This module is designed to provide candidates with the technical knowledge and skills required to perform straightforward ﬁnancial reporting responsibilities within the public sector.
On completion of this module, candidates will acquire competencies sufﬁcient to enable to:
(A) Outline the key characteristics of the public sector budgeting, execution, accounting and reporting
(B) Describe, explain and apply the Framework for General Purpose Financial Reporting by Public Sector Entities. (C) Describe and explain the key features of tools used in assessing the quality of public ﬁnancial management systems, example Public Expenditure Financial (PEFA) Framework.
(D) Identify and explain appropriate accounting policies for both cash and accrual bases in the public sector.
(E) Prepare ﬁnancial statements, notes, and extracts for public sector entities in line with generally accepted accounting practices.
(F) Evaluate ﬁnancial position, performance, and prospects of public sector entities using ﬁnancial reports and other information. (G) Explain and apply the rules and procedures in public procurement
(H) Describe the various public sector ﬁnancing initiatives including public-private partnership and public-public partnerships
Remember: You will get the Examination Analysis Document (MAY 2020) Examination Sitting