developing expertise and building capacity/media/files/training... · 2019-08-15 · 2 CIPFA Developing expertise and building capacity: International Public Financial Management

International Public Financial Management (IPFM) programme for the UN

developing expertise and building capacity

CIPFA | Developing expertise and building capacity: International Public Financial Management (IPFM) programme for the UN2

We are operating in a complex global landscape for public financial management (PFM) and the pace of change is significant.

Rob Whiteman FCPFA Chief Executive, CIPFA

Like the UN, public service organisations across the globe are now facing considerable challenges. Not only is there an ever-growing demand for greater transparency and accountability but there are increasing standards and expectations around external and internal audit. International Public Sector Accounting Standards (IPSAS) are also being more widely adopted.

Though fundamentally positive, there’s no doubt these challenges are placing new demands on finance staff, and there has never been a greater need for world-class PFM education and training. Specifically, training that creates a professional cadre of finance staff who are agile, adaptable and highly skilled.

The Chartered Institute of Public Finance and Accountancy (CIPFA) is uniquely positioned to support, and work with the UN to develop your finance staff. We are the only professional accountancy body specialising in the public sector in the world, whilst our Royal Charter and charitable status mean that we exist for the public good – this is in fact, our guiding organisational principle.

Our International Public Financial Management (IPFM) programme is completely unique in its scope and focus and we’re looking forward to supporting your finance staff as they begin their studies.

To ensure that we provide the highest level of specialist support, we have a dedicated team who oversee all training provision across the UN. Please don’t hesitate to get in touch regarding the IPFM programme and any further training and development needs you may have: [email protected]

welcome

Developing expertise and building capacity: International Public Financial Management (IPFM) programme for the UN | CIPFA 3

The programme – the only one of its kind focused on public service finance – aims to update the development needs, skills, competency, education and experience of UN finance staff. It creates a class standard in financial skills development and prepares individuals for taking on the roles of future finance managers and leaders.

As a CIPFA programme, it also provides participants who complete the requirements of the programme with a comprehensive and internationally recognised certification in the technical competencies needed for different roles, duties and degrees of seniority at the UN.

CIPFA and the UN have worked together since 2013. As part of its commitment to professionalising its finance function and improving its financial management performance, the UN has to date nominated over 1,600 staff from across 18 agencies to take part in the CIPFA IPFM programme.

working in partnership

Enabling poor rural peopleto overcome poverty

CIPFA's training programme provided a great opportunity to enhance my technical knowledge in the area of financial accounting. The content provides a good ground for accounting techniques and budgeting. I am thankful to my employer for investing in its staff and providing this opportunity for high quality training.Anne-Laure Lameyre, Budget and Finance Assistant, Family, Women and Children's Health

CIPFA is unique as it focuses on public service like the IPSAS standards. I have enjoyed all the modules I have studied so far and learnt a lot. Modules covered include management accounting with costing techniques, financial accounting with IAS standards, financial management with ratios, business and change management with projects and procurement, audit and assurance. Frederick Loirat, Finance Officer, Department of Finance


IPFM programme

The International Public Financial Management (IPFM) programme is delivered entirely online and is made up of four distinct qualifications.

PRACTICAL EXPERIENCE REQU

IREMEN

TS

Strategic Public Finance Strategic Case Study

Public Sector Financial Reporting

Audit and Assurance

Financial Management

Business and Change Management

CPFA MEMBERSHIP QUALIFIED ACCOUNTANT

Governance, Public Policy and Ethics

Public Finance

Strategy and Policy Development

Company Financial Reporting

Advanced Diploma in International Public

Financial Management

Diploma in International Public Financial Management

Certificate in International Public Financial Management

Professional Qualification in International Public Financial Management

Financial Accounting Management Accounting

The qualifications are taken sequentially, starting with the Certificate in International Public Financial Management. Students can only progress to the next qualification once they have completed the one prior.

Each qualification prepares students to receive an award that has value in its own right. Those who successfully complete all four qualifications will be able to apply for their internationally recognised Chartered Public Finance Accountant (CPFA) designation.

The table below illustrates this progression and the modules covered in each qualification, while the table overleaf offers a full breakdown of the topics covered. It also shows the estimated number of hours each module will take to complete. These include teaching hours, revision and personal study time.


To learn more, visit: www.cipfa.org/ipfm

Professional Qualification in International Public Financial Management

Strategic Public Finance (108 hours) � Sources of public finance � Service integration strategies � Finance leadership � Performance evaluation � Business cases

Strategic Case Study (108 hours) � Critical evaluation � Decision making � Integration � Leadership � Professional judgement

Advanced Diploma in International Public Financial Management

Governance, Public Policy and Ethics (84 hours) � Governance and ethics � Government structures and ideologies � Policy making processes � Public, private and not for profit sectors � Transnational public policy making

Public Finance (48 hours) � Public expenditure and revenues � Public borrowing, debt and management of the economy � Taxation

Strategy and Policy Development (60 hours) � Stakeholder engagement � Competitive advantage � Collaboration strategies � Organisational configuration

Company Financial Reporting (120 hours) � IFRS application � Financial statements preparation � Group accounts � Interpreting financial statements

Diploma in International Public Financial Management

Public Sector Financial Reporting (108 hours) � Financial reporting frameworks � Public services financial statements � Consolidated accounts � Interpreting financial statements

Audit and Assurance (60 hours) � Risk assessment � Audit testing � Audit evidence � External and internal audit

Financial Management (108 hours) � Financial management, financial institutions

and sources of finance � Treasury management � Investment appraisal, risk management, � Pricing, Working Capital Management

Business and Change Management (60 hours) � Commissioning and Procurement � Contract management � Project management � Change implementation

Certificate in International Public Financial Management

Financial Accounting (96 hours) � Professional ethics � Accounting concepts � Double-entry bookkeeping � Introductory financial statements

Management Accounting (84 hours) � Management information � Costing methods � Costing applications � Budgeting


CIPFA does not require students to have a degree in accountancy to study the IPFM programme but they must have a high school diploma or equivalent. If students do not meet this requirement, they can undertake the IPFM programme if they are 21 or over and have over three years’ relevant work experience and the support of their employer.

entry requirements

pricing

Below are the prices for the qualifications that make up the IPFM programme. They are shown in USD and include all learning materials, tuition and exam fees.

Certificate in International Public Financial Management $2,820

Diploma in International Public Financial Management $3,500

Advanced Diploma in International Public Financial Management $3,500

Strategic Level – Professional Qualification $2,840

Students may be exempt from certain exams if they have achieved relevant qualifications in the last decade from an institute of higher learning or if they hold an active membership with a professional awarding body.

To learn more, visit: www.cipfa.org/ipfmexemptions

exemptions


online examinations

All of the IPFM examinations are undertaken using CIPFA Assessment, an online platform that enables students to sit their exams either at home or their place of work. The exams can be invigilated by ProctorU, which monitors exams through students' webcams and microphones or by a member of staff at the student’s place of work.

Key features: � Choice and flexibility over where exams are taken

� Access to unlimited exam practice tests

� Quicker marking, real-time quality assurance, faster exam results

� No interruptions during exams due to internet speed

� Simple to use – no third party software necessary

� Improved security and improved user experience for all students

To learn more, visit: www.cipfa.org/exams

online learning

The IPFM programme is delivered entirely online via CIPFA’s virtual learning environment, CIPFA Learning. Through this platform, we create a flexible, interactive and high quality learning experience for all our students, irrespective of their location in the world. Students can study at their own convenience and pace, but with full tuition support.

Key features: � Access to all workbooks, revision and assessment materials

� Support from tutors

� Networking opportunities with student peers through online discussion forums

� Pre-recorded classes and videos on demand

� Live web classes


practical experience

Students who wish to complete all four IPFM qualifications and apply for their Chartered Public Finance Accountant (CPFA) designation will need to show that they have acquired appropriate and sufficient practical experience to demonstrate competence in the role of a professional accountant.

To fulfil this requirement, students, with support and input from their employers, will need to complete a CIPFA Portfolio, an online log of workplace experience and evidenced skills and behaviours.

Students who intend to apply for their CPFA designation should maintain and add to their CIPFA Portfolio throughout each of the four qualifications and submit it at the end of the programme.

To learn more, visit: www.cipfa.org/portfolio

employer support

For students who would like added support from their employer as they progress through the IPFM programme, we offer the Employer Portal. Accessed via the CIPFA website, it is available to training managers and line managers (who are nominated by students) and is designed to enable employers to track their students’ progress and development through every stage of the programme.

Key features: � Consolidated reporting for all training activities

� Simple-to-use, in one convenient place

� Real-time information including participation in web classes, assessments, exam results, exemptions and more

� A one-stop-shop for all key documents


additional training opportunities

In addition to the IPFM programme, CIPFA offers a range of professional development opportunities for UN staff wishing to specialise in specific areas, from IPSAS standards and good governance to finance skills for non-finance managers. All are delivered online using CIPFA’s virtual learning environment, CIPFA Learning.

Qualifications in International Public Sector Accounting Standards (IPSAS)IPSAS are a set of accounting standards issued by the IPSAS Board for use by public sector organisations around the world in the preparation of financial statements. Having helped drive and shape the standards, CIPFA has designed a Certificate (Cert IPSAS) and Diploma (Dip IPSAS) offering comprehensive knowledge of the published standards and guidance on applying them.

To learn more, visit: www.cipfa.org/ipsas

Qualifications in Financial Crime Investigation and ManagementNamed in the UK Government’s Anti-Corruption plan as having a key role to play in combatting corruption in the UK and overseas, CIPFA has developed the International Certificate in Financial Crime Investigation (ICFCI) and the International Diploma in Financial Crime Management (IDFCM). Both courses focus on internationally recognised financial crime typologies and the global frameworks designed to help counter them.

To learn more, visit: www.cipfa.org/icfci and www.cipfa.org/idfcm

Risk Management This course equips delegates with the knowledge and skills to factor risk management into all operations, decision making and planning. It covers the fundamentals of good practice and approaches to risk management, internal control and risk audit. The content covered ranges from operational risk identification and assessment to risk monitoring and reporting.

To learn more, contact: [email protected]

Certificate in Management Practice This course has been specifically designed for those who have financial responsibilities but little, if any, formal training. Using public sector-specific case studies and delegates’ own examples, this practical course focuses on key financial documents such as balance sheets, income and expenditure, accounts and budgets. It aims to help delegates improve the financial performance of their team and organisation and is an ideal foundation for those interested in further professional study, for example the IPFM programme.


Executive Training Programme in Good GovernanceDesigned for senior UN leaders, this intensive course explores the drivers for, and underpinning principles of, good organisational governance. Delegates will be equipped with the confidence and knowledge to deploy key concepts and to use organisational governance information to assure themselves and stakeholders of their organisation’s effectiveness and efficiency. They will also be able to direct the development and management of effective governance systems and to oversee their operation.



CIPFA membership

From the moment students begin their IPFM programme they become CIPFA student members, gaining access to a wide range of resources designed to support their learning journey and ongoing professional development.

becoming a chartered public finance accountant (CPFA)

For students who wish to complete all four qualifications, the IPFM programme can lead to the CPFA (Chartered Public Finance Accountant) designation, the global gold standard for professional PFM that is recognised by governments, donors and public finance professionals around the world.

To learn more, visit: www.cipfa.org/join

To learn more, visit: www.cipfa.org/memberbenefits

CIPFA is a fantastic source of support and guidance. Members have access to online learning resources such as newsletters, publications and journals, as well as access to a large network of fellow professionals. As a result I feel I have my finger firmly on the pulse of public service finance.Ranjit Solomon, Senior Finance Manager, Public Health England

Online resourcesFree access to over 12,000 online resources including videos, checklists, e-journals and e-books.

Expert publications Free access to knowledge and technical commentary from public finance experts.

News and opinionSign up for the latest public finance news, analysis and opinion from the UK and around the world.


CIPFA was established in 1885 and is the only professional accountancy body and member of the International Federation of Accountants (IFAC) that specialises in the public sector.

We were a founder member of IFAC, the International Accounting Standards Board (IASB) and Accountancy Europe (formerly the Fédération des Experts Comptables Européens (FEE)). We are also a registered UK charity with a UK Royal Charter – a marker of our pre-eminence in the field of public sector finance and accounting.

Working closely with the UN and other international bodies including the World Bank, the International Monetary Fund, the European Commission and the UK’s Department for International Development, CIPFA is responsible for the education and training of professional accountants and for their regulation through the setting and monitoring of professional standards.

We are the awarding professional body for the CPFA (Chartered Public Finance Accountant) qualification, the global gold standard for professional PFM.

Our members work for public service bodies, in national audit agencies and major accounting firms across the globe and are widely respected for their high technical and ethical standards, and professional integrity.

In addition to our professional qualification, we provide a comprehensive range of advisory, information, training and consultancy services to public service organisations and constantly strive to meet the specialist and complex needs of public finance professionals.

Totalmembers

and students in Europe

15,510Total

members and students

in America

457

Totalmembers

and students in Asia

1,279

Totalmembers

and students in Africa

1,835Total

members and students in Australasia

154CIPFA

operates in

178countries

about CIPFA

Registered office: 77 Mansell Street, London E1 8AN

T: +44 (0)20 7543 5600 F: +44 (0)20 7543 5700 www.cipfa.org

The Chartered Institute of Public Finance and Accountancy. Registered with the Charity Commissioners of England and Wales No 231060

Registered with the Office of the Scottish Charity Regulator No SCO37963

08/2019

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developing expertise and building capacity/media/files/training... · 2019-08-15 · 2 CIPFA Developing expertise and building capacity: International Public Financial Management