One-Day Practical Training Programme for Government Officers
Master Financial Regulations and Strengthen Financial Management in Public Sector Organizations
Financial Regulations (FR) form the foundation of public financial management in Sri Lanka. Every government officer involved in finance, administration, procurement, stores management, asset management, and project implementation must have a sound understanding of Financial Regulations to ensure accountability, transparency, and proper utilization of public funds.
This practical training programme provides participants with a comprehensive understanding of Financial Regulations and their application in day-to-day public sector operations.
More Details
Phone: 0777889838
Why Financial Regulations are Important
Financial Regulations are designed to safeguard public resources and ensure that government funds are utilized efficiently, economically, and in accordance with established laws and procedures.
Failure to comply with Financial Regulations can result in:
- Audit queries and adverse audit reports
- Financial losses
- Disciplinary action
- Surcharges and recoveries
- Procurement irregularities
- Weak internal controls
- Mismanagement of public funds
Understanding Financial Regulations helps officers perform their duties confidently while ensuring compliance and accountability.
Who Should Attend?
This programme is ideal for:
- Accountants
- Chief Accountants
- Administrative Officers
- Internal Auditors
- Procurement Officers
- Finance Officers
- Directors
- Project Officers
- Management Assistants
- Store Keepers
- Revenue Officers
- Local Government Officers
- Provincial Council Officers
- University Administrative Staff
- State Corporation Officers
- Ministry and Department Officials
Learning Objectives
Upon completion of the programme, participants will be able to:
- Understand the structure and purpose of Financial Regulations
- Apply Financial Regulations in daily operations
- Improve financial control systems
- Manage public funds responsibly
- Prevent financial irregularities
- Address common audit observations
- Strengthen governance and accountability
- Ensure compliance with government financial requirements
Course Content
Introduction to Financial Regulations
- Purpose and Importance of Financial Regulations
- Legal Framework of Public Financial Management
- Responsibilities of Public Officers
- Accountability and Stewardship
Financial Management Responsibilities
- Duties of Accounting Officers
- Responsibilities of Chief Accounting Officers
- Financial Delegation and Authority
- Internal Control Responsibilities
Revenue Management
- Collection of Government Revenue
- Revenue Recording Procedures
- Deposit Requirements
- Revenue Control Mechanisms
- Prevention of Revenue Leakages
Expenditure Control
- Authorization of Expenditure
- Payment Procedures
- Verification and Certification
- Financial Approval Processes
- Control of Public Expenditure
Cash Management
- Handling Cash and Cheques
- Cash Books and Records
- Cash Verification Procedures
- Bank Reconciliation
- Cash Security Measures
Imprest Management
- Advances and Imprests
- Settlement Procedures
- Accountability Requirements
- Common Errors and Risks
Procurement and Financial Regulations
- Procurement Responsibilities
- Procurement Controls
- Tender Procedures
- Payment Verification
- Procurement Audit Issues
Stores and Inventory Management
- Stores Procedures
- Inventory Control Systems
- Stock Verification
- Disposal Procedures
- Preventing Losses and Waste
Fixed Asset Management
- Asset Acquisition
- Asset Register Maintenance
- Asset Verification
- Asset Disposal Procedures
- Responsibility for Public Property
Internal Controls and Risk Management
- Financial Control Systems
- Segregation of Duties
- Risk Assessment
- Fraud Prevention Measures
- Monitoring and Supervision
Audit and Compliance
- Common Audit Findings
- Responding to Audit Queries
- Compliance Monitoring
- Documentation Requirements
- Best Practices for Audit Readiness
Financial Discipline and Accountability
- Financial Misconduct
- Losses and Recoveries
- Surcharges
- Disciplinary Procedures
- Responsibilities of Officers
Common Financial Regulation Issues Discussed
Participants will learn how to avoid common weaknesses such as:
- Unauthorized expenditure
- Poor documentation
- Revenue collection deficiencies
- Cash handling weaknesses
- Delayed bank reconciliations
- Improper asset management
- Procurement irregularities
- Unsettled advances and imprests
- Audit observations and compliance failures
Practical Areas Covered
The programme includes practical discussions and examples on:
- Financial approval procedures
- Payment processing
- Cash book maintenance
- Revenue management
- Asset control
- Procurement controls
- Audit readiness
- Internal control assessments
Benefits of Attending
Participants Will Learn How To:
✔ Apply Financial Regulations correctly
✔ Improve financial accountability
✔ Strengthen internal controls
✔ Reduce audit observations
✔ Prevent financial irregularities
✔ Improve compliance with government requirements
✔ Protect public resources effectively
✔ Enhance professional competence and confidence
Why Choose PRAG Institute?
PRAG Institute has been providing professional training programmes for government institutions, public enterprises, universities, provincial councils, and local authorities for many years.
Our programmes are designed by experienced practitioners and focus on practical implementation, real-life examples, audit concerns, and current public sector challenges.
Frequently Asked Questions
Is this programme suitable for non-finance officers?
Yes. Administrative officers, procurement officers, project officers, and managers can greatly benefit from understanding Financial Regulations.
Will audit-related issues be discussed?
Yes. The programme includes extensive discussions on common audit observations and how to avoid them.
Is this training relevant to local authorities and provincial councils?
Absolutely. The principles and requirements discussed apply across public sector institutions.
Will practical examples be included?
Yes. Real-life scenarios and case studies are used throughout the programme.
Register for the Financial Regulations (FR) Training Programme
Develop a strong understanding of Financial Regulations and strengthen financial management, accountability, and compliance within your organization.
Contact PRAG Institute
Phone: 0777 889838
Email: info@pragservice.com
Website: www.pragservice.com