This module is designed to provide candidates with the technical knowledge 
and skills required to perform straightforward financial reporting 
responsibilities within the public sector. 

On completion of this module, candidates will acquire competencies sufficient to enable to: 

(A) Outline the key characteristics of the public sector budgeting, execution, accounting and 
reporting 
(B) Describe, explain and apply the Framework for General Purpose Financial Reporