THE PURPOSE OF THIS COURSE
Learners working towards this course will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one’s job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.
In achieving this, it will give learners an understanding that financial considerations play in:
How the financial planning cycles of Government and other public sector affects policy decision making.
How to understand and interpret financial information:
• Basic accounting concept
• Financial statement
The elements of sound financial management in public sector organisation:
• Resource allocation and costing
• Budgeting in organisation
• Budget reallocation and Cuts
• Management control
Elements of financial accountability both within public sector organisation outward to the public:
• Reporting
• Accountability
• Internal and external oversight
Course Outline
Learning Unit 1
Discuss the selected legislative regulatory framework governing the public sector management and administration environment
¨ Demonstrate an understanding of and interpret the South African constitution in relation to public sector financial management.
¨ Identifying and applying the regulations governing Division of Revenue.
¨ Demonstrating knowledge of and apply the South African legal system within the public sector financial management and administration context.
¨ Applying legislative regulations and legal principles to contracts.
¨ Managing the implementation of the Municipal Finance Management Act in a municipality
Benefit of attending this learning unit 1
¨ Municipal Finance Management Act
¨ Public Finance Management Act
¨ Division of revenue
¨ A comprehensive understanding of legislation , rules and statutory requirements applicable to the public sector
¨ A comprehensive understanding of all legal documents and records
¨ A comprehensive understanding of different types of contract s that apply to public financial management and administration
¨ A good understanding of the SA legal system
Learning unit 2
Apply accounting principles and procedures in the preparation of reports and decision making.
¨ Demonstrate an understanding of accounting principles and reporting requirements and nature of functions in the public sector
¨ Use accounting techniques and approaches to process financial information
¨ Apply end of period accounting procedures in the preparation of financial statements
¨ Apply procedures necessary for control over cash transactions and balances
¨ Utilise procedures for reporting and recording accounts receivables
¨ Utilise procedures for recording and reporting on liabilities in the public sector
Benefit of attending this learning unit 2
¨ Accounting techniques
¨ Legislation, regulatory frameworks, policies and procedures that apply to accounting in public sector finance and administration
¨ Financial statement
¨ GAAP