Introduction to Public Financial Management Explained | Summary Guide for Accounting Officers | PFM

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Public Financial Management (Or PFM) relates to how the resources available to the government are utilized and accounted for.
An accounting officer for a department must ensure that that government has and maintains effective, efficient and of financial and risk management and internal control.
The objective of Public Financial Management is to achieve value for money in meeting the goals of government through being transparent and complying with all relevant legislation.
Public Financial Management integrates all components in government and affects service delivery.
Public Financial Management relates to how available resources are managed in the government in an effective, effective and economical way.
Government should therefore safeguard the resources from abuse and misuse through implementing proper processes and being transparent.
One of the mandates of government is service delivery, and this is achieved through the effective and efficient management of finances and economical utilization of resources.
Therefore, there is a close inter-dependency between service delivery and financial management.
Better financial management = Better utilization of resources = Service delivery.
Reference
gsdrc.org/professional-dev/pu...
oag.treasury.gov.za/Publicati...
oag.treasury.gov.za/Publicati...
www.treasury.gov.za/legislatio...
In this video, we provide a summary to Public Financial Management:
0:00 Introduction
0:38 Welcome To Our Channel
1:05 Table of Contents
2:24 Other Related Videos
2:58 Defining Public Financial Management.
3:44 Objectives of Public Financial Management.
4:09 Segments of Public Financial Management
4:57 Concepts under Financial Management in the Public Sector.
6:19 General Responsibilities of an Accounting Officer in relation to:
10:14 How the financial management is linked to Service Delivery and Supply Chain Management.
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Disclaimer:
This publication and the information included in it are not intended to serve as a substitute for consultation with a professional. Specific issues, concerns and conditions always require the advice of an appropriate professional advisor. The use of the contained information is at the user's own discretion.

[@elenorecloete7400]

Good video, please post more I want to watch all your videos, very informative

[@ConsultKano]

Thank you, I will. Please keep a look out for for more videos

[@lolwetusobuza2391]

Your videos are soo informative guyz, Thanx

[@ConsultKano]

Our pleasure! Thanks for watching

[@bilaltelevision6339]

Thanks so much for good insight in public finance

[@ConsultKano]

Thank you for reaching out and providing us with your feedback. If you haven't already; please subscribe to our channel by clicking here www.youtube.com/@ConsultKano?sub_confirmation=1 , so that you don't miss out on future videos. And make sure that you check out our other videos under our channel.

[@suprisekhoza2955]

Thanks I'm looking forward to learn more

[@ConsultKano]

Thanks for watching & Thanks for the feedback. If you haven't already; remember to subscribe to our channel, so that you don't miss out on future videos.

[@andrewmayorakuot3346]

nice lectures videos. keep up good works. thanks

[@ConsultKano]

Glad you like them! Thanks for the feedback

[@Thepsify]

Do you have courses for Lawyers on PFMA and MFMA? Your videos are great and insightful

[@ConsultKano]

We currently don't offer any courses but we will take your proposal into consideration. BTW Also check out this video czcams.com/video/c3lOPQtB_b8/video.htmlsi=bbQOBEr7TArn4xJT

[@slowmotion7590]

Does your channel make videos related to public administration?

[@ConsultKano]

Hi please check out our introductory video on link ⏩️ czcams.com/video/FKYmRXmg0gM/video.htmlsi=S-9tSR1pCMXTFTaL

[@gracescopas6924]

which department or position can a person studied public financial management

[@ConsultKano]

Public finance is significant in all government departments and public entities because it ensures the proper management of funds in order to achieve public policy goals. With public finance one can work for all levels of governments including municipal, provincial, state, and international departments.

[@MswaziThenjekwayo-pn3pk]

What is the link between Public Financial management and Financial management systems?

[@ConsultKano]

This video will be published on 07 May 2023 around 10:00 am SAT. Please look out for it under our channel. If you haven't yet, make sure you are subscribed to our channel and that you have turned on the notification button.

[@sirdaura]

Thank you. Though your video is educative, it is however full of interruptive reminders and I have to say you tried but there is need to make it clearer.

[@ConsultKano]

We appreciate your feedback. Thank you for bringing this issue to our attention. We will work on fixing it on future videos.