Public Sector Accounting Course

Course Objectives
Upon completing this Public Sector Accounting Course successfully, participants will be able to:
• Demonstrate and display the proprietary of transactions and their conformity with the law, established rules and regulations
• Measure current performance
• Give helpful information for the efficient control and effective management of government operations
• Facilitate audit exercise to be carried out
• Plan future operations
• Appraise those in the authority, inefficiency and effectiveness
COURSE OUTLINE
Public Sector Finance Management
• Introduction to Public Sector Finance Management (PSFM)
• Effective Public Sector Finance Management
• Objectives of Public Sector Finance Management
• Role of Fiscal Policy
Budget Cycle & Formulation
• Key Stakeholders in Budget Formulation
• Budget Preparation
• Budget Approval
• Role of Central Treasury
• Annual v/s Mid-Term Budget
Budget Execution
• Budget Execution strategies
• Factors to Control Public Revenue
• Revenue Management
• Public Sector Management and Accountability
Project Management
• Project Identification
• Project Planning & Execution
• Project Monitoring & Closing
• Benefits accruing in future
Public Sector Governance
• What is Public Sector Governance?
• Responsibilities of Board of Directors / Governors
• Consequences of Poor Governance
• Necessity of Internal Controls
• Internal Control Procedures
• Functions of Audit Committees
Auditing Public Sector Enterprises
• Role of Internal Audit
• Supreme Audit Institution
• Functions of Supreme Audit Institution
• Report of Supreme Audit Institution
International Public Sector Accounting Standards
• Presentation of Public Sector Accounting Standards
• Cash Flow Statement
• Property Plant & Equipment
• Presentation of Budget Information in Financial Statement
General Accounting Concepts
• Historic Cost
• Prudence
• Consistency
• Materiality
Public Sector Financial Statements
• Balance Sheet
• Income Statement
• Cash Flow Statement
• Statement of Equity
• Horizontal Balance Sheet and Income Statement
• Vertical Balance Sheet and Income Statement

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 18th – 21st Feb, 2025
2ND BATCH: 5th – 8th Aug, 2025