ACC 285

ITEM DESCRIPTION

Course Title Financial Management & Control in Public Sector

Course aim The course aims at imparting students with knowledge and skills on financial
management and control in the public sector. The overall emphasis is on the
relevant concepts, theories and practices surrounding public financial management
and accountability

Course expected At the end of the course, the students should be able to:
learning
1. Explain the structure, objectives, users and regulatory framework of public
outcome(s)
sector accounting
2. Identify and describe various types of government revenue and
expenditure and prepare their related financial reports
3. Explain different budgeting approaches and prepare budgets
4. Describe the role and importance of audit in the public sector
5. Select appropriate procurement procedures in public sector organisations

Course status Core

Credit rating 12

Total hours 120

spent

Course Content 1. Structure of the Public Sector

 Central Government
 Local governments
 Parastatal organizations
 Others
2. Public Sector Accounting
 Objective of public sector financial reporting
 Users of financial reports and their information needs
 Financial information reported by public sector entities
 Fund accounting: nature, objectives and classes of funds
3. Regulatory Framework of Public Sector Accounting
 Public Finance Act 2001 and its related regulations
 Local Government Finance Act 1982 and its related regulations
 International Public Sector Accounting Standards (IPSAS)
  Local Authorities Accounting Manual
 Cooperative Societies Act 1991
4. Accounting for Government Revenue and Expenditure
 Classification of government revenue and expenditure
 Revenue Sources for Local Government and Central Government
 Officers and organs involved in Government Financial Reporting
and Accountability
 Revenue Administration
 Expenditure Management
 Government financial reports

5. Accounting for Decision Making

 Cost concept
 Classification of costs
 Application of cost information for managerial decisions
6. Budgeting and Budgetary Control in the Public Sector
 Importance of budgeting
 Approaches to budgeting
 Central and Local Governments budgeting processes
 Virement
 Performance evaluation
7. Public Sector Auditing
 Importance of audit in the public sector
 Internal and external auditing
 Independence of auditor
 Internal control structure in the public sector
 Value for Money Audit (VFM)
8. Public Procurement
 Objectives and institutional framework of public procurement
 Procurement Cycle
 Methods of procurement as per PPA (2004)
 Tendering procedures

9. Intergovernmental Fiscal Transfer and Central- Local Relations

 Objectives and Forms of transfer
 Issues for the design of intergovernmental transfers
 Intergovernmental fiscal relations (LGFR) and transfers
Facilitator Topics/activity Week

1. Mr Oscar Topics 1,2 and 3

Mchaki

2. Dr Joseph Kiria Topics 5, 6 and 7

3. Mr Emmanuel Topics 4, 8 and 9

Mtui

ASSESSMENT

Mr Oscar Mchaki Individual assignment

10%

Topics examined: 1-3

Dr Joseph Kiria/ Mr 1) Group assignment

Oscar Mchaki 10%

Topics examined: 5-7

(Dr Kiria’s topics)

2) Test 1

Topics examined
1,2,3,5,6, and 7 (Mr
Mchaki and Kiria’s
topics)

Dr Joseph Kiria/ Mr Test 2

Oscar Mchaki/Mr Mtui
ALL topics