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 real world 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