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Public Financial Management (PFMA)

This short course for middle and senior managers in the public sector aims to create an awareness and understanding of the Public Finance Management Act 1 of 1999 (PFMA), as amended, and its implications.

Description

This short course for middle and senior managers in the public sector aims to create an awareness and understanding of the Public Finance Management Act 1 of 1999 (PFMA), as amended, and its implications. It will assist delegates to understand the basic concepts and principles necessary for sound financial management; to comply with the Treasury Regulations; to apply the performance requirements for financial management; and to apply the principles of effective reporting

Course Objectives

By the end of this course, participants will be able to:

• Understand the basic concepts and principles necessary for sound financial management;

• Comply with the requirements of the Public Financial Management Act;

• Comply with the Treasury Regulations;

• Apply the principals of financial management approach to managing for results;

• Apply the performance requirements for financial management; and

• Apply the principles of effective reporting.

How will this Training Course be Presented?

This course uses a range of training methods designed to achieve effective learning, and to maintain the interest and enthusiasm of delegates. The presenter will discuss, develop, and build a framework of core knowledge of the course topics, illustrating these with realworld examples.

Who is this Training Course for?

This course targets anyone in public service wanting to learn how to comply with PFMA legislation.

The Course Content

The short course covers the following topics:

1. Introduction to financial management

2. Financial framework applicable to public officials

3. Strategic planning and budgeting

4. Strategic planning

5. Costing

6. Expenditure classification

7. Performance measurement

8. Asset management

9. Risk management

10. Internal control

11. Payment processes

12. Supply chain management

13. In-year management, monitoring and reporting

14. Financial reporting and accountability

15. Definitions

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