Integrated Financial Management Information System (IFMIS)

Course Objectives
On successful completion of the Integrated Financial Management Information System (IFMIS) course participants shall be able to:
• Grasp functioning and the increasing role of IFMIS in organizations especially in the public sector
• Record spending and hence have a better understanding of the organization’s expenditures
• Help in budgeting and financial planning by providing previous financial information
• Assist in preparation of various types of financial reports tailor-made to organizations’ preferences
• Have better monitoring and control over entity’s finances
• Simplify the procedure of data collection and usage hence augmenting decision making
• Assist in audit by providing relevant historical financial information
• Enhance financial transparency and accountability of staff
Course Outline
Integrated Financial Management Information System (IFMIS)
• Role of IFMIS and its benefits
• Components of IFMIS
• Financial planning and analysis
• Elements of IFMIS: ledger administration, payroll system, asset module, accounting module
• Impact on corruption
• Institutional challenges
Public financial management
• Public financial management cycle and its connection with IFMIS
• Relation with governance
• Public debt management
• Budgeting and long-range planning
Levels of integration
• Integrating budget into IFMIS
• Integrated chart of accounts
• Treasury management
Module 4: Change management
• Understanding risk in implementation
• Organization development
• Change management strategies
• Building communication strategies
• Change capability blueprint
Development of IFMIS
• Commercial off the shelf (COTS)
• Deciding between off-the-shelf and tailor-made
• Security settings in IFMIS
• Business Process Re-engineering
Auditing and financial reporting
• Audit trails
• Financial audit, systems audit
• Preparation of budgets, cost reports, etc.
• Accounting information system
• Internal controls
Implementation of IFMIS
• Procurement of software/hardware
• Technology components
• Project management
• Testing
• Phased approach to implementation
• Work break-down structure

DATE:
1ST BATCH: 18th – 21st Feb, 2025
2ND BATCH: 29th July – 1st Aug, 2025