Public Finance Management Course

Introduction to Public Financial Management (PFM)

• Public Financial Management Framework
• Objectives of Public Financial Management
• Fiscal Policy
• Budget Cycle

Budget Strategy

• Budgeting and budgeting techniques
• Revenue management
• Project management

Budget Formulation

• Annual Budget
• Medium-Term Budget

Budget Approval

• Legislative Approval
• PFM Act
• Legal Aspects of Budget Approval

Budget Execution

• Budget execution strategy
• Budget execution cycle
• Cash planning
• Debt management
• Procurement

Accounting & Internal Control

• Financial Management Information Systems
• Accounting aspects – Accrual and Cash basis IPSAS
• Internal Control Policies
• Internal Audit

External Audit

• Supreme Audit Institutions
• International Auditing Standards
• Fiscal Councils
• Legislature Oversight
• Public Participation

Budget Evaluation

• Budget Feedback
• Comparing Actuals vs Budgets
• Fiscal Transparency
• Updating the Budget Strategy

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result, participants will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.