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PFM1 – Public Sector Accounting

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PFM1 - Public Sector Accounting

Course Features

Course Details

PFM 1: PUBLIC SECTOR ACCOUNTING

4.1.1. LEARNING OUTCOMES: On completion of the module, students will be able to:
  1. Explain the objectives of Public Sector Accounting;
  2. Distinguish between Public Sector Accounting and Commercial Accounting;
  3. Explain and apply Accounting Bases and Standards;
  4. Apply the Legal and Institutional Framework for Government Accounting;
  5. Account for Revenue and Expenditure; and
  6. Explain the structure of the Chart of Accounts.
4.1.2. MODULE UNITS AND WEIGHTINGS
Unit Title Weight %
1 Introduction to Public Sector Accounting 10
2 Accounting Bases and Principles 20
3 Regulatory and Institutional Framework for Public Sector Accounting 20
4  Revenue and Expenditure Accounting 30
5 Chart of Accounts 20
4.1.3. COURSE CONTENT UNIT 1: INTRODUCTION TO PUBLIC SECTOR ACCOUNTING
  • Unit Topics:
  • 1.1 Public Sector Accounting
  • 1.2 Differences between Private and Public Sector Accounting
  • 1.3 Structure of the Public Sector
UNIT 2: ACCOUNTING BASES AND PRINCIPLES
  • Unit Topics:
  • 2.1 Components of Public Sector Institutions
  • 2.2 Public Sector Financial Management
  • 2.3 Accounting Principles and Policies
  • 2.4 Cash Basis of Accounting
  • 2.5 Accrual Basis of Accounting
UNIT 3: REGULATORY AND INSTITUTIONAL FRAMEWORK FOR PUBLIC SECTOR ACCOUNTING
  • Unit Topics:
  • 3.1 Legislation governing Public Sector Accounting
  • 3.2 Institutional Framework for Public Sector Accounting
UNIT 4: REVENUE AND EXPENDITURE ACCOUNTING
  • Unit Topics:
  • 4.1 Definition of Revenue
  • 4.2 Sources of Revenue
  • 4.3 Definition of Expenditure
  • 4.4 Uses of Funds (Types of Expenditure)
  • 4.5 Accounting for Revenue and Expenditure
  • 4.6 Appropriation Accounts
  • 4.7 Management of Accountable documents
  • 4.6 Treasury Management and Payment Systems
UNIT5: CHART OF ACCOUNTS
  • Unit Topics:
  • 5.1 Purpose of Chart of Account
  • 5.2 Characteristics of the Chart of Accounts
  • 5.3 Classification of Functions of Government
  • 5.4 Government Revenue
  • 5.5 Government Expenses 5.6 Government Assets
  • 5.7 Government Liabilities
  • 5.8 Net Assets
4.1.4 The Examination Paper Format:
Structure of the Paper Marks
Section A: 1 Compulsory question of 40 marks  40
Section B: Any 3 out of 4 questions, 20 marks each  60
TOTAL 100
The candidates will be allowed fifteen (15) minutes reading time. 4.1.5 Recommended Readings: ZICA PFM 1 Study Materials
This course does not have any sections.

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Comments

  1. Lloyd hachibozu: May 27, 2018 at 7:23 pm

    1. I need to buy the study manual for PFM1 and 2 ..I want to sit for exams in December.. Are they available?
    2. Do I have to pay for registration when I want to do public sector financial management when I’m already an active member of Zica?

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