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Asset and Inventory Management, Financial Control and Accountability in the Public Sector

Asset Management is a responsibility of all managers within an organisation. Good asset management is critical in any business environment and more so in the public sector, particularly as some of the significant assets are infrastructure assets with long life spans and enormous capital outlay that are vital to providing a foundation for economic activity.

According to Section 45 of the PFMA, an official in a department, trading entity or constitutional institution must ensure that the system of financial management and internal control is properly carried out. However, in order to meet these objectives and render the best possible service to all stakeholders, delegates need to gain clarity on areas of responsibility for the effective use of public money and assets.

“Improving the asset management function is difficult – it is not like some things, which you do for three months and that’s the project done, and you move on to the next one. Asset Management is a commitment over a number of years and Improvements should not be seen as a “nice thing to do”. They should be based on sound commercial reasons” Phil Upshell

Course Outcomes

  • Discussing your Asset Strategy
  • Highlighting Key Considerations in Asset Control
  • Understanding the Asset Control Chain of Accountability
  • Applying Integrated Planning and Budgeting
  • Determining Key Elements of Financial Control and Accountability
  • Assessing Key Elements of Financial Control and Accountability
  • Discussing an Integrated Model of Financial Control

Who Should Attend?

  • CFO’s and CEO’s
  • Chief Directors
  • Accountants
  • Internal Auditors
  • Logistics Managers
  • Development Directors
  • Administration Managers
  • Operations Managers
  • Inventory Controllers
  • Asset Managers and Directors and Controllers
  • Deputy Chief Directors
  • Financial Controllers
  • Municipal Managers
  • Business Strategists
  • Corporate Services Managers
  • General Managers
  • Risk Advisory Managers

Accreditation

After successful completion of this 5-day course including the assessment and POE, you may earn credits towards the formal qualification presented by STADIO. NQF Level 5 or NQF Level 6

This workshop is aligned to the following unit standard(s)

  • SAQA US 116362, Manage a Municipality’s Assets and Liabilities

 

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Date

May 27 - 31 2024

Time

8:30 am - 4:30 pm

Local Time

  • Timezone: America/New_York
  • Date: May 27 - 31 2024
  • Time: 2:30 am - 10:30 am
Category

Speaker

  • Colin Botha
    Colin Botha
    B Admin Public and Municipal Administration

    Colin worked for the Free State Provincial Government for almost 20 years. He was the Head of the Procurement Office in the Treasury and responsible for training in Supply Chain Management (SCM) of all Departments in the Free State. Colin was at Free State Treasury where he was responsible for the SCM implementation controlling and evaluating procurement and the provisioning of administrative assistance with regards to the compilation, advertisement and conclusion of tenders amongst others. He is a well-known facilitator and presented courses on Procurement, Contract Management, Asset Management and Logistics Managements amongst others to National, Provincial Departments and Municipalities. He also assisted in the updating and development of the training manuals for al SCM and Asset Management courses.

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