Public Finance Management Oversight And Public Expenditure Control Training
INTRODUCTION
Public finance management (PFM) is a critical aspect of government administration and economic governance that encompasses the planning, allocation, utilization, and monitoring of public resources. It involves the management of government revenues, expenditures, assets, liabilities, and financial processes to achieve fiscal sustainability, economic stability, and the effective delivery of public services. PFM plays a pivotal role in shaping the economic and social development of a country, and it is essential for good governance, transparency, and accountability in the public sector.
Key components and aspects of public finance management include:
Budgeting
Revenue & Expenditure Management
Financial Reporting and Accounting
Public Procurement
Debt and Treasury Management
Audit and Oversight
Fiscal Policy
TRAINING OBJECTIVES
By the end of the training the participant should be able to:
Understand the importance of prudent financial management, transparency, and accountability in the use of public funds.
Equip participants with the knowledge and skills necessary for effective budget formulation, execution, and monitoring.
Understand revenue collection and management process.
Enhance capacity to conduct financial analysis and assess the financial health and sustainability of government programs, projects, and policies.
Enhance knowledge and tools needed to make informed decisions in public finances, budget priorities, and fiscal policies.
Public finance officers, budget officers, treasury officials.
Policymakers in matters public budgets, taxation, and fiscal policy.
NGOs finance officials
Donor Agencies officials
Citizens and Civil Society Representatives
TRAINING CONTENT
PFM Law Fundamentals: Overview of PFM legal frameworks and regulations, role of PFM law
Budgeting and Budgetary Oversight: Concepts of budgeting, Budget preparation process & techniques
Public Financial Management System: PFM Act and Regulations, Business Context of Financial Managemen
Public Sector Reforms: Trends and Challenges, Relationship Between the Reforms and Performance, Improvements in the Implementation of PFM Reforms.
Public Expenditure Management: Expenditure Planning and Prioritization, Authorization and Commitment Control, Payment Control.
Public sector ethics: Ethical Principles and Standards, Role of Ethics in Maintaining Public Trust and Confidence.
Financial Information Systems: IFMIS, E-Procurement Systems Data Security and Integrity.
Internal Control and Risk Management: Internal Control Frameworks, Risk Assessment and Management, Fraud Detection and Prevention.
Audit and Accountability: Internal and External Auditing, Audit Findings and Recommendations.
Financial Reporting Oversight Practices: Objective Vs. Independence, Building an Effective Internal Audit Function.
Financial Report Writing Skills: Best Practice on Writing Principles and Process, Sample Financial reports.
Assessing and Strengthening PFM Oversight and Control: action plans for improving PFM in participants’ respective contexts.
NB: The content and depth of the training can vary based on the specific needs of the participants.
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
Onsite training
Online Training
a. Mombasa
a. Zoom
b. Nairobi
b. Webex
c. Naivasha
c. Google meets
d. Machakos
d. Google teams
e. Thika
f. Nakuru
g. At work place
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This training is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. It is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this training, participants will be issued with a J.W Arichum & Associates certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
