Module 1– Introduction to financial management
• The basics of Government finance
• The control of public money
• Where the money comes from and how it is allocated and
distributed
• Debt finance
• The need for accountability
GAFM ® AAFM ® Course Overview:
Many Public Service line managers receive little or inadequate training in this competency and some may even be in denial about their important role in managing financial resources.The consequences of poor financial management can seriously harm the financial stability of the service, availability of future funding, ability to deliver services, team morale and relationships between the service and the finance team. Managing incoming funds and knowing the primary sources of these funds is very important for the modern-day management accountant and corporate controller.
The ability to control, use and manipulate accounting and cash flow can have a dramatic effect on how well public funds are managed and spent. This practical, highly interactive program will provide you with the necessary skills and techniques to successfully analyze and report the cost contribution to your company’s performance.
CERTIFIED PUBLIC FINANCE MANAGEMENT ACCOUNTANT (CPFMA)
REQUIREMENT:
The Certified Public Finance Management Accountant
(PFMA™)
In order to be authorized to use the CPFMA ™ credential, you
must meet the experience, education, ethics and examination
requirements determined to be competency measures for
Finance.
The Certification Board for CPFMA ™ Certification has
established these standard requirements
Professional Experience:
Bachelor’s Degree in Finance, or Any related Business Degree in
Finance & Accounting Management from reputable Higher
Learning University with at least 1 year experience in a public
finance or accounting role
OR
A Certified Public Accounting (CPA) designation with more
than 2 year work experience in the field public finance or accounting role
Business Owners, Directors
Managers
General Managers
Division Heads, Department Heads
CPFMA
Who should attend?
This program will benefit Business Owners, Directors, General Managers, Managers, Division Heads, Department Heads and all
those who also wish to broaden, sharpen and deepen their skills and knowledge of HR management and its Strategy
implications in today business environment.
HR practitioners and non-HR practitioners with HR responsibilities seeking a fast paced review of the role of HR in today’s rapidly-evolving workplace and who wish to broaden, sharpen and deepen their HR
management and related competencies
About The GAFM® Board of Standards
and our Unmatched Accredited Program
Exam Standards
Our Education and Exam Standards Represent the Top 15%
of all Accredited Business Schools Worldwide.
The GAFM ® American Global Academy of Financial Management
® is an independent worldwide Board of Standards and
Accreditation Council for management professionals.
We are a global SRO “Self-Regulatory Organization " and
certification body that recognizes the highest criteria in academic
standards, exams,assessment, metrics, industry experience, ethics,
and continuing education mandates as dictated by the IBANEZ
and PEEL USA Supreme Court decisions & dicta on financial board
certification and credentials.
Who we are
The GAFM ® Global Academy of Financial Management ® is
world recognized - independent Board of Standards and
Accreditation Council for professionals with members in 150+
countries offering exclusive certifications to candidates who meet
the highest standards and assessment.
OUR CERTIFICATIONS
Because our certifications and designation requirements are
based on earned degrees and exams from the best global
degree programs, our standards are unmatched. Thus, we confer
designations which are based on accredited degree-based
education and qualified exams.
The GAFM was founded in 1996 by the original founders of the
Graduate Leadership Society. The founders of our Standards
Board are CEOs, Executives, Professors, and Industry experts
from around the globe. We desire to raise education standards
and ethics in business and management.
certified PUBLIC FINANCE MANAGEMENT
ACCOUNTANT (CPFMA)
PROGRAM
Module 2 – Cash Accounting and Financial Reporting Simulation
• Cash accounting
• Accruals v cash accounting
• Link between the Income Statement, Balance Sheet and
Cash Flow Statement and finance simulation
• Capital v resource
• Valuation v historic cost
• Financial reporting and financial reporting frameworks
• Migrating to accruals based accounting
Module 3 – Strategic planning and budgeting
• Strategic planning
• The annual financial cycle of activities
• Service line planning
• Budgeting
• Budget execution and in year management
• Forecasting
Module 4 – Performance Management
• Economy, efficiency and effectiveness
• Delivering services in a way which gives value for
money to tax payers
• Prioritization of services
• Measuring value for money
• Performance management
Module 5 – Revenue Management
• Sources of revenue
• Generating optimal mix of revenue from different
sources
• Revenue budgeting and forecasting
• Pricing goods and services
• Revenue collection and mechanisms for closing revenue
leakages
• Bidding for and claiming grants
Module 6 – Internal Control & Risk Management
• Risk identification in the public sector
• Risk management
• What is governance
• The link to internal controls
• Types of internal controls
• Effectiveness of internal controls
Module 7 – Investment Appraisal and Business Cases
• Objective and components of a business case
• Financial and economic case
• Techniques for financial appraisal
• NPV calculations
• Affordability and value for money
• Capital budgets
• Property asset management
Module 8 – Expenditure management and Procurement
• The procurement cycle
• Procurement principles and process
• Knowing the market place
• Evaluating tenders to achieve best value for money
• Controls over procure to pay
• Cost containment strategies
Module 9 – Contract Management
• The Link to procurement
• Contract administration
• Supplier relationship management
• Managing the supplier’s performance
• Contract end or exit
Module 10 – Internal Audit
• View of internal audit
• Attributes of an effective internal auditor
• Risk Based internal auditing
• Audit planning and execution
• Audit recommendations
Gary Bandy.
PUBLIC FINANCIAL MANAGEMENT EXPERT, CONSULTANT, AUTHOR,
LECTURER AND TRAINER
UNITED KINGDOM
Independent consultant who helps public sector
organisations to manage their finances better. Previously
the finance director of two major public bodies. A great
teacher and the author of Financial Management and
Accounting in the Public Sector Sector about which a
reviewer said, “if you really want to understand the new
world of public sector finance sit down with this text and
all will be revealed.”
Specialties: financial management, public sector, public
finance, finance director, FD, financial services,
accounting, auditing, governance, internal control,
treasury management, local government, council, charity,
third sector, voluntary sector, business school, MPA,
training, trainer, lecturing, lecturer, teaching,
management consulting, consultant, procurement,
outsourcing, commercial negotiation, advice, advisor,
police, commissioning, financial modelling, university
ACCREDITATIONS & PARTNERS
REGISTRATION
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