SAIGA's Skills Transfer & Educational Programmes STEPSTM THE PUBLIC FINACIAL MANAGEMENT FOR NON-FINANCIAL MANAGERS COURSE Course Facts Background 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. 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 o Treasury Regulations & PFMA o strategic objectives o values o mission / vision o measurable objectives o performance management o performance indicators (short term / long term) o service delivery standards Budgeting o MTEF o Estimates of Expenditure o The budget process o Activity based / Zero based budgeting o Incremental budgeting o 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 Aaudit 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 R1,539 (R1,350 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 one of your REGISTRATION FORMS
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