Financial management arrangements, financial reporting and accounting are three key and evolving areas for managers and staff within Government Departments and vote funded bodies. The main objectives of Financial Management include; (i) ensuring sound financial administration and the stewardship of public funds, (ii) ensuring compliance with legal and regulatory obligations and internal control systems, and (iii) providing clarity of financial accountability and responsibility throughout the organisation.
A key part of the accountability and compliance obligations relate to the financial reporting regime and the accounting standards, processes and procedures which are fundamental to the accuracy and integrity of financial and internal control systems. Accounting within a civil service environment can differ, in a number of important respects, from the accounting regimes practiced in the private sector or commercial environment, although the underlying principles remain the same.
For existing and new staff within the civil service and vote funded bodies, this one-day interactive course will provide a greater understanding of and familiarity with the various elements of Central Government Accounting and its role within the financial management systems.