Overview
Expenditure refers to the payment of a sum of money by an organization, arising from a valid commitment or obligation. Payments may arise from procurement activities, such as the purchase of goods and services. Payments may also arise from non-procurement activities, such as payment of salaries. The proper authorizing and recording of expenditures is a key component of financial controls.
The Expenditure Management Course is designed to introduce participants to the expenditure process and provide them with the skills and knowledge necessary to efficiently record expenditures. In addition, participants will learn how to effectively control expenditure costs through the use of proper financial controls.
Course Objectives
- Introduce the Expenditure process
- Learn how to efficiently record expenditures
- Understand how the FreeBalance Accountability Suite™ facilitates the expenditure process
Course Content
- Creating Expense Vouchers
- Generating Reports related to Expenditures
Target Audience
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
- Policymakers
Dates | On Demand |
---|---|
Length | 0.5 days |
Pace | Self Paced |
Fees | $50 (Introductory Price) |
Language | English |
Related Courses
Payroll Management
Managing payroll can be a complex and time-consuming task, but it’s a critical function of any organization. The Payroll Management course is designed to assist HR and payroll professionals understand the fundamental principles and best practices for effective payroll management by using the Payroll Management module.
General Ledger
This course provides a general overview of the features and benefits of using General Ledger in an integrated environment and focuses on how General Ledger integrates with other functional areas in the FreeBalance Accountability Suite.
Budget Planning
Budget Planning is a crucial phase of the Budget Cycle that seeks to balance the government’s limited resources with its competing policy priorities.