This intermediate level workshop builds on a basic understanding of finance and accounting enabling managers to meet their financial responsibilities more confidently. Participants will gain a thorough understanding of financial statements, budgeting and forecasting, and accounting principles, rules and compliance obligations.

Non-financial practitioners seeking a better understanding of financial concepts, language and tools to assist in managing budgets successfully

• Understand how funding allocations are developed and how to influence them
• Know the rules about expenditure, including regulations and Acts governing the use of different types of funds
• Prepare unit budgeting, including salary budget; for example: components of budget, classifications of staff, treatment of leave allocations
• Prepare budget planning including the ability to provide cost- benefit analyses of various options, account for employee expenses, plan cash flow over time and focus on a realistic basis for planning
• Understand budget development approaches; for example, zero-based or incremental, accounting for telephone/leasing costs
• Prepare budget performance reporting
• Understand internal controls and monthly reporting
• Manage across several project budgets and identify from financial reports when allocated funds should be re-allocated.