Public Financial Management

PURPOSE OF COURSE

This course presents the strategies for managing funds as one of the major tasks of a school head. The success of any school programme depends very much on the way the financial inputs are managed and this, in turn, affects the overall performance of each school. It discusses some of the basics of financial management and, in particular, the principles and practices of accounting, school finances and sources of school funds as well as school budgeting and how to draw up a plan for securing and expending the resources. School managers need to have some knowledge and experience of designing and managing a budget and how to mobilize financial resources. The course proposes a basic framework and mechanisms of financial management. The sixth part is about expending and accounting for school funds. In the seventh part, we will analyse the objectives and types of school accounts auditing and discuss the stages in the process involved and ideas on maintenance of tangible resources.

EXPECTED LEARNING OUTCOMES

By the end of the course unit students should be able to;

• Explain the concepts of financial resource management.
• Discuss the knowledge and skills of financial resource planning and control.
• Describe the basic principles and practices of financial resource management and accounting.
• Describe skills of budgeting and budgetary control.

·         Explain the basic knowledge of projects and skills of projects management