Public Financial Management Act
Public Financial Management Act
13 May 2021
R 5106.00
Brief Description
The short course in Public Financial Management provides you with the requisite insights to the implementation and implications of the Public Finance Management Act (PFMA) of 1999 (as amended) on your role as middle or senior financial manager in the public sector.
The course specifically covers various topics of the basic concepts and principles required for sound public financial management in order to comply with National Treasury regulations, to execute effective reporting and to apply the necessary performance requirements for strategic planning and budgeting, expenditure classification, performance measurement, asset and risk management, as well as internal control for financial accountability.
Learning Outcomes
After completion of this short course, delegates will be able to
  • understand the basic concepts and principles necessary for sound financial management
  • comply with the requirements of the Public Financial Management Act
  • comply with the Treasury Regulations
  • apply the principals of financial management approach to managing for results
  • apply the performance requirements for financial management, and
  • apply the principles of effective reporting.
The course is practical and interactive and delegates will be afforded an opportunity to share and discuss experience and/ or challenges of implementing the PFMA and TRs in the work environment.
Course Content
The course covers the following:
  • Introduction to financial management 
  • Financial framework applicable to public officials
  • Strategic planning and budgeting  Strategic planning
  • Costing
  • Expenditure classification
  • Performance measurement
  • Asset management
  • Risk management
  • Internal control
  • Payment processes
  • Supply chain management
  • In-year management, monitoring and reporting
  • Financial reporting and accountability 
  • Definitions
Entry Requirements
National Senior Certificate (Grade 12/Matric)
Course Number:
Catalogue and Category:
Public Administration and Management
Who Should attend:
The course is aimed at anyone who requires a working knowledge of the PFMA.
Delivery Mode:
Contact Sessions
Contact Days: