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Overview

Effective financial reporting is vital for communicating your organisations reliability, accountability and consistency. More specifically, good financial reporting is vital for securing funds, analysing finances, complying with policies and laws, and reassuring decision makers and stakeholders.

Attend our Effective Financial Reporting for the Public Sector course to develop the skills and knowledge necessary to produce accurate, transparent and high-quality financial reports.

Our expert trainer, Manj Kalar has led key teams across central government, CIPFA and the ACCA and will provide veteran insight into the best practices you need to improve your financial reporting skills.

Learn to Incorporate the latest updates to the regulatory frameworks into your financial reporting and leave the day with the tools and expertise you need to produce effective and comprehensive financial reports.

Unlocking the Power of Virtual

Our virtual courses have been designed with you in mind. From group exercises in breakout rooms to live chat, whiteboards, and interactive polls, we use a range of tools and techniques to ensure that you can connect with your trainer; network and share best practices with your peers and leave the day with the skills you need.

Our courses provide you with an interactive and engaging learning environment that can be accessed from any location, helping you to continue to connect, learn and grow. Click here to discover more!

Please note we will use Zoom to virtually deliver this course.

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Manj Kalar
Public Sector Finance Professional Accountant

Manj Kalar is an independent public sector finance professional accountant with almost 30 years’ experience gained across the public sector.

Manj has worked across several large UK central government departments on implementation of accrual accounting, including both government income (taxes) and expenditure. She led the sub consolidation of Whole of Government Accounts (WGA) working closely with HM Treasury to develop processes for local government. She then worked as the central government and financial management technical manager at the Chartered Institute of Public Finance & Accountancy (CIPFA) and was global head of Public Sector at ...

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Learning Outcomes

  • Understand the reporting frameworks underpinning financial reporting across the public sector
  • Explore the similarities and differences between financial reporting between central government, local government and health
  • Discover the latest developments in financial reporting standards
  • Learn how to better gather information to prepare financial statements
All the Understanding ModernGov courses are Continuing Professional Development (CPD) certified, with signed certificates available upon request for event.

Enquire About In-House Training

To speak to someone about a bespoke training programme, please contact us:
0800 542 9414
[email protected]

Agenda

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09:25 - 09:30

Registration

09:30 - 10:00

Trainer Welcome and Clarification of Learning Objectives

10:00 - 11:00

Introduction to the Financial Reporting Frameworks in the Public Sector

  • Gain an overview of the UK public sector financial reporting context: appreciate the complexity and breadth of the public sector
  • Learn how financial reporting fits in with the wider PFM context including estimates and budgeting process
11:00 - 11:15

Break

11:15 - 12:15

Understand the Different Frameworks and Standards Underpinning Public Sector Financial Reporting

  • Examine the different financial reporting frameworks across different parts of the public sector: Financial Reporting Manual (FReM) and The Local government accounting Code
  • Understand the differences between the reporting requirements
  • Additional reporting requirements in UK central government (MPM requirements)
12:15 - 13:00

Update and New Developments in Public Sector Financial Reporting

  • Gain developments on technical accounting standards
  • Look to the future changes that might be on the horizon
  • Understand changes in the regulatory and legislative landscape that might impact your financial reporting
  • Develop approaches to gain information to meet the new financial reporting requirements
13:00 - 14:00

Lunch

14:00 - 14:30

Workshop One: Producing Financial Statements in the Public Sector

  • Start putting the theory into action and begin producing financial reports
  • Through case studies and best practice examples overcome key challenges
  • Understand reporting requirements impacting the public sector
  • Review feedback
14:30 - 14:45

Break

14:45 - 15:30

Workshop Two: Producing Financial Statements in the Public Sector

  • Utilise examples and case studies to help preparers of public sector financial statements
  • Highlight best practice
  • Review feedback and develop action plans to use back in the office
15:30 - 16:00

Summary and Next Steps

  • An opportunity for delegates to ask specific questions for their entity to improve financial reporting
  • Finalise an action plan to back your organisation to aid those responsible for delivering the financial statements
  • Learn where to receive additional guidance
16:00 - 16:15

Round-Up and Key Takeaways