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Short Learning Programme
on
The Principles of the Public Finance Management Act (PFMA) and related Treasury Regulations
National Treasury approached North West University, Unit for Continuing Education (UCE) Mafikeng, to assist with the presentation of Principles of the Public Finance Management Act (PFMA) and related Treasury Regulations to empower those entrusted with Financial Management Responsibilities.

Purpose of the course:

• Provide Public Finance and related Treasury Regulations training to senior officials in the Provincial Government Departments ( more specifically the North West Provincial Government)

Admission requirements:

Admission requirements: 
3 years working experience in the field of finance
Learning assumed to be in place: 
Learners should be competent in English and have the basic knowledge as contained in the PFMA and related treasury regulations.

Course outcomes and assessment criteria :

Course outcomes and the associated assessment criteria: 

Study Unit

Outcomes

Assessment Criteria

  After completion of this course, participants will: Participant will be assessed on the following criteria:
Module 1 (US 114873):  Apply Basic Financial Procedures to PFMA Principles: Proposed NQF Level 5
  1. Demonstrate an understanding of the PFMA.

ASSESSMENT CRITERION 1 

Explain the principles, rules and regulations of the PFMA

(Proposed 3 Credits)

At the end of the learning cycle the learners will demonstrate knowledge and understanding of:

  • Rules and regulations of PFMA
  • Benefits of PFMA
  • Planning and Budget cycle
  • PFMA accountability and responsibility
  • Keeping records of Income and Expenditure
  • Receipt and expenditure vouchers
  • Income and expenditure statement
  • Sources of Income
  • Plan and prepare a budget
  • Monthly expenditure reports
  • Balance sheet
  • Assets And liabilities

ASSESSMENT CRITERION 2 

Describe the benefits of the PFMA

ASSESSMENT CRITERION 3 

Clarify the planning and budget cycle

ASSESSMENT CRITERION 4 

State the specific roles in financial administration

ASSESSMENT CRITERION 5 

Explain the responsibility and accountability of the PFMA

2. Apply rules and regulations to administration of office finance.

budget for own section

 

ASSESSMENT CRITERION 1 

Implement the rules and regulations pertaining to the mission accounts

ASSESSMENT CRITERION 2 

Maintain income and expenditure records and registers

ASSESSMENT CRITERION 3 

Complete the Processing of financial claims to DFA prescripts

ASSESSMENT CRITERION 4 

Apply knowledge of methods of payment and exchange rate of currencies

ASSESSMENT CRITERION 5 

Prepare expenditure and receipt vouchers

3. Explain the elements of income and expenditure statement  

ASSESSMENT CRITERION 1

Explain the purposes of an income and expenditure statement and give an indication of what the PFMA requirements are

ASSESSMENT CRITERION 2

Identify sources of income and expenditure in a mission office

ASSESSMENT CRITERION 3 

Explain Sources of income and expenditure with reference to an income and expenditure statement

ASSESSMENT CRITERION 4 

Examine and evaluate income and expenditure statements in terms of PFMA principles

4. Assist in planning and preparing a budget for own section  

ASSESSMENT CRITERION 1 

Estimate monthly income and expenditure for own section

ASSESSMENT CRITERION 2 

Compile motivation for the draft estimates

ASSESSMENT CRITERION 3

Monitor personnel expenditure to inform future estimates

ASSESSMENT CRITERION 4 

Compile monthly expenditure reports

ASSESSMENT CRITERION 5 

Develope skills in preparing a 1st /2nd budget report

ASSESSMENT CRITERION 6 

Render Assistance in compiling the MTEF

5. Analyse a basic balance sheet

ASSESSMENT CRITERION 1

Explain the purpose of a balance sheet

ASSESSMENT CRITERION 2 

Discuss  the concept of an asset in a balance sheet and classify assests in terms of fixed or current assets

ASSESSMENT CRITERION 3 

Delibarate on  the concept of liabilities in a balance sheet and classify them in terms of long term and current liabilities

Module 2 (US 377913    

Demonstrate an understanding of Public Finance Management Act (PMFA) and related Treasury Regulations: Proposed NQF Level 5  (Proposed 15  Credits)

At the end of the learning cycle the learners will be able to:

  • Mandates of National and Provincial Treasuries
  • Roles and Responsibilities for:

- Accounting Officers

- Public Entities

  • Treasury Regulations
  • Planning and Budgeting
  • Revenue
  • Expenditure

- Irregular

- Unauthorised

- Fruitless

- Wasteful

  • Banking and Cash Management
  • Specific Concepts

- Virements

- Rollovers

- Transfer of Functions

  • Asset Management
  • Liability Management
  • Internal Audit
  • Risk Management
  • Strategic Planning
  • Performance planning
  • Reporting Responsibilities
  • Supply Chain
  • Financial Management Process

- Delegation of Authority

- Financial Misconduct

1. Formulate linkages between the Constitution and the PFMA and explain the roles and responsibilities of the relevant treasuries. 

ASSESSMENT CRITERION 1

Examine the relationship between the Constitution and the PFMA and identify the roles of relevant treasuries in accordance with the relevant prescripts of chapter 13 of the Constitution

ASSESSMENT CRITERION 2 

Discuss Banking, cash management and investment frameworks as prescribed in the relevant sections of the PFMA and Treasury Regulations

ASSESSMENT CRITERION 3 

Expaciate on Delegations by the national and provincial treasuries in accordance with the PFMA and Treasury Regulations

ASSESSMENT CRITERION 4 

Explain expenditure and use of funds in relation to circumstances when expenditure may take place before an annual expenditure is passed and when funds may be used in emergency situations

ASSESSMENT CRITERION 5 

Determine the roles and responsibilities of relevant treasuries as they relate to annual budgets and relevant revenue funds

2. Determine the implications of strategic planning, annual performance planning and budgeting in departments, constitutional institutions and public entities

ASSESSMENT CRITERION 1 

Discuss Strategic and annual performance planning in terms of related processes and content of the plans. 

ASSESSMENT CRITERION 2 

Explain the importance of monitoring and evaluation processes in terms of determining progress against strategic and annual performance plans

ASSESSMENT CRITERION 3 

Determine the purpose and implications of specific concepts as they relate to budgeting

3. Demonstrate an understanding of different arrangements and measurements in terms of the PFMA. 

ASSESSMENT CRITERION 1 

Describe revenue, expenditure, asset and liability (REAL) management as provided for in the PFMA and Treasury Regulations

ASSESSMENT CRITERION 2

Differentiate  between finance and operating leases taking cognisance of relevant Treasury Regulations and Practice Notes

ASSESSMENT CRITERION 3 

Explain the differences between types of expenditure to reflect what is unauthorised, irregular, fruitless and wasteful expenditure

ASSESSMENT CRITERION 4 

Discuss concepts, processes and structures within the relevant chapters of the Treasury Regulations and sections of the PFMA in terms of their implications on auditing

ASSESSMENT CRITERION 5 

Clarify the general and reporting responsibilities of accounting officers and authorities entrusted with financial management as they relate to governance and accountability

ASSESSMENT CRITERION 6 

Discuss Financial management processes and concepts to reflect their definition and impact in accordance with the PFMA and Treasury Regulations

 

Method of assessment: 
Summative: • Class tests/examination at the end of the SLP • Assignments Formative: • Group projects/Individual assignments • Case studies

Additional information

L53 100 1
Mode of delivery: 
Contact
Target group: 
Individuals responsible for the finance section/directorate of a government department.
Contact us
Name: 
UCE
E-mail: 
Telephone number: 
018 285 2821