Course Description
This comprehensive 10-day training course is meticulously designed to equip public sector finance officers with the essential knowledge and practical skills required for effective governmental accounting and sound fund management. Through a blend of theoretical understanding and hands-on application, participants will gain mastery over key principles, regulations, and best practices that govern public financial administration.
The course will delve into critical areas such as the fundamental principles of governmental accounting, the intricacies of public sector budgeting, revenue management strategies, expenditure control mechanisms, public procurement processes, asset and liability management, financial reporting standards, internal controls and audit functions within the public sector, effective cash and investment management, understanding and navigating fiscal decentralization, the role of technology in public finance, ethical considerations in public financial management, risk management frameworks, performance budgeting and management, and contemporary issues and reforms in governmental accounting.
Upon the successful completion of this Training Course on Governmental Accounting and Fund Management for Public Sector Finance Officers, participants will be able to:
ü Understand the core principles and legal frameworks governing governmental accounting.
ü Develop and manage public sector budgets effectively.
ü Implement robust revenue collection and management systems.
ü Apply sound expenditure control and management techniques.
ü Navigate public procurement regulations and ensure compliance.
ü Manage public sector assets and liabilities efficiently.
ü Prepare and interpret accurate financial reports in accordance with relevant standards.
ü Establish and maintain effective internal control systems.
ü Implement best practices in cash and investment management.
ü Understand the financial implications of fiscal decentralization.
ü Leverage technology for enhanced financial management.
ü Adhere to the highest ethical standards in public financial administration.
ü Identify, assess, and mitigate financial risks within the public sector.
ü Implement performance budgeting and management frameworks.
ü Stay abreast of current trends and reforms in governmental accounting.
Training Methodology
The course is designed to be highly interactive, challenging and stimulating. It will be an instructor led training and will be delivered using a blended learning approach comprising of presentations, discussions, guided sessions of practical exercise, case study review, web-based tutorials, group work, exploration of relevant issues collaborative strength training, performance measurement, and workshops of participants’ displays, all of which adhere to the highest standards of training. The training technique is built on learning by doing, with lecturers using a learner-centered approach to engage participants and provide tasks that allow them to apply what they’ve learned. Experiential knowledge is also given equal importance within the format of training. Our facilitators are seasoned industry professionals with years of expertise in their chosen fields. All facilitation and course materials will be offered in English.
Who Should Attend?
This Training Course on Governmental Accounting and Fund Management for Public Sector Finance Officers would be suitable for, but not limited to:
ü Finance Officers
ü Accountants
ü Budget Analysts
ü Internal Auditors
ü Procurement Officers
ü Heads of Departments
ü Policy Makers involved in financial management
ü Anyone involved in the financial management of public sector entities
Personal Benefits
ü Enhanced understanding of governmental accounting principles and practices.
ü Improved skills in budgeting, financial reporting, and fund management.
ü Increased confidence in handling public sector financial responsibilities.
ü Greater ability to contribute to effective financial governance and accountability.
ü Career advancement opportunities within the public sector finance domain.
ü Networking opportunities with other public sector finance professionals.
Organizational Benefits
ü Improved financial accountability and transparency.
ü Enhanced efficiency and effectiveness in public resource management.
ü Stronger internal controls and reduced financial risks.
ü Better compliance with relevant laws and regulations.
ü More informed financial decision-making.
ü Enhanced organizational reputation and stakeholder trust.
ü Development of competent and skilled finance personnel.
Course Duration: 10 Days
Training Fee: USD 5,000
Course Outline
Module 1: Fundamentals of Governmental Accounting
ü Overview of governmental accounting and its unique characteristics
ü Key accounting principles and concepts in the public sector
ü Legal and regulatory frameworks governing public financial management
ü Understanding fund accounting in government
ü Practical Session: Identifying and classifying different types of government funds
Module 2: Public Sector Budgeting: Principles and Processes
ü The budget cycle and its stages
ü Different types of budgets (e.g., line-item, program, performance)
ü Techniques for budget preparation and formulation
ü Budget execution and monitoring
ü Practical Session: Developing a simple budget proposal for a public entity
Module 3: Revenue Management in the Public Sector
ü Sources of public sector revenue (taxes, fees, grants, etc.)
