Financial Management in the Queensland Public Sector

Overview

This one-day course provides the new employee or the non-finance manager with an introduction to financial management in the Queensland Public Sector. It sets out the legislative framework, and identifies and describes the relevant committees and key areas that impact on financial management and the budget cycle. It describes the hows and whys of the financial regime, and articulates a clear link between financial management and operational performance. The course adopts a highly interactive approach, using small group exercises and real life examples of inquiries and issues.

Course Content

This course covers the legislative basis of the Financial Management Framework, along with a history of key financial management legislation and financial management improvement initiatives in Queensland. It addresses other areas that impact on financial management, including three key committees (Public Accounts & Public Works, Estimates, Cabinet Budget Review), and internal and external audit processes. The course outlines the current budget process, budget cycle and important budget issues, and addresses accountability and delegations in the public sector.

Course Outcomes

By the end of this course attendees should be able to:

• demonstrate an understanding of the need for a financial management framework
• describe the Queensland Government Financial Management Framework
• identify the legislation governing financial management in the state and the key whole-of-government policies and guidelines
• describe government financial management improvement initiatives
• identify the areas that impact on financial management and describe their roles and impact
• outline the current budget process, cycle, and key budget issues

Benefits to your organisation

• a better understanding of financial management legislation, policies and guidelines
• improved compliance with mandatory legislation, policies and guidelines

Benefits to you

• an understanding of the Queensland Government Financial Management Framework
• a greater awareness of whole-of-government financial management legislation, policies, guidelines and issues