Shiksha Samachar: Public Finance Management

Public Finance Management
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gunjan on 17/11/2010 13:19:00

Public Finance management course which are rated quite high in terms of  various
job opportunities and salary package, with a bright future in coming year in the
ever changing volatile economic scenario.

Public Finance Management
Public Finance Management : has particular importance for the financial managers
who manage the public bodies. This helps them to effectively and efficiently run
the organization without any hiccups.
A normal occurrence in Public Finance Management or in government projects is
the price-adjustment in the post contractual phase. This inefficiency arises due
to the commitment failure by the concerned organization. Organizations need
managers with a thorough understanding of public finance so that they can make
financial decisions and design and operate financial systems for collecting,
spending and accounting for public expenditure. Depending on which options you
choose, this programme will enable one to make decisions about investment
projects, when and how to use privatization and public-private partnerships, and
how to manage the financial relationships between national and sub-national
governments
Careers In Public Finance Management
Students of this programme will receive an invaluable preparation for high level
appointments in government, public services, international organizations and
NGOs.
Eligibility
You should either have a good degree in a social sciences discipline
(qualifications in other subjects will be assessed on their merits), or an
equivalent qualification and suitable relevant work experience.
Programme length : A minimum of one calendar year. Maximum registration of five
years.
Objective Of Public Finance Management:
1. Setting of goals, viability assessment, allocation of resources and fund
generation for the proposed project
2. Modernization of the financial management system of the public sector
entities
3. Increasing the accountability of the managers of public sectors
4. Ensuring timely disposal of quality projects
5. Elimination of corruption
Public Financial Management Course Structure Should Consist Of:
Public Financial Management: Planning & Performance
Public Financial Management: Revenue
Public Financial Management: Reporting and Audit
Project Appraisal and Impact Analysis
Privatisation and Public-Private Partnerships
Decentralisation & Local Governance
Public Financial Management (PFM) generally deals with :
Accounting Rules
Legal Compliance
Managerial Control