Course Description

Governmental and Not-for-Profit Organizations face increasingly complex issues as they try to fulfill their mission. These challenges place severe pressures on the financial viability of these organizations.

This 5-day course deals with the principles and practices that apply to budgeting and control used by governmental and not-for-profit organizations.

Course Goal

To enhance the participants’ Knowledge, Abilities and Skills necessary for preparing and using budgets as a planning and control tool in the governmental and not-for-profit organizations

Course Objectives

By the end of the Course the participant will be able to:

1. Demonstrate the key Characteristics of Governmental and Not- For – Profits organizations
2. Compare Governmental and Not- For – Profits organizations
3. Objectives of Financial Reporting
4. Explain the Accountants’ Role In The Management Cycle Of Governments And other not – for – profit
5. Explain How Do Program Budgets Relate Expenditures To Operational Objectives
6. Classify of Expenditures and Revenues
7. Explain the Importance of Performance Budgets
8. Explain How Do Budgets Enhance Control?

Course Outline

1. The Government and Not – for profit environment
2. What are the Other Characteristics of Governments and Not- For – Profits Have Accounting Implications
3. Objectives of Financial Reporting
4. Accountants’ Role In The Management Cycle Of Governments And other not – for – profit
5. How Can The Limits Of Traditional Budgets Be Overcome?
6. How Do Program Budgets Relate Expenditures To Operational Objectives ?
7. How Should Service Efforts And Accomplishments Be Reported?
8. Capital Expenditures Planning And Budgeting Within A Framework Of Operational Objectives
9. Budgeting and Control
10. Classification of Expenditures and Revenues
11. Performance Budgets
12. On What Basis of Accounting Are Budgets Prepared?
13. How Do Budgets Enhance Control?

Who Can Benefit

Controllers, senior finance managers, executives and every one with budget responsibilities