Public Financial Management

PUBLIC FINANCIAL MANAGEMENT

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Duration	10 Days
Course Style & Assessments	Highly Participative with 70% practical application and 30% theory coverage and Participants’ Practical tasks assessed through Presentations
Benefits	Practical skills and knowledge, stimulating, meals and refreshments, presentations, materials, certificate of attendance and Free two-months support service.

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SPECIAL SERVICES FOR OUR INTERNATIONAL DELEGATES In addition to the above listed benefits, the NIT Corporate Training and Events Management team will provide the following to our international delegates:

• Facilitation for entry Visas where required
• Transport from and to the International Airport on arrival and when going back
• Accommodation reservations
• Transport for shopping where needed
• Transport, accommodation and meals to tour one of our Namibia’s beautiful Destinations (Coastal Towns -Swakopmund and Walvis Bay OR Etosha National Park
• A Notepad/Tablet.

PUBLIC FINANCIAL MANAGEMENT

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Introduction

The course is split into eleven units/modules across 10 days. Each module builds on the previous one with a series of case studies and exercises testing the delegates understanding of the issues. The course culminates with a module which brings all the other modules together by focusing on the need to communicate financial information, and the impact of that information, to other people who do not necessarily have a detailed understanding of finance.

• Module 1 is focused on the basics of Government Finance and how public finance is raised and expenditure is controlled.
• Modules 2, 3 and 4 cover the principles of financial reporting, budget management and Value for Money, including an accountancy based business simulation.
• Module 5 covers risk management and internal controls.
• Modules 6, 7 and 8 look at revenue management, investment appraisal and the financial elements of business cases and expenditure management, while module 9 looks at aspects of contract management.
• Module 10 considers the importance and role of audit in relation to financial and operational management
• Modules 11 concludes by looking at the effective communication of financial information.
• Successful completion of the course will provide delegates with much of the knowledge and many of the skills to help them to move into senior Public Sector roles in the following areas:

• Financial accounting
• Management accounting
• Revenue management
• Cost reduction and assessing value for money
• Internal auditing
• Investment appraisal
• Financial control
• Financial governance
• Procurement
• Contract Management
• Registration fee for this unique event includes:
• 10 days of formal tuition by some of our most senior instructors.
• Full set of course materials.
• An iPad Mini which you can use for research during and after the course.
• Lunch and refreshments on every teaching day.

All the National Institute of Technology (NIT) training programmes have been developed by the industry experts to suit the needs of the industry and are aligned with the fundamental National Developmental Plans Goals of Namibia and those of all other SADC member countries thus effectively contributing towards the national and SADC regional economical, industrial and prosperity developments.

Our course programs and delivery styles are very stimulating with practical based contents. They provide modern hands-on relevant skills and knowledge that empower all participants at all levels of every organization to practically apply the gained skills and knowledge in their respective duties without difficulties hence being productive, respected and valued by every employer and colleagues. Participants are assessed through group and/or individual tasks which involve presentations.

NIT provides 2 months Free Support service to all the participants to support them in implementing or using the skills and knowledge gained from any of our course programs.

PUBLIC FINANCIAL MANAGEMENT

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Module 1 – Introduction

• The basics of Government finance
• The control of public money
• Where the money comes from and how it is allocated and distributed
• Debt finance
• The need for accountability

Module 2 – Financial Reporting and Public Sector Finance Simulation

• Cash accounting
• Accruals v cash accounting
• Link between the Income Statement, Balance Sheet and Cash Flow Statement and finance simulation
• Capital v resource
• Valuation v historic cost
• Financial reporting and financial reporting frameworks
• Migrating to accruals based accounting

Module 3 – Planning and Budget Management

• Strategic planning
• The annual financial cycle of activities
• Service line planning
• Budgeting
• Budget execution and in year management
• Forecasting

Module 4 – Value for Money

• Economy, efficiency and effectiveness
• Delivering services in a way which gives value for money to tax payers
• Prioritisation of services
• Measuring value for money
• Performance management

Module 5 – Risk Management

• Risk identification in the public sector
• Risk management
• What is governance
• The link to internal controls
• Types of internal controls
• Effectiveness of internal controls

Module 6 –Revenue Management

• Sources of revenue
• Generating optimal mix of revenue from different sources
• Revenue budgeting and forecasting
• Pricing goods and services
• Revenue collection and mechanisms for closing revenue leakages
• Bidding for and claiming grants

Module 7 – Investment Appraisal and Business Cases

• Objective and components of a business case
• Financial and economic case
• Techniques for financial appraisal
• NPV calculations
• Affordability and value for money
• Capital budgets
• Property asset management

Module 8 – Expenditure management and Procurement

• The procurement cycle
• Procurement principles and process
• Knowing the market place
• Evaluating tenders to achieve best value for money
• Controls over procure to pay
• Cost containment strategies

Module 9 – Best Practice in Contract Management

• The Link to procurement
• Contract administration
• Supplier relationship management
• Managing the supplier’s performance
• Contract end or exit

Module 10 – Internal audit Modern

• View of internal audit
• Attributes of an effective internal auditor
• Risk Based internal auditing
• Audit planning and execution
• Audit recommendations

Module 11 – Effective communication of Financial Information

• Presentation of financial information
• Helping others to understand the link from operational activities to finance
• Effective report writing
• Influencing others to make good financial decisions

METHODOLOGIES

• Live group instruction in a workshop format
• Review of a variety of case studies and exercises
• Understanding best practice in certain areas
• High level of attention to individual participants
• Interactive participation is encouraged

All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

PUBLIC FINANCIAL MANAGEMENT

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How to Register for this Training

To register, please complete the attached registration form and e-mail or fax it back with proof of payment to: The Conference Organizing Committee; contact Person: Mr. Frederick Chizu Simpungwe at:

1. E-mail:info@nit-edu.org
2. Fax No.: +264 886559294 & Cell: +264 81 3294977

We also have Conference Sponsorship and Exhibition Opportunities. If your organization is interested to sponsor or exhibit at this important conference, please contact the office on info@nit-edu.org

Please find attached herewith a registration form with rates and the conference draft program. If you need any further information, please feel free to contact the undersigned.