About the workshop
Public financial management at a strategic level is part of overall corporate governance, directed towards supporting organisations in achieving their objectives in often challenging environments. This creates a need for excellence in managing resources, including people, assets, money and information. This workshop will focus on developing financial strategies that are interlinked and that form a fundamental part of the organisation’s strategic planning, including:
• The big picture – managing financial resources
• Financial management’s contribution to effective overall corporate governance and the achievement of strategic objectives
• The linkages between finance, human resources, information and asset management strategies
• The role of the finance function.
What the workshop will cover
• Good practice in public financial management
• Budgeting and budgetary control
• Medium-term financial planning and programme and performance budgeting
• Integration with corporate strategies
• Financial risk management, including with reference to potential external crises
• Scrutiny and expenditure review
• Standards in public life.
How participants will benefit
It will enable you to:
• Implement stable planning and budgeting frameworks to assist financial management, effectiveness and propriety
• Understand and fulfil the role of managers and accountants in financial management
• Support Management Boards and the political/ managerial process more effectively
• Appreciate the corporate governance implications of better management of resources
• Assist your organisation to be more resilient in times of crisis such as pandemics and natural disasters
• Implement improved medium-term financial planning and budgeting
• Link the role of budgeting to risk management, performance management and resource allocation.