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Budgeting in Government with an Emphasis on SCOA

3 Day Training

Dates: 26 – 28 August 2024

Locations: Prospen Africa Conference Venue

Platform: Available In-Class / Online

Price: Available on request

Course Introduction

Portfolio Of Evidence: To achieve competence in these unit standards, the learner must undergo assessment by a registered assessor and demonstrate competency in the following Formative Assessment and Summative Assessment.

Course Objectives

During this course on Budgeting in Government with an Emphasis on SCOA, you will learn to:

  • Applying knowledge and understanding of the South African legislative framework for budgeting processes.

  • Evaluating budgeting processes and procedures.

  • Managing budgetary processes and data to ensure that they comply with timeframes, integrated planning and legislative requirements.

  • Recommending and advising on the roles and responsibilities of role players in the budgetary process.

  • Prepare and compile the budget in line with policy initiatives and prescribed amounts.

  • By understanding SCOA, participants will be better positioned to make informed budgetary decisions aligned with national priorities.

  • Attendees will gain skills to ensure that budgeting and reporting are compliant with SCOA standards, leading to cleaner audits and increased trust from stakeholders.

  • Participants will be familiar with the future directions in public financial management and potential changes to SCOA, positioning them to adapt swiftly to new developments.

Who should attend?

  • Public Sector Accountants and Auditors

  • Financial Managers and CFOs in governmental entities

  • Budget and Expenditure Analysts

  • Other professionals working in financial roles within the public sector

  • Government officials involved in financial decision-making

  • Stakeholders and oversight authorities who need an understanding of government financial reporting

Public Sector Courses

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Introduction and Foundations

  • Welcome and Overview

  • Introduction of participants and facilitators

  • Expectations and objectives for the training

Government Budgeting in South Africa: Background

  • A brief history of public finance management in South Africa

  • Key legislation guiding public financial management: PFMA, MFMA

Overview of the Budgeting Process

  • Budget formulation, execution, monitoring, and evaluation

  • Budget cycles: planning, approval, implementation, and evaluation

SCOA Basics

  • Introduction to SCOA: Purpose and background

  • The importance of SCOA in ensuring transparency, accountability, and efficient resource allocation

In-depth Look at SCOA

SCOA Components

  • The seven segments of SCOA: Project, Fund, Region, Responsibility, Objective, Item, and Ledger

Coding and Classification

  • The logic and importance of SCOA coding

  • Practical exercises on coding

SCOA and Budget Preparation

  • How SCOA impacts the budget preparation phase

  • The importance of alignment and accurate coding

Practical Session

  • Case study: Developing a mock budget using SCOA principles

Q&A

Budget Execution, Monitoring, and SCOA Compliance

Implementing the Budget

  • Steps and best practices

  • The role of different stakeholders in budget execution

Budget Monitoring and SCOA

  • How SCOA assists in budget monitoring

  • Tools and techniques for effective budget monitoring

Budget Variance and Reporting

  • Identifying and addressing budget variances

  • Using SCOA for accurate financial reporting

Practical Session

  • analysing budget reports and ensuring SCOA compliance

Q&A

SCOA in the Broader Context & Wrap Up

Integrating SCOA with Other Systems

  • How SCOA complements other governmental systems

  • Ensuring interoperability

Auditing and SCOA

  • How auditors use SCOA for financial oversight

  • Ensuring clean audits through SCOA compliance

Auditor General ‘s comments on budgeting and SCOA

Strength, Weakness & Auditors recommendations

Future of Budgeting and SCOA

  • Trends and innovations in public financial management

  • Potential future changes to SCOA

Feedback and Recommendations

  • Opportunities for improvement in SCOA implementation

  • Feedback on the training and how it can be improved for future sessions

Certificate Distribution and Closing Ceremony

In-House training

This training outline is quite comprehensive, but can be tailored further based on the needs of the participants and the specific objectives of the training. The integration of both theoretical sessions and practical exercises should help in reinforcing learning outcomes.

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