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
Date | Venue | Register |
---|---|---|
22nd to 26th Jan 2024 | Nairobi | |
19th to 23rd Feb 2024 | Mombasa | |
25th to 29th March 2024 | Nairobi | |
22nd to 26th April 2024 | Istanbul | |
20th to 24th May 2024 | Nairobi | |
24th to 28th June 2024 | Dubai | |
22nd to 26th July 2024 | Nairobi | |
26th to 30th Aug 2024 | Nairobi | |
23rd to 27th Sept 2024 | Nairobi | |
21st to 25th Oct' 2024 | Mombasa | |
25th-29th Nov' 2024 | Nairobi | |
16 to 20th Dec 2024 | Nairobi |