b"PUBLIC FINANCIAL MANAGEMENT: BEST PRACTICE FINANCIAL 20% MANAGEMENT AND REPORTING ON OFFISSUES AND SOLUTIONS JAN-MAR IPSAS AND IFRS STANDARDS COURSESPublic nancial management (PFM) systems are essential for the Dene the PFM oversight function, the role of the Public International Accounting Standards are a global response to a set of Changed approaches and improving nancial managementachievement of government policy and development objectives.Accounts Committee and external audit agenciesglobal problems, with IFRS primarily aimed at the private sector and under the StandardsShape reforms to address deciencies in transparency and IPSAS tailored to the specic circumstances of the public sector.Using the systems to improve nancial monitoring and controlThis course explores the fundamentals of government reforms and accountability frameworks in an accruals environment the key issues and solutions across the PFM landscape. This includesIn the modern world, it is essential that nancial information canSystems requirements for successful implementation budget preparation and execution; accounting; nancial reporting andKEY TOPICSbe assessed consistently. These standards are designed to assisttrends towards results-based performance measurement; integrated Overview of PFM and origins of PFM reformsorganisations to improve their nancial reporting, nancial KEY TOPICS nancial management information systems (IFMIS) and auditing. Public sector budgeting and the concept of programme and management, transparency and accountability, introducing a How core concepts such as accruals, capital and revenue performance budgetingcommon accrual-based approach that should enhance nancial spending depreciation and nancial instruments should beDelegates will also explore the important management theories and Overview of MTEF and linkages with policy objectivesaccountability and corporate governance. reported on strategic planning frameworks essential to understanding the current Public Expenditure and Financial Accountability (PEFA)The requirements of specic areas such as oil and gas, taxationissues and trends in integrated PFM reforms. Service delivery and performance management in the publicIn this programme, delegates will learn how to achieve improvements and land (adapted to match delegates business areas)sectorin nancial management and reporting while moving to fullHow actions will affect reported nancial performance and howCOURSE OBJECTIVES:On completion, you will be able to: Budget implementation, cash management and forecastingcompliance with the Standards. The course explores the Standards' nancial management should be amended to deal with theseLead or participate in developing solutions to contemporaryMonitoring and evaluationrequirements and how they can be complied with. It assists delegatesPFM challenges Financial accounting and reportingto analyse the impacts on their organisations and to plan the journeyIn order to ensure the highest learning standards for delegates, CrownDene the benets of Medium Term Expenditure FrameworkIntegrated Financial Management Information Systemstowards compliance, using case studies to illustrate the practicalAgents delivers training courses using excerpts from the official IFRS(MTEF) reforms and budget processes and assist in theGovernance and fraud prevention application of the Standards.Standards under licence from the IFRS Foundation. realisation of these benetsExecute budgets and understand cash management, public DURATION FEE DATEVENUE COURSE OBJECTIVES:On completion, you will be able to:DURATION FEE DATE VENUE procurement and internal controls so as to help raiseUnderstand the key principles and the application of the transparency and reduce leakage10 days 4,195 16 - 27 May 2022 Washington D.C. Standards in both the public and private sectors10 days 4,195 14 - 25 March 2022Dubai Improve PFM compliance by taking account of developments 17 - 28 October 2022Washington D.C.Financial reporting under the IFRS and IPSAS regimes including: in public sector nancial reporting standardsthe core statements; the style of annual reporting; the consequences for governments, organisations etc. INTEGRATED FINANCIAL MANAGEMENT20%BEST PRACTICE FINANCIAL MANAGEMENTOFF AND REPORTING ON IPSAS AND IFRS SYSTEMS: STRATEGY AND IMPLEMENTATION JAN-MAR COURSES STANDARDS - ACCA CERTIFICATEFor several years, governments and public sector entities around the Assess the scope for enhancing monitoring and evaluationThis course content is aligned to the ACCA Cert IFR syllabus and ACCAKEY TOPICS world have been implementing Integrated Financial Management Communicate results effectively to management and key Cert IPSAS syllabus. It includes integrated preparation for either the How core concepts such as accruals, capital and revenueInformation Systems (IFMIS). The objective is to improve budget stakeholdersACCA Cert IFR certicate or Cert IPSAS certicate exam, which may be spending depreciation and nancial instruments should bepreparation and execution and achieve better value for money,taken at the end of week two. reported on efficiency, transparency and accountability in the delivery ofKEY TOPICS government services.IPSAS and IFRS standards are designed to assist organisations toThe requirements of specic areas such as oil and gas, taxation IFMIS implementation: the core business and technology improve their nancial reporting, nancial management, transparency and land (adapted to match delegates business areas) This course explores the key business, people, process and componentsand accountability, introducing a common accrual-based approach How actions will affect reported nancial performance and howtechnology issues that are critical to a successful IFMIS Public sector budgeting and the budget cyclethat should enhance nancial accountability and corporate nancial management should be amended to deal with these implementation. Delegates will receive guidance on practical IFMIS Importance of the Chart of Accounts (COA)governance. project implementation, key components of the system and how they Effective public sector cash management within the ABOUT THE ACCA CERTIFICATE:t in with the public nancial management (PFM) cycle. The course scope of the IFMISDelegates will learn how to achieve improvements in nancialThis is blended course and includes either ACCA Certicate in will also explore other relevant issues such as the processes needed Results-based performance measurement, monitoring management and reporting while moving to full compliance with theInternational Public Sector Accounting Standards (Cert IPSAS) or ACCA to secure the IFMIS against internet and information threats. and evaluationStandards. It assists delegates to analyse the impacts on theirCerticate in International Financial Reporting (Cert IFR). DelegatesInternational public sector accounting standards and reportingorganisations and to plan the journey towards compliance, using casewill elect to take either the Cert IPSAS or Cert IFR course. This COURSE OBJECTIVES:On completion, you will be able to: Auditing the IFMISstudies to illustrate the practical application of the Standards.programme includes access to the official ACCA online course andDene the IFMIS and its architecture and how it supportsInternet and information security considerations of the IFMISassessment exam, which is available for 6 months from courseand strengthens PFM and electronic governance services Systems acquisition, customisation and developmentCOURSE OBJECTIVES:On completion, you will be able to:registration. Certication is subject to passing the ACCA assessmentCritically examine the factors involved in the effective planningDeveloping and implementing IFMIS and electronic governanceUnderstand the key principles and the application of the which is a one-hour multiple-choice exam. and implementation of an IFMIS project, taking account ofstrategiesStandards in both the public and private sectorspractical change management, system integration, legal,Financial reporting under the IFRS and IPSAS regimes including: In order to ensure the highest learning standards for delegates, Crownpolitical and institutional issuesDURATION FEE DATEVENUEthe core statements; the style of annual reporting; the Agents delivers training courses using excerpts from the official IFRSExplain how an IFMIS solution can enhance internal controls, 10 days 4,195 28 February - 11 March Dubai consequences for governments, organisations etc.Standards under licence from the IFRS Foundation. minimise risk, maximise value for money and enhance 08 - 19 August 2022 Washington D.C.Changed approaches and improving nancial management DURATION FEE DATEVENUE transparency under the StandardsIdentify the additional operational risks arising from 05 - 16 December 2022 LondonUsing the systems to improve nancial monitoring and control10 days 4,45024 October - 04 November 2022 London computerising nancial management systems and the auditin an accruals environmentprocedures required to address them Systems requirements for successful implementation56e: trainingbookings@crownagents.co.uklt: +44 (0)20 3940 4300 w: crownagents.com/training 57"