Australian Government Financial Management Framework

by Capital Training Institute Claim Listing

This course has been developed to provide APS staff with a common understanding of their responsibility as public servants. Information and concepts are introduced that will assist participants to better understand the foundation from which the rules and guidelines are derived.

Price : Enquire Now

Contact the Institutes

Fill this form

Advertisement

Capital Training Institute Logo

img Duration

2 Days

Course Details

This course has been developed to provide APS staff with a common understanding of their responsibility as public servants. Information and concepts are introduced that will assist participants to better understand the foundation from which the rules and guidelines are derived that govern the APS, key legislation and principles which guide what the APS do, key prioritising and decision making stages of the Budget process, and the processes that ensure sound management practices. 

The course is beneficiel to APS staff that may be new to the Public Sector or for those that require a refresher.

 

Content:

  • Section 1 - Corporate Governance and the Financial Framework
  • Key Learning Objectives At the conclusion of this section of the course participants should have an appreciation of the financial framework, including:
  • the role of the Australian Constitution, the Executive Government, and the Parliament
  • the Financial Management and Accountability Act 1997 (FMA Act), and related FMA Regulations and FMA Orders and their practical application by FMA Act agencies
  • the Commonwealth Authorities and Companies Act 1997 (CAC Act) and related CAC Regulations, CAC Orders and CAC Directions and their practical application by CAC Act bodies
  • the Charter of Budget Honesty Act 1998 (Charter of Budget Honesty) and the processes and documentation that are required as a result of this Act
  • the Auditor-General Act 1997 (Auditor-General Act) and the powers of the Auditor-General and the role of the Australian National Audit Office (ANAO)
  • the Public Service Act 1999 (Public Service Act) and the impact it has on the rights and responsibilities of APS employees under the Act including the Australian Public Service (APS) values and the APS Code of Conduct
  • the Administrative Arrangements Order (AAO) and how it applies to agencies
  • Section 2 - Australian Government Appropriations
  • Appropriations are the process of obtaining Parliamentary approval for the executive government to spend funds. This section of the course is designed to provide participants with a basic understanding of where appropriations fit into the financial framework and the legislation and conventions that affect them.
  • Key Learning Objectives At the conclusion of the course participants should have an appreciation of the appropriations arrangements, including:
  • some of the key technical and process issues Australian Government entities should be aware of
  • The different types of appropriations that are used to allocate funding to Australian Government entities, including:
  • Annual departmental appropriations
  • Annual administered appropriations
  • Special & standing appropriations: departmental and administered
  • Operating appropriations versus non-operating appropriations
  • Special accounts
  • Specific sections of the FMA Act including s28, s30, s31 & s32, Special Accounts, Drawing Rights & Advance to the Finance Minister (AFM's)
  • Section 3 - Overview of the Australian Government Budget Process
  • This section of the course is designed to provide participants with a general understanding of the key elements of the Australian Governments Budget process, and an awareness of why we budget and the key timeframes of the Budget.
  • Key Learning Objectives At the conclusion of the course participants should have an understanding of the stages of the present Australian Government budget process, including:
  • Priority setting, which includes the Strategic Priorities and Budget Committee (SPBC) meeting
  • Budget decisions, which includes preparation and lodgement of Portfolio Budget Submissions for consideration by the Expenditure Review Committee (ERC)
  • Budget management, which includes the half-yearly update of the Budget and estimates through the Mid-Year Economic and Fiscal Outlook report (MYEFO) and additional Annual Appropriation Bills (or Additional Estimates)
  • Reporting and reviewing, which includes monthly financial statements, agency annual reports, the Final Budget Outcome (FBO) and the Consolidated Financial Statements (CFS).
  • Phillip Branch

    10 Corinna St, Phillip, Canberra

Check out more $75 courses in Australia

Nicole Accounting Logo

Assistant Accountant & Financial Accountant

Intermediate and Senior Assistant Accountant/Accountant (AAA practical class) is designed to lay the foundation in advance for students who want to find Assistant Accountant & Accountant positions in medium and large companies and provide the best shortcuts.

by Nicole Accounting [Claim Listing ]
Look Now Training Logo

Financial Fitness

This program has been developed specifically to assist Workforce Australia customers to understand and manage their personal finances.

by Look Now Training [Claim Listing ]
KnowledgeHut Solutions Logo

Financial Management for Project Managers training

Project Managers have a duty of care to manage their project’s finances in a prudent and transparent manner as the company’s assets are at stake. It is therefore the responsibility of a project manager to ensure sound financial management and forecasting of project outcomes over the life of the...

by KnowledgeHut Solutions [Claim Listing ]
King's Own Institute Logo

Financial Management

This subject provides a practical understanding of corporate financial management, portfolio management and the tools of financial decision-making and covers financial mathematics, investment and financing decisions, introduction to portfolio theory, the capital asset pricing model

by King's Own Institute [Claim Listing ]
Skills Strategies International Pty Ltd (SSI) Logo

Making Sense Of Your Profit And Loss

Making Sense of your Profit and Loss course is offered by Skills Strategies International Pty Ltd (SSI). Skills Strategies International is committed to achieving best practice in the provision of vocational education and training.

by Skills Strategies International Pty Ltd (SSI) [Claim Listing ]

© 2024 coursetakers.com All Rights Reserved. Terms and Conditions of use | Privacy Policy