The question of how corporations should be run is one of the hottest topics of today’s public administration debate. One however could easily sense an emerging consensus out of this interactive debate favoring the concept of operating it on commercial basis, since it is the proven path of higher success and greater level of efficiency.

Course Outline:

  • The traditional way of running government business
  • Emergent vs Conscious Government Planning Process
  • Why should customer come first and why should he be given the choice?
  • Selection of the mission, vision, philosophy and objectives that cate for customer satisfaction
  • External and internal environment scanning using PEST and SWOT analysis
  • Identifying service business options and choosing the best out of them
  • Basic accounting equation
  • Accounting double entry system
  • Accrual vs Cash Based Accounting
  • Economic event convention in the public and private sector
  • Economic entity identification in both sectors
  • Monetary value determination
  • Asset life cycle of current and non-current assets
  • Materiality accounting concept
  • Asset valuation systems
  • FIFO, LIFO, Avg, Perpetual
  • Straight line vs reducing depreciation system
  • Income statement
  • Balance sheet
  • Statement of changes in equity
  • Cash flow statement
  • Dupont ratio analysis
  • Profitability analysis
  • Efficiency analysis
  • Leverage analysis
  • Identifying and agreeing KP/
  • Aligning performance appraisal to KP/
  • Intelligent win-win appraisal system
  • Two-way appraisal system
  • 360 appraising technique
  • Does it serve the ultimate objective?
  • Case Study: Redesigning performance appraising system
  • Techniques for translating objectives into financial targets
  • Targets inform of budgets
  • Budget for cost and revenue centers
  • Budget concerning investment centers
  • Static and flexed budgets
  • Variance computation
  • Deficit and surplus variance analysis
  • Concluded corrective actions
  • Case Study: Flexing a budget to figure out causes of performance variance

Type of Program: Local Achievement Unit Program (B)

Type of Certification: Achievement

Duration: 32 hours (4 days x 8 hours) or (16 sessions of 2 hours)