Municipal Finance Management Programme

It is crucial for public sector employees to be able to apply financial and accounting skills in making decisions and calculating the financial implications of public sector projects.

These skills are important in the current public sector environment as the failure of many public sector initiatives has been attributed to poor financial and accounting skills.

This three day programme is designed to enhance the financial skills of employees within the public sector, ultimately improving service delivery. This programme will assist public sector employees, or those contemplating a career in public service, to become informed users of accounting and financial information.

This programme will also assist participants in understanding the dynamics of reporting requirements, develop a key understanding of financial and accounting concepts and principles, develop the skills to use tools to make correct calculations, and take appropriate and financially sound decisions in the public sector.

How you will benefit:

• Gain an understanding of financial and accounting concepts and apply these concepts in the work context

• Have an understanding of the PFMA and MFMA so that the requirements of these Acts are underscored and implemented

Key focus areas:

• Introduction to Accounting and Finance

• Accounting and Finance in the context of Public Sector

• Concepts and Terminology

• The Accounting Equation

• The Account Cycle and Basic Accounting

• Financial Statements and their analysis

• Budgets in relation to Expenditure

Who should attend:

Participants in the public sector or considering a career in the public sector

Entrance requirements:

• Components in the programme are specific to the public sector and therefore participants must have a basic understanding of the financial and legislative requirements for the public sector

• Applicant must have access to a reliable Internet line to complete required hours online