EFFECTIVE METHODS AND TECHNIQUES OF MANAGING PUBLIC AND COMPANY FUNDS
COURSE OVERVIEW:
The purpose and scope of this programme is to draw the attention on the issue of implementation of appropriations within the public sector, especially regarding irregularities ascertained during auditing. Different modules will be combined in transparent commentary and disseminated to the participants to serve as the support and assistance during structuring of legal and best practice in management of public funds. This programme offers you guidance on how to handle public funds of all kinds properly. Much of what managing public money (MPM) requires is just good common sense, or sound financial management. There are also some specific rules and conventions about how certain things are handled. You need to be aware of these so that policies, programmes and projects work smoothly and serve their intended purposes.
Prerequisite: Managers, Accountants, Project Managers and senior officers
Learning Level: Intermediate
Advanced Preparation: None
Training Type: Group Live
Duration: 3 weeks
COURSE OBJECTIVES
This course will enable students to:
- Understand the distinct forms of public funds.
- Have a better understanding of how to evaluate their governance and investment policies.
- How to better protect the assets from political interference
- Appreciate the Budgetary tool of public funds management;
- Choose the best accounting basis for the management of public funds;
- Make capital budgeting (investment decisions) for the public sector;
- Understand the concept of privatization and how it results improved financial performance;
COURSE OUTLINE/CONTENTS
MODULE 1: Introduction and Framework
- Responsibilities
- Principles of managing public funds
- Governance and management
MODULE 2: Funding
- How to obtain funds
- Distinct forms of public funds
- Managing fraud and risk in the public sector
MODULE 3: Capital investment planning and analysis
- Capital budgeting Vs capital investment
- Revenue planning and analysis
- Public funds and accrual-based accounting
- Budgeting and financial management in the public sector
- Core budget elements – the 6Cs
- The budgeting functions
- Budget formulation; formats, reforms and the New International requirements
MODULE 4: Internal management
- Governance structures
- Processes that lead to effective internal decision making
- Opportunities and risks
- The control of revenue and expenditure
MODULE 5: Good governance in the management of funds
- Principles of good governance-fiscal transparency
- Guidance on how to implement the principles like integrity, ethical values and rule of law
- Effective management of parastatals and departments
- Ethics and integrity in managing public funds
MODULE 6: The role of auditing in public sector management
- Internal control Vs internal audit
- Public sector auditing
- Auditing and other oversight committees in the public sector
MODULE 7: Accountability and evaluation for public money
- Accountability and the reform agenda
- Accountability for the delivery of major projects and programmes
- How to evaluate the governance of public funds and investment polices
- Information needed to evaluate performance and support accountability
METHODOLOGY AND EVALUATION
Approach
This Course is conceived for face-to-face training, hence allowing a constructive interaction and exchange of experiences between Facilitators and Participants. Panel Discussions and Group Work on selected topics. Prescribed material is made available during the course, and includes notes, articles, statutes and excerpts from textbooks. The programme uses training methods chosen to ensure effective learning, to reinforce understanding, to develop practical skills to promote critical evaluation of information. Interest is maintained throughout each session by use of a variety of formats, including:
Lively and informative presentations
Quizzes
Case studies based on real life scenarios
Throughout the course, you will learn from others in your group as they share practical experiences in their work environment. You will learn by doing and by applying what you learn to your own work environment. Thus, the training methodology is based on interactive learning. Furthermore, learners will use examples from their own organisations, thus ensuring that the learning is anchored at their workplace. This course will strive to effect actual change back at the workplace through effective and practical outcomes based training.
Language
The Course is facilitated in English (should numbers justify it, separate classes will be presented in either Swahili or French) and study guides and class notes are made available in English. Prescribed materials made available in the original language. Participants may participate in Swahili, French or English, and complete assignments in either of these languages.
Assessment
The course might involve preparing some sort of in-class and out of class assignments which include drafting “from scratch”, drafting using forms, and redrafting. Some short assignments contribute to the work on longer, full documents. Assignments receive written evaluation and serve as the basis for session discussions as well.
Evaluation
In conformity with KIBYA’s procedures, an evaluation of the course will be carried out at the end of the Programme to determine the perceived relevance of course contents to Participants’ needs and the effectiveness of the methodology and materials employed in achieving the course’s training objectives.