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:
- Demonstrate the key Characteristics of Governmental and Not- For – Profits organizations
- Compare Governmental and Not- For – Profits organizations
- Objectives of Financial Reporting
- Explain the Accountants’ Role In The Management Cycle Of Governments And other not – for – profit
- Explain How Do Program Budgets Relate Expenditures To Operational Objectives
- Classify of Expenditures and Revenues
- Explain the Importance of Performance Budgets
- Explain How Do Budgets Enhance Control?
Course Outline
- The Government and Not – for profit environment
- What are the Other Characteristics of Governments and Not- For – Profits Have Accounting Implications
- Objectives of Financial Reporting
- Accountants’ Role In The Management Cycle Of Governments And other not – for – profit
- How Can The Limits Of Traditional Budgets Be Overcome?
- How Do Program Budgets Relate Expenditures To Operational Objectives ?
- How Should Service Efforts And Accomplishments Be Reported?
- Capital Expenditures Planning And Budgeting Within A Framework Of Operational Objectives
- Budgeting and Control
- Classification of Expenditures and Revenues
- Performance Budgets
- On What Basis of Accounting Are Budgets Prepared?
- How Do Budgets Enhance Control?
Who Can Benefit
Controllers, senior finance managers, executives and every one with budget responsibilities
