Financial Courses

FAC 01

Contents

Sound Public Finance Management and Control
To maintain efficiency and effectiveness in public organizations, those at the helms of affairs of management must be prudent, frugal, transparent and accountable to their respective duties. This programme is packaged to devise measures of ensuring financial accountability and prudent allocation and utilization of resources. The course is also designed to adopt current innovations in the field of public financial management.

For Whom
Accountants, auditors, administrative officers, store officers and internal auditors.

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• meaning and scope of public finance
• division of public finance issues
• present and past reform agenda
• introduction to sound financial management in the public sector
• financial control
• procurement process and bureau of price intelligent unit (BPIU).

FAC 02

Contents

Fraud Prevention, Investigation and Prosecution
Fraud, by unethical staff or dishonest citizens, represents an ever present threat to the integrity of an organization. The threat comes in many forms, from petty pilfering of small amounts of money to massive frauds involving billions of Naira. Whilst the cancerworm is often difficult to eradicate completely, it has been discovered that using a range of techniques, it can be prevented, detected, investigated and ultimately controlled by serious minded, accountable and transparent government. This course is therefore designed to expose participants to various approaches and techniques to prevent, detect and investigate fraud generally and adopt fair stages of prosecution.

For Whom
The course is designed for middle and management staff of finance and accounts, audit and store departments.

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• an overview of transparency, accountability and probity in governance
• impact of fraud in good governance
• model for enhancing professional standards
• techniques and fundamental principles used by experienced fraud investigator
• the key elements of fraud legislations
• human resources systems and management aspects of combating fraud
• the role of audit offices and forensic accountants
• key elements of a fraud investigation
• the risk from computer based fraud.

FAC 03

Contents

Fundamentals of Modern Internal Auditing
With the complexity and volume of government transactions, as well as the preponderance of sharp practices and fraud in the system, new tactics, practices, responsibilities, tasks, concepts and approaches of internal auditing have to be taught and passed to the internal auditors for them to cope with the modern trend and development.

For Whom
Internal auditors, particularly those in the public sector – federal and states, who need to develop modern skills in the internal audit functions in order to combat the common fraud and corruption in the system.

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• internal audit administration
• empirical internal audit standards
• human aspects of internal auditing
• risk analysis
• internal control
• computer-assisted auditing

FAC 04

Contents

Effective preparation of Government final acounts including Transcripts
The course is to update all accounting and internal audit staff in the public sector with the latest in government accounting, principles and practice and use such professional knowledge to propel the current reform agenda toward its objectives.

For Whom
All accounting, internal audit staff and store officers in ministries, agencies and parastatals.

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• public sector financial management
• highlights of financial regulations and recent extant circulars
• financial regulations as a tool for accounting control in public sector
• public sector accounting standards
• expenditure management and control
• internal audit function
• the new procurement act (2007).

FAC 05

Contents

Financial Rules, Regulations and Best Practices in the Management of Public Fund
The program is to expose participants to financial management rules, regulations and best practices in public service.

For Whom
Middle and top management staff from accounts, audit supplies, admin and PRS departments.

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• concepts of public financial management
• integrated financial management information system
• code of good practice on fiscal transparency
• financial rules and regulations
• sources and accounting for government revenue
• expenditure management and controls
• the accounting system
• debt management
• performance measurement and evaluation.

FAC 06

Contents

Effective Budget Preparation, Implementation and Monitoring.
Government Budgeting is a core planning function designed to direct effort streamline activities and provide basis of control and evaluation of public resources and funds. It is also an important tool for organization effectiveness and service delivery and its implementation must be effectively controlled and monitored to achieve the desired results. The course is designed to equip the participants with the knowledge skills and attitude required to effectively carryout budget preparation, implementation and monitoring.

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• Evaluation of Government Budgeting in Nigeria
• Policy and legal obligations under the fiscal responsibility Act and procurement Act
• Budgetary Procedure
• The Budget process
• Medium term Expenditure strategy (MTES)
• Monitoring and Evaluation of Budget performance
• Value for money Audit
• Computer application in Budgeting Process and Budget Report writing.

FAC 07

Contents

Cash Management and Bank Reconciliation for Finance and Accounting Officers
Cash is one of the scarce resources and the life bond of an individual or any organization to run effectively. The management of this scarce resource determines the effectiveness of an entity. The knowledge of this important ingredient determines the quality of any manager, in the running of the affairs of an organization.The course is designed to assist managers especially those in charge of finances of an organization to understand the fundamentals of cash management and how to reconcile their banks accounts regularly.

For Whom
Directorate officers in the finance and accounts departments, budget and financial officers, as well as internal auditors

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• fundamentals of cash management
• advance book keeping
• methods of bank reconciliation and accounting information system

FAC 08

Contents

Store and Inventory Management
To be successful in today’s dynamic environment, any business entity requires an efficient management of its stock of inventories. Various inventory methods have to be used to make sure that customers’ demands are met as and when due.

For Whom
All officers in store, audit and procurement departments.

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• introduction to basic principles in store and inventory management
• methods of managing and controlling stores
• ways of improving quality and response time
• re-order level
• methods of reducing cost associated with store and inventory management.

FAC 09

Contents

Value for Money Audit
In all procurements, contracts and project execution, there is need to ascertain that there is value for money spent. The appropriate auditing approach will be covered in this course.

For Whom
The course is suitable for all government and private sector auditors.

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• in-depth procedures as stipulated in International Audit Standards
• best practices in procurement, contract and project management
• government practices and guidelines
• transparency and compliance
• use of computers to enhance modern auditing.
• 3 E's of value for money.
• cost & benefit analysis.