ACCA Certificate in Public Financial Management (CertPFM)

ACCA Certificate in Public Financial Management (CertPFM)

Why Attend

This course provides a comprehensive exploration of Public Financial Management (PFM) which is crucial for enhancing efficiency, accountability, and transparency in the use of public resources. It is tailored to equip participants with both theoretical and practical tools needed to manage and govern financial activities in the public sector.

Associations
Associations
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Overview
Course Methodology

This course employs diverse interactive training techniques, including plenary discussions, case studies, team exercises, assessments, and questionnaires.

Course Objectives

By the end of the course, participants will be able to:

  • Explain the fundamentals of public finance and the rationale for the existence of the public sector.
  • Navigate through the complexities of planning, budgeting, and executing budgets in public sector entities.
  • Apply appropriate accounting procedures and standards in the preparation of public sector financial statements.
  • Conduct and understand various types of audits to ensure compliance and enhance transparency in public financial management.
  • Uphold and promote ethical standards and governance in the management of public resources.
Target Audience

Financial managers, accountants, auditors, policy makers, and those involved in the management and oversight of public funds.

Target Competencies
  • Public sector dynamics
  • Budget preparation and execution
  • Public sector accounting and reporting
  • Audit and oversight capabilities
  • Ethical governance in public finance
Course Outline
  • Module 1: Introduction to Public Finance Management
    • Overview of public finance and the necessity of the public sector
    • Understanding market failures and the provision of public and merit goods
    • Key distinctions between public and private sectors
    • Defining public financial management and public money
  • Module 2: Planning and Budgeting
    • Government and the economy
    • Policy-making
    • Funding public services
    • Budgeting
    • Revenue management
    • Budget execution strategy
  • Module 3: Budget Execution
    • Budget execution cycle
    • Project Management
    • Cash planning
    • Debt management
    • Procurement
  • Module 4: Accounting and Reporting
    • Accounting context
    • Accounting procedures
    • Accounting standards
    • Preparing Financial Statements
  • Module 5: Audit, Governance and Oversight
    • Audit Context
    • Audit Standards
    • Audit Procedures
    • Other Types of Audit
    • Governance model
    • Ethical conduct
Associations
Associations
National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting 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

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