Government Budget Preparation & Reporting

Course Properties

Course date: 01-10-2017
Course End Date: 05-10-2017
Location Sharm El-Sheikh

Course Objective

Participants in this course will achieve the following objectives:

  • Understand the importance of budget preparation and the conditions for sound budget preparation
  • Understand the purpose of macroeconomic and policy context
  • Appreciate the resource allocation and operational efficiency
  • Understand the motivational effects of budgets
  • Overview the current budgeting and accounting practices
  • Understand how budgets are used both for planning and for control
  • Understand how budgets can be used for responsibility accounting
  • Understand the budget formulation and ex-ante reporting
  • Identify the ex-post budgets reports
  • Understand the qualitative characteristics of financial reporting
  • Develop conceptual framework definition  

 

Who Should attend?

  • This course is a ‘must’ to all staff whose consider and finalize corporate plans and budgets. Managers operating on lower levels would also gain the knowledge needed to understand how objectives, strategies, plans and budges are intertwined, as well as how they should be developed.
  • Middle and junior managers will find this course highly useful in their career advancement. All participants will be able to offer their input, based on their individual experiences, and will find the workshop a forum for up-grading and enhancing their understanding of best corporate practices in the areas tackled.
  • Budget & Finance Reporting Staff.
  • Staff involved in strategic planning, forecasting, budgeting, reporting & measurements.

Course Contents

Day 1:   

THE BUDGET PREPARATION PROCESS

  • OBJECTIVES OF BUDGET PREPARATION
  • THE IMPORTANCE OF A MEDIUM-TERM PERSPECTIVE FOR BUDGETING
  • CONDITIONS FOR SOUND BUDGET PREPARATION
    • The need for early decisions
    • The need for a hard constraint
    • Avoiding questionable budgeting practices

ü  Incremental budgeting

ü  “Open-ended” processes

ü  “Dual budgeting”

Day 2:   

  • THE MACROECONOMIC AND POLICY CONTEXT
    • Macroeconomic framework and fiscal targets

ü  Importance of a macroeconomic framework

ü  Fiscal targets and indicators

ü  Preparation of a macroeconomic framework

  • Aggregate expenditure estimates
  • Consolidating the fiscal commitments

ü  Making the macroeconomic projections public

ü  Binding fiscal targets?

  • Policy formulation

ü  Importance of policy formulation

ü  The policy-budget link

ü  Reaching out: The importance of listening

  • RESOURCE ALLOCATION AND OPERATIONAL EFFICIENCY
    • Top-down approach
    • Bottom-up approach
    • Negotiation
    • Preparing expenditure ceilings

ü  A sub-ceiling for capital expenditure?

ü  Efficiency “dividends”

  • The role of multiyear estimates in budget preparation
  • Key Points and Reform Priorities
    • Key Points
    • Directions of reform

Day 3:

THE BUDGET REPORTING PROCESS

  • BUDGET OVERVIEW
    • The Budget
    • Fiscal Transparency
    • Financial Management
    • Budget Authorization
    • Budget Reports
    • Consistency in Reporting Between Accounting and Budget Systems
  • CURRENT BUDGET AND ACCOUNTING PRACTICES
    • Comprehensive Budgets
    • OECD/World Bank Survey of Current Budgetary Practices
    • Budgeting, Accounting, and Financial Reporting
    • Types of Data Reported in Budget Documents
    • Budget Classification
    • Budgeting and Reporting

Day 4:

  • PSC MANDATE ON BUDGET REPORTING AND/OR OTHER BUDGET RELATED MATTERS
  • International Public Sector Accounting Standards
  • BUDGET FORMULATION AND EX-ANTE REPORTING
    • Prospective Financial Information and Medium Term Fiscal Framework (MTFF)
    • Annual or Biennial Budget Formulation
  • BUDGET EXECUTION AND CONTROL
    • Inter-Relationship Between Accounting and Budgeting Systems
    • Budgetary Control
  • EX-POST BUDGET REPORTS
    • Part of General Purpose
    • Financial Statements
    • Format of Comparative Statement
    • Reconciling Budgetary Basis with Accounting Basis

Day 5:

  • QUALITATIVE CHARACTERISTICS OF FINANCIAL REPORTING
    • Understandability
    • Relevance
    • Reliability
    • Comparability
    • Constraints on Relevant and Reliable Information.
  • DEVELOPING A CONCEPTUAL FRAMEWORK Definition
    • Budget Reporting
    • Inclusion of Ex-ante Budget Reports in an IPSAS
    • Coverage of Budgetary Execution and Control Procedures
    • Inclusion of Ex-post Budget Reports in an IPSAS and Format of Comparative Statements
    • Reconciling Budgetary Basis and Accounting Basis Where Differences Exist
    • Assuring that Qualitative Characteristics of Financial Reporting Are Met
    • Developing a Conceptual Framework