Public Accounting

Course Overview: Public Accounting

The course on “Public Accounting” delves into the principles, practices, and standards of accounting specifically within the public sector. Participants will explore how public sector accounting differs from private sector accounting, focusing on financial reporting, budgeting, and auditing practices tailored for government entities and other public organizations. The course aims to provide a comprehensive understanding of the accounting frameworks that govern public sector financial management, ensuring transparency, accountability, and effective resource utilization.

Course Objectives

• Introduction to Public Sector Accounting
• Accounting Principles and Standards for the Public Sector
• Financial Reporting and Statements
• Budgeting and Financial Planning
• Auditing and Compliance

Target Audience

• Public Sector Accountants
• Government Financial Officers
• Auditors in the Public Sector
• Public Administrators
• Policy Makers

Course Duration

• 3 weeks (with daily sessions of 4 hours).

What you will learn?

Condensed Course Modules

Week 1: Foundations of Public Sector Accounting

Day 1: Introduction to Public Sector Accounting

• Overview of public sector accounting principles and frameworks
• Differences between public and private sector accounting

Day 2: Accounting Principles and Standards

• Key principles and standards governing public sector accounting
• Case studies on accounting standards

Day 3: Financial Reporting in the Public Sector

• Preparation and interpretation of financial statements
• Practical exercises on public sector financial reports

Day 4: Budgeting and Financial Planning

• Techniques for budgeting and financial planning in the public sector
• Practical exercises: Budget preparation and analysis

Day 5: Auditing Practices

• Introduction to auditing standards and practices
• Case studies on public sector audits

Day 6: Interactive Workshop on Financial Reporting

• Hands-on workshop: Preparing and analyzing financial reports
• Group discussions and feedback

Day 7: Week 1 Review and Q&A

• Review of topics covered
• Open session for questions and clarifications

Week 2: Advanced Financial Management and Compliance

Day 8: Advanced Accounting Techniques

• Exploration of advanced accounting techniques for the public sector
• Practical exercises on complex financial transactions

Day 9: Implementing Budgeting Practices

• Detailed budgeting techniques and practices
• Case studies on effective budgeting

Day 10: Financial Planning and Analysis

• Techniques for financial planning and long-term financial analysis
• Practical exercises: Developing financial plans

Day 11: Conducting Effective Audits

• Advanced auditing techniques and tools
• Interactive exercise: Auditing a public sector case study

Day 12: Compliance and Regulatory Requirements

• Overview of regulatory requirements and compliance issues
• Case studies on compliance challenges and solutions

Day 13: Interactive Workshop on Budgeting and Planning

• Hands-on workshop: Developing and managing budgets and financial plans
• Group activities and feedback

Day 14: Week 2 Review and Project Preparation

• Review of topics covered
• Preparation for final project work
• Open session for questions and clarifications

Week 3: Practical Application and Final Assessment

Day 15: Final Project Work

• Development of a comprehensive public sector accounting project
• Application of learned concepts to a real-world scenario

Day 16: Presentation of Final Projects

• Presentation and evaluation of final projects
• Peer reviews and feedback

Day 17: Final Review and Assessment

• Comprehensive review of all course topics
• Final assessment: Test and evaluation of projects
• Discussion on key takeaways and learning outcomes

Day 18: Course Wrap-Up

• Reflection on course learnings and practical applications
• Presentation of certificates
• Discussion on next steps and further development opportunities

Day 19: Additional Topics and Discussions

• Exploration of additional relevant topics and advanced discussions
• Open session for further questions and in-depth discussions

Day 20: Review and Final Discussions

• Final review of course content
• Open forum for any remaining questions or discussions
• Closing remarks and feedback

Materials and Resources:

• Training Manual and Handouts
• Online Resources and Tools
• Recommended Reading and Study Materials
• Access to Workshops and Webinars

Assessment and Certification:

• Evaluation Methods: Quizzes, assignments, case studies
• Certification: Certificate of Completion

Assessment and Evaluation

• Daily Quizzes and Assignments: To reinforce daily learnings and ensure comprehension of key concepts.
• Case Study Analyses: Participants will analyze and present case studies on international HRM challenges.
• Final Project: Development of a comprehensive IHRM strategy for a hypothetical multinational company, to be presented on the last day of the course.

Reading Materials and Resources

• Textbooks:
  • International Human Resource Management by Peter J. Dowling, Marion Festing, and Allen D. Engle.
  • Managing Across Borders: The Transnational Solution by Christopher A. Bartlett and Sumantra Ghoshal.
• Articles and Case Studies:
  • Selected readings from Harvard Business Review and International Journal of Human Resource Management.

Instructor and Support

• Instructor:  experienced in IHRM)
• Office Hours: Available daily for one-on-one consultations.

This accelerated course is designed for professionals seeking to rapidly gain expertise in International Human Resource Management, providing practical skills and strategic insights for managing global workforces effectively.