Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty.
Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
Course Title: Governance in Financial Management in the Public Sector
Venue: Mombasa, KENYA
Learning Duration: 2 Weeks
Starting: 2 Jul 2018 Ending: 13 Jul 2018
Fees: 1500 USD
Payment Details: To cover tuition and training materials only.
COURSE OVERVIEW Recent public sector reforms are remarkably based on the promotion of accountable management. Therefore, to achieve effective accountability within financial management in the public sector, clear rules and principles of governance must be employed. Corporate governance in Ministries, Departments and Agencies (MDAs) requires that effective and appropriate measures are established to ensure statutory accountability and accountability for public resources. Governance will support the need for efficient use of public funds, reduction of budgetary deficits, increase in performance and management of risks. The purpose of this programme is to show how corporate governance can be applied in the public sector financial management.
WHO SHOULD ATTEND? Accountants, Auditors, Budget Officers, Finance officers and any other Staff from the MDAs entrusted with the duties of managing Public Resources.
HOW PARTICIPANTS WILL BENEFIT At the end of the course, participants will be able to: • Appreciate the elements, structures and systems of public sector governance • Competently develop and manage governance reform programs and activities • Apply principles of governance in public sector financial management • Identify and mitigate against risks related to financial disbursement • Appreciate the importance of compliance to governance and standards
TOPICS INCLUDE • Overview of the principles of governance • Governance in the public sector: Resurgence and interest • Governance-rule of law, transparency and accountability • Oversight institutions supporting governance • Overview of public sector financial management • Current issues in public sector financial management • Principles of budgetary governance • Fiduciary risk management- control and oversight • Compliance to governance programmes and international standards