Curso de Financial Management in the Public Sector - Level 1

Curso en London (Reino Unido)

London Business Training & Consulting

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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 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. Understand fixed cost, variable cost, marginal cost, and incremental cost. Apply marginal cost in decision making. 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.

A quién va dirigido: Financial and budget personnel in governments; anyone who is interested in governmental finance.