This course is designed to equip participants with knowledge and skills in managing financial resources within the public sector. This course delves into complex financial concepts, regulations, and strategies specific to public sector organisations, focusing on budgeting, accounting, reporting, and financial decision-making processes. Participants will explore techniques for financial analysis, risk management, and performance evaluation to enhance the financial sustainability and accountability of public sector entities.

For whom:

This program is designed for Government financial managers and accountants, Policy makers, public sector auditors, financial analysts, Budget officers and public administrators

Learning objectives:

At the end of the program, participants will be able to:

• comprehend the principles, concepts, and processes underlying public financial management;
• analyse the importance of sound financial management in the public sector;
• develop advanced skills in budget preparation, execution, and monitoring;
• learn about performance-based budgeting and medium-term expenditure frameworks (MTEF);
• gain proficiency in financial reporting standards and techniques;
• enhance the ability to analyse financial statements and reports;
• explain the role of internal controls and audits in safeguarding public resources;
• design and implement effective internal control systems;
• design strategies to improve accountability and transparency in public financial management; and
• implementation of anti-corruption measures in the public sector.

Course Outline:

Day 1: Introduction to Public Financial Management

Module 1: Overview of Public Financial Management (PFM)

• Importance of PFM
• PFM cycle: planning, budgeting, accounting, reporting, and auditing

Module 2: Legal and Regulatory Framework

• Key laws and regulations governing public sector finance
• International standards and best practices

Day 2: Advanced Budgeting Techniques

Module 1: Budget Preparation and Execution

• Traditional vs. performance-based budgeting
• Medium-Term Expenditure Framework (MTEF)

Module 2: Budget Monitoring and Evaluation

• Techniques for monitoring budget performance
• Evaluating budget outcomes and impact

Day 3: Financial Reporting and Analysis

Module 1: Financial Reporting Standards

• International Public Sector Accounting

Standards (IPSAS)

• Government Financial Statistics (GFS)

Module 2: Financial Statement Analysis

• Techniques for analysing financial statements
• Use of financial ratios and other tools

Day 4: Internal Controls and Auditing

Module 1: Designing Effective Internal Controls

• Principles of internal control systems
• Risk management and internal controls

Module 2: Public Sector Auditing

• Types of audits: financial, performance, compliance
• Role of supreme audit institutions (SAIs)

Day 5: Accountability and Transparency

Module 1: Enhancing Accountability in Public Finance

• Mechanisms for accountability
• Role of public accounts committees

Module 2: Promoting Transparency and Anti-Corruption

• Transparency frameworks and tools
• Strategies to combat corruption in public finance
• Case Studies and Best Practices
  • Real-world case studies and best practices in advanced public sector financial management

This course package includes: Course material in soft copy, Tea break, Lunch, City tour, and certificate of attendance.

A Core 1.5 laptop with the soft copy of the course material loaded with a carrying bag will be presented to the participants at the end of the course.

Note: Payment is either U$D or the prevailing parallel market rate. We do not accept government official rate.

Training Methodology

• Methodology: Lectures, discussions, exercises, case studies, and audio-visual aids will be used to reinforce these teaching/learning methods

Course Booking

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