CGFM Course 3, Governmental Financial Management and Control (2024 version)

This course covers various financial management functions and controls required of government financial managers, including internal control, auditing, performance measurement, financial analysis techniques and specific financial management practices used in government. It is designed for accountants, auditors, budget professionals and controllers in government as well as academics and other professionals who have an interest in government. It is particularly appropriate for newly hired professionals and those studying for their CGFM exams.

Learning objectives:
Upon completing this course, you will have an understanding of:

• the basics of cash management and investment management;
• managing credit programs and collecting government debts;
• procurement in government;
• inventory and supply management systems;
• financial management systems;
• applying various financial and managerial analysis techniques;
• objectives of internal control, including GAO and COSO objectives;
• considerations and risks involving internal control;
• how to apply internal controls;
• the responsibilities of management and auditors for internal control;
• components of internal control;
• evaluating internal controls;
• objectives and uses of performance measures;
• elements and characteristics of performance measures;
• types of government audits and their objectives;
• standards for auditors and audits;
• the responsibilities of management and auditors in the audit process;
• components of the Single Audit Act.