(Available also for Customised Training by Duration, Venue & Fee)
Programme Description
The way public finances are organised in the country forms the basis for how government offices and authorities run their activities. This course will support delegates with much of the knowledge and skills that can help them advance into senior Public Sector roles. Their insight in Public Sector financial management and fiscal accountability will increase in ways to accomplish most with limited resources.
Course Contents
DAY ONE
An Understanding of Government Finance
• Revenue sources
• Expenditure responsibilities
• Budgeting
• Spending
• Monitoring.
Government Financial Management
• Fiscal federalism
• Effective financing structures
• Monetary policy
• Fiscal policy
• Classification of government expenditure
• Public debt sources and management
• Government enterprises
• Multilateral institutions.
DAY TWO
Budget and Budgetary Process
• Politics of Budgeting
• Appropriation
• Authorization
• Control.
Institutions in the Budget Process
• Budget Office
• Spending Ministries
• Ministry of Finance
• House of Assembly
• Executive Council.
Budget Formulation
• Capital
• Recurrent
• Original
• Adjustments
• Approved
• Appropriation bills
• Laws
• Rules
• Decisions.
Budget Management
• Fiscal transparency
• Financial accountability
• Intergovernmental transfers
• Value for money and Cost management.
DAY THREE
Tax Policy and Revenue
• Taxes, Duties and Fees
• Tax Laws and Regulations
• Classification of Taxes
• Exemptions and Reliefs
• Federal Inland Revenue Service
• State Board of Internal Revenue Service
• Joint Tax Board
• Multiple (Vexatious) Taxes
• Tax Avoidance and Tax Evasion
• Tax Appeal Tribunal.
DAY FOUR
Controls & Application of Funds
• Fiscal responsibility
• Governmental budgetary balance
• Receipts
• Disbursements
• Revenue management
• Expenditure management
• Internal controls
Auditing of Government Accounts
• Accounting and auditing functions in government offices and departments
• New accounting standards
• Reporting requirements
• Advancing IT systems.
DAY FIVE
Public Sector Financial Reporting - IPSAS
• Budget information in Financial Statements
• Core Objective
• Accrual & Cash Accounting IPSAS
• General purpose financial statement
• Components of Financial Statements
• Disclosure of budget information
• Reporting Format.
