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Future of Public Financial Management
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Session 1 - Strategic Planning
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Public Finance Leadership
Develop leadership skills for managing public financial institutions.
Implement strategic initiatives for financial stability.
Lead financial reforms to improve governance.
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Supreme Audit Institution Reform
· Enhance the effectiveness of supreme audit institutions.
· Ensure compliance with international auditing standards.
· Promote accountability and transparency through audit reforms.
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Stakeholder Engagement
· Foster effective communication with financial stakeholders.
· Develop strategies for stakeholder collaboration.
· Engage stakeholders in financial decision-making processes.
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Governance for Climate Change
· Integrate climate change considerations into financial planning.
· Develop funding strategies for climate initiatives.
· Monitor and report on climate-related financial impacts.
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Sustainability Practices
· Implement sustainable financial practices.
· Develop policies that promote environmental and social sustainability.
· Ensure financial decisions consider long-term sustainability impacts.
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Sustainability Assurance
· Conduct sustainability assessments in financial practices.
· Develop reporting frameworks for sustainability assurance.
· Ensure transparency in sustainability-related financial reporting.
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Session 2 - Reforming Practices
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Revenue Management
· Improve the efficiency of revenue collection processes.
· Develop strategies to expand the revenue base.
· Implement systems to ensure accurate and timely revenue reporting.
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Risk Management
· Identify financial risks in public management.
· Develop comprehensive risk management plans.
· Implement controls to mitigate identified financial risks.
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Project Management
· Apply project management principles to public financial projects.
· Develop detailed project plans for financial initiatives.
· Monitor and control project budgets and timelines.
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Asset Management
· Implement effective public asset management practices.
· Develop strategies for asset maintenance and optimization.
· Ensure accurate asset valuation and reporting.
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Debt Management
· Develop comprehensive debt management strategies.
· Monitor and control public debt levels.
· Ensure compliance with debt management policies and regulations.
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Cash Management
· Improve cash flow forecasting and management.
· Develop policies for effective cash utilization.
· Ensure timely reconciliation of cash transactions.
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Session 3 - Accountability Systems
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Business Planning
· Develop accurate and realistic budget plans.
· Align budget plans with strategic financial goals.
· Monitor budget implementation and adjust plans as necessary.
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Business Implementation
· Ensure effective execution of budget plans.
· Monitor budget expenditure against allocations.
· Implement corrective measures for budget deviations.
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Budget Evaluation
· Evaluate budget performance regularly.
· Use evaluation findings to improve future budget plans.
· Develop comprehensive budget reports.
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Internal Controls and Internal Audit
· Develop robust internal control systems.
· Implement effective internal audit processes.
· Ensure compliance with internal audit recommendations.
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Accounting Systems and Procedures
· Implement standardized accounting systems and procedures.
· Ensure accurate financial recording and reporting.
· Develop policies for financial record maintenance and retrieval.
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Financial Management Information Systems
· Implement and manage financial management information systems (FMIS).
· Ensure data integrity and security in FMIS.
· Use FMIS for accurate financial reporting and decision-making.
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Session 4 - Transparency
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Public Procurement and Disposal
· Ensure transparency in public procurement processes.
· Develop policies for ethical disposal of public assets.
· Monitor and report on procurement activities.
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Anti-Corruption Practices
· Develop strategies to prevent and combat corruption.
· Implement policies for ethical financial management.
· Ensure compliance with anti-corruption laws and regulations.
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Ethics and Professionalism
· Promote ethical behavior in public financial management.
· Develop policies for maintaining professionalism in financial practices.
· Monitor compliance with ethical standards.
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Legal and Institutional Framework
· Understand the legal frameworks governing public financial management.
· Implement policies that comply with legal requirements.
· Develop strategies for institutional reform and compliance.
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Performance and Annual Reporting
· Develop comprehensive performance reports.
· Ensure accuracy and transparency in annual financial reports.
· Use performance data to improve financial management practices.
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External Auditing
· Ensure compliance with external audit requirements.
· Develop policies for responding to audit findings.
· Implement recommendations from external audit reports to improve financial practices.
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