P F M A for Public & Private Sector

Workshop dates:

Johannesburg: For future dates email customerservice@norcazacademy.co.za
Cape Town: For future dates email customerservice@norcazacademy.co.za
Durban: For future dates email customerservice@norcazacademy.co.za

Course fee:

Single: R7,500.00 (R8,550.00 incl. VAT)

In-House Training sessions: quotations available on request – e-mail admin@zacron.co.za with details.

 

 

PURPOSE

This intensive three-day short course aims to create awareness and understanding of the Public Finance Management Act (Act No 1 of 1999) (PFMA) as amended, and it’s implications. The PFMA is a very important piece of legislation that promotes financial management in order to maximise delivery through the effective use of limited resources.

OUTCOMES

After completion of this intensive short course, delegates will be able to:

• understand the basic concepts and principles necessary for sound financial management;
• comply with the requirements of the Public Financial Management Act;
• comply with Treasury Regulations;
• apply the principals of financial management approach to managing for results;
• apply the performance requirements for financial management;
• apply the principles of effective reporting.

COURSE OUTLINE

This short course covers the following topics:

• -Introduction to Financial Management
  • Background to the Act
  • Essentials of Financial Management
  • Compliance Management
  • Dealing with audit queries
  • Cash Management and bank accounts
  • Basic Accounting records and related issues
  • Financial Reporting: on time!

• – Financial framework applicable to public officials
• – Strategic planning and budgeting- Costing
• – Expenditure classification
• – Measurement of performance and budgets
• – Asset management
• – Document Management
• – Risk management
• – Internal control
• – Ethics
• – Internal reporting
• – Payment processes
• – Supply chain management
• – In-year management, monitoring and reporting
• – Financial reporting and accountability
• – Definitions