An effective budget is probably the most valuable tool in a company’s arsenal for setting and meeting an annual profit target. Many public sector entities have made improvements to their budgeting process in recent years, but are they following the most recent best practices?
The budgeting process evolves over time, and the strongest public sector budgeting practices a decade or two ago may not be best practices now. Public sector organizations, no matter their level of government, all face pressure to improve performance each year, which means offering more and higher-quality services while reducing spending.
Cutting costs has become particularly crucial, as many entities have been forced to serve their communities with dwindling budgets in recent years.
This course provides managers with an awareness and basic understanding of credit control methods and techniques, and aim to enable managers to be more effective in ensuring their customers meet their commitments to pay regularly and on time.
This course has been specifically designed for delegates who want to sharpen up their cash flow management skills and take steps to create long term growth and efficiency.
Across the globe regulators are increasingly linking the amount of risk taken by a bank to the amount of capital it is required to hold and banks and financial services are increasingly being managed on risk-based management practices. The banks, their products, the regulations and the global market are becoming increasingly complex, driving ever greater challenges in effective risk management. A key lesson of the banking crisis of the last five years is that risks are highly integrated and to manage them efficiently banks have to understand these interactions.
One of the main reasons for the financial crisis has been a failure of corporate governance risk management. A key responsibility and duty of the board and directors is the governance, management and minimisation of risk.
Building on this foundation, the board and management can then focus on the optimisation of returns, and shareholder value creation and growth.
Where risk is greater than returns, there will be dilution of value and ultimately corporate and business failure.
This workshop looks at all the principal risks, external and internal risk areas, avoidable and unavoidable risks threatening most businesses and the action plan to minimise and manage risks – The Development of a Risk Management Strategy, effective risk solutions and fraud detection and the role of the internal audit.
This Programme is developed around the 10 Competencies of a Senior Manager in the Public Service and will address the Competency Namely Financial Management. The objective of this trianing is to enable participants to apply strategic level financial management competencies that will ensure effective, efficient and economical utilisation of public funds and resources in government as intended by the above mentioned directive. The broad outcome to be achieved is the ability to effect strategic management, budgeting implementation and performance management in a public Institution.