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.
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 ...
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
Agenda
Registration
Trainer’s Welcome and Clarification of Learning Objectives
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
Morning Break
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)
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
Lunch
Reflection Session
- Trainer will review the day’s learning and the next stages of the course
- Delegates will have time to ask questions and share views with one another
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
Afternoon Break
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
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
Feedback, Evaluation & Close
