Overview
If you’re looking to enter the world of public finance, the ICGFM Foundation Course in Public Financial Management is the perfect place to start. This course offers a well-rounded introduction to all the essential concepts of public financial management, taught by Dr Michael Parry, a globally renowned PFM expert.
The course is delivered entirely online, through a mix of prerecorded video presentations, workbooks and other reference materials. And at the end of each module, you’ll put your new knowledge to the test with a self-administered assessment.
Once you’ve successfully completed the course and final exam, you’ll be awarded the ICGFM Foundation Certificate – an internationally recognized credential that will open doors and help further your career.
So don’t delay – sign up today and take your first step towards success in the world of public finance!
Course Objectives
- Facilitate or enhance career opportunities in the Public Sector
- Complete basic tasks required for a career in PFM
- Understand how governments account for public money
- Prepare and understand cash and accrual government financial reports
- Prepare, manage, and report on government budgets
- Be familiar with international standards on financial reporting and transparency
- Understand how the whole public financial management process is controlled and audited
- Understand public financial management assessment and reform
- So much more…
Exclusive FreeBalance Discount
FreeBalance has negotiated an exclusive 10% discount on your behalf! To take advantage of this discount, use the code FreeBalance when signing up.
Course Content
| Module | Coverage summary | Case study tasks |
|---|---|---|
| 1 | Introduction, concepts, government accounting and the application of double entry to government accounting | Recording simple transactions of a government |
| 2 | Public sector accounting, cash and accrual basis, cash flow statements, computerised accounting | Recording transactions in ledger accounts, trial balance, cash and accrual final accounts |
| 3 | Financial reporting standards for governments – International Public Sector Accounting Standards (IPSAS) and IMF Government Finance Statistics (GFS). Detailed study of cash basis IPSAS | Preparing financial reports in accordance with the cash basis IPSAS and on an accrual basis |
| 4 | Government budgeting, budget preparation, the concept of a ‘basic budget’, fiscal forecasts and budget ceilings, budget to actual financial reports | Preparation of a budget Budget to actual comparison |
| 5 | Introduction to MTEF, budget classification and the chart of accounts, budget implementation and commitment management | Recording commitments in vote ledger Revised budget |
| 6 | PFM laws, institutions, governance, internal control and audit, external audit, international Standards for Supreme Audit Institutions, PFM assessment, and PFM reform | Control and audit reports Reform plan |
Target Audience
- Individuals who want to embark on a career in the public sector
- Government employees who want to enhance their career opportunities
- Consultants working within the PFM environment
- Donor-funded Projects that include a PFM element
- Literally anyone who wants to understand PFM in the real world
Additional Benefits
Every student receives 12 months access to the following:
- 10 hours of video micro-lessons teach the foundations of PFM
- 6 detailed Study Guides carefully navigate students through each module
- Scenario-based case studies equip students with real-world, practical skills
- Short quizlets reinforce important information and maintain interest
- Unlimited attempts at all exams optimises chance for success
- NO EXAM, MONTHLY OR OTHER HIDDEN FEES!
- 6 module tests, plus the final examination validate student understanding
- No printer required – course is all online
- A guaranteed pathway to the ICGFM Diploma in Public Financial Management or a solid foundation for other professional qualifications
From Turks and Caicos to the USA, Denmark to Mozambique, the ICGFM Foundation Course in PFM has helped individuals achieve career goals and assisted governments in training staff all over the world. The course has also played an important role in numerous doner-funded projects.
ICGFM is a non-profit association that was established in 1978. Through training, education and advocacy, and awareness, ICGFM promotes best practices in public financial management globally. If you’re looking for a real-world understanding of Public Financial Management, this course is for you.
| Dates | On Demand |
|---|---|
| Length | 50-70 hours |
| Pace | Self Paced |
| Fees | Special anniversary discount from |
| Language | English |
Instructor
Dr. Michael Parry
Dr Michael Parry, has been working at the cutting edge of PFM reform since 1981. He has consulted for countless governments, written books, published endless papers and articles and is a prominent figure in the industry.
Offered By
ICGFM
ICGFM is a non-profit association that was established in 1978. It was founded by a distinguished group of international financial management professionals from government and academia.
ICGFM members include government entities, private sector firms, professional associations, and university departments as well as individuals dedicated to improving financial management around the world.
ICGFM’s dedication to excellence and membership of highly qualified PFM organisations and professionals sets ICGFM apart as an organisation that is uniquely qualified to deliver PFM Courses around the world.
In collaboration with
PFM Training Limited
PFM Training represents an impressive collaboration of professionals who have worked on projects and trained many others in the field of public financial management (PFM) all over the world.
PFM Training offers a wealth of practical experience and knowledge in the development and implementation of governmental systems and PFM training projects using a variety of approaches.
Projects include in-person training, eLearning and often involves collaboration with national training and educational institutions to implement a sustainable system of continual learning that directly leads to measurable benefits for governments and citizens.
Related Courses
)
ACCA Certificate in International Public Sector Accounting Standards (Cert IPSAS)
IPSAS® have been developed to enhance the quality, consistency and transparency of public sector financial reporting worldwide.
)
Financial Modelling in the Public Sector
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)
Introduction to Public Financial Management
Poor financial management can seriously harm the successful delivery of a public service or project so the people involved in spending public money need to be well trained.