Community Government Finance Training

What is the purpose of the program?

The purpose of the Community Government Finance  Program is to assist community government staff to develop knowledge and skills in the finance field as it relates to community government responsibilities.

What are the objectives of the program?

  • To introduce the theory, standards (Generally Accepted Accounting Standards (GAAP) and concepts of accounting.
  • To develop basic accounting skills used to record and analyze community transactions, prepare adjustments and complete the accounting cycle.
  • To instructs individuals to prepare and provide accurate financial information to management, council and funding agencies.
  • To demonstrate budget and quarterly financial information in preparation for elected officials.
  • To develop computerized accounting and reporting systems.
  • To better prepare finance staff for the annual audit.

Why should I take the Community Finance Training program?

Upon completion, participants will be better prepared to process financial data, report and interpret financial statements, help with the efficient operation of your community government and prepare for the annual audit.

What do participants receive upon completion?

Upon successful completion of the required 10 courses, participant receives a Certificate of Program Completion.

When and Where?

The School of Community Government develops an annual Calendar with dates and locations of annual course offerings.  Courses are delivered in various communities throughout the NWT on a rotational basis.   Some courses will soon be available online as e-Learning courses.

Courses Available

Accounting Cycle I (Moodle)

Course Description:

The purpose of this course is to provide the student with a fundamental knowledge of basic bookkeeping and accounting concepts, with an emphasis on the unique accounting requirements of the different organizations in the Northwest Territories. This is an 8 week online course delivered through the Moodle eLearning platform. Students will be engaged through online discussion forums, webinars, videos, assignments and other self-directed learning activities. The course duration is 45 hours and students can expect to be engaged in course activities for 4-6 hours per week.”

Accounting Cycle II (Moodle)

Course Description:

This course offers advanced concepts needed to complete the accounting cycle. Community Government staff will learn to prepare adjusting and closing entries and complete monthly accounting procedures and records. The course concludes with review of petty cash, cash and the evaluation of internal controls of community government assets.

This is an 8 week online course delivered through the Moodle eLearning platform. Students will be engaged through online discussion forums, webinars, videos, assignments and other self-directed learning activities. The course duration is 45 hours and students can expect to be engaged in course activities for 4-6 hours per week.

Advanced Financial Practices

Course Description:

This course provides an overview of the financial analysis required to ensure that financial reporting is accurate. This applies to both internal reporting prepared by the community government staff and information prepared for the external auditor.  The course includes a wide range of topics that cover knowledge and skills required by senior finance and administration staff in financial analysis, financial reporting and audit preparation. 

Budgeting, Reporting and Monitoring for Finance Results

Course Description:

Introduces community government staff to the development of the budgeting process, defining revenues and expenses, preparing and monitoring a budget and variance reports.

Communications, Community Leadership and Public Relations

Course Description:

Prepares community leaders and staff to communicate effectively to increase effective communication with the public, council, and media.

Computerized Accounting Application (Intermediate)

Course Description:

Intermediate computerized accounting content which varies depending on the software used. Customized reports and creation and development of accounting information using accounting software will be covered.

Computerized Accounting Application (Introduction)

Course Description:

Introductory knowledge in business software applications. Setting up accounting records, data entry, and preparation of financial statements and techniques to find computerized errors.

General Financial Practices at the Community Level

Course Description:

Provides information on the general roles, responsibilities and skills sets of a financial manager. How financial managers make decisions to generate funds, manage assets, and accounting processes, report on financial activities, and ensure that assets are protected.

Human Resource Planning and Development

Course Description:

Introduces community government staff to field of human resource from a community government perspective. It further introduces key elements of human resource management and develops an understanding of the roles and functions of human resource management. * transferable credit

Keeping Your Accounting Records and Payroll

Course Description:

Reviews the conceptual framework of accounting, requirements found in the CICA handbook. It also covers short-term investments, capital assets and the assessing, valuing and capitalizing of community capital assets. Also includes is a review of the valuation and control of liabilities and payroll functions including employee benefits.

Payroll Administration

Course Description:

Introduces the requirements for a community government to set up and produces a payroll. Participants will be guided through the setting up of employer accounts with the authorities, calculation of manual payroll and statutory withholdings and the monthly, semi-annual and year-end reporting requirements.

Sage 50, Simply Accounting

Course Description:

Accounting Software Application - SAGE 50 is one of the specialized courses in the Community Finance Program. Participants will be introduced to the computerized accounting environment from a community government perspective using Simply Accounting Premium software.