United Kingdom
Join the elites

Reforms & Governance

Empowering Public Service Leaders: Mastering Public Financial Management (PFM) for Effective Governance
London, United Kingdom
Learning Outcomes:
Program Overview

At Thames Executive Education (TEE), we believe that effective governance begins with strong financial management. Our program equips public service leaders with the knowledge and skills needed to navigate the complex landscape of public financial management (PFM). Through a comprehensive curriculum, participants will gain insights into legal frameworks, budgeting, financial reporting, procurement, and debt management.

Objectives

  • Enhance the participants’ understanding of the legal and regulatory framework governing PFM.
  • Develop critical thinking and problem-solving skills related to PFM challenges.
  • Foster collaboration and knowledge sharing among senior public servants from different sectors.
  • Equip participants with the necessary skills and knowledge to effectively manage public finances and contribute to good governance.
Module1: Introduction to PFM and its Importance in Public Service
  • Define PFM and its key principles.
  • Understand the role of PFM in good governance and accountability.
  • Analyze the current PFM landscape in Nigeria and its challenges.
Module 2: Budgeting and Resource Allocation
  • Explore different budgeting frameworks and their application in the public sector.
  • Analyze techniques for effective resource allocation and expenditure control.
  • Discuss the importance of performance-based budgeting and its impact on service delivery.
Module 3: Financial Management and Reporting
  • Understand the fundamentals of public sector accounting and financial reporting.
  • Analyze the key components of IPSAS (International Public Sector Accounting Standards) and their impact on transparency.
  • Explore best practices for internal controls and risk management in PFM.
Module 4 : Procurement and Asset Management
  • Understand the legal and regulatory framework for public procurement in Nigeria.
  • Analyze different procurement methods and their suitability for various situations.
  • Discuss strategies for effective asset management and optimization of public resources.
Module 5: Public Debt Management and Fiscal Sustainability
  • Analyze the principles of responsible public debt management and its impact on fiscal sustainability.
  • Explore strategies for managing debt risk and ensuring long-term fiscal health.
  • Discuss the role of fiscal policy in achieving economic growth and development.
Module 6: Technology and Innovation in PFM
  • Explore the role of technology in transforming PFM practices and enhancing efficiency.
  • Analyze the potential of emerging technologies like blockchain and artificial intelligence in PFM.
  • Discuss strategies for implementing and managing technology-driven PFM initiatives.
Module 7: Case Studies and Practical Application
  • Analyze real-world PFM challenges and solutions through case studies from various countries.
  • Develop practical action plans for applying PFM principles in their respective work environments.
Related Programs
London, United Kingdom

Policy and strategic Leadership program

London, United Kingdom

Data Analysis for Senior Public Sector Finance and Accounting Professionals

Seasoned Executive Community
Join a Community of Seasoned Executives

Connect with a network of accomplished executives to share experiences, insights, and expertise, fostering growth and collaboration.