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Public Financial Management (PFM)

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Public Financial Management Bootcamp (8 days)

Course Details

This course is not presently part of our active schedule and we are monitoring demand. Join our waiting list so our customer service team can include you in the conversation. We can keep you informed and updated when venues/dates are available.
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This course has been retired and has been replaced by our new 9-day Public Sector Bootcamp. Click on the link to read more.

The course is split into 11 modules across 8 days. Each module builds on the previous one with a series of case  studies and exercises testing the delegates understanding of the issues. The course culminates with a module which brings all the other modules together by focusing on the need to communicate financial information, and the impact of that information, to other people who do not necessarily have a detailed understanding of finance.

  • Module 1 is focused on the basics of Government Finance and how public finance is raised and expenditure is controlled. Modules 2, 3 and 4 cover the principles of financial reporting, budget management and Value for Money, including an accountancy based business simulation.
  • Module 5 covers risk management and internal controls.
  • Modules 6, 7 and 8 look at revenue management, investment appraisal and the financial elements of business cases and expenditure management, while module 9 looks at aspects of contract management.
  • Module 10 considers the importance and role of audit in relation to financial and operational management and Modules 11 concludes by looking at the effective communication of financial  information.

Successful completion of the course will provide delegates with much of the knowledge and many of the skills to help them to move into senior Public Sector roles in the following areas:

  • Financial accounting
  • Management accounting
  • Revenue management
  • Cost reduction and assessing value for money
  • Internal auditing
  • Investment appraisal
  • Financial control
  • Financial governance
  • Procurement
  • Contract Management

Registration fee for this unique event includes:

  • 8 days of formal tuition by some of our most senior instructors.
  • Full set of course materials (including case studies, illustrations and examples).
  • An iPad Mini which you can use for research during and after the course.
  • A local sightseeing tour, arranged and paid by IASeminars.
  • Lunch and refreshments on every teaching day.
  • Farewell dinner with graduation photographs.

This course has been retired and is no longer available.  Please see our latest courses on this topic below or contact our Customer Services Team.

Learning Objectives

  • Gain in-depth knowledge of best practice government finance processes
  • Understand how all government finance roles should fit together
  • Take your public sector finance skills to an advanced level
  • Understand how to communicate with people who don’t have a finance background
  • Be able to move into a different public sector finance role
  • All participants receive an iPad Mini to be used for technical research during and after the course
  • City tour and graduation dinner, arranged and paid by IASeminars

Who Should Attend

  • Public sector finance staff from around the world
  • Part qualified and qualified accountants who want to move into public sector roles


  • Module 1 - Introduction
    • The basics of Government finance
    • The control of public money
    • Where the money comes from and how it is allocated and distributed
    • Debt finance
    • The need for accountability
  • Module 2 – Financial Reporting and Public Sector Finance Simulation
    • Cash accounting
    • Accruals v cash accounting
    • Link between the Income Statement, Balance Sheet and Cash Flow Statement and finance simulation
    • Capital v resource
    • Valuation v historic cost
    • Financial reporting and financial reporting frameworks
    • Migrating to accruals based accounting
  • Module 3 – Planning and Budget Management
    • Strategic planning
    • The annual financial cycle of activities
    • Service line planning
    • Budgeting
    • Budget execution and in year management
    • Forecasting
  • Module 4 – Value for Money
    • Economy, efficiency and effectiveness
    • Delivering services in a way which gives value for money to tax payers
    • Prioritisation of services
    • Measuring value for money
    • Performance management
  • Module 5 – Risk Management
    • Risk identification in the public sector
    • Risk management
    • What is governance
    • The link to internal controls
    • Types of internal controls
    • Effectiveness of internal controls
  • Module 6 –Revenue Management
    • Sources of revenue
    • Generating optimal mix of revenue from different sources
    • Revenue budgeting and forecasting
    • Pricing goods and services
    • Revenue collection and mechanisms for closing revenue leakages
    • Bidding for and claiming grants
  • Module 7 – Investment Appraisal and Business Cases
    • Objective and components of a business case
    • Financial and economic case
    • Techniques for financial appraisal
    • NPV calculations
    • Affordability and value for money
    • Capital budgets
    • Property asset management
  • Module 8 – Expenditure management and Procurement
    • The procurement cycle
    • Procurement principles and process
    • Knowing the market place
    • Evaluating tenders to achieve best value for money
    • Controls over procure to pay
    • Cost containment strategies
  • Module 9 – Best Practice in Contract Management
    • The Link to procurement
    • Contract administration
    • Supplier relationship management
    • Managing the supplier’s performance
    • Contract end or exit
  • Module 10 – Internal audit Modern
    • View of internal audit
    • Attributes of an effective internal auditor
    • Risk Based internal auditing
    • Audit planning and execution
    • Audit recommendations
  • Module 11 – Effective communication of Financial Information
    • Presentation of financial information
    • Helping others to understand the link from operational activities to finance
    • Effective report writing
    • Influencing others to make good financial decisions

Teaching Method

  • The workshop will consist of eight days of instruction and participation, separated by a weekend break. Note the working week in the following locations:
    • Europe & USA: Monday-Friday
    • UAE: Sunday-Thursday
  • Group live instruction in a workshop format
  • Review of a variety of case studies and exercises
  • Understanding best practice in certain areas
  • Business Simulation
  • High level of attention to individual participants
  • Interactive participation is encouraged
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials


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


Several years’ experience in public sector finance roles will be helpful. No advance preparation is required for this course.