The PULSAR program will host a joint Smart Interactive Talk (SIT) of Financial Reporting (FinCoP) and Education (EduCoP) Communities of Practice. The webinar “Balance Sheet Approach in times of COVID-19” will be held online via KUDO Platform, on June 23, 2020, 8:30 am - 9:30 am EST.
Governments are faced with unprecedented fiscal decisions in their response to the COVID-19 pandemic. They are spending and borrowing more, even as domestic revenues fall. Financial statements, such as government balance sheets, and the information they provide, can play a critical role in informing how scarce resources are allocated.
The main objective of this virtual workshop is to discuss and provide information to the participants on how to interpret, reflect and project the impact of government decision-making during crisis on Balance Sheets of Governments. Some of the topics to be discussed during the workshop are:
- What are the most likely medium term trends in impact on Statement of Financial Performance, Statement of Financial Position and Cash flow statement of Governments;
- How can Balance Sheet approach support long-term thinking, counteracting illusions and protecting Government net worth
- How should Public Sector Training curriculum incorporate Balance Sheet approach?
Please note that the webinar will be conducted in English with simultaneous Albanian, BCS & Russian interpretation.