Budgeting and Financial Management for Police Services

Introduction

This leading-edge training course is designed to provide a comprehensive overview of the important principles, key functions, and practical applications in the ever-changing world of public division finance, with a particular emphasis on how these apply to police services.

As part of their actual involvement in financial management, non-financial law enforcement workers and managers are regularly required to both provide input to the budget and respond to information presented in departmental financial reports.

It will provide a hands-on useful introduction for non-financial managers as well as a valuable refresher and update for finance experts working in the public sector policing area.

The course also includes an important update on International Public Sector Accounting Standards Board (IPSASB) standards as well as recent advancements in the department of New Public Management, with a particular emphasis on inferences for and requests to New Public Financial Management.

This training course will focus on:

• The setting for financial decision-making in the police services
• Supporting the trials of service delivery and cost constraints
• The distinguishing aspects of public division financial statements
• Dissolving and interpreting public division financial reports
• The objectives and methodology of budgeting in the police duties
• Capital investment appraisal and outsourcing decisions
• Public division management reformations

Course Objectives of Budgeting and Financial Management for Police Services

The training course has been planned to provide you with up-to-date awareness and functional skills in budgeting and financial management in the law enforcement function, sharpening on the principles and effective use of public division financial statements, budgets, and reports.

By the end of this training course, the Delegates will have acquired to:

• Recognize the function of financial accounting in the police services
• Provide financial reports in accordance with the IPSASB framework
• Explain and interpret police service financial reports
• Utilize the best training techniques of financial management in the police service
• Utilize forecasting techniques to plan for income and expenses
• Understand and actively participate in the police service budget manner
• Understand utilize capital investment appraisal processes

Course Methodology of Budgeting and Financial Management for Police Services

The training course will be designed as a highly participative workshop with formal shows, case studies, and interactive worked samples.

Relevant models and case studies are provided to demonstrate the application of each of the topics covered, and opportunities are equipped to acquire and utilize the key financial accounting and budgeting principles using practical illustrations and practices.

Organizational Impact of Budgeting and Financial Management for Police Services

The organization will serve from the improvement and functional application of skills in financial accounting and budgeting in compliance with the terms of the IPSASB framework.

This training course will deliver benefits in increased knowledge of key financial principles and developed decision-making.

The organization will especially serve from: 

• Upward-to-date awareness of the accounting requirements supporting the IPSASB framework
• Advanced level of knowledge of key public division and police service finance matters
• Improvement of up-to-date accounting and budgeting techniques
• Improvement of useful and practical financial management skills
• Functional skills in capital investment appraisal techniques
• Recognition of developments in New Public Management principles

Personal Impact of Budgeting and Financial Management for Police Services

The participants will benefit from updated knowledge and applied practical skills in financial accounting and budgeting in the context of public sector organizations. These skills will allow the participants to make a greater contribution to the budgeting and financial decision-making processes in their organization, at the same time enhancing their career development potential.

The definite advantages of this training course will involve: 

• Guidance on the origins of financial accounting and budgeting in the police service
• Awareness of the key current IPSASB accounting rules
• Improvement of advanced skills in financial analysis and interpretation
• Importance of functional skills in forecasting income and costs
• Effective techniques for accurate and useful budgeting
• Up to date awareness of police service budgeting principles and techniques
• Increased knowledge of recent developments in public division management