Public Financial Management (PFM) refers to the practice of managing public funds by governments. The practice aims to make it transparent, as well as effective with accountability and efficiency. The practice involves activities to plan, monitor, implement and report public expenditures and revenues by budgeting, financial reporting, procurement, and auditing.
A certification in Public Financial Management attests to your skills and knowledge in managing public sector finances. The certification assess you in budget preparation, expenditure control, and fiscal policy implementation.
Why is Public Financial Management certification important?
The certification validates your skills and knowledge of managing public finances.
Increases your credibility in public administration.
Boosts your career prospects.
Validates your knowledge of budget planning and financial reporting.
Attests to your knowledge of international PFM standards.
Verifies your skills in resource allocation and fiscal accountability.
Makes you stand out from competitors in job market.
Who should take the Public Financial Management Exam?
Public Finance Officers
Budget Analysts
Government Accountants
Financial Controllers in Public Sector
Fiscal Policy Advisors
Auditors in Public Institutions
Procurement Managers
Treasury Managers
Development Program Managers
Financial Consultants for Government Projects
Skills Evaluated
Candidates taking the certification exam on the Public Financial Management is evaluated for the following skills:
Public budgeting
Financial reporting and analysis.
Fiscal policy
Public debt management.
Contract management.
Assess financial risks
PFM software and tools.
Audit principles
Public-private partnerships and funding
Financial forecasting.
Ethics
Public Financial Management Certification Course Outline
The course outline for Public Financial Management certification is as below -
Domain 1 - Introduction to Public Financial Management
Importance of PFM in governance
Principles and objectives of PFM
Domain 2 - Budgeting and Expenditure Management
Budget formulation and approval processes
Managing public expenditures and cost controls
Domain 3 - Revenue Management
Taxation systems and revenue collection
Non-tax revenues and alternative funding sources
Domain 4 - Public Procurement
Principles of procurement and contract management
Ensuring transparency in public procurement
Domain 5 - Financial Reporting and Analysis
Standards for public sector accounting
Interpretation of financial statements
Domain 6 - Auditing and Internal Controls
Role of audits in public finance
Risk assessment and fraud prevention
Domain 7 - Fiscal Policy and Public Debt Management
Development of fiscal policies
Public debt instruments and management strategies
Domain 8 - Use of Technology in PFM
PFM information systems and tools
E-governance and financial transparency
Domain 9 - International Standards and Best Practices
Global frameworks for PFM (e.g., IMF, World Bank)
Case studies on successful PFM reforms
Domain 10 - Ethics and Accountability in Public Financial Management