Category Archives: News items

Financial Management for the Public Sector – February CPD course

This CPD course on budget setting, management and control will boost your budgeting skills and contribute to your ongoing professional development. For more details please contact us at and we can send you a booking form or book online with

Budgeting for the Public and Non Profit Sectors – February 2020

This CPD course on budget setting, management and control will boost your budgeting skills and contribute to your ongoing professional development. For more details please contact us at and we can send you a booking form or book online with


We specialise in finance training courses for the public and non profit sectors

Online finance course launched with Skillshare

Our online finance course, Budgeting for the Public and Non Profit Sector, has just been launched on Skillshare. This course covers all areas of financial management, budget monitoring and control, and is ideal for anyone working in the public or non profit sectors responsible for budgets or spending. With CPD certificates available it will also enhance your CV. Learning these skills and developing additional financial knowledge could advance your career prospects. Because this finance course is a skillshare premium course, take advantage of the introductory free premium access to our course and others. Sign up today! Visit now. Or you can always join our next classroom based course see here for details.

Become Interview Ready

Become interview ready with our range of services. If you are looking for a job in the public sector or not for profit sector, it is important to prepare for interviews and have the right skill set on your CV. We offer assessments and learning materials for some of the essential and desirable skill areas needed. Assess your skills and depending on your level, you can improve them with the supporting learning resources. When you complete the assessment you will immediately receive a feedback report. Topics include: Basic Maths and Statistics; Budget Setting; Budget Management and Control; Fraud Awareness and Bribery Act; Financial Strategy; Financial Accounting Techniques; and Business Planning Our assessments have been used world wide to measure and improve skills. Individuals use them to enhance their job prospects and CVs, and to assist in becoming interview ready. Employers use them to ensure prospective staff have the level of competency required for the role. All assessments are £9.99 each and can be purchased from this website. They are also

Recruiting Finance Staff for the Public Sector

  Recruiting finance staff for the public sector is our area of expertise. This cost effective service is ideal for recruiting finance staff at any level from officers to Director positions. We work with organisations in both the public and non profit sectors, including recruitment agencies. Our services include reviewing potential candidates CVs, designing interview questions, and if required participating in the recruitment panel. The service includes using our own online financial competency assessment system. This system can be tailored to meet the needs of specific job descriptions, for all levels of finance posts. Using our services can save money lost when recruiting the wrong person for the job. We are now offering a fixed fee cost effective service package which includes: Review of CVs to provide a first shortlist Objective assessment of core skills and knowledge, using our online system Bespoke competency assessment to match job description Shortlisting of candidates for interview after the assessment results Client summary identifying key questions to incorporate during the interview   Using experts

The 5 Step Budgetary Control Process

The 5 Step Budgetary Control Process To ensure effective budgetary control, budgets must be effectively monitored and managed. Although the difference between monitoring and managing budgets is not clearly defined, there are certain characteristics that set them apart. The two can be broadly distinguished as follows:   Monitoring budgets Managing budgets Checking accuracy of actual income and expenditure reported; comparing “actuals” with budgets; calculating variances; identifying trends; highlighting any variations to the budget owner Taking the necessary action, based on the monitoring results, to ensure the budget remains within control.   The budgetary control process ensures funds are being utilised in accordance with the required level and quality of output from the allocated resources. The process of controlling budgets can be broken down into several steps: Establishing actual position Comparing actual with budget Calculating variances Establishing reasons for variances Taking action to exert control Step 1 – Establish Actual Position All organisations have some form of an accounting system which records their income and expenditure. Depending on the system, budgets will

Develop your financial skills! Take our free online finance skills assessment

Develop your financial skills by taking our free online assessment. This assessment will identify whether or not you need to develop your financial skills further. The assessment is a mixture of multiple choice and multiple selection questions. It is an ideal tool to assess your financial competency and identify whether or not you need to undertake further training. You will have immediate access to a feedback report with scores for your knowledge and practical application. If you score over 85% overall, you will be awarded a free certificate. CPD points will be awarded if you also purchase one of our books. Take the assessment now! Find out more

Finance and Management Books for the Public Sector

  Finance and management books for the public and non profit sectors. View our showcase video.  These titles are all available to purchase in paperback online by visiting our “Books and eBooks” page. Kindle versions are available from Amazon, and eBook versions from Googlebooks. These books are easy to read and practical. They are ideal for managers and those working in the public and non-profit sectors. They contain exercises and self development activities to help develop finance skills. Some of the books when combined with our online assessments attract CPD certification. See our CPD courses page for more details.

6 Budget Setting Techniques – Explained

The budget setting process is crucial for effective budgetary control. Budgets should accurately reflect the services being provided. There are several budget setting techniques that can be used for both expenditure and income budgets. These techniques can be used independently or in combination, depending on the type of budget implemented. The 6 widely used budget setting techniques are: Incremental budgeting Zero based budgeting Cash limited budgeting Resource restricted budgeting Activity based budgeting Contingency budgeting 1.     Incremental budgeting The incremental budgeting technique uses historic income and expenditure data as a starting point. This data is usually acquired from the previous year’s budget, accounts, or a combination of the two. The historic data is used as the baseline to formulate the budget for the following year. The budget can be set by implementing the following procedure: Consider each budget heading separately Add or subtract inflation factor to the historic data Adjust for other known factors such as savings or approved growth Advantages Simple Quick Accurate – only if there is little change