RATIONALE
“Discover the intricacies of Advanced Public Finance Management in our comprehensive guide. Learn key strategies and best practices to optimize budgeting, fiscal policies, and financial decision-making for public institutions. Master the art of efficient resource allocation and sustainable financial management to achieve fiscal stability and growth. Dive into the world of public finance expertise now!” Collection of sufficient resources from the economy in an appropriate manner along with allocating and use of these resources efficiently and effectively, constitute good financial management. Resource Generation, Resource Allocation and Expenditure Management (resource utilization) are the essential components of a Advanced Public Financial Management system.
Advanced Public Finance Management (PFM) basically deals with all aspects of resource mobilization and expenditure management in government and other non-governmental organisations. Just as managing finances is a critical function of management in any organisation, similarly public finance management is an essential part of the governance process. Public finance management includes resource mobilization, prioritization of programmes, the budgetary process, efficient management of resources and exercising controls. Rising expectations of people are placing more demands on financial resources. At the same time, the emphasis of the citizenry is on value for money, thus making public finance management increasingly vital. The following subdivisions form the subject matter of public finance.
- Public expenditure
- Public revenue
- Public debt
- Financial administration
- Federal finance
LEARNING OBJECTIVES:
Personality Assessment Test: We conduct Personality Assessment Test on all our Course participants to help them understand their personality traits and dispositions.
At the end of the workshop, participants in addition, will be able to:
- Gain a deeper insight into Fiscal Policy Management
- Understand new approaches to budgeting
- Describe best practices in financial reforms
- Develop action plans for change in organisations and countries.
- Support Public Finance Management reforms and private sector development as it promotes inclusive and sustainable economic growth and poverty reduction
- Strengthen transparency and accountability in the use of public resources through organizational and human resource capacity building of officials at all levels of government and public life.
- Promote private sector development through business enabling reforms, and capacity building of Small and Medium Enterprises and private sector support institutions
COURSE CONTENT:
- Basic Principles and Fundamentals of Good Financial Management
- Overview of Fiscal Policy and Planning
- Public Finance Management
- Framework for good Public Finance Management
- An economic perspective of Public Finance
- Accounting Practice and the Financial Management Cycle
- Budgeting
- Revenue Management
- Supply Chain Management
- Asset Management and Fraud Prevention
- Adjustments Estimate
- Financial Misconduct
- Financial Reporting
- Analysis of Financial Reports
- Auditing
TARGET AUDIENCE:
Middle and Senior Level Officials in the public sector currently involved in formulating fiscal policies, frameworks or financial reforms.