS Compliance
3.1 Expenditure Management & Control
- Capital vs. recurrent expenditures
- Commitment-based budgeting in government institutions
- Public procurement planning & expenditure tracking
3.2 IPSAS & Public Sector Expenditure Control
- IPSAS 17 – Property, Plant & Equipment
- IPSAS 19 – Provisions, Contingent Liabilities & Contingent Assets
- IPSAS 31 – Intangible Assets
3.3 Excel for Expenditure Monitoring
- SUMIFS, INDEX & MATCH for expenditure variance analysis
- VLOOKUP, HLOOKUP for tracking procurement payments
- Power Query for consolidating multi-department expenses
Day 4: Cash Flow Management & Treasury Operations
4.1 Public Sector Treasury Management
- Role of the treasury in government finance
- Cash flow optimization & liquidity management
- Commitment control systems in the public sector
4.2 IPSAS & Cash Flow Reporting
- IPSAS 2 – Cash Flow Statements
- IPSAS 9 – Revenue from Exchange Transactions
- IPSAS 23 – Revenue from Non-Exchange Transactions
4.3 Excel for Cash Flow Management
- TREND, OFFSET, INDIRECT for cash flow projections
- DSUM, DAVERAGE for tracking cash inflows & outflows
- Bank reconciliation using TEXT, LEFT, MID, RIGHT functions
Day 5: Internal Controls, Risk Management & Compliance
5.1 Strengthening Internal Controls in the Public Sector
- Key financial risks in public sector management
- Fraud detection & prevention strategies
- Role of internal & external audits
5.2 IPSAS Guidelines on Internal Controls & Risk Mitigation
- IPSAS 3 – Accounting Policies, Changes in Estimates & Errors
- IPSAS 20 – Related Party Disclosures
5.3 Excel for Risk & Compliance Monitoring
- IFERROR, ISERROR, ISBLANK for data integrity checks
- Automating exception reports using Macros & VBA
- Power Pivot for real-time financial control dashboards
Day 6: Performance-Based Budgeting & Financial Monitoring
6.1 Principles of Performance-Based Budgeting (PBB)
- Setting Key Performance Indicators (KPIs)
- Linking budget allocation to performance outcomes
6.2 Monitoring & Evaluating Budget Performance
- Variance analysis techniques
- Mid-year budget reviews & adjustments
6.3 Excel for Budget Performance Analysis
- VAR.P, VAR.S, STDEV.P, STDEV.S for financial performance analytics
- Pivot Tables & Pivot Charts for budget dashboards
- Excel Slicers for dynamic data analysis
Day 7: Public Sector Debt Management & Fiscal Sustainability
7.1 Principles of Debt Management in the Public Sector
- Understanding public debt: domestic vs. external
- Debt sustainability analysis & fiscal responsibility
7.2 IPSAS for Debt Reporting & Liabilities
- IPSAS 5 – Borrowing Costs
- IPSAS 29 – Financial Instruments: Recognition & Measurement
7.3 Excel for Debt & Liability Management
- PMT, PV, FV for loan amortization calculations
- Scenario Analysis for debt restructuring using Data Tables
- Forecasting debt repayment plans using LINEST
Day 8: Financial Reporting & Consolidation in Public Sector Entities
8.1 Preparing Public Sector Financial Reports
- Financial statements preparation & consolidation
- Transparency & accountability in financial disclosures
8.2 IPSAS Guidelines for Financial Reporting
- IPSAS 6 – Consolidated Financial Statements
- IPSAS 22 – Disclosure of Financial Information about the General Government Sector
8.3 Advanced Excel for Financial Reporting
- Dynamic reporting with Power Pivot
- Automating financial statement generation using VBA
- Creating interactive financial dashboards
Day 9: Auditing & Accountability in Public Sector Finance
9.1 Public Sector Auditing Process
- Key audit requirements for government institutions
- Role of Supreme Audit Institutions (SAIs)
9.2 IPSAS & Public Sector Auditing Standards
- IPSAS 30 – Financial Instruments: Disclosures
- IPSAS 33 – First-Time Adoption of Accrual Basis IPSAS
9.3 Excel for Audit & Fraud Detection
- Conditional Formatting for identifying anomalies
- MATCH, EXACT functions for reconciling datasets
- Using Excel Macros for automated audit reports
Day 10: Automation & Digital Transformation in Public Sector Finance
10.1 Future Trends in Public Sector Financial Management
- Digitalization of government finance processes
- Emerging technologies in budgeting & financial reporting
10.2 Automating Public Sector Finance Operations
- Integration of Excel with financial management systems
- Using Power BI for real-time budget monitoring
10.3 Excel for Process Automation
- Automating data entry & reporting with VBA & Macros
- Power Query for consolidating large datasets
- Creating interactive dashboards for decision-makers
Description
Mastering Financial Operations in the Public Sector & Public Sector Budgetary Process with Application of Advanced Excel
By the end of this 10-day comprehensive course, participants will be able to:- Understand Public Sector Financial Management Principles
- Gain insights into the unique characteristics of public sector finance compared to private sector finance.
