By the end of this programme, participants will be able to:
- Develop effective strategies to ensure sound financial management and control within their organization.
- Apply modern accounting techniques to enhance organizational financial practices.
- Design and implement an efficient audit system to ensure compliance and accountability.
- Enhance decision-making processes regarding financial issues while aligning with stakeholders’ interests.
- Analyze and interpret budgets and national accounts across various jurisdictions.
- Understand the interplay between public financial management, politics, and policy-making choices.
DAY 1
Corporate Governance
- Fundamentals of Corporate Governance: Objectives, Strategy, and Institutional Frameworks
- The Role of the Board: Duties, Legal Issues, Composition, and Structure
- Case Studies on Effective Corporate Governance
- Risk Management in the Boardroom
- Board-Management Dynamics and Shareholder Rights
- Corporate Governance and Value Creation
DAY 2
Strategic Leadership
- Navigating Leadership in a Changing Business World
- Core Concepts in Executive Leadership
- Sources of Power and Influence for Executives
- Essential Leadership Requirements and Skills
DAY 3
Risk Management
- Importance of Risk Management in Financial Practices
- Evolution of Banking Risks: Old vs. New Basel Accord
- Overview of Basel II: Objectives, Structure, and Pillars
- Lessons from Financial Disasters and Case Studies
- Best Practices in Risk Management Policies and Frameworks
DAY 4
International Accounting Standards (IAS)
- Key Issues and Developments in IAS and Global Applications
- Practical Examples of IAS/IFRS Usage in International Companies
- GAAP Accounting and Its Relevance
- Case Studies on the Implications of IAS for Financial Management
DAY 5
Financial Management Context
- Introduction to Public Financial Management
- Budgeting Fundamentals: Definitions, Classification, and Composition
- Comparison of Line Item and Programme-Based Budget Systems
- New Public Management and Its Impact on Financial Planning
DAY 6
National Level Accounting and Budgeting
- Overview of Public Accounting Approaches: Cash vs. Accruals Accounting
- Budget Planning: Macroeconomic Frameworks and Medium-Term Expenditure Plans
- The Ministry of Finance’s Role in Budget Preparation
- Key Elements of Budget Timetabling
DAY 7
IPSAS And Cash Standards
- Understanding IPSASB and Its Role in Public Sector Financial Reporting
- Development of Accrual-Based Standards and Cash Basis IPSAS
- Relevance of Consolidated Public Sector Accounts: Whole of Government Reporting
- Application of IFRS in the Public Sector and International Assistance Accounting
DAY 8
Auditing Standards and Best Practices
- Overview of Auditing Standards and Ethical Codes
- Core Principles: Integrity, Independence, and Objectivity
- Professional Competence and Confidentiality in Auditing
- Field Standards and Reporting Techniques for Public Sector Audits
DAY 9
Performance And Value for Money Audits
- Ensuring Regularity and Probity in Financial Management
- Conducting Value for Money Audits for Public Sector Projects
- Case Studies Highlighting Efficient Financial Auditing Practices
- Practical Exercises on Financial Statement Analysis
DAY 10
Practical Applications and Case Studies
- Integrating Public Financial Management Practices into Governance Frameworks
- Group Exercises on Developing Budgets and Risk Management Policies
- Case Studies on International Financial Reporting and Auditing Challenges
- Review, Feedback, and Certification
