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Public Finance Management Act (PFMA) Related Treasury Regulations

5 Day Accredited Training

Unit standards: 377913 NQF Level 5 with 15 credits.

Dates: 26 – 30 August 2024

Locations: Johannesburg, South Africa

Platform: Available In-Class / Online

Price: Available on request

PSeta Courses

Course Introduction

The Public Finance Management Act (PFMA) and Treasury Regulations (TR), require the National and Provincial government sphere departments in South Africa to align their budgets to the achievement of their strategic plans. To achieve this, Management in the public sector must be empowered to apply strategic and operational planning principles for effective public service delivery, with us,  Prospen Africa will ensure you get all of that and more.

 

This Public Finance Management Act (PFMA) and Treasury Regulations (TR) training will include reference to the Institutions 2022 – 2023 Strategic Plans, National Treasury MTEF, and Budget Guidelines for 2024. This course is designed to assist managers in the public sector to effectively apply the requirements of the PFMA, TR and other related legislation as well as implement public financial management reform initiatives in the South African Public Sector.

Course Objectives

During this course on PFMA and TR, you will learn to:

  • Familiarise yourself with principles of sound Public Sector Financial Management.

  • Identify the Roles and Responsibilities of Line Managers regarding Public Financial Management.

  • Understand the Core Components of the PFMA and Treasury Regulations (TR).

  • Link the budget to the Strategic and Operational Planning within the MTEF (Medium Term Expenditure Framework).

  • Apply a sound public financial management process about Revenue, Expenditure, Assets, and Liabilities and prevent Unauthorised, Irregular and Wasteful Expenditure.

  • Apply effective Risk Management principles and Internal Control Systems.

  • Identify and apply actions required for successful integration of the Supply Chain Management Model into a government department’s management process.

Who should attend?

  • Contract Managers

  • Asset Controllers

  • Adjudication Committee Members

  • Bid Specification Committee Members

  • Asset Managers/Officers

  • Legal Service

  • Supply Chain Managers/Officers

Finance 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

MODULE 1 – Formulate linkages between the Constitution and the PFMA and explain the roles and responsibilities of the relevant treasuries.

  • The relationship between the Constitution and the PFMA.

  • Banking, cash management and investment frameworks.

  • Delegations by the national and provincial treasuries

  • Expenditure and use of funds

  • The roles and responsibilities of relevant treasuries

MODULE 2 – Determine the implications of strategic planning, annual performance planning and budgeting in departments, constitutional institutions, and public entities.

  • Strategic and annual performance planning.

  • The importance of monitoring and evaluation processes.

  • The purpose and implications of specific concepts.

MODULE 3 – Demonstrate an understanding of different arrangements and measurements in terms of the PFMA.

  • Revenue, expenditure, asset, and liability (REAL) management.

  • A differentiation is made between finance and operating leases taking cognisance of relevant Treasury Regulations and Practice Notes.

  • A differentiation is made between different types of expenditure to reflect what is unauthorised, irregular, fruitless and wasteful expenditure.

  • Concepts, processes, and structures within the relevant chapters of the Treasury Regulations and sections of the PFMA.

  • The general and reporting responsibilities of accounting officers and authorities entrusted with financial management.

  • Financial management processes and concepts.

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