Public Sector Accounting and Finance
Public Sector Accounting and Finance
Aim
Candidates are expected to:
Understand the activities/services in the public sector environment, legislative and
financial frameworks as well as the accounting practices required to ensure
accountability in the sector;
Identify the nature of public sector organizations and their objectives, the role and
significance of accounting standards, the structure of government, and key aspects
of legislations in public sector accounting; and
Understand the concept of public goods and how the government finances and
optimally provides these goods.
Main competencies
On successful completion of this paper, candidates should be able to:
Understand the concepts and frameworks of public sector accounting;
Understand the roles, duties and powers of officers and various organs in the
public sector;
Understand basic principles of public sector financial management;
Assess and evaluate the economic environment and role of the public sector in
the economy;
Evaluate ethical and emerging issues in the public sector; and
Evaluate the performance of each level of government and government entities in
public finance management.
Detailed syllabus
A Regulatory and conceptual frameworks of public sector accounting
1. The constitutional and regulatory frameworks of public sector accounting
(a) Discuss the importance of the constitutional, legislative and regulatory
contexts of Public Sector Accounting with specific emphasis on:
(i) The constitutional provisions on revenue, revenue allocation and
public expenditure (federal, states and local governments);
(ii) The provisions of the Finance (Control and Management) Act of
1958 (as amended); and
(iii) Financial regulations for Federal and State Governments and
financial memoranda for Local Government Councils.
(b) Discuss the provisions of:
(i) Fiscal Responsibility Act, 2010 in relation to:
The medium term expenditure framework (MTEF)
The annual budget (computational question may be
examined)
Budget execution and achievement of targets
(computational question may be examined)
Savings and assets management;
Transparency and accountability and
English
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What you will learn
- Understand the concepts and frameworks of public sector accounting
- Understand the roles, duties and powers of officers and various organs in the public sector
- Understand basic principles of public sector financial management
Rating: 1
Level: All Levels
Duration: 10 hours
Instructor: ICAN Online Tutors
Courses By: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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