Public Sector Financial Management and Control

Module 1: Introduction to Public Sector Financial Management

Overview of public sector finance and its importance

Key principles of financial management and control

Roles of financial management professionals in public institutions

Module 2: Legal and Regulatory Frameworks

Public finance laws, regulations, and compliance requirements

Standards and guidelines for accountability in public finance

International frameworks such as IPSAS

Module 3: Budgeting and Resource Allocation

Budget preparation and planning processes

Types of budgets: line-item, program-based, and performance-based

Linking budgets to strategic and policy objectives

Module 4: Public Expenditure Management

Monitoring and controlling public expenditure

Cash flow management and treasury operations

Ensuring fiscal discipline and efficiency in resource utilization

Module 5: Internal Control Systems

Designing and implementing effective internal controls

Risk identification, assessment, and mitigation

Preventing fraud and financial mismanagement

Module 6: Financial Reporting and Transparency

Preparing accurate and timely financial reports

Analyzing financial statements for oversight and decision-making

Mechanisms to enhance transparency and public disclosure

Module 7: Performance Monitoring and Evaluation

Tracking financial performance against planned objectives

Conducting audits and evaluations to assess efficiency and effectiveness

Using performance data to improve accountability and resource use

Module 8: Governance, Ethics, and Accountability

Principles of good governance in public finance

Promoting ethical practices and integrity

Strengthening oversight mechanisms and accountability frameworks

Module 9: Audit and Oversight in Public Sector Finance

Role of internal and external audit institutions

Audit planning, execution, and reporting

Using audit findings to improve financial management and controls

Module 10: Case Studies and Practical Applications

Review of real-world public sector financial management scenarios

Lessons learned from successful reforms and best practices

Practical exercises in budgeting, monitoring, reporting, and internal controls