Public Financial Management: Aiming for excellence

In Procurement and Public Finance by publicadmin

Duration: 2 weeks
Dates: 22 November to 3 December 2021
Dates: 21 November to 2 December 2022
Tuition fees: £3,975 (exc. VAT)

Duration: 9 days
Dates: 19 to 29 April 2022
Tuition fees: £3,775 (exc. VAT)

About the workshop
Throughout the world the public sector is under pressure to deliver better services, often with reduced resources. This creates a need for improved management of scarce resources, including people, assets, money and information. This workshop reviews the resource allocation mechanisms and budgetary and financial controls in public sector organisations
to ensure that resources are optimally planned, monitored and controlled. It examines the latest developments and the use of technology to improve control and achieve efficiencies.

What the workshop will cover
• Good practice in public financial management
• How to make use of Medium Term Expenditure Frameworks (MTEF)
• Implementing effective budget management
• Capital budgeting and the links to sound asset management
• Reporting requirements
• An introduction to International Accounting Standards (IPSAS and IFRS)
• Financial risk management
• Preparing for external scrutiny and audit
• Understanding treasury management and the critical importance of cash.

How participants will benefit
It will enable you to:
• Implement stable planning and budgeting frameworks to assist financial management, effectiveness and propriety
• Understand the role of the manager and the accountant in financial management
• Support Management Boards and the political/ managerial processes more effectively
• Appreciate the corporate governance implications of better management of resources
• Assist in implementing improved medium-term financial planning and budgeting
• Link the role of budgeting to risk management, performance management and resource allocation
• Understand the principles, challenges and benefits of International Accounting Standards
• Understand the requirements of donor organisations.