Introduction to Public Financial Management


Poor financial management can seriously harm the successful delivery of a public service or project so the people involved in spending public money need to be well trained. The public sector is too diverse, however, for there to be a set of universal rules hence this course focuses on a set of principles that can be adapted to each context.
This practical, interactive course is based on the book, Financial Management and Accounting in the Public Sector.
This course provides you the necessary skills and knowledge to successfully manage the finances of a government ministry or other public sector organization.

Course Objectives

  • Understand the public finance management cycle.
  • Manage a budget for a project, service or organization.
  • Understand the sources of funding available to governments and their relative strengths and weaknesses.
  • Understand the importance of creating value for money and how to measure it.
  • Know when it makes sense to involve a partner in the delivery of a project or service, and how to get the best from the partner.
  • Know how to evaluate investments and projects.

Course Content

  • The context of managing public money
  • The public financial management cycle
  • Public sector budgeting
  • Taxation and other sources of income
  • Budget execution
  • Preventing fraud and corruption
  • Introduction to costing
  • Project appraisal
  • Public sector procurement
  • Public-private partnerships
  • Measuring performance and value for money
  • Financial reporting and accountability

Target Audience

Finance professionals, managers and elected officials in government ministries, local governments, hospitals, schools, police forces, or any other publicly-funded organization. People working in the private sector considering a move into the public sector.


Gary Bandy

Gary is a chartered public finance accountant whose career in local government finance culminated with three years as Director of Financial Services at Doncaster Metropolitan Borough Council. Since becoming an independent public financial management consultant in 2005, he has advised organizations in the charity sector, education, policing, local government and the private sector. He has particular expertise in outsourcing by public bodies.