Public Sector Accounting and Finance (PSAF)

Categories: ICAN, Skills
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About Course

Public Sector Accounting and Finance (PSAF) introduces students to the fundamental principles and practices of financial management in government and public sector organizations. This course explores the legal and regulatory frameworks guiding public sector accounting in Nigeria, emphasizing transparency, accountability, and stewardship of public resources.

Learners will gain insights into how public funds are budgeted, recorded, managed, and reported, including the use of IPSAS (International Public Sector Accounting Standards). This course is essential for anyone looking to understand how public entities manage finances differently from private businesses.

What Will You Learn?

  • The structure and role of government and public sector entities in Nigeria
  • Legal and regulatory frameworks governing public sector finance
  • The nature, purpose, and features of public sector accounting
  • How budgeting and budgetary control work in the public sector
  • Application of IPSAS and other accounting standards for the public sector
  • Revenue generation, expenditure control, and fund management by government entities
  • Preparation and interpretation of public sector financial reports
  • The importance of accountability, transparency, and good governance in managing public funds

Course Content

1. Introduction to Business and the Business Environment
This module serves as the cornerstone for aspiring Chartered Accountants pursuing the ICAN Foundation program. The A1 – Business, Management, and Finance (BMF) course equips students with essential knowledge and skills in key areas of business operations, management practices, and financial principles.

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