Public Sector Accounting

On completion of this module, candidates will acquire competencies sufficient to enable them to:

• Outline the key characteristics of the public sector budgeting, execution, accounting and reporting
• Describe, explain and apply the Framework for General Purpose Financial Reporting by
  Public Sector Entities.
• Describe and explain the key features of tools used to assess the quality of public financial management systems, for example, the Public Expenditure Financial (PEFA) Framework.
• Identify and explain appropriate accounting policies for both cash and accrual bases in the public sector.
• Prepare financial statements, notes and extracts for public sector entities in line with generally accepted accounting practices.
• Evaluate public sector entities’ financial position, performance and prospects using financial reports and other information.
• Explain and apply the rules and procedures in public procurement
• Describe the various public sector financing initiatives, including public-private partnerships and public-public partnerships