prospen.co.za

ProspenAfrica | Training and Consulting Services Provider

Public Financial Management and Administration

5 Day Training

Dates: 13 – 17 May | 29 July – 02 August 2024
Locations: Johannesburg, South Africa
Platform: Available In-Class / Online

Price: Available on request

This is a Non-accredited Course

Course Introduction

Public Financial Management involves overseeing public sector finances, essential for professionals in various government roles. This advanced course will provide you with a deep understanding of theoretical and practical aspects of Public Financial Management and Administration, vital for adapting to the changing nature and scale of government expenditure.

 

Why attend this Public Financial Management and Administration Masterclass?

The Masterclass in Public Financial Management and Administration is crucial for public sector professionals to stay abreast of rapidly evolving financial management principles, which are foundational to effective public governance.

 

Personal Benefits

Attendees will benefit by learning to:

  • Interpret financial reports and identify performance indicators.

  • Plan and manage budgets effectively, ensuring value for money.

  • Engage confidently in financial discussions and manage potential issues proactively.

Course Objectives

This Public Financial Management and Administration comprehensive course is designed to enable participants to:

  • Grasp the entire Public Financial Management (PFM) cycle.

  • Learn strategies for robust budget preparation and understand execution risks.

  • Apply internal control policies effectively during budget execution.

  • Assess policies and take corrective actions as needed.

Who should attend?

This Public Financial Management and Administration course is suitable for:

  • Government accountants and auditors.

  • Professionals in supreme audit institutions.

  • Diplomats, envoys, ambassadors, and public sector policymakers.

Training methodology

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: Public Financial Management Essentials

  • Framework and objectives of PFM.

  • The role of fiscal policy in PFM.

  • Phases of the budget cycle and their significance.

Module 2: Strategic Budgeting

  • Advanced budgeting techniques and revenue management strategies.

  • Integrating project management principles in PFM.

Module 3: Formulating the Budget

  • Techniques for constructing annual and medium-term financial plans.

Module 4: Securing Budget Approval

  • Navigating the legislative approval process.

  • Understanding the Public Financial Management Act and associated legalities.

Module 5: Executing the Approved Budget

  • Strategies for successful budget implementation.

  • Effective cash planning and debt management.

  • Best practices in procurement within PFM.

Module 6: Accounting and Internal Controls in PFM

  • Utilization of Financial Management Information Systems.

  • Adherence to accounting standards: Accrual and Cash basis IPSAS.

  • Establishing and maintaining robust internal control policies.

  • Role and process of internal auditing.

Module 7: The Role of External Audit in PFM

  • Function and standards of Supreme Audit Institutions.

  • Facets of legislative oversight.

  • Encouraging public participation in the PFM process.

Module 8: Evaluating Budgetary Performance

  • Methods for providing budgetary feedback.

  • Comparing actual financial outcomes with budget projections.

  • Promoting fiscal transparency.

  • Iterative updates to budget strategy based on performance data.

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