Nova Scotia Chapter – “Accrual Budgeting – Lessons from the Trenches”
The Nova Scotia Chapter cordially invites you to its upcoming online professional development session. Don’t miss this unique learning opportunity!
Sign up before June 1, 2021!
Cost: FREE (a lockdown BONUS!)
The goal of this session is to understand and demonstrate how public sector organizations are adopting accrual budgeting as an effective mechanism for long-term capital funding. Federally, the Department of Finance is encouraging capital asset intensive departments to adopt accrual budgeting as a mechanism to ensure long-term capital funding in support of better capital asset stewardship in the public sector. Implementation of accrual budgeting is complex, impacts enterprise processes and systems and involves resources from across the department.
Together we will run through how accrual budgeting enables enhanced planning of capital asset requirements to support the investment and life-cycle management of asset portfolios. To facilitate the discussion we will present an accrual budgeting approach that was developed to support work with several federal public sector departments but will be relevant to any public sector organization looking to move to accrual budgeting. We will speak to some lessons learned and the critical ‘get rights’ including processes for first years of adoption and tools that can support ongoing asset management.
The session will be an excellent starting point for anyone who is interested in seeing what operating under accrual budgeting looks like in the public sector and understanding its benefits.
This online learning session (via Zoom) will take place from 9:00 a.m. to 10:00 a.m. (Atlantic).
There is no cost for this session and entitles registrants to a complimentary annual membership with FMI National. This session qualifies for 1 verifiable CPD credit.
Deadline for registration is May 31, 2021.
Zoom link details will be emailed to registrants on Thursday, May 27, and Tuesday, June 1.
We look forward to “seeing you” on June 3rd!
Tim McCormick, Leader Public Sector Risk Assurances Services, PwC
Tim has over 15 years of progressive experience providing advisory services to both the public and private sectors. As the leader of PwC's Risk Assurance Services within PwC's Public Sector Practice, Tim specializes in projects related to strengthening financial management, optimizing control environments and driving insight through data and analytics.
Over the last five years, Tim has been leading the finance transformation including the implementation of accrual budgeting and investment planning at two of the largest federal government departments. Through these engagements, Tim has seen first hand the benefits and challenges of accrual budgeting as well as the need to work across the organization, as well as central agencies, to align people, processes and technology.
Victoria Trumpess, Manager, PwC
Victoria has over 6 years of experience providing advisory services across various industries, most specifically gaining an in-depth understanding of the complexities faced by government organizations. She has spent the last year supporting federal government departments with their implementation of accrual budgeting, working closely with them and building strong relationships to enable more effective collaboration and communication.
Victoria's experience also involves data analysis, and the design and implementation of business processes, helping organizations to enhance their financial performance through the optimization of these, and through the delivery of supporting budgeting tools tailored specifically for her clients.