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 will review the resource allocation mechanisms and budgetary and financial controls in public sector organisations to ensure that resources are optimally planned, monitored and controlled. We will examine the latest developments in financial management practice and the use of technology to improve control and achieve efficiencies.
We will focus on:
• The big picture, managing financial resources
• Budget formation and control
• Using financial management as part of the achievement of the organisation’s overall strategy
• The linkages between finance, human resources, information and asset management strategies
• Successfully applying technology.
What the workshop will cover
• The elements of good practice public financial management including roles and responsibilities
• Medium-Term Expenditure Frameworks (MTEF)
• Implementing effective budget management
• Reporting requirements
• A brief introduction to International Accounting Standards for the public sector (IPSAS) and the private sector (IFRS)
• Treasury management including debt, investments and managing cash.
How participants will benefit
It will enable you to:
• Implement stable planning and budgeting frameworks
• Understand and fulfil the role of the manager and the accountant in financial management
• Support Management Boards and political/ managerial processes more effectively
• Appreciate the corporate governance implications of improved resource management
• Link the role of budgeting to risk management, performance management and resource allocation
• Understand the principles, challenges and benefits of International Accounting Standards.