There is an increasing focus on improving the quality of public financial management around the globe, with many countries in both the developed and developing world making important and impressive achievements in strengthening public financial management and governance.
Nonetheless, much still remains to be done. The public sector landscape is rapidly changing with an increasing emphasis on fiscal management and discipline, prioritisation of expenditure and value for money. As a result it is even more important that international donors, governments, national and local institutions, including regulators and professional accountancy bodies, work together in partnership to achieve long-lasting improvements, transparen
- knowledge gained through development of systems of training, education, and preparation of accountancy professionals;
- experience assisting professional accountants in transitioning from national to international standards; and
- international insight into best practices in quality control and investigation and discipline to support public sector efforts to professionalize and enhance the capacity of their workforces, adopt and implement international standards, and develop internal processes for quality control within the government.
Governance and Development
- This module looks at the political and technical issues and role players involved in public financial management. Delegates examine accountability and governance in the structure of government, and the principles and practices of intergovernmental fiscal relations, including revenue assignments, expenditure responsibilities, and intergovernmental transfers. It introduces the accountability cycle, and the mandates, functions, roles and responsibilities that apply in the area of public finance.
Revenue and Funding
- The revenue module acquaints delegates with public sector revenue sources, including principles of taxation, public sector borrowing, systems of intergovernmental transfers and revenue administration.
Strategy, Plan and Budget
- This module introduces participants to government sector budgeting with an emphasis on developing service strategies, plans and budgets. The module looks at the budget cycle, ensuring that the budget reflects the strategy and plan, preparing and defending budget submissions, managing budget tensions and reconciling plans to final budget allocations.
- This module looks at the management of public sector expenditures, including programme and project financial management, cost centre management, and accountability and the delegation of financial responsibilities. Specific topics include supply chain management, managing the compensation of employees, capital expenditure management and cash and debt management.
Reporting and Accounting
- This module looks at the reporting cycles, their purposes, and their processes and contexts. It includes management reporting, reporting to governance and political committees, and annual and public reporting, as well as the discourses and meanings of public financial accountability, closing the books, engaging with the auditor and the audit committee. This module also looks at risk management and risk management reporting systems.
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