Key Information

  • Course Code: PS105
  • Duration: 2 weeks
  • Fee: £4095

Course outline

Revenue Forecasting

  • Simple moving average (SMA)
  • Exponential smoothing (EXS)
  • Transformation moving average (TMA)
  • Regression against time
  • A quasi-casual forecasting model
  • Determining forecast accuracy

Resource Development Analysis

  • Defining the issue: revenue shortage
  • Estimating revenue shortage
  • Developing revenue options
  • Assessing revenue options
  • Making decisions

Cost Estimation

  • Cost classification
  • Total cost estimation
  • Average cost estimation

Cost Comparison

  • Calculating present value
  • Calculating annualized cost

Incremental Cost Analysis

Cost-Benefit Analysis

  • Introduction to cost-benefit analysis
  • Issues in cost-benefit analysis

Financial Performance Monitoring

  • Determining monitoring indicators
  • Detecting unacceptable performance
  • Understanding the causes and taking action

Cash Management

  • Creating a cash budget
  • Determining the optimal cash balance

Financial Reporting and Analysis: The Statement of Net Assets

  • What information is in the statement of net assets?
  • The accounting process
  • Principles that govern accounting practices

Financial Reporting and Analysis: The Statement of Activities

  • What information is in the statement of activities?
  • Accounting bases

Financial Reporting and Analysis: Fund-Level Statements

  • Governmental funds
  • Proprietary funds
  • Fiduciary funds

Financial Condition Analysis (FCA)

  • What is the financial condition analysis?
  • Determining measures in FCA
  • Identifying any warning trend of deteriorating financial condition
  • Specifying the relationship
  • Explaining the relationship
  • FCA report writing

Target audience

  • Financial and budget personnel in governments.
  • Anyone who is interested in governmental finance.

Learning outcomes

Upon completion of this course, you will be able to:

  • Use forecasting tools.
  • Determine forecast accuracy.
  • Apply the most accurate tool for forecasting.
  • Define a resource development issue.
  • Estimate the revenue shortage.
  • Develop revenue options.
  • Assess revenue options.
  • Determine optimal revenue options.
  • Calculate total cost, average cost, direct cost, indirect cost, personnel cost, operating cost, and capital cost.
  • Perform cost allocation.
  • Use cost depreciation methods.
  • Apply average cost to determine efficiency.
  • Understand the concepts of present value, future value, time value of money, discount rate.
  • Apply present value of cost in cost comparison.
  • Apply annualized cost in cost comparison.
  • Apply incremental cost in decision making.
  • Calculate the net present value and the benefit/cost ratio.
  • Understand conditions to which a cost-benefit analysis applies.
  • Apply the cost-benefit analysis in decision making.
  • Determine proper indicators for monitoring.
  • Detect unacceptable performance.
  • Detect performance trends.
  • Develop a complete picture of financial performance.
  • Identify causes of underperformance.
  • Take proper actions to improve performance.
  • Develop a cash budget.
  • Determine an optimal cash balance.
  • Use the optimal cash balance in cash management decision making.
  • Understand key elements in the statement of net assets.
  • Understand the accounting process.
  • Use the information in the statement of net assets in financial analysis.
  • Understand key elements in the statement of activities.
  • Understand the concept of accounting basis.
  • Apply the information in the statement of activities in financial analysis.
  • Understand the use of funds in governments.
  • Understand key elements in fund-level statements.
  • Use the information in fund-level statements in financial analysis.
  • Know what financial condition analysis is.
  • Determine measures to assess financial condition.
  • Identify any warning trend of a deteriorating financial condition.
  • Specify relationships in financial condition analysis.
  • Explain relationships in financial condition analysis.
  • Write a financial condition analysis report.
Program taught in:
English

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Last updated September 22, 2018
This course is Campus based
Start Date
Mar. 4, 2019
July 1, 2019
Duration
Price
4,095 GBP
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