The course Public Financial Management is an online class provided by The International Monetary Fund through edX. Login. Understand and be able to use the products of key financial management tools including budgeting, financial accounting, management accounting, and pr… Public Finance Management Training Course Course :Course Outline. Describe a simple medium-term budget framework, a cash management plan, and a public investment management reform strategy. A course is a unit of teaching that typically addresses a specific subject with some level of intensity. It focuses on PFM issues in support of macroeconomic stability, inclusive growth, and achievement of the Sustainable Development Goals (SDGs). Public financial management (PFM) systems are essential for the achievement of government policy and development objectives. Explain why PFM is an important tool to implement public policies. Identify issues relevant to the prioritization and sequencing of PFM reforms, and the challenges faced in implementing such reforms. This course (Public Finance Management Training Course or Public Finance Management Course) involves. The course is particularly relevant for mid-level to senior officials in ministries of finance, treasuries, debt management offices, ministries of economy, or financial planning divisions in line ministries. However, no course will count more than once in the major. The programme explores the complex challenges of financial management decision-making processes and deals with issues such as: budgeting; cash-flow projections; cost benefit analysis; financial statements with respect to balance sheets; income and expenditure statements; assets register; ratio analysis; business investment; financing decisions; current asset management; dividend and dividend … The main components of public finance include activities related to collecting revenueSales RevenueSales revenue is the income received by a company from its sales of goods or the provision of services. The Emerging Management Development Programme (EMDP) seeks to develop emerging managers within the public sector and improve their management capabilities by systematically building up knowledge in key business areas, especially with regard to the principles of risk, setting direction, people management, leadership, and customer services. All government officials and staff from development agencies. Public Financial Management Major (11 courses, 33 credits) Courses may be listed in more than one area below. Drawing on the expertise of the Centre for Financial and Management Studies at SOAS, University of London, we’ll look at: After following the module, completing appropriate reading, and undertaking assignments, participants should be able to: 1. Public Finance requires managers to have an understanding of the key concepts of managerial finance, as well as being able to interpret financial statements and understanding forecasts, budgets and supervisory management. by Not Enrolled. The course examines contemporary issues in public budgeting and financial management, and how they interface with public management drawing on comparative experience in OECD countries and elsewhere. If you don’t see the Public Financial Management training topic, you are looking for, or if you would like an online classroom in another timezone, please tell us. The training is designed for participants who already have a basic understanding of PFM systems and builds on that knowledge at an intermediate level. By the end of the four-week course, you will be able to: Understand the basics of public financial management. Interpreting financial statements. Revenue does not necessarily mean cash received., making expenditures to support society, and implementing a financing strategy (such as issuing government debt). Additionally, no course used to fulfill the “BSPA Required Courses” above may be used to also fulfill the “Public Financial Management … You can learn more about our virtual, online courses and how they work on our Virtual course FAQ page . Drafting financial forecasts. How the use of public financial resources is audited. The Home of Public Financial Management Training. The importance of prioritization and sequencing PFM reforms, and the roles of political institutions and country context. Identify tools for the effective management of fiscal risks, components of fiscal transparency, reliable fiscal reports, and internal and external audits. Why PFM is an important tool to implement public policies. PFMx requires 40-50 hours of work. Pursue a Verified Certificate to highlight the knowledge and skills you gain. The International Monetary Fund (IMF) is an international organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, and promote high employment and sustainable economic growth. (Virtual classroom, 07:30 hours) Virtual classroom: Finance: GC and Public Sector Skills: Financial officers (MDS), Virtual - Financial Development and Financial Inclusion by January 22, 2021, English, March 8-19, 2021, Singapore, Singapore, English, March 15-25, 2021, Kuwait City, Kuwait, Apply online This Financial Management short course will provide students with the fundamental financial knowledge and skills required to participate in business activities such as financial planning, financial control and to make savvy financial and investment decisions. Upon completion of this course, participants should be able to: English (French), February 22, 2021 - March 5, 2021, Ebene, Mauritius, Apply online by Demonstrate understanding of the key roles and relationships in financial management 2. This free online course will provide you with the knowledge and tools to understand and evaluate the management of financial resources across the public sector, wherever you are. As such, it focuses on PFM priorities, reform objectives and implementation risks. (MRC), Virtual : Macroeconomic Diagnostics The benefits of fiscal transparency, fiscal reporting, and management of fiscal risks. A large number of actors engage in this “PFM cycle” to ensure it operates effectively and transparently, whilst preserving accountability. It means applying general management principles to financial resources of the enterprise. All rights reserved. PFM Training is the only company specialising in PFM training for countries across the world. The course is built on conceptual and practical approaches, and includes testimonials from ministers of finance, practitioners, and other stakeholders from many countries. Explain how civil society, public participation, and supreme audit institutions keep governments accountable. (MFS-I). 1. Course Overview The effective management of finances is a fundamental function for any organisation but particularly so in the public sector. © 2021 International Monetary Fund. A course that concentrates on financial management benefits people who are interested in learning about how to make informed decisions about financial planning, investing and other fiscal management … If you are not a government official or staff from a development agency, please register at edX.org. How to describe and analyze the budget cycle, and its main components. It can be taken entirely at your own pace over a period of one year. Locate public sector financial management within its public spending framework and the broad mechanism for channelling resources 3. I would like to receive email from IMFx and learn about other offerings related to Public Financial Management. Our Public Finance Management Course is accredited by the Services Seta and material covers unit standard 242810 at NQF L4 worth 6 credits and unit standard 252040 at NQF L5 worth 8 credits This classroom course is the final step in required training for financial officers in the Government of Canada. ICGFM Foundation Course in Public Financial Management. This online course, presented by the Fiscal Affairs Department, provides an overview of PFM systems, institutions, and capacity building in developing and emerging market economies. The new Certificate in Public Financial Management will equip finance professionals working in your organisation with stronger and more relevant budgeting, financial reporting and financial management … Public Finance Management Training Course Course: Introduction. How governments are made accountable for their financial decisions. PFMx requires 40-50 hours of work. The company brings a wealth of experience and expertise through its founders and Directors. The course is built on conceptual and practical approaches, and includes testimonials from ministers of finance, practitioners, and other stakeholders from many countries. Importance of prioritization and sequencing PFM reforms, and internal and external audits also targeted at officials involved capacity. The online courses and how they work on our virtual course FAQ.. Designing and implementing reforms macroeconomic stability, inclusive growth, and internal and external audits the faced... External audits at officials involved in capacity strengthening functions related to public financial management 2 for. Investments, and the key issues and solutions across the PFM landscape the broad mechanism for channelling resources 3 brings... Reform objectives and implementation risks a large number of actors engage in this “ PFM cycle ” to ensure operates! 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