Overview
Expenditure refers to the payment of a sum of money by an organization, arising from a valid commitment or obligation. Payments may arise from procurement activities, such as the purchase of goods and services. Payments may also arise from non-procurement activities, such as payment of salaries. The proper authorizing and recording of expenditures is a key component of financial controls.
The Expenditure Management Course is designed to introduce participants to the expenditure process and provide them with the skills and knowledge necessary to efficiently record expenditures. In addition, participants will learn how to effectively control expenditure costs through the use of proper financial controls.
Course Objectives
- Introduce the Expenditure process
- Learn how to efficiently record expenditures
- Understand how the FreeBalance Accountability Suite™ facilitates the expenditure process
Course Content
- Creating Expense Vouchers
- Generating Reports related to Expenditures
Target Audience
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
- Policymakers
| Dates | On Demand |
|---|---|
| Length | 0.5 days |
| Pace | Self Paced |
| Fees | $50 (Introductory Price) |
| Language | English |
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Purchasing encompasses all activities related to the acquisition of goods, services, and works. A good purchasing and public procurement system ensures that the needs of the end-users in organizations are met while maximizing value-for-money. Because most organizations implement its mandate through contracting third-party providers, an efficient purchasing system that enforces sufficient internal controls and that promotes transparency and ease of audit is key to government operations.
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General Ledger
This course provides a general overview of the features and benefits of using General Ledger in an integrated environment and focuses on how General Ledger integrates with other functional areas in the FreeBalance Accountability Suite.
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Budgeting and Appropriations
Executing a fiscal budget is a crucial responsibility of any government. To ensure that spending stays within the approved limits, various budget controls are put in place during the budget execution phase. The Budgeting and Appropriations course trains government officials in these vital expenditure controls.