Quotations are hereby invited for the following: Provide Public Finance Management Act Training. Scope of work: Delegates: - Be familiar with key South African macroeconomic issues, and public financial management legislation, State Treasury Regulations, and the Public Finance Management Act; - Understand the weaknesses of traditional public finance management systems and the vision of the Public Finance Management Act; - Understand public finance management terminology and concepts; - Be familiar with the financial planning and budgeting system of the State; - Be aware of new and old management principles, approaches, and paradigms; - Be able to differentiate and apply various financial planning and budgeting techniques such as: Medium Term Expenditure Framework, zero-based budgeting, incremental budgeting, programme budgeting, and performance budgeting; - Be able to manage budget, cash-flow projections, and variance analysis successfully; - Be able to interpret and develop public financial management reports such as: income and expenditure statement, budget, MTEF format, cash-flow projection, variance analysis, assets register, program budget, performance budget, and balance sheet; - Be aware of cost-effectiveness and cost-efficiency financial management concepts; - Be familiar with key principles of successful contract and tender management; - Be familiar with the concepts of financial decentralization, cost-centres, and delegations and; - Be aware of public finance management success and failure factors; - Demonstrating an understanding of the key concepts of managerial finance; - Interpreting financial statements; - Drafting financial forecasts; - Drafting budgets according to operational plans of the unit; - Supervising the financial management of a unit against given requirements; - Explaining the concept of budgeting pertinent to an area of responsibility; - Determining the elements of a budget relevant to an area of responsibility; - Monitoring and controlling actual expenses (and revenue), against projected budget. (Tender №97959658)