An Intensive 5-day Training Course
Managing Public Money
The Key Requirements Guidance on the Stewardship of Public Funds
Course Introduction
Public money is the money coming from the government, often through taxes, and also from fines and fees. This fund is used to help the public through goods and services, to financially support fire departments, the police, and Emergency Medical Technicians and to pay for the military and rescue organizations that help in the event of a disaster. The money is also used to protect the country as a whole. So, all the countries focus on how to manage public money with public interest at the forefront.
This Managing Public Money training course is designed to provide participants with the techniques and knowledge on the way governments manage public funds, how the government spends money, or expenditure, and the impacts on the growth of the economy and the wellbeing of citizens.
This Oxford Management Centre training course will highlight:
- The principles and rules contained in Managing Public Money
- The key requirement to operate under delegated authority
- The responsibilities of the government of Public Accounts.
- Value for money and feasibility.
- The governance statements.
- The roles of the National Audit Office
- Compliance with the requirements of Managing Public Money
Objectives
At the end of this Managing Public Money training course, you will learn to:
- Understand the principles and basics in managing public money.
- Recognize the key requirements of public funds and how required to manage such resources.
- Explain the main reasons of market failure
- Identify the problem of public goods and its solutions
- Improve outcomes of the public sector in the face of externalities
- Preparing yourself and staff to lead change anywhere in the world
Training Methodology
This Managing Public Money training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes number of practical exercises in which attendees are invited to discuss the appropriate action to be taken in decision making scenarios where the application of judgement is required. Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.
Organisational Impact
This Managing Public Money training course is of direct relevance to all public business sectors and as a result the organizations will benefit greatly from their employee’s participation. The organization will gain from:
- Greater relevance and reliability of managing public money
- More recension of the broad process whereby scarce resources is allocated by the market.
- Increasing the awareness of corrective action of market failure
- More effective use of the tools & techniques in improving their outcomes
- Preparation of staff for increased responsibility
Personal Impact
This Managing Public Money training course will be of personal benefit to delegates by providing you with:
- A better understanding of the context and importance of the work you do
- Improved knowledge and skills to improve your effectiveness
- Greater awareness of managing public resources, practices, problems and solutions
- Increased understanding and assurance to complete tasks successfully
- Increased self-confidence and motivation at work
- Greater ability to supervise, develop and motivate colleagues
Who Should Attend?
This training course is suitable for those working in government departments, arm’s length bodies, and other entities such as public corporations who may also be required to comply with Managing Public Money guidance.
This Oxford Management Centre training course is open to all and will be useful to all the following:
- Mangers of public sectors
- Non-executive board members
- Senior managers
- Auditors/Auditing Managers
- Accounting Executive/Managers
- Financial Reporting Managers
- Financial Executives / Managers / Controllers/Directors
- Budgeting Officers/Executives/Managers
- Anyone with an interest in public finances, budget transparency and government accountability, including government officials, staff from development agencies and civil society organizations.
Course Outline
Day One
Overview of Managing Public Money
- What is public money? And its components.
- The importance of public money
- The major issues in managing public money
- Managing the risk of public funds
- The principles for managing public resources
Day Two
Utilization of Public Funds
- What are the Utilisations of Public Funds?
- Requirements for use of public funds
- The major restrictions on the use of public funding
- Misuse of Public Fund
- Problems concerning the use of public funds
Day Three
Government Accounts
- The categorization of government’s accounts
- Public Account
- Responsibilities of accounting officers
- Accounting officer assessments
- Dealing with other organizations
Day Four
Governance and Management
- Conceptual Framework
- Records Management and Effective Financial Management
- Governance and responsibilities of board
- Internal Monitoring and Controls
- Value for Money Audit
Day Five
Best Practices in Using Public Fund
- Sources of funding
- Cash management & Other financing techniques
- Public dividend capital
- Best practice for boards in central government departments
- Techniques to ensure efficient use of public funds
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
