[Solved]1.1 Explain the financial regulatory requirements in the public sector

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[Solved]1.1 Explain the financial regulatory requirements in the public sector

ATHE Level 6 Extended Diploma in Management

Managing Finance in the Public Sector

Unit aims

The learners will develop knowledge and understanding of finance and accountability in the public sector

Learning Outcomes

1. Understand the importance of accountability in public sector finance in a national context

1.1 Explain the financial regulatory requirements in the public sector

1.2 Assess the accountability of public sector staff when managing finance

1.3 Review publicly available financial information for different public sector organisations

1.4 Analyse the role of audit in the public sector to monitor and control

2. Understand how to manage financial resources in a public sector organisation

2.1 Review the information needed to manage financial resources in a public sector organisation

2.2 Evaluate how decisions about expenditure are made in a public sector organisation

2.3 Explain how any shortfalls in finance can be managed

2.4 Analyse the systems needed to manage finances in a public sector organisation

2.5 Assess the usefulness of ratio analysis and capital investment appraisal for public sector decisionmaking and control

3. Understand how to manage a public sector tender process

3.1 Review the stages of the public sector tender process

3.2 Explore how public sector tenders are evaluated, negotiated and awarded