Public Financial Management

Derek Hendrikz Consulting Presents:

Public Financial Management

Duration: 3-days
Max. Participants: 20
Facilitators: 1
NQF Level: 5
Total Credits: 12
SETQAA Accreditation: Services SETA – Decision Number 2072

About the workshop:

The Public Financial Management programme is designed to give participants the necessary knowledge and skills in
order to understand and implement basic financial management principles within the Public Sector.
The following areas are covered during the programme:
• Principles of healthy Public Financial Management • Managing inventory
• Debt Management in the Public Sector • Managing cash resources
• Working Capital Management Policy • Key concepts of Budgeting
• Managing accounts receivable

The workshop outcome:

On completion of this workshop the participant should have a basic understanding of public financial management
concepts.

SETQAA Accreditation:
Competence in the unit standard below will award the learner 12 credits towards the National Diploma in Public Finance
Management and Administration (ID: 49554).
Unit Standards: Unit Standard Number: Credits:

Conduct working capital management activities in accordance with sound financial 119331 12
management policy.

Participants will be assessed on the following specific outcomes:

1. Using the working capital management policy applicable to the public finance management and administration.
2. Using financial information to inform working capital decisions.
3. Managing accounts receivable.
4. Managing inventory.
5. Managing cash resources.

Copyright © 2005-2009 Derek Hendrikz Consulting cc (1997/060793/23) 1

Tel: 012 567 2824 E-mail: hello@derekhendikz.com URL: www.derekhendrikz.co.za
 Public Financial Management
Training methodology:
The methodology is based on interactive learning, i.e. learners will learn by doing. Furthermore learners will use examples
from their own environments, thus ensuring that the learning is anchored at their workplace. Most of the interactive
learning will take the form of simulated exercises and case studies where participants will demonstrate the skills taught.
As with all DHC training programmes, we strive to effect actual change back at the workplace through effective and
practical outcomes based training.

Programme:
Time: Day 1: Day 2: Day 3:
08:00-10:00 Introduction to Public Financial Managing cost Working with Budgets
Management
10:00-10:30 Convenience Break
10:30-12:30 Debt Management in the Public Managing inventory Principles of Healthy Public
Sector Financial Management
12:30-13:30 Lunch
13:30-15:00 Working Capital Management Managing cash resources Practical Application – putting
Policy skills into action
15:00-15:15 Convenience Break
15:15-16:00 Day Review Day Review Day Review & Programme
Evaluation

Who Should Attend?

Public Senior & Middle Managers. Public servants who work with finance.
Supervisors. Any person who is interested in the management
Public Financial Managers. of public finance.

Day 1:
Introduction to public financial management:
Understanding public financial management. Accrual accounting.
The general ledger. Principal financial statements.

Debt management in the public sector:

Debt management policy. Long-term liabilities.
Current liabilities.

Working capital management policy:

Capital management policy. The income statement.
Financial capital improvements. Operating expenses.
Capital budgeting. Operating income.
Revenue forecasting.

Copyright © 2005-2009 Derek Hendrikz Consulting cc (1997/060793/23) 2

Tel: 012 567 2824 E-mail: hello@derekhendikz.com URL: www.derekhendrikz.co.za
 Public Financial Management

Day 2:
Managing cost:
Introduction to cost accounting. Controllable & uncontrollable cost.
Determining full cost. Standard cost.
Fixed vs. variable cost. Manufacturing cost.

Managing inventory:
Inventory management policy. Relationship between financial management and
Procurement policy. inventory management.

Managing cash resources:

The cash flow cycle. Measuring financial leverage.
The cash flow statement. Measuring productivity.

Day 3:
Working with budgets:
Budgets, forecasts and projections. Budget allocation.
Budgeting cost. Zero-based budgeting.
The budget process. Target-based budgeting.
Budgetary analysis. Outcome-based budgeting.

Principles of healthy public financial management:

Political behaviour & financial policy. Reengineering financial management.
Ethical issues in public finance management. Financial performance monitoring.

Practical Application – putting skills into action:

Here the learner will use workplace problems and examples to apply the knowledge taught during the programme.

Derek Hendrikz Consulting cc:

(1997/060793/23)

Tel: 012 567 2824

Fax: 012 543 3292
E-mail: hello@derekhendrikz.com
URL: www.derekhendrikz.co.za
P. O. Box 14557, Sinoville, 0129, South Africa.

Beyond Comparison!

Copyright © 2005-2009 Derek Hendrikz Consulting cc (1997/060793/23) 3

Tel: 012 567 2824 E-mail: hello@derekhendikz.com URL: www.derekhendrikz.co.za