Managing Finance in Public Sector is a Level 6 Award that equips learners with the skills to effectively manage financial resources in the public sector.
Designed for finance professionals, this award focuses on the principles and practices of financial management, including budgeting, financial planning, and control.
Some key areas of study include financial analysis, risk management, and governance, ensuring learners have a comprehensive understanding of the financial aspects of public sector organizations.
By the end of this award, learners will be able to apply their knowledge to real-world scenarios, making them more effective in their roles.
Take the first step towards advancing your career in public sector finance. Explore the Managing Finance in Public Sector Level 6 Award today and discover how you can make a positive impact.
Managing Finance in Public Sector is a comprehensive Level 6 Award that equips learners with the skills to effectively manage finance in the public sector. This OfQual accredited course offers a unique blend of theoretical knowledge and practical skills, allowing learners to develop a deep understanding of financial management principles and practices. By gaining expertise in financial planning, budgeting, and analysis, learners can enhance their career prospects in roles such as finance manager, financial controller, or public sector finance specialist. With a focus on public sector finance, this course provides learners with a competitive edge in the job market.
Benefits of studying OfQual accredited Level 6 Award Managing Finance in Public Sector
Managing Finance in Public Sector is a highly sought-after skill in today's market, with the UK public sector facing significant financial challenges. According to the UK Government's financial management statistics, the public sector's net borrowing has increased to £-**215.5 billion** (2020-21) and the total public sector net debt has reached ****£2.3 trillion** (2020-21). To address these challenges, the need for effective financial management has never been more pressing.
A Level 6 Award in Managing Finance in Public Sector, accredited by OfQual, provides learners with the necessary skills and knowledge to manage public sector finances effectively. The award covers topics such as financial planning, budgeting, and financial analysis, as well as the principles of public sector finance and the role of the public sector in the economy.
| Year |
Net Borrowing (£ billion) |
| 2010-11 |
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Career path
| **Career Role** |
Description |
| Financial Planning and Analysis |
Develop financial plans and models to support business decisions in public sector organizations. |
| Public Sector Finance |
Manage financial resources and develop policies to achieve public sector goals. |
| Local Government Finance |
Oversee financial planning, budgeting, and management in local government organizations. |
| Healthcare Finance |
Manage financial resources and develop policies to achieve healthcare goals in public sector organizations. |
| Education Finance |
Oversee financial planning, budgeting, and management in education sector organizations. |
| Charitable Finance |
Manage financial resources and develop policies to achieve charitable goals in public sector organizations. |
Learn keyfacts about OfQual accredited Level 6 Award Managing Finance in Public Sector The OfQual accredited Level 6 Award Managing Finance in Public Sector is a high-level qualification that focuses on developing advanced skills in financial management within the public sector.
Learning outcomes of this award include:
- Developing strategic financial management skills to support public sector organizations
- Applying financial management techniques to achieve organizational objectives
- Managing financial risk and developing effective risk management strategies
- Analyzing and interpreting financial data to inform decision-making
- Developing and implementing financial plans and budgets
The duration of this award is typically 12 months, with learners required to complete a range of assignments and assessments to demonstrate their knowledge and skills.
The Level 6 Award Managing Finance in Public Sector is highly relevant to the public sector industry, as it provides learners with the advanced skills and knowledge required to manage financial resources effectively.
Industry relevance is further enhanced by the fact that this award is accredited by OfQual, a leading awarding body in the UK, and is recognized by employers across the public sector.
Graduates of this award can expect to progress to senior roles in financial management, such as financial manager or director of finance, and can also pursue further study in areas such as financial planning or accounting.
Who is OfQual accredited Level 6 Award Managing Finance in Public Sector for?
| Ideal Audience for OfQual Accredited Level 6 Award Managing Finance in Public Sector |
| Individuals working in the public sector, particularly those in financial management roles, are the primary target audience for this award. |
| According to the UK's National Audit Office, the public sector employs over 4.8 million people, with finance and accounting roles being a significant proportion of this workforce. |
| Prospective learners in this field may include finance officers, accountants, and other financial professionals working in local authorities, central government, and public sector organizations. |
| The award's focus on managing finance in the public sector aligns with the UK's public sector finance management standards, making it an attractive option for those seeking to enhance their skills and knowledge in this area. |
| By completing this award, individuals can demonstrate their expertise in managing finance in the public sector and enhance their career prospects in this field. |
Course content•
Financial Planning and Budgeting: This unit focuses on the process of financial planning, budgeting, and forecasting in the public sector, including the preparation of financial plans, budgets, and forecasts, and the analysis of financial data.
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Financial Management and Control: This unit covers the principles and practices of financial management and control, including financial reporting, internal controls, and risk management, and the application of financial management techniques to achieve organizational objectives.
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Public Sector Finance and Governance: This unit explores the role of finance in the public sector, including the principles of public sector finance, governance, and accountability, and the application of financial management principles to achieve public sector objectives.
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Financial Analysis and Decision Making: This unit focuses on the use of financial analysis and decision-making techniques to evaluate financial data, identify trends and patterns, and make informed decisions about financial management and control.
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Financial Planning and Management in the Public Sector: This unit covers the application of financial planning and management principles to the public sector, including the preparation of financial plans, budgets, and forecasts, and the analysis of financial data to achieve public sector objectives.
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Financial Management Information Systems: This unit explores the use of financial management information systems, including financial management software, to support financial management and control, and the analysis of financial data to achieve organizational objectives.
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Public Sector Financial Management: This unit covers the principles and practices of financial management in the public sector, including financial reporting, internal controls, and risk management, and the application of financial management techniques to achieve public sector objectives.
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Financial Management and Performance Measurement: This unit focuses on the use of financial management and performance measurement techniques to evaluate financial performance, identify areas for improvement, and make informed decisions about financial management and control.
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Financial Governance and Accountability: This unit explores the principles of financial governance and accountability in the public sector, including the role of finance in achieving public sector objectives, and the application of financial management principles to ensure accountability and transparency.
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Financial Management in the Public Sector: This unit covers the application of financial management principles to the public sector, including the preparation of financial plans, budgets, and forecasts, and the analysis of financial data to achieve public sector objectives.
Assessments
The assessment process primarily relies on the submission of assignments, and it does not involve any written examinations or direct observations.
Fee and payment plans
Duration
Course fee
The fee for the programme is as follows:
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* This programme does not have any additional costs.
* The fee is payable in monthly, quarterly, half yearly instalments.
** You can avail 5% discount if you pay the full fee upfront in 1 instalment
Payment plans
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OfQual accredited Level 6 Award Managing Finance in Public Sector
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- Assessments:
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The programme aims to develop pro-active decision makers, managers and leaders for a variety of careers in business sectors in a global context.
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