Why Attend This Training Course?

This comprehensive training course focuses on the conceptual framework of GFS as presented in the IMF's Government Finance Statistics Manual, as well as on the practical aspects of data compilation. The course will also look at basic concepts, accounting principles, accounting rules (including accrual accounting), valuation, classification, debt, balance sheets, and the sources and methods used for compiling the statistics. It also deals with reporting data to the IMF. Central to the course is a series of case studies.

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What Is The Training Course Methodology?

ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.

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Who Should Attend This Training Course?

The training course is designed for Employees of financial departments and heads of departments in the budget, accounts and technical competent departments of planning and statistics.

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What Are The Training Course Objectives?

• Understand the government's financial system

• Secure information in accordance with the classification of the International Monetary Fund

• Deepen the knowledge in how to apply it on the public finances of governments in countries that applied in this category

• How to shift from the traditional governmental financial system into the Modern International Monetary Funds 

• Improve the government's financial system by securing data and information

• Acquire new methods of storage and handling

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What Is The Training Course Curriculum?

Basic concepts about state budget and International Monetary Fund (IMF)

• Introduction of the general budget of the state

• Government budgets

• Government unity

• Financial coverage

• General budget of the government structure

Application Needs for an Integrated Government Financial System

• Public resources

• Overhead

• Steps necessary for each country to shift from the traditional to financial system, according to the IMF classification, includes several phases:

• Persuasion stage

• Political Stage

• Planning stage

• Application stage

• Legislation stage

• Implementation phase

• Identify the starting point

Different Accounting Basis in Government Accounts, in accordance with Classifications of IMF

• Cash Basis (Pros and Cons)

• Average cash basis (Pros and Cons)

• Trade-off between the reliance on cash basis or accrual basis

• Criteria that are taken into consideration when taking mainly cash and accrual

Accounting Treatment and Analytical Framework

• Accounting Treatments for some of the Government Budget on an Accrual basis

• Debates

• Interest on the documents

• Consumption of fixed capital

• Analytical framework to data from the government budget

• Balance the budget

• Data analysis

• Practical application

Classification and Tabulation of the State Budget to the General Revenue

• Part I: Taxes

• Part II: Grants

• Part III: Other income

• Part IV: Proceeds lending and sales of financial assets

• Part V: Borrowing and the issuance of securities other than the name

• Part VI: Purchase of non-financial assets or investments

• Part VII: acquisition of the domestic and foreign financial assets

• Part VIII: repayment of local and foreign loans

Correlations in Government's Financial System, according to the IMF and the National Economy for Calculations

• National Economic Accounts (Frame and Concepts)

• Correlations between the government's financial system and the system of national economic accounts

• Workshops on how to apply the classification of government finances and the tab according to the classification of IMF

• Prepare a simulation of how to implement the government's financial system, according to the IMF classification models

ACAD Professional Certificate - APC

ACAD Training & Consulting uses the power of its network to bring about positive, tangible change. We champion the training courses profession and the interests of individuals, engaged in that profession, for the benefit of all. ACAD Professional Certificates are designed for those who are enthusiastic to challenge themselves to reach the extra mile. Participants who fully attend an APC course and successfully pass the exam on the last training day, will receive an ACAD Professional Certificate (APC). APC are regionally recognized and can be esteemed when applying for more senior roles in Egypt and MENA region.

Exam Details:
Duration: 1 hour | Multiple Choice | Closed book | Pass mark: 65%