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Public Financial Management (Virtual Classroom)

Course Details

Code:3911v
Select a start date for more details
Virtual Classroom
22 Mar - 26 Mar 2021
Level
Overview
CPD
20 Hours
Time
13:00-17:00
Location
Virtual Classroom
Cost
£2,300.00
Subject to Online Tax From Web (Read more)
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Introduction

This online public financial management training is being delivered live in 5 individual sessions which run on consecutive days. The sessions will run each day from 13:00 – 17:00 London (UK).

You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the public financial management training topic, you are looking for, or if you would like an online classroom in another timezone, please tell us.

International standards of public financial management have been improving steadily, led by international agencies such as the IMF, the World Bank and the UN Development Fund. Maintaining these standards including applying current best practice will be particularly challenging over the next decade as major adjustments required to meet the challenges of climate change and achieve millennium development goals are now overlayed by the financial consequences of the pandemic.

This course will equip all those involved in planning, managing or reporting on public finances with up-to-date knowledge of current best practice covering the full public financial cycle of budget planning, budget execution and budget reporting. It will also include practical skills-based sessions on some of the key techniques.

Knowledge sessions will cover key concepts such as strategic financial planning, alternative budgeting methods, cash and debt management, costing and policy appraisal, revenue management, financial reporting and evaluation.

These will be complemented by case studies and skills-based sessions involving specific techniques such as fiscal risk management, performance budgeting, budget adjustment and financial reporting and audit.

Learning Objectives

As a result of participating in this course you will be able to:

  • Describe the general picture of current developments, challenges and best practices in PFM internationally
  • Apply the basic concepts underlying effective public sector financial management
  • Assess approaches to budget construction
  • Evaluate techniques for budget management under fiscal stress
  • Compare public sector revenue options
  • Recognise different approaches to public finance reporting and accountability

Who Should Attend

Anyone involved in the preparation, management or reporting of public finance at any level including managers, administrators, specialists and elected representatives.

Topics

Session One – Overview & building blocks

  • Overview of Public Financial Management
  • Introduction to public sector accounting methods
  • Value for Money
  • Internal control & audit

Session Two – Budgeting

  • Budgeting methods
  • Strategic budgeting
  • Costing and policy appraisal
  • Performance budgeting

Session Three - Budget Execution

  • Budget implementation components & methods
  • Cash and debt management
  • Managing budgets under fiscal stress
  • Revenue management: tax, non-tax revenues and resource rents
  • Reporting and evaluation

Session Four – External accountability

  • Financial reporting frameworks:
  • Cash based
  • Accruals based
  • Financial oversight and audit
  • Performance and regularity audit

Session Five – Bringing it all together

  • Reporting to the legislature
  • Reporting to other external stakeholders
  • Concluding Case study exercise

Teaching Method

  • Group live instruction and illustrative examples
  • Use of examples of best practice and introduction to models you can use back in the workplace
  • Interactive participation will be encouraged
  • All participants will receive digital copies of the presentation slides, handouts and other course materials

Instructors

The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.

Venue

Our seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

 

Field of study: Accounting

Prerequisites

Participants should have some involvement in public sector finance whether as a manager, administrator, specialist or elected representative. Some practical experience in using financial information will be helpful although not essential and accountancy knowledge is not needed.