ACCA Certificate in Public Financial Management (CertPFM)

Program Overview

Public financial management determines how effectively governments raise, allocate, spend and account for public money. This programme covers the full PFM cycle: fiscal policy and medium-term fiscal frameworks, budget preparation and programme-based budgeting, budget execution and treasury management including the treasury single account, procurement, internal control and internal audit, public debt management, accounting and reporting, and external scrutiny by supreme audit institutions. Participants use diagnostic tools such as the PEFA framework and the IMF Fiscal Transparency Code and examine reforms under way in Gulf countries, including spending efficiency programmes, fiscal sustainability efforts and medium-term budgeting.

Learning Outcomes

• ✓Describe the stages of the PFM cycle and the institutional roles of finance ministries, line ministries and audit bodies.
• ✓Develop a medium-term expenditure framework summary linking fiscal targets to sector ceilings.
• ✓Prepare a programme-based budget submission with objectives, outputs, outcomes and performance indicators.
• ✓Evaluate cash and commitment control arrangements, including treasury single account practices.
• ✓Apply selected PEFA indicators to assess the strength of a PFM system and prioritise reforms.

Target Audience

• Budget and treasury officers in ministries of finance
• Finance directors in line ministries and government authorities
• Public sector auditors and internal control specialists
• Policy analysts working on fiscal reform

Detailed Program Modules

Training Methodology

Applied Project & Assessment