Budgeting in Government with an Emphasis on SCOA
3 Day Training
Dates: Available on Request
Locations: Grayston Ridge Office Park, Sandton
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
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.
