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Public Financial Management

The  short course aims to create an awareness and understanding of the Public Finance Management Act (Act No. 1  of 1999) (PFMA), as amended, and its implications.  The PFMA is a very important piece of legislation that promotes good financial management in order to maximise delivery through the efficient and effective use of limited resources.
Learning Outcomes :
After completion of this short course, delegates will be able to:

  1. understand the basic concepts and principles necessary for sound financial management;
  2. comply with the requirements of the Public Financial Management Act;
  3. comply with the Treasury Regulations;
  4. apply the principals of financial management approach to managing for results
  5. apply the performance requirements for financial management; and
  6. apply the principles of effective reporting.


Outline of Course Content :
The short course covers the following topics :

  1. Introduction to financial management
  2. Financial framework applicable to public officials
  3. Strategic planning and budgeting
  4. Strategic planning
  5. Costing
  6. Expenditure classification
  7. Performance measurement
  8. Asset management
  9. Risk management
  10. Internal control
  11. Payment processes
  12. Supply chain management
  13. In-year management monitoring and reporting
  14. Financial reporting and accountability
  15. Definitions



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In May 2010, the 1Goal: Education for All Campaign was launched as a 2010 World Cup initiative. Several organisations such as FIFA and famous personalities are part of the campaign.

The 1Goal Campaign is a coalition of 100 organisations from 100 countries established in 2009 to raise awareness about the 72 million children around the world who are said to have no access to quality basic education. The initiative aims to get all children across the world to school by 2015.

enhancing and improving professionalism and capacity of the South African public sector employees.