Public Financial Management: Planning and control

In Procurement and Public Finance by publicadmin

Duration: 2 weeks
Dates: 18 to 29 November 2019
Tuition fees: £3,970 (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 will review the resource allocation mechanisms and budgetary and financial controls within public sector organisations to ensure that resources are better planned, monitored and controlled, consistent with organisational priorities. Reporting requirements and the implications for corporate governance will also be covered.

The workshop will focus on:
Doing the fundamentals well – best practice in fundamental financial processes will be examined, including payments, treasury management, income collection, cashiering and payroll.

International Accounting Standards and International Financial Reporting Standards (IPSAS and IFRS) – these standards have considerable implications for financial management and for the allocation of resources. Requirements and implications of the standards will be reviewed and the most effective mechanisms for improving financial management and reporting will be explored. Managing resources – best practice approaches to both revenue and capital and budget setting and a monitoring process that enables timely remedial action when things go wrong. Successfully applying technology – Integrated Financial Management Information Systems (IFMIS), alongside electronic transactions, have brought step changes in the performance of many organisations. How can technology be harnessed to provide real improvements in financial and resource management?

Who is it for?
The workshop is designed for policy-makers, financial practitioners and line managers with financial and resource management responsibilities.

How participants will benefit
The workshop will enable you to:

  • Implement stable planning and budgeting frameworks to assist financial management, effectiveness and propriety in the public sector
  • Support Management Boards and the political/managerial process 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
  • Recognise the importance of international accounting standards
  • Understand the requirements of donor organisations