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Advanced Public Financial Management Workshop in Bucharest, Romania

Program Introduction

This syllabus introduces into the standard course outline for Advanced Public Financial Management (APFM), a program to support participants’ objectives & introduces them to more sophisticated aspects that are valuable in increasing the transparency in finances in decision making. APFM courses traditionally focus on financial planning and accounting for public and nonprofit organizations. This program, a nonprofit organization, government organization, provides participants structured and fully functioning context for their career objectives.

The countries improve public financial management and advance thought leadership on approaches to overcoming policy and institutional constraints to economic competitiveness, socioeconomic development, and poverty reduction. This program has a wide range of transformational environments provides the necessary context to foster efficient and effective tax systems, results-driven budgeting, transparent and accountable public expenditure management, and robust macro-fiscal planning, optimizing public sector performance and contributing to broad-based, sustainable economic growth.

The program also includes approaches to examining and analyzing finances from a range of different perspectives to ensure evidence is thorough and well rounded. Participants will be introduced to methods of financial evaluation that are required by Treasury and Finance in the evaluation of public sector initiatives.

Program Content

  • Introduction and Foundations of Public Finance
  • Understand government funds itself
  • Explain the role of profits in different organizational types
  • Why capital budgets are separate from operating budgets
  • Calculate the time value of money over different periods
  • Develop strategies for debt versus capital financing
  • Develop an asset management plan for the organization
  • Detect and explain budgetary variances
  • Implement fiscal controls for an organization
  • Local Government Financial Reporting
  • Recommend which type of financial report to use for different circumstances
  • Interpret and analyze the different sections of financial reports
  • Develop any additional funds necessary to provide improved accounting
  • Describe how government is different from other public organizations, financially
  • Create a financial analysis based on the balance sheet, income, and other financial statements
  • Create a long-term funding plan for the organization
  • Memo on a Nonprofit Annual Report
  • Different types of financial analysis (with public sector focused)
  • Financial evaluation techniques
  • Improving the presentation of numbers Prerequisites Managing Budget and Financial Plans
  • Developing financial sustainability; effective resource development and management.
  • Improving financial risk management
  • Long term financial planning; developing a reserve fund
  • Dealing with an audit
  • Developing and implementing effective financial controls
  • How to interpret information in basic forms and reports
  • How to notice trends and negative indicators
  • Actions to counteract negative information and trends

Program Objectives

Outcomes: By the end of the program strong understanding of advanced public financial management and be prepared to work directly with financial professionals, auditors in public or third sector organization.

  • Understand and experience in different types of financial analysis
  • Understanding of the different financial evaluation methods used to support submissions for new initiatives
  • Implement a financial management plan for an organization or agency
  • Create a set of financial controls for accountability
  • Link the financial management structure to the strategic plan
  • Predict long term revenue and expense requirements, and Benefits to you
  • Increase your ability to be more thorough in analyzing and evaluating the finances of organizations, teams, projects and specific initiatives
  • Increasing your confidence in understanding the financial implications of decisions that you make and provide advice on
  • You will be able to examine and analyze the finances of your team or division from a number of different perspectives
  • Your organization will benefit from the greater insights and transparency that you can provide in the way you manage the public resources allocated to you
  • More sophisticated financial analysis and evaluations contribute to improved organizational decision making

Program Methodology

The methodology used is designed to encourage maximum participation by all delegates. The presenter will suggest ideas and theories to the delegates and then encourage them to test out the ideas by the use of discussion, small group work, exercises and feedback. Each day of the seminar will end by delegates completing their own record of what has been learned on the day and considering how the ideas might be transferred back to the workplace.

Registration Information

Program Dates: 16 – 20 September 2019

Registration Closes on: 31 July 2019

Program Fee: $3350

Fee Covers:

Register Online  

Online Payment via PayPal

If you got a question, email us to: trainings@risalatconsultants.com or risalatconsultants@gmail.com

Skype: risalatconsultantsint | Call/Viber/WhatsApp: +995 555 11 66 22 or +995 555 71 33 11

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