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

NQF Level 5, 10 Credits towards the Higher Certificate in Management. A Competency certificate can be earned, subject to successful completion of the POE/ Assessment in the specified period stipulated at the event. If a participant chooses not to complete the assessment, he/she will receive a certificate of attendance only

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

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

Our Accreditation Partner

In terms of the Higher Education Act, all courses and programmes offered by Business Schools resort under the Council on Higher Education’s Quality Committee (CHE QC) for assessment and quality-assurance purposes. All courses offered by STADIO are registered through the prescribed higher education processes and are subject to internal quality assurance processes as far as moderation, assessment and accreditation are concerned. When short courses are aligned to modules of formal academic programmes of  STADIO, or SAQA Registered Unit standards, they are credit-bearing short courses. This status is also described in the Criterion Guideline document for Short Courses” from SAQA