Public Financial Management (PFMA and MFMA)
About this course

Overview

An audit finding is usually the visible end of a control that stopped working months earlier. This covers budgeting and in-year financial management under the PFMA and MFMA, and the daily disciplines that keep a department or municipality out of those findings.

What you will be able to do

Learning outcomes

  • Apply PFMA and MFMA requirements in practice
  • Build and monitor a departmental budget
  • Manage spending and reporting in-year
  • Identify and close control weaknesses
  • Prepare for audit and address findings
What the course sets out to do

Course objectives

  • Explain the PFMA and MFMA frameworks
  • Prepare and manage budgets
  • Run in-year financial management
  • Strengthen internal controls
  • Reduce audit findings and irregular expenditure
Course content

Modules

01

PFMA and MFMA Framework

The legislative basis and responsibilities for public financial management.

02

Budgeting

Preparing, motivating, and approving departmental budgets.

03

In-Year Management

Monitoring spending, reporting, and managing variances.

04

Internal Controls

Financial controls that prevent errors and irregular expenditure.

05

Compliance and Reporting

Meeting statutory reporting and accountability requirements.

06

Audit Readiness

Preparing for audit and responding to and clearing findings.

Who it is for

Target audience

Public sector finance officers, accounting officers, budget managers, and departmental managers.

Before you start

Prerequisites

A public sector finance, budgeting or internal control role.

Ready to register?

Secure a seat for Public Financial Management (PFMA and MFMA), or ask us anything first.