Overview of Public Financial Management (PFM) Course in Dubai
With the rise in public expenditure, the demand for professionals with expertise in managing public finance has increased in recent years. Certificate in Public Financial Management (Cert PFM) is the latest credential added by ACCA (Association of Chartered Accountants) that enables you to start your finance career in the Public Sector. The PFM Course will help you gain a thorough understanding of the framework of Public Financial Management.
Edoxi’s Public Financial Management Training in Dubai helps you acquire essential skills and knowledge in the Public Financial Management Cycle. The course starts with the foundation of public sector finance and helps you learn the best practices in PFM.You will acquire advanced-level skills in accounts and auditing that will enable you to become a Public Finance Specialist.
Benefits of the PFM Course
- Promotes transparency in the public sector: PFM training will make you proficient in managing Public Finance and help you bring transparency to the operations in the public sector.
- Helps you master good governance practices: PFM training will help you master good governance practices that will maintain the trust of common people in public.
- Develop strong analytical and problem-solving skills: Our PFM training will help you develop strong analytical and problem-solving skills to efficiently manage Public Finance.
- Get a high-paying job: Public Financial Management course will help you acquire essential accounting and auditing skills that will make you an eligible candidate for high-paying jobs.
- Strengthens your resume: Getting PFM Certification will strengthen your resume and give you a competitive edge over others in the job market.
Features of PFM Training
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Learn the Latest Syllabus
We follow the latest syllabus that will help you stay updated with the latest trends in Public Financial Management.
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Get KHDA-approved Certification
After the course completion, you will receive globally recognised credentials and KHDA-approved certification.
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Customisation Option
We customise the training option for the participants based on their level of skills and knowledge.
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Interactive Learning Opportunity
Our highly interactive training methodology offers an engaging and stimulating learning experience.
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Exam-oriented Coaching
We provide exam-oriented coaching that will help you get a passing score for the Public Financial Management Exam.
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Flexible Timing Option
Participants can choose a flexible timing option based on their convenience. They can also choose between weekend and weekday classes.
Areas Looking for PFM Specialists
Ministry of Finance
National Audit Office
Professional Accountancy Organizations
Professional Audit Organizations
NGOs who are planning to adopt IPSAS.
Universities
Academic Institutions
Prerequisites for joining the Public Financial Management Course
This training course is suitable for a wide range of professionals but will greatly benefit:
- Finance department personnel in the public sector.
- Department heads, directors, senior managers, managers, accountants, and financial professionals.
- Members of audit and advisory boards for public and private sector organisations.
- Consultants dealing with PFM reforms implementation & adoption.
- Senior budget holders and Policymakers.
- Faculty members and other academic financial management trainers.
- Corporate compliance officers.
- Accounting staff of the Ministry of Finance, National Audit Office, NGOs, associations, government agencies, ministries, departments, and local government entities considering adopting PFM reforms.
PFM Course Modules
- 1. Introduction to Public Financial Management
- a. PFM in the World
- b. PFM's Definition
- c. Role of the Budget in PFM
- d. The Budget Cycle
- e. Key Elements of PFM
- 2. PFM and Fiscal Policy
- a. Functions of Government
- b. Fiscal Policy
- c. Fiscal Responsibility & Reporting
- d. Design of Fiscal Policy
- e. Fiscal Risk Management Cycle
- 3. The Annual Budget
- a. A Political Exercise
- b. Technical Aspects of Budgeting
- c. Principles of Budget Preparation
- d. Budget Creditability
- e. Bottom-up Budgeting vs Top-up Budgeting Budget
- f. Preparation Process Budget Approval
- g. Suplemplementary Budget
- h. Appropriations of the Budget
- 4. MTFF & MTBF
- a. Medium Term Fiscal Framework
- b. Medium-Term Budget Framework
- c. Relation to Other Institutions
- 5. Revenue Analysis
- a. Tax Revenues vs Non-Tax Revenues
- b. Taxes to GDP
- c. Criteria of a Good Tax
- d. Tax Policy Process
- 6. Budget Execution
- a. Integration to PFM
- b. Budget Execution Cycle
- c. Budget Execution Controls
- d. Financial Management Information System (FMIS)
- 7. Cash Management
- a. Definition & Need for Cash Management
- b. Modern Cash Management
- c. Cash Rationing
- d. Advanced features of Cash management
- 8. Public Investment Management
- a. Infrastructure Governance
- b. Public Investment Efficiency
- c. PIMA framework
- 9. Fiscal & Financial Reporting
- a. Fiscal Reporting
- b. Budget Reporting
- c. Financial Reporting
- d. Statistical Reporting
- e. Cash Accounting to Accrual Accounting
- 10. Institutional Oversight of the Budget
- a. Oversight of the Executive
- b. Supreme Audit Institution
- c. Fiscal Councils
- d. Legislature
- e. Citizens/ Voters
- 11. PFM & Fiscal Transparency
- a. Importance of Transparency
- b. Lack of Transparency
- c. Transparency Standards
- d. Recommendations to Transparency
- 12. PFM Reforms Planning
- a. PFM Reform Strategy
- b. Performance Approach
- c. Implementation of FMIS
- d. Keys to Success
- 13. PEFA Secretariate
- a. Partnership Program
- b. Tool to measure PFM
- c. Goals of PEFA
How to Get PFM Certification?
Review & Ratings
FAQs
The Public Financial Management Exam consists of 25 questions that have to be completed within 60 minutes. A candidate needs to score 50% to pass this exam. Candidates can attempt this exam three times.
The candidate has to re-register along with fees to appear for the exam.
The four phases in the Public Financial Management Cycle are:
- Planning & Budgeting
- Budget Execution
- Accounting & Reporting
- Auditing, Governance & Oversight
PFM Course is built on conceptual and practical approaches in the field of Finance. Our PFM Course will help you master core concepts in Public Financial Management and help you get the best scores for the PFA exam. Our expert trainers will make you proficient in budgeting and auditing. Join us and take your career to new heights.
The following are the objectives of Edoxi’s Public Financial Management Training in Dubai,
- To make you capable of evaluating performance and providing insightful recommendations for improving the public sector.
- To help you stay updated with the global trends in public sector finance and its management.
- To impart knowledge of laws, regulations, and best practices in public financial management.