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PUBLIC FINANCIAL MANAGEMENT FOR NON-FINANCIAL MANAGERS

Course Facts

Full course name:

 

Public Financial Management for Non-Financial Managers Course

Short name:

 

Fin for Non-Fin Course

Duration of course:

 

4 days

Educational Credits:

 

25

Certificate issued:

 

Yes

Cost:

 

R 5,450.00 plus 14% VAT (R763.00) = R 6,213.00

Presenters:

 

Our presenters are a blend of professional managers, accountants and educators with wide experience in the presentation of courses in the public sector. The high esteem of SAIGA courses has been developed over a number of years by involving only experts in the development and presentation of the CPE opportunities.

Dates:

 

14 to 17 August 2012

Venue:

 

PRETORIA
(participants will be advised regarding the specific venue, which depends on availability and number of participants interested in the course)

Times:

 

The daily programme of the course starts at 08:30 and ends at 16:00 On the last day of the course the programme ends at 15:00 to accommodate travel arrangements of participants

Quality assurance

 

SAIGA and the Public Finance Management Academy has entered into co-operation agreements with educational experts to function as quality assuror of this course and the course design, structure and material are subject to quality control and assessment by educational and professional experts.

Applicability:

 

Suitable for staff from national & provincial departments, public entities and organisations supporting these entities.

Approach:

 

The course is developed and structured on the outcomes based education (OBE) model.

Accreditation:

 

This Course was accredited by the National Treasury's Validation Board until it ceased to operate in 2006.

Extract from the Public Finance Management Act (Section 45)

All officials in a department:

  • must ensure that the system of financial management and internal control is carried out

  • are responsible for the effective, efficient, economical and transparent use of the resources of the department

  • must comply with the provisions of the PFMA

  • are responsible for the management of assets and liabilities of the department.

Download the full course brochure (pdf format)

Background:

Many public sector managers believe that The Public Finance Management Act (PFMA) is only applicable to financial staff. This is a serious misconception and can have grave consequences.

The PFMA provides major challenges to all officials in public sector departments, since it directly involves them in the financial management process. Specific responsibilities are applicable to non-financial staff as seen from the above excerpt of the PFMA.

This course:

This course is specifically designed to provide non-financial managers with the necessary background, knowledge and skills to meet the challenges that have been introduced by the PFMA with regard to financial management. It strikes a balance between technical know-how and understanding the philosophy of the PFMA.

The course is designed to provide participants with suitable skills and knowledge transfers in respect of the financial management as required by the PFMA and Treasury Regulations. It links concepts such as service delivery, performance management, financial planning and the three EEEs with financial concepts, including annual financial statements.

Contents:

As for all courses which form part of the Public Finance Management Programme, the content is designed around and based on the requirements of the Public Finance Management Act. This way SAIGA assists with the implementation of the Public Finance Management Act. Topics dealt with in this four-day course include:

Planning

  • Setting the management process

  • The Strategic Plan

    • Treasury Regulations & PFMA

    • strategic objectives

    • values

    • mission / vision

    • measurable objectives

    • performance management

    • performance indicators (short term / long term)

    • service delivery standards

  • Budgeting

    • MTEF

    • Estimates of Expenditure

    • The budget process

    • Activity based / Zero based budgeting

    • Incremental budgeting

    • Economic classification

Processes, policies, procedures

Decision making & execution

  • Types of decisions

  • Alternatives / strategies (measuring them)

  • Procurement and tendering / supply chain management

  • Materiality

  • Risk assessment

  • Decision making techniques

Public accountability and control

  • Financial accounting (the macro picture)

  • Role-players

  • Auditor-General

  • SCOPA

  • internal audit

  • audit committees

  • National Treasury / provincial treasuries

  • Executive Authorities, Accounting Officers, Accounting Authorities

  • Reporting

  • Monthly, quarterly, yearly

  • Performance / financial

  • GAAP versus GRAP / the ASB

  • Financial statement analysis.

Concepts and principles will be illustrated by examples with solutions, applied to the attendees' environment as far as possible and include an integrated case study on analysis & interpretation of public sector financial statements. The depth of discussion of the topics will vary in accordance with the level of knowledge required of the particular topic by a non-financial manager. Attendees will be afforded the opportunity to practice and test their understanding of the concepts and principles during the workshop by means of tailor made case studies.

Participants receive complimentary notes and material to facilitate continued learning even after the course itself has ended.

Who should attend:

Non-financial managers at all levels, including Human Resources, Operations, Procurement, Project Management, IT, Strategic Planning and Budgeting , Legal Services, Risk Management, etc.

This course is specifically designed from a public sector perspective and suited for all non-financial staff in public sector departments, trading entities and Constitutional Institutions. The short course: Public Financial Management for Non-Financial Managers an absolute must to attend for those who have to increase their financial management skills and understanding as required by the PFMA/MFMA.

Booking and cancellation policies 

Bookings

Since only a limited number of participants can be accommodated, bookings will be handled on a first-come-first-served basis. To avoid disappointment submit your registration as soon as possible.

Changes / cancellations:

Tax invoices will be issued (faxed and posted) on receipt of your booking. Once a tax invoice has been issued the department/delegate will be held liable for payment of the full course fee.  No refunds can be made, but alternative delegates (substitutes) may attend the same course at no extra cost. All booking changes or cancellations are charged at R1,368.00 (R1,200 plus 14% VAT) per delegate booking. No cancellations or changes in booking will be accepted if not received in writing at least 5 working days before the course. Invoices must be paid before the course starts. No certificates will be issued if payment is outstanding. Outstanding payments incur 2% interest per month. Due to the minimal information which banks provide in respect of direct deposits, participant have to fax their deposit slips / electronic transfer slips to the Secretariat and state the invoice number/(s) to which the deposit refers. As required by recent legislation, VAT numbers have to be provided with registration. The Institute reserves the right to cancel a particular course due to unforeseen circumstances e.g. insufficient bookings or unavailability of venues (in the last few years, only a few courses had to be cancelled). In such event, participants will be informed at least two weeks before the scheduled course date of such cancellations. Participants who have paid their fees will receive full refunds in the event of SAIGA cancelling a course (SAIGA’s liability in such event is limited to this refund).

To register for this course, or any other course, kindly complete our online registration form:

CLICK HERE TO ACCESS THE COURSE APPLICATION FORMS
 

  
 
 

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