The broad aim of this course is to introduce participants to key knowledge and skills pertaining to Public Financial Management
Upon completing this course, participants should be able to:
- be familiar with key South African macroeconomic issues, & public financial management legislation, State Treasury Regulations, and the Public Finance Management Act;
- understand the weaknesses of traditional public finance management systems and the vision of the Public Finance Management Act;
- understand public finance management terminology and concepts;
- be familiar with the financial planning and budgeting system of the State;
- be aware of new and old management principles, approaches, and paradigms;
- be able to differentiate and apply various financial planning and budgeting techniques such as: Medium Term Expenditure Framework, zero-based budgeting, incremental budgeting, programme budgeting, and performance budgeting;
- be able to manage budget, cash-flow projections, and variance analysis successfully;
- be able to interpret and develop public financial management reports such as: income and expenditure statement, budget, MTEF format, cash-flow projection, variance analysis, assets register, programme budget, performance budget, and balance sheet;
- be aware of cost-effectiveness and cost-efficiency financial management concepts;
- be familiar with key principles of successful contract and tender management;
- be familiar with the concepts of financial decentralisation, cost-centres, and delegations and
- Be aware of public finance management success and failure factors.
- Demonstrating an understanding of the key concepts of managerial finance.
- Interpreting financial statements.
- Drafting financial forecasts.
- Drafting budgets according to operational plans of the unit.
- Supervising the financial management of a unit against given requirements
- Explaining the concept of budgeting pertinent to an area of responsibility.
- Determining the elements of a budget relevant to an area of responsibility.
- Monitoring and controlling actual expenses (and revenue), against projected budget.
- Section 1: What is financial management?
- Section 2: Financial management macro environment and legislation
- Section 3: Public financial management
- Section 4: Success factors of good public financial management
- Section 5: An economic perspective
- Section 6: Accounting practice and the Financial Management Cycle
- Section 7: Budgeting
- Section 8: Revenue management
- Section 9: Supply chain management
- Section 10: Asset management and fraud prevention
- Section 11: Adjustments estimate
- Section 12: Financial Misconduct
- Section 13: Financial Reporting
- Section 14: Analysing Financial reports
- Section 15: Auditing
No Reviews found for this course.
0 STUDENTS ENROLLED