Module 1: Introduction to Public Financial Management

• Overview of Public Financial Management (PFM)
• Principles of Good Governance and Accountability
• The Budget Cycle in the Public Sector
• Legal and Regulatory Framework for PFM
• Practical session: Analyzing a country's PFM legal framework

Module 2: Public Sector Budgeting

• Budget Preparation and Formulation
• Budget Classification and Structures
• Performance-Based Budgeting
• Medium-Term Expenditure Frameworks (MTEF)
• Practical session: Developing a program budget for a government agency

Module 3: Revenue Management

• Sources of Public Revenue
• Tax Administration and Collection
• Non-Tax Revenue Management
• Intergovernmental Fiscal Relations
• Practical session: Designing a tax collection improvement plan

Module 4: Public Expenditure Management

• Expenditure Controls and Procedures
• Procurement and Contract Management
• Payroll Management
• Managing Public Debt
• Practical session: Evaluating a public procurement process

Module 5: Financial Reporting and Accounting

• Public Sector Accounting Standards (e.g., IPSAS)
• Preparing Financial Statements
• Consolidated Financial Reporting
• Disclosure and Transparency
• Practical session: Preparing a set of government financial statements

Module 6: Internal Controls and Audit

• Internal Control Frameworks (e.g., COSO)
• Internal Audit Functions
• External Audit by Supreme Audit Institutions (SAIs)
• Audit Follow-up and Implementation
• Practical session: Developing an internal audit plan

Module 7: Fiscal Decentralization

• Principles of Fiscal Decentralization
• Intergovernmental Transfers
• Local Government Financial Management
• Monitoring and Evaluation of Decentralized Systems
• Practical session: Analyzing a fiscal decentralization framework

Module 8: Public Investment Management

• Planning and Appraisal of Public Investments
• Project Selection and Prioritization
• Implementation and Monitoring of Public Projects
• Post-Project Evaluation
• Practical session: Conducting a cost-benefit analysis for a public project

Module 9: Managing Fiscal Risks

• Identifying and Assessing Fiscal Risks
• Contingent Liabilities and Guarantees
• Macroeconomic Forecasting and Fiscal Sustainability
• Developing a Fiscal Risk Management Framework
• Practical session: Developing a fiscal risk management plan

Module 10: PFM Reforms and Innovations

• Implementing PFM Reforms
• Change Management in the Public Sector
• E-Government and Digitalization of PFM
• Citizen Participation and Social Accountability
• Practical session: Designing a PFM reform strategy

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588