Training on  Managing Public Money

Public funds are the means by which governments generate revenue, typically through taxes and fines and fees. The fund is allocated to support the public by providing goods and services, finance fire departments, police forces, and emergency medical technicians, as well as provide funding for military and rescue organizations during disasters. This money is also put towards defending the country as a whole. Hence, every nation concentrates on the management of public funds with public interest as the primary concern.

This  Managing Public Money training course is designed to educate individuals on the methods and understanding of how governments handle public funds, the way they allocate money, or expenditure, and its effects on economic development and citizen welfare.

This training course will highlight:

• The principles and rules contained in Managing Public Money
• The key requirement to operate under delegated authority
• The responsibilities of the government of Public Accounts.
• Value for money and feasibility.
• The governance statements.
• The roles of the National Audit Office
• Compliance with the requirements of Managing Public Money

Objectives

At the end of this Managing Public Money training course, you will learn to:

• Understand the principles and basics in managing public money
• Recognize the key requirements of public funds and how required to manage such resources.
• Explain the main reasons of market failure
• Identify the problem of public goods and its solutions
• Improve outcomes of the public sector in the face of externalities
• Preparing yourself and staff to lead change anywhere in the world

Who Can Attend?

This  training course is open to all and will be useful to all the following:

• Mangers of Public sectors
• Non-executive Board Members
• Senior Managers
• Auditors/Auditing Managers
• Accounting Executive/Managers
• Financial Reporting Managers
• Financial Executives / Managers / Controllers/Directors
• Budgeting Officers/Executives/Managers
• Anyone with an interest in public finances, budget transparency and government accountability, including Government Officials, Staff from Development Agencies and Civil Society Organizations.

Course Outline

Module 1: Overview of Managing Public Money

• What is public money? And its components.
• The importance of public money
• The major issues in managing public money
• Managing the risk of public funds
• The principles for managing public resources

Module 2: Utilization of Public Funds

• What are the Utilizations of Public Funds?
• Requirements for use of public funds
• The major restrictions on the use of public funding
• Misuse of Public Fund
• Problems concerning the use of public funds

Module 3: Government Accounts

• The categorization of government’s accounts
• Public Account
• Responsibilities of accounting officers
• Accounting officer assessments
• Dealing with other organizations

Module 4: Governance and Management

• Conceptual Framework
• Records Management and Effective Financial Management
• Governance and responsibilities of board
• Internal Monitoring and Controls
• Value for Money Audit

Module 5: Best Practices in Using Public Fund

• Sources of funding
• Cash management & Other financing techniques
• Public dividend capital
• Best practice for boards in central government departments
• Techniques to ensure efficient use of public funds