The Basic concepts of Public Budgeting and Finance

Public finance involves the fiscal activities of the government, encompassing taxation, expenditure, borrowing, and debt management. This public budgeting course examines key concepts and terms in financial forecasting. We then discuss the methodologies used in financial forecasting. We show you how to arrange the concept of budgeting and explain its significance in financial management. This course answers questions like, ‘What are the different types of budgets?’ and ‘What are the steps involved in the budgeting process?’.

This course lays out the roles and responsibilities of key personnel in managing the budgeting process. We establish the importance of the concept of capital budgeting. We then explain the information presented on a balance sheet. We show you how to differentiate between book values and market values in the context of balance sheets. Finally, the course traces the FIFO and LIFO methods of inventory accounting. We help you answer questions like ‘What is the purpose of an income statement in financial analysis?’ and ‘What are the components of an income statement?’.

The public budgeting skills you acquire in this course can help you move up in your career as you use these techniques to make yourself indispensable to your organization. We explain how to confidently understand the interrelationship among balance sheets, income statements, and cash flow statements. This training course suits managers, office workers, and anyone who wants to understand how to use these techniques.