Public sector financial management notes
What is optimal public financial management?
Optimal public financial management would additionally display flexibility that allows the targeted sectors to adjust easily and in the desired manner with the public sector induced changes. ACCA has identified four key objectives that effective public financial management should cover:
What is the role of Public Finance in macroeconomic management?
I. Role of Public Finance in Macroeconomic Management Long term strategic vision for the economy Learning from doing during implementation (targets, monitoring, feedback loops) Transparency and accountability over policies, spending and results II. What are the Objectives of Public Financial Management? Fiscal discipline
What are the objectives of financial reporting by public sector entities?
2.1 The objectives of financial reporting by public sector entities are to provide information about the entity that is useful to users of GPFRs for accountability purposes and for decision-making purposes (hereafter referred to as “useful for accountability and decision-making purposes”). 2.2 Financial reporting is not an end in itself.
What are the key objectives of effective public financial management?
ACCA has identified four key objectives that effective public financial management should cover: Fiduciary risk management - controls, compliance and oversight (Parry 2010). 1.
[PDF File]Preface to International Public Sector Accounting Standards
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6. This is intended to enhance the quality and transparency of public sector financial reporting by providing better information for public sector financial management and decision making. In pursuit of this objective, the IPSASB supports the convergence of international and national public sector
[PDF File]The Conceptual Framework for General Purpose Financial ...
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GPFRs encompass financial statements including their notes (hereafter referred to as financial statements, unless specified otherwise), and the presentation of information that enhances, complements and supplements the financial statements.
[PDF File]PRINCIPLES FOR PUBLIC FINANCIAL MANAGEMENT
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Session 1(a) – Public Financial Management Role of PFM In Macroeconomic Management and Fiscal Policy Objectives of PFM Key Characteristics of Prudent PFM Key Principles For Strategic Budgeting Budget Cycle Management Session 1 (b) – PFM Assessment and Reform Approaches Presentation Outline (afternoon) Session 2 – Local Government Debt Management
[PDF File]PUBLIC FINANCIAL MANAGEMENT TOPIC GUIDE
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Public financial management (PFM) is a central element of a functioning administration, underlying all government activities. It encompasses the mechanisms through which public resources are collected, allocated, spent and accounted for.
[PDF File]AN INTRODUCTION TO PUBLIC FINANCIAL MANAGEMENT - ACCA Global
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Public Financial Management (PFM) is concerned with aspects of resource mobilisation and expenditure management in the public sector (for definition of public sector please read ACCA's policy document 'Setting high professional standards for public services around the world' (2012)
[PDF File]International Public Sector Accounting Standards Board - IFAC
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Pronouncements Issued by the International Public Sector Accounting Standards Board This Handbook contains the complete set of the International Public Sector Accounting Standards Board’s (IPSASB’s) pronouncements on public sector financial reporting. References
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