ü Revenue collection and administration systems
ü Strategies for revenue enhancement and forecasting
ü Management of intergovernmental transfers
ü Practical Session: Analyzing a government's revenue collection performance
Module 4: Expenditure Control and Management
ü Principles of expenditure control and accountability
ü Expenditure classification and coding
ü Payment processes and internal controls over disbursements
ü Management of payroll and employee benefits
ü Practical Session: Reviewing and improving expenditure authorization procedures
Module 5: Public Procurement and Contract Management
ü Legal framework for public procurement
ü Procurement planning and methods
ü Tender evaluation and contract award processes
ü Contract administration and monitoring
ü Practical Session: Evaluating bids for a public sector procurement
Module 6: Management of Public Sector Assets and Liabilities
ü Accounting for fixed assets and inventory
ü Management of intangible assets
ü Recognition and measurement of liabilities
ü Debt management strategies
ü Practical Session: Developing an asset register for a public entity
Module 7: Public Sector Financial Reporting and Analysis
ü Financial reporting standards for the public sector (e.g., IPSAS)
ü Preparation of key financial statements (e.g., statement of financial position, statement of financial performance)
ü Techniques for financial statement analysis
ü Understanding audit reports and recommendations
ü Practical Session: Analyzing a set of public sector financial statements
Module 8: Internal Controls and Audit in the Public Sector
ü Principles and components of internal control systems
ü Risk assessment and control activities
ü The role of internal audit in public sector governance
ü External audit processes and reporting
ü Practical Session: Identifying potential internal control weaknesses in a public entity
Module 9: Public Sector Cash and Investment Management
ü Principles of cash management and forecasting
ü Investment policies and strategies for public funds
ü Management of bank accounts and treasury operations
ü Risk management in cash and investment activities
ü Practical Session: Developing a short-term cash flow forecast
Module 10: Fiscal Decentralization and Intergovernmental Fiscal Relations
ü Concepts and models of fiscal decentralization
ü Assignment of expenditure and revenue responsibilities
ü Intergovernmental transfer mechanisms
ü Financial management challenges in decentralized systems
ü Practical Session: Analyzing the fiscal transfer framework between levels of government
Module 11: Information Technology in Public Financial Management
ü Role of IT systems in budgeting and accounting
ü Electronic payment and revenue collection platforms
ü Data analytics and reporting tools
ü Cybersecurity considerations in public finance
ü Practical Session: Exploring a public sector financial management information system
Module 12: Ethics and Integrity in Public Financial Management
ü Ethical principles for public officials
ü Prevention and detection of fraud and corruption
ü Codes of conduct and ethical guidelines
ü Whistleblowing mechanisms
ü Practical Session: Analyzing ethical dilemmas in public financial management
Module 13: Public Sector Risk Management
ü Frameworks for risk identification and assessment
ü Development of risk mitigation strategies
ü Embedding risk management in financial processes
ü Business continuity planning
ü Practical Session: Conducting a risk assessment for a public sector function
Module 14: Performance Budgeting and Management
ü Linking budgets to performance objectives
ü Development of performance indicators
ü Performance monitoring and reporting
ü Using performance information for decision-making
ü Practical Session: Developing performance indicators for a public program
Module 15: Accounting for Grants and Donations
ü Accounting for different types of grants and donations
ü Reporting requirements for grant-funded projects
ü Compliance with donor regulations
ü Management of conditional grants
ü Practical Session: Tracking and reporting on grant expenditures
Module 16: Public Debt Management
ü Sources and types of public debt
ü Legal and institutional framework for debt management
ü Debt sustainability analysis
ü Strategies for debt restructuring and reduction
ü Practical Session: Analyzing a public sector debt portfolio
Module 17: Contemporary Issues and Reforms in Governmental Accounting
ü Current trends in public financial management
ü Implementation of accrual accounting
ü Public-Private Partnerships (PPPs) and their accounting implications
ü Sustainable finance and green budgeting
ü Practical Session: Discussing the implications of a recent reform in governmental accounting
Module 18: Practical Application and Case Studies in Public Finance
ü Comprehensive case studies integrating various course modules
ü Group exercises on real-world public finance challenges
ü Development of action plans for improving financial management practices
ü Peer review and feedback sessions
ü Practical Session: Developing a comprehensive financial management improvement plan for a case study organization
About the Trainers
Our trainers are seasoned professionals with extensive practical experience and in-depth knowledge in governmental accounting, public sector finance, and fund management. They possess advanced degrees in relevant fields and have held leadership positions in public sector finance institutions, international organizations, and consulting firms. Their expertise ensures a high-quality learning experience, blending theoretical rigor with practical insights and real-world examples.
Quality Statement
Phoenix Training Center is committed to providing high-quality training that meets the evolving needs of public sector finance professionals. Our courses are developed and delivered by experienced experts, utilizing up-to-date methodologies and relevant case studies. We strive to create a dynamic and engaging learning environment that fosters knowledge acquisition and practical skill development, ultimately contributing to improved financial management and governance in the public sector.
Admission Criteria
ü Participants should be reasonably proficient in English.
ü Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.
Terms and Conditions
1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.
Booking for Training
Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.
Or call us on +254720272325 / +254737566961
Payment Options
We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:
1. Groups of 5 People and Above – Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 5 days to the training.
2. Invoice: We can send a bill directly to you or your company.
3. Deposit directly into Bank Account (Account details provided upon request)
Cancellation Policy
1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
2. Participants may cancel attendance 14 days or more prior to the training commencement date.
3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.
Tailor Made Courses
This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location.
For further inquiries, please contact us on Tel: +254720272325 / +254737566961 or Email training@phoenixtrainingcenter.com
Accommodation and Airport Transfer
Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737566961
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