Public Financial Management (PFM)

Course details

OVERVIEW:

PFM refers to the set of laws, rules, systems, and processes used by sovereign nations (and sub-national governments), to mobilize revenue, allocate public funds, undertake public spending, account for funds, and audit results. The Public Financial Management course provides a deep understanding of topics like revenue analysis, cash management, and budget execution. Our comprehensive Public Financial Management course outline provides methods and tools of financial management specifically tailored for the public sector.

CAREER OPPORTUNITIES:

Market Trends:

This Public Financial Management training provides great career opportunities. According to the Bureau of Labor Statistics, the employment of Financial Analysts is expected to increase by 17% from 2020 to 2030. About 64,200 vacancies for Budget Analysts are projected each year, on average, over the decade.

Salary Trends:

After completing our Public Finance course in Dubai, individuals get a chance to land well-paid jobs. As per the data from , a person working as a Financial Analyst in the UAE typically earns around AED 13,000 per month with additional cash compensation depending upon one’s experience and skillset.

Demand and Opportunities:

Public Financial Management training is a great opportunity to get highly-paid jobs. This Public Financial Management training authenticates professionals’ skillset. By completing our Public Accounting course in Dubai, individuals could assume roles like Finance Officers, Finance Managers, Financial Coordinators, etc.

COURSE OUTLINE:

Introduction to Public Financial Management

• PFM in the World
• PFM's Importance
• Role of the Budget in PFM
• The Budget Cycle
• Key Elements of PFM
• Issues in PFM

PFM and Fiscal Policy

• Functions of Government
• Functions of Fiscal Policy
• Fiscal Responsibility
• Fiscal Reporting
• Challenges of Fiscal Policy
• Design of Fiscal Policy
• Fiscal Risks
• Fiscal Risk Management Cycle

The Annual Budget

• Budget Preparation & Approval
• A Political Exercise
• Technical Aspects of Budgeting
• Principles of Budget Preparation
• Challenges of Budget Preparation
• Budget Credibility
• Bottom-up Budgeting
• Top up Budgeting
• Budget Preparation Process
• Budget Approval
• Supplementary Budget
• Appropriations of the Budget

MTFF & MTBF

• Medium Term Fiscal Framework
• Medium Term Budget Framework
• Relation to Other Institutions

Revenue Analysis

• Tax Revenues
• Non Tax Revenues
• Taxes to GDP
• Criteria of a Good Tax
• Tax Policy process

Budget Execution

• Integration to PFM
• Budget Execution Cycle
• Budget Execution Controls
• Financial Management Information System(FMIS)

Cash Management

• Definition & Need for Cash Management
• Modern Cash Management
• Cash Rationing
• Advanced features of Cash management

Public Investment Management

• Infrastructure Governance
• Public Investment Efficiency
• PIMA framework
• PIMA Score of a Country

Fiscal & Financial Reporting

• Fiscal Reporting
• Budget Reporting
• Financial Reporting
• Statistical Reporting
• Cash Accounting
• Accrual Accounting
• From Cash to Accrual Accounting

Institutional Oversight of the Budget

• Oversight of the Executive
• Supreme Audit Institution
• Fiscal Councils
• Legislature
• Citizens/ Voters

PFM & Fiscal Transparency

• Importance of Transparency
• Lack of Transparency
• Transparency Standards
• Recommendations to Transparency
• Official Development Assistance(ODA)

Types of ODA

• ODA Today
• ODA Delivery Modalities
• Donor Funding
• Aid Effectiveness

PFM Reforms Planning

• PFM Reform Strategy
• Performance Approach
• Keys to Success
• Implementation of FMIS
• Evolution of Ministries

KEY TAKEAWAYS:

Successful completion of our Public Financial Management course in Dubai will enable a candidate to:

• Understand cash management in the public sector
• Grasp the strategies, methods, and tools of financial analysis
• Professionally manage risks while undertaking financial processes
• Understand the fundamentals concepts and techniques of budget execution
• Learn the technical aspects of financial management in the public sector
• Gain a deep understanding of the various ways to manage public investments

ACCREDITATION:

Our Public Accounting course in Dubai is accredited by ISO 9001: 2015 and the Knowledge and Human Development Authority (KHDA).

ALUMNI: 

Our academy graduates of the Public Finance course in Dubai are successfully placed in some of the top-notch companies in Dubai like Jumeirah, Aramex, Airarabia, Damac, Emaar, etc. They are entrepreneurs, career changers, and lifelong learners.

WHY LEARNER’S POINT:

As one of the top providers of Public Financial Management courses in Dubai, at Learners Point we have substantial experience in delivering relevant knowledge through our Public Accounting courses.
We offer the following benefits in our Public Financial Management courses in Dubai:

• Our PFM training is designed based on real-world scenarios, formulating and evaluating actual market requirements
• Our Public Sector finance courses in Dubai provide a vast practical insight along with the theoretical knowledge to meet the exam requirements
• Our Public Accounting courses in Dubai allow you to get hands-on experience with market-realistic mock assignments
• To enhance the learning experience of our students we provide organized group sessions and integrated training modules in our PFM training
• Our PFM training takes a discrete approach to career guidance to have our students placed in reputable positions

Updated on 22 August, 2024