Course Overview
Public Financial Management (PFM) means managing the finances of a public sector entity such as the National Government, State Government or any Government ministries, agency departments, or local government. Public Financial Management and Administration is essential for ensuring the effective utilization of public resources and fostering transparency and accountability in governance.
The primary objectives of public financial management are to ensure the efficient, effective, and transparent use of public resources, to support the delivery of public services, and to promote fiscal sustainability. Effective PFM practices are crucial for maintaining fiscal discipline, achieving policy objectives, and building public trust in government institutions.
This course covers various aspects of financial management within the public sector, including budgeting, accounting, auditing, and fiscal policy. Participants will learn about the principles, practices, and tools essential for maintaining transparency, accountability, and efficiency in public financial management processes.
Course Duration
5 Days
Who Should Attend
- Government officials involved in financial management and administration.
- Public sector finance managers and officers.
- Policy makers and advisors.
- Professionals working in public finance institutions.
- Auditors and accountants in the public sector.
- Development agency staff involved in public financial management projects.
Course Objectives
By the end of this course, participants will:
- Understand the principles and components of public financial management.
- Develop and implement effective budgeting and financial planning processes.
- Manage public revenues and expenditures efficiently.
- Ensure accountability and transparency in financial reporting.
- Apply best practices in financial administration within the public sector.
- Analyze and improve financial management systems and processes.
- Enhance their capacity to address financial challenges in the public sector.
Course Outline:
Module 1: Introduction to Public Financial Management
- Overview of public financial management.
- Key principles and components.
- Legal and institutional frameworks.
- Role of financial management in public administration.
Module 2: Budgeting and Financial Planning
- Budget preparation and approval processes.
- Types of budgets (operating, capital, and program budgets).
- Techniques for effective financial planning.
- Forecasting and resource allocation.
Module 3: Revenue Management
- Revenue generation and collection strategies.
- Taxation policies and administration.
- Non-tax revenue sources.
- Financial controls and compliance.
Module 4: Expenditure Control and Financial Reporting
- Expenditure management and control mechanisms.
- Cash and debt management.
- Financial reporting standards and practices.
- Auditing and accountability in the public sector.
Module 5: Enhancing Public Financial Management Systems
- Evaluation of current financial management systems.
- Best practices and reforms in public financial management.
- Use of technology in financial management.
- Case studies and practical applications.
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:
