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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Understanding and Using this Act

Normative Measures For Financial Management

Phase 1 : Perfecting The Basics

10. Core competencies and skills required for financial management in the public sector

 

Against the background of the definition, aim and scope of financial management in the public sector, it is recognised that chief financial officers must be technically trained and proficient in at least the following subject areas :

Strategic management
Business planning and design
Performance measurement
Financial accounting (including principles of GAAP/GRAP)
Management accounting
Internal control
Internal and external audit
Information systems
Economy
Negotiation skills
Communication skills
Analytical skills

 

 


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