- Understand the legal and regulatory framework governing public financial management.
- Apply IPSAS Standards in Public Sector Accounting
- Interpret and apply key IPSAS standards (IPSAS 1, 2, 5, 9, 17, 19, 23, 24, etc.) in financial reporting.
- Differentiate between cash basis and accrual basis accounting in public sector entities.
- Enhance Budgeting and Forecasting in the Public Sector
- Develop and manage public sector budgets using Performance-Based Budgeting (PBB) and Zero-Based Budgeting (ZBB) principles.
- Utilize Advanced Excel for budget projections, variance analysis, and financial forecasting.
- Strengthen Public Sector Expenditure and Cash Flow Management
- Implement effective expenditure control mechanisms to minimize wastage and misallocation of resources.
- Apply IPSAS 2 (Cash Flow Statements) for improved cash flow monitoring and reporting.
- Utilize Advanced Excel functions (SUMIFS, INDEX & MATCH, VLOOKUP, Power Query, etc.) to track, analyze, and optimize cash flows.
- Improve Debt Management and Fiscal Sustainability
- Understand public debt structures, borrowing strategies, and fiscal responsibility in government finance.
- Use Excel financial functions (PMT, PV, FV, Scenario Analysis, Forecasting) for debt sustainability analysis and repayment planning.
- Enhance Internal Controls, Risk Management, and Compliance
- Identify key financial risks and fraud detection techniques in public financial management.
- Apply IPSAS 3 (Accounting Policies & Errors) and IPSAS 20 (Related Party Disclosures) for better risk management and compliance.
- Utilize Excel automation tools (IFERROR, ISBLANK, VBA Macros, etc.) for risk monitoring and exception reporting.
- Develop Accurate and Transparent Public Sector Financial Reports
- Prepare financial statements and reports that meet IPSAS and public sector audit requirements.
- Utilize Power Pivot, Pivot Tables, and Macros in Excel to create real-time financial reports and dashboards.
- Enhance Public Sector Auditing and Accountability
- Understand audit processes, regulatory compliance, and the role of Supreme Audit Institutions (SAIs).
- Apply Excel-based audit techniques (Conditional Formatting, MATCH, EXACT functions, etc.) to detect financial discrepancies.
- Automate Financial Operations and Leverage Digital Transformation
- Integrate Excel with Financial Management Systems (FMS) for improved decision-making.
- Utilize Power BI and Excel dashboards for real-time budget monitoring and financial analytics.
- Learn how emerging technologies are reshaping public finance, budgeting, and reporting.
- Apply Practical Case Studies and Real-World Scenarios
- Work on hands-on exercises, case studies, and real-world public finance simulations.
- Develop problem-solving skills in financial operations, budget execution, and debt sustainability.
- Gain insights into the unique characteristics of public sector finance compared to private sector finance.
- Understand the legal and regulatory framework governing public financial management.
- Interpret and apply key IPSAS standards (IPSAS 1, 2, 5, 9, 17, 19, 23, 24, etc.) in financial reporting.
- Differentiate between cash basis and accrual basis accounting in public sector entities.
- Develop and manage public sector budgets using Performance-Based Budgeting (PBB) and Zero-Based Budgeting (ZBB) principles.
- Utilize Advanced Excel for budget projections, variance analysis, and financial forecasting.
- Implement effective expenditure control mechanisms to minimize wastage and misallocation of resources.
- Apply IPSAS 2 (Cash Flow Statements) for improved cash flow monitoring and reporting.
- Utilize Advanced Excel functions (SUMIFS, INDEX & MATCH, VLOOKUP, Power Query, etc.) to track, analyze, and optimize cash flows.
- Understand public debt structures, borrowing strategies, and fiscal responsibility in government finance.
- Use Excel financial functions (PMT, PV, FV, Scenario Analysis, Forecasting) for debt sustainability analysis and repayment planning.
- Identify key financial risks and fraud detection techniques in public financial management.
- Apply IPSAS 3 (Accounting Policies & Errors) and IPSAS 20 (Related Party Disclosures) for better risk management and compliance.
- Utilize Excel automation tools (IFERROR, ISBLANK, VBA Macros, etc.) for risk monitoring and exception reporting.
- Prepare financial statements and reports that meet IPSAS and public sector audit requirements.
- Utilize Power Pivot, Pivot Tables, and Macros in Excel to create real-time financial reports and dashboards.
- Understand audit processes, regulatory compliance, and the role of Supreme Audit Institutions (SAIs).
- Apply Excel-based audit techniques (Conditional Formatting, MATCH, EXACT functions, etc.) to detect financial discrepancies.
- Integrate Excel with Financial Management Systems (FMS) for improved decision-making.
- Utilize Power BI and Excel dashboards for real-time budget monitoring and financial analytics.
- Learn how emerging technologies are reshaping public finance, budgeting, and reporting.
General Notes
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this course, participants will be issued with a Chania finance consultancy certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
Available at the following Venues
- Nairobi
- Google Meet
Choose the date you would like to take the course
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