Description

Introduction

Oracle Hyperion Public Sector Planning and Budgeting is designed to meet the unique needs of public sector organizations by providing tools for effective financial planning, budgeting, and resource allocation. This course covers the essential features and functionalities of Hyperion in the context of public sector planning, enabling participants to streamline budgeting processes and enhance fiscal accountability.

Prerequisites of Hyperion

• Basic understanding of public sector financial management
• Familiarity with budgeting processes and principles
• Knowledge of Oracle Hyperion applications is beneficial but not required

Table of Contents

1. Overview of Public Sector Planning and Budgeting
   1.1 Importance of Effective Planning and Budgeting in the Public Sector
   1.2 Key Features of its Organizations
   1.3 Understanding the Hyperion Architecture for Budgeting
2. Setting Up its Budgeting
   2.1 Configuring Hyperion Applications for Public Sector Needs
   2.2 Defining Budgeting Structures and Hierarchies
   2.3 Customizing Metadata for Public Sector Planning
3. Data Loading and Integration
   3.1 Importing Financial and Non-Financial Data into Hyperion
   3.2 Integrating with Other Public Sector Financial Systems
   3.3 Managing Data Validation and Reconciliation Processes
4. Creating and Managing Budgets
   4.1 Developing Comprehensive Budgets in Hyperion
   4.2 Implementing Budget Forms and Templates(Ref: Oracle Hyperion: Security Administration and User Access)
   4.3 Collaborating Across Departments for Budget Development
5. Budget Adjustments and Forecasting
   5.1 Managing Budget Adjustments Throughout the Fiscal Year
   5.2 Utilizing Forecasting Techniques for Budget Accuracy
   5.3 Incorporating Scenario Planning into Budget Processes
6. Reporting and Analysis
   6.1 Generating Budget Reports for Stakeholders
   6.2 Analyzing Budget Performance Against Actuals
   6.3 Creating Dashboards for Real-Time Budget Insights
7. Ensuring Compliance and Accountability
   7.1 Adhering to Regulatory Requirements in Public Sector Budgeting
   7.2 Implementing Audit Trails for Budget Processes
   7.3 Establishing Accountability in Budget Management
8. Performance Management in Public Sector
   8.1 Aligning Budgeting with Performance Objectives
   8.2 Using Key Performance Indicators (KPIs) in Budgeting
   8.3 Measuring Outcomes and Impact of Budget Decisions
9. Best Practices for Public Sector Budgeting
   9.1 Developing a Strategic Budgeting Framework
   9.2 Engaging Stakeholders in the Budget Process
   9.3 Leveraging Technology for Efficient Budgeting
10. Future Trends in Public Sector Budgeting
    10.1 Adapting to Changes in Public Sector Financial Management(Ref: Oracle Hyperion Financial Close Management: Streamlining Processes)
    10.2 The Role of Technology in Enhancing Budget Processes
    10.3 Preparing for Evolving Regulatory Environments

Conclusion
This course provides participants with essential skills and knowledge for effective public sector planning and budgeting using Oracle Hyperion. By mastering the functionalities of Hyperion, organizations can streamline their budgeting processes, ensure compliance, and enhance financial accountability. A well-structured approach to budgeting leads to better resource allocation and improved service delivery in the public sector.

Reference