Professional Training
Public Financial Management (PFM)
Our global PFM training equips finance professionals with the specialized skills to excel in public sector financial management. We guide organizations through adopting best PFM practices, enhancing public service delivery. Our comprehensive curriculum covers budgeting, accounting, financial reporting, debt management, procurement, and internal controls.
Improved resource allocation
Stronger fiscal discipline
Enhanced public services
Aligned development priorities
Course Duration: 32-36 Hours
Register NowWho Should Attend
Our PFM course is designed for a wide range of professionals and institutions
Professionals
- Finance department personnel in the public sector
- Department heads and senior managers
- Audit and advisory board members
- PFM reform teams
- Consultants for PFM reforms
- Senior budget holders and Policymakers
- Faculty members and trainers
- Accounting and finance staff
Target Institutions
- Ministry of Finance
- National Audit Office
- Professional Accountancy Organizations
- Professional Audit Organizations
- Universities
- Academic Institutions
What You Will Gain
Our PFM training programs serve as a catalyst for positive change in the public sector
Improved fiscal management skills
Enhanced public service delivery
Promotion of good governance
Implementation of international standards
Regulatory compliance expertise
Budget cycle management
Fiscal policy development
Cash management techniques
Course Content
Our comprehensive curriculum covers all aspects of Public Financial Management
Introduction to Public Financial Management
- PFM in the World
- PFM's Definition
- Role of the Budget in PFM
- The Budget Cycle
- Key Elements of PFM
PFM and Fiscal Policy
- Functions of Government
- Fiscal Policy
- Fiscal Responsibility & Reporting
- Design of Fiscal Policy
- Fiscal Risk Management Cycle
The Annual Budget
- A Political Exercise
- Technical Aspects of Budgeting
- Principles of Budget Preparation
- Budget Creditability
- Bottom-up vs Top-down Budgeting
- Budget Preparation Process
- Supplementary Budget
- Appropriations of the Budget
MTFF & MTBF
- Medium Term Fiscal Framework
- Medium Term Budget Framework
- Relation to Other Institutions
Revenue Analysis
- Tax Revenues vs Non-Tax Revenues
- Taxes to GDP
- Criteria of a Good Tax
- Tax Policy process
Budget Execution
- Integration to PFM
- Budget Execution Cycle
- Budget Execution Controls
- Financial Management Information System (FMIS)
Cash Management
- Definition & Need for Cash Management
- Modern Cash Management
- Cash Rationing
- Advanced features of Cash management
Public Investment Management
- Infrastructure Governance
- Public Investment Efficiency
- PIMA framework
Fiscal & Financial Reporting
- Fiscal Reporting
- Budget Reporting
- Financial Reporting
- Statistical Reporting
- Cash Accounting to Accrual Accounting
Institutional Oversight of the Budget
- Oversight of the Executive
- Supreme Audit Institution
- Fiscal Councils
- Legislature
- Citizens/Voters
PFM & Fiscal Transparency
- Importance of Transparency
- Lack of Transparency
- Transparency Standards
- Recommendations to Transparency
PFM Reforms Planning
- PFM Reform Strategy
- Performance Approach
- Implementation of FMIS
- Keys to Success
PEFA Secretariate
- Partnership Program
- Tool to measures PFM
- Goals of PEFA
- Contact them
Benefits of PFM
Implementation of effective PFM practices provides numerous advantages for public sector organizations
Recommended Certifications
Further your PFM expertise with these specialized certifications
- CPFA
- Diploma in IPSAS
- Certificate in PFM
- Certified Public Accountant (CPA)
Ready to Enhance Your Public Financial Management Skills?
Join our comprehensive 32-36 hour training program and become a PFM implementation expert