Question

provide Legal requirements Linking strategic and operational financial planning Costing of goods and services In-year management, monitoring & financial reporting

Answers Guidlines

Demonstrate an understanding of the PFMA (public finance management Act)

Apply rules and regulations to administration of office finance.

Explain the elements of income and expenditure statement.

Assist in planning and preparing a budget for own section.

Grasp the basic concepts and principles necessary for sound financial management;

Implement the requirements of the Public Financial Management Act (Act 1 of 1999);

Implement the treasury regulations;

Apply the principals of financial management approach to managing for results;

Prepare a budget;

Understand asset management;

Apply risk management principles; and

Apply the reporting principles.