CME - Module 5 - Understanding Financial Reports and Budgets

eLearning Course Overview

The course has been specifically developed to address the unique skills and knowledge requirements of an Elected Member to review financial reports, budgets, interpret financial statements, compare revenue and expenditure, defined in the Local Government Act 1995.

As an Elected Member of your Local Government, there will be constant pressure for you to be accountable and assume fiduciary responsibilities for the finances of your Council. This will require you to understand, and be continually vigilant about, your Councils financial affairs.

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Target Audience

  • A necessary course for newly Elected Members.
  • Recommended for returning Elected Members to refresh and update their knowledge and understanding of their role within Local Government.

Learning Outcomes

  • Understand basic accounting principles and concepts.
  • Analyse the roles and responsibilities of Council, Councillors, the CEO and Audit Committee.
  • Apply strategic financial management.
  • Understand the imposition of rates, annual budgets and financial management reporting.

Topics & Duration

  • Topic 1: Introduction
  • Topic 2: Strategic Decision Making Processes 
  • Topic 3: Financial Concepts
  • Topic 4: Budgets
  • Topic 5: Monthly Reports
  • Topic 6: Annual Reporting

This eLearning course is self‑paced, allowing you to study at a time that suits you. Access begins at enrolment and ends when you complete the course or when your access period expires, whichever occurs first.

Estimated duration: approximately 2 hours (Timings are indicative only. Please allow additional time to complete summary tests.)

Fees & Access

Single course fee – 3‑month access

  • $370.00 (plus GST) per person

Subscription access – 12‑month access for up to 50 participants

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