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 of using cost information to control in the governmental sector and not-for-profit organizations.

Course Goal

To enhance the participants’ Knowledge, Abilities and Skills necessary for preparing and using cost information to control 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. Objectives of Financial Reporting
3. Explain the Accountants’ Role In The Management Cycle of Governments And other Not-for-Profits
4. Explain How Do Program Budgets Relate Expenditures to Operational Objectives
5. Demonstrate Similarities Between Decision Criteria of Governments and Not-for-Profits to Those of Business Despite Different Objectives
6. Explain the Importance of Identifying Incremental Costs And Benefits
7. Assessment of the Fiscal Benefits of Contracting Out?
8. Explain How Should the Costs of Fund – Raising Activates be Determined
9. Use Variance Analyses to Control Costs and Evaluate Performance

Course Outline

1. The Government and Not – for- profit environment
2. Other Characteristics of Governments and Not- for – Profits Have Accounting Implications
3. Objectives of Financial Reporting
4. How Do Program Budgets Relate Expenditures to Operational Objectives?
5. How Should Service Efforts and Accomplishments be reported?
6. Capital Expenditures Planning and Budgeting Within a Framework of Operational Objectives
7. Using Cost Information to Plan and control
8. Decision Criteria of Governments and Not – for – Profits to Those of Business
9. The Importance of Identifying Incremental Costs and Benefits
10. Assessment of The Fiscal Benefits Of Contracting Out
11. Pricing Governments and Not- For – Profits
12. How Should the Costs of Fund – Raising Activates be Determined?
13. Using Variance Analyses to Control Costs and Evaluate Performance

Who Can Benefit

Presidents, vice Presidents of finance, controllers, senior finance managers, and executives