Financial Fundamentals – Budgeting is designed to provide participants with a fundamental understanding of the Local Government budgeting process. Participants will gain an understanding of the legislative environment that applies to the local government budgeting process, including the application of the Australian Accounting Standards.
The preparation of a variety of budget work papers will be covered and it will be explained why they are utilised as the core component of building a budget.
The course content is structured into three key sessions which cover an introduction to the legislative framework, preparing budget work papers, through to the compilation of the Statutory Statements.
Important: Participants are required to bring a laptop as two exercises will require the use of Microsoft Excel (for data input only). A basic understanding of Microsoft Excel is therefore required.