The new
Certificate in Public Financial Management (Cert PFM) qualification by ACCA
(the Association of Chartered Certified Accountants) is now available for
public sector employees and those looking to work in the sector in future.
The
global public sector is changing so it is critical that finance professionals
working in the industry can manage it. Whilst the ACCA Qualification is a
perfect fit for a career in the public sector, ACCA have developed the Cert PFM
to help support and build strong public financial management in response to
this demand from the industry.
Cert PFM
is designed to equip people with stronger and more relevant budgeting,
financial reporting and financial management skills specifically for the public
sector. Delivering practical and broad-based knowledge of public financial
management, the course covers the foundations of public sector finance and
ensures public sector employees have a core understanding of what is involved
in using essential information for those in public sector careers.
The
course is built around the public financial management cycle including:
· Planning
and budgeting
· Budget
execution
· Accounting
and reporting
· Audit,
governance and oversight
Cert PFM
includes both an online course and an assessment and it takes approximately 40
hours to complete.
Sajjeed
Aslam, head of ACCA Pakistan said, “We work with public sector organisations in
Pakistan and across the globe to develop the accountants the fast-changing world
needs – accountants who will help to build better societies, economies and
nations. Many public sector organisations look to us to keep their teams
up-to-date and future ready. They recognise the power of our qualifications and
support, both for now and in the future. And this new qualification is another
example of our commitment to this important sector.”
Judith
Bennett, director of professional qualifications said, “We’re delighted to now
offer the Cert PFM qualification worldwide. Given the pace of change and size
of expenditure in the public sector, it’s critical that those working in the
sector have the right skills to deal with the challenges ahead. We have
developed this qualification in response to demand from the public sector and
to help support and build strong public financial management. ACCA believes
public finance professionals play a role as key enablers and supporters of
innovation throughout the public sector.”
Alex
Metcalfe, head of public sector policy adds, “ACCA has a long history of
involvement in developing the finance profession that the public sector needs.
Our 67,000 members and students working in the public sector organisations
around the world demonstrates that the ACCA Qualification is fit for the public
sector, but our capacity building work highlighted a need for introductory
training in PFM. This new Cert PFM will meet that demand and provide public
sector employees with the foundations required to excel in the public sector.”
Cert PFM
is suitable for new entrants to the public sector, as well as staff with
practical experience but without formal professional qualifications, and
professional accountants moving into the public sector from the corporate
sector or professional practice.
For
those that already hold a professional qualification, Cert PFM can be a
valuable source of continuing personal development (CPD) for members, offering
an opportunity to top up existing competencies with specific knowledge and
skills around public financial management.
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