Course Summary:

The Advanced Public Sector Financial Management course by Magna Skills is designed to equip participants with advanced knowledge and skills in managing financial resources within the public sector. This course delves into complex financial concepts, regulations, and strategies specific to public sector organizations, focusing on budgeting, accounting, reporting, and financial decision-making processes. Participants will explore advanced techniques for financial analysis, risk management, and performance evaluation to enhance the financial sustainability and accountability of public sector entities.

Course Objectives:

1. Advanced Budgeting Techniques: Understand advanced budgeting methodologies and techniques used in the public sector, including performance-based budgeting, zero-based budgeting, and program budgeting.

2. Financial Reporting and Compliance: Gain insights into complex financial reporting requirements and compliance standards applicable to public sector entities, including International Public Sector Accounting Standards (IPSAS) and Government Finance Statistics (GFS).

3. Financial Analysis and Decision Making: Develop proficiency in conducting advanced financial analysis to interpret financial statements, assess financial performance, and make informed financial decisions within public sector organizations.

4. Risk Management and Internal Controls: Learn how to identify, assess, and manage financial risks inherent in public sector operations, and implement effective internal controls to mitigate risks and ensure financial integrity.

5. Strategic Financial Management: Explore strategies for strategic financial planning, resource allocation, and investment decision-making to support the long-term sustainability and effectiveness of public sector programs and initiatives.

Course Outline

Module 1: Advanced Budgeting Techniques

• Performance-based budgeting
• Zero-based budgeting
• Program budgeting and cost analysis

Module 2: Financial Reporting and Compliance

• International Public Sector Accounting Standards (IPSAS)
• Government Finance Statistics (GFS)
• Compliance with regulatory requirements

Module 3: Advanced Financial Analysis

• Ratio analysis and financial performance indicators
• Cash flow analysis and forecasting techniques
• Financial modeling for decision-making

Module 4: Risk Management and Internal Controls

• Identifying and assessing financial risks
• Implementing internal controls and governance frameworks
• Fraud detection and prevention strategies

Module 5: Strategic Financial Management

• Strategic financial planning and resource allocation
• Investment appraisal and capital budgeting
• Financial sustainability and long-term viability

Module 6: Public Debt Management

• Principles of public debt management
• Debt sustainability analysis and debt restructuring
• Debt management strategies and policies

Module 7: Performance Measurement and Evaluation

• Key performance indicators (KPIs) for financial performance
• Performance measurement frameworks and methodologies
• Evaluating the effectiveness and efficiency of public sector programs

Module 8: Financial Leadership and Governance

• Leadership skills for financial managers in the public sector
• Corporate governance principles and practices
• Ethical considerations in public sector financial management

Module 9: Financial Technology (FinTech) and Innovation

• Leveraging financial technology for public sector financial management
• Innovation in financial processes and systems
• Digital transformation in public sector finance

Module 10: Case Studies and Best Practices

• Real-world case studies and best practices in advanced public sector financial management
• Application of advanced financial management techniques to address complex challenges

The Advanced Public Sector Financial Management course equips participants with the advanced knowledge and skills needed to navigate the complex financial landscape of public sector organizations. Through a combination of theoretical learning, practical case studies, and interactive discussions, participants will gain the expertise required to effectively manage financial resources, ensure compliance with regulatory standards, and drive financial sustainability and accountability within public sector entities.