This 2 day course is designed for anyone who requires a better understanding of public sector accrual accounting and reporting requirements. The accounting process will be reviewed to enable participants to better understand the end result - the financial statements.
This 2 day course is designed for anyone who requires a better understanding of public sector accrual accounting and reporting requirements.
The accounting process will be reviewed to enable participants to better understand the end result - the financial statements. There will be both a monthly management accounting focus as well as year end financial reporting requirements within the public sector.
Course Aim:
The aim of this course is to provide participants with an understanding of accrual accounting and its impact on the financial information presented in the financial statements.
Key Learning Objectives
At the conclusion of this course participants will:
Appreciate the differences between the Accounting frameworks - accrual accounting and cash accounting
Understand the definitions of the five major categories of the financial data: assets, liabilities, equity, revenue and expenses
Know the process of how the financial information is recorded, in order to build the financial statements under the double entry process
Develop an understanding of the Australian Government financial reporting framework and its impact on the preparation of financial reports.
Know the different levels of accounting, management and financial, and understand their differences, including:
What reports are generated at each level
What regulations exist at each level
What are the reports purpose
Develop an understanding of the typical period-end adjustments under accrual accounting and why they are performed, including depreciation and provisions
Understand the information presented in Australian Government agencies financial statements:
The balance sheet, income statement, cash flow statement, schedule of commitments and the schedule of quantifiable contingencies
The Australian Capital Training Group is a specialised small business providing training in the area of accounting, financial management and budgeting.
The company has provided training for both the private and public sector and covered a vast range of accounting issues from introductory accounting through to the professional qualifications with Chartered Accountants Australia New Zealand (CA ANZ).
The company has professional and articulate presenters, the expertise to deliver financial management training, an understanding of the public sector financial management framework, the capacity to undertake research of content material, extensive previous training experience, and a willingness to deliver training to meet the clients' needs.
The training services provided to the public sector includes the design and development of training and learning programs and materials, and the delivery of those programs in a manner appropriate to either the Departments needs, in the case of an in-house course, or the individuals needs, in the case of an open course.
Australian Capital Training Group aims to provide a high quality program that meets those needs through a development process that includes significant consultation with the contracting Department or Entity and other relevant stakeholders if appropriate.
Although the company is small, it specialises in the development and delivery of government accounting and budget training and so all its resources are dedicated to this end.
Australian Capital Training Group has been working with government departments for over 25 years to provide training in accounting, budgeting and financial management skills to fulfil their staff development requirements.
A range of programs can be delivered such as Accounting for Non-Accountants; Accrual & Zero Based Budgeting; The Australian Government Budget Process; The Budget Legislative Framework; Financial Statement Analysis; Government Appropriations; as well as specifically designed courses in all areas of accounting and budgeting to suit the needs of the participants.
Company staff have extensive experience in delivering all levels of accounting training to all levels of adult education from accounting students, junior and senior accountants, all levels of the APS from the most junior to the most senior SES.
Our staff have also provided training to company directors and personal financial coaching to very senior public servants.
The company strongly believes training should be developed to meet the needs of the participants rather than delivering 'off-the-shelf' mass produced training.
Participants are more likely to engage with training that can be directly related to the work place and hence learn more from their experience. These courses are therefore more enjoyable not only for the participant but also for the trainer.
Training courses provided by the Australian Capital Training Group are always developed in consultation with the client and are tailored to meet the specific needs of the client and the participants.
Roslyn Jackson, the company's principal trainer, receives excellent evaluations from her participants. She works hard at setting a relaxed mood from the outset so that participants are comfortable in asking questions and can gain the most from the training.
She is able to demystify complicated issues, explaining in a clear and concise manner without further confusing or embarrassing her participants. Roslyn is very well informed of government financial management requirements and has trained extensively in this area since 2004.
By using only a small number of trainers, this enables the trainers to develop a relationship with the participants. Discussion in training sessions will flow much better once a relationship of trust and confidence is established.
Given the content of the material the company presents, most training is delivered in face-to-face situations, usually limited to a maximum of 18-20 participants as this allows for plenty of interaction with the participants, questions to be answered fully and concepts to be explained in detail.
The content of our material and courses are continually reviewed and up-dated as required. This is achieved through extensive professional development and constant contact with subject experts within client departments.
The company has established relationships with a number of agencies that ensures training is scheduled appropriately and course materials are prepared as required.
Every participant at every course receives a comprehensive training manual. Course materials and resources are developed and prepared by the company as required by the client.
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