Training Course on Public Sector Financial Management & Accountability for Emerging Economies

Introduction

Effective financial management and accountability in the public sector are crucial for sustainable development and good governance, especially in emerging economies. This training course provides finance professionals with the knowledge and skills to improve public resource management, enhance transparency, and strengthen fiscal accountability aligned with international best practices.

This training course on Public Sector Financial Management & Accountability focuses on budgeting, financial reporting, audit processes, and governance frameworks tailored to the unique challenges faced by emerging economies. Participants will learn how to implement reforms, promote efficient use of public funds, and ensure compliance with public finance regulations.

Target Audience

• Public Sector Accountants and Auditors
• Finance Managers and Budget Officers
• Treasury and Revenue Officials
• Internal Auditors and Compliance Teams
• Policy Makers and Public Administrators
• Development Partners and Consultants
• Anti-corruption and Governance Specialists

Duration

5 Days

Course Objectives

1. Understand principles of public financial management and accountability
2. Analyze budgeting processes and fiscal planning in public entities
3. Apply financial reporting standards for the public sector
4. Strengthen internal controls and risk management
5. Enhance transparency through effective audit and oversight
6. Promote compliance with public finance laws and regulations
7. Manage public debt and financial sustainability
8. Develop strategies to combat corruption and improve governance

Course Content

Module 1: Foundations of Public Sector Financial Management

• Overview of public financial management (PFM)
• Key stakeholders and institutions
• PFM legal and regulatory framework
• Public expenditure management
• Challenges in emerging economies

Module 2: Budget Preparation and Execution

• Budget cycle and processes
• Medium-term expenditure frameworks
• Cash management and fund release
• Budget monitoring and control
• Participatory budgeting practices

Module 3: Public Sector Accounting and Reporting

• IPSAS and other reporting standards
• Accounting for grants and donor funds
• Financial statement preparation
• Transparency and disclosure requirements
• Financial management information systems

Module 4: Internal Controls and Risk Management

• Designing control frameworks
• Fraud prevention and detection
• Risk assessment methodologies
• Segregation of duties in public finance
• Monitoring and evaluation

Module 5: External Audit and Oversight

• Role of supreme audit institutions (SAIs)
• Audit planning and execution
• Reporting audit findings
• Follow-up and accountability mechanisms
• Enhancing audit impact

Module 6: Public Debt and Financial Sustainability

• Debt management principles
• Domestic vs external borrowing
• Debt sustainability analysis
• Fiscal responsibility laws
• Debt transparency initiatives

Module 7: Governance and Anti-Corruption Measures

• Public sector governance frameworks
• Ethics and integrity in financial management
• Anti-corruption policies and tools
• Whistleblowing and reporting mechanisms
• Strengthening institutional capacity

Module 8: Capstone – PFM Reform Strategy

• Assessing PFM system maturity
• Developing reform action plans
• Stakeholder engagement and communication
• Monitoring reform progress
• Presenting PFM strategy to leadership

General remarks

• Customizable courses are available to address the specific needs of your organization.
• The participant must be conversant in English
• Participants who successfully complete this course will receive a certificate of completion from Lenol Development Center.
• The course fee for onsite training includes facilitation training materials, tea break and lunch.
• Accommodation and airport pick up are made upon request
• For any inquiries reach us through info@lenoldevelopmentcenter.com or +254 710 314 746
• Payment should be made to our bank