LPC Support Seminar- Financial Management

Wednesday, 10 April, 2013 10am to 4pm
Ambassadors, London

Also running 16th April 2013 in Leeds at the Hilton City

One of the main responsibilities for LPC members is to set and manage the LPC budget to make sure that contractors are getting the best value from their levy. LPC members are directly accountable to contractors for the management of the LPC finances. To discharge this duty and as a matter of governance all LPC members must have the necessary expertise so that contractors can be assured that their levy is being managed properly. This workshop from PSNC is for LPC members and officers and covers the financial management skills and systems that apply to LPC finances.

Additionally we could see the NHS CB asking for the LPC budget to accompany a request for levy in the future so LPC members must be able to cost a business plan,  understand LPC budgeting and  how to manage the LPC finances.

The day will be a mix of presentations and scenario discussions and will cover:

  • How to set a budget
  • How to cost a business plan
  • How to structure and maintain management accounts
  • Expenses policies
  • Setting the levy
  • Cost control and increasing efficiency
  • Risk assessment
  • Salary/consultancy fee reviews
  • Financial governance
  • Annual accounts
  • Payments to members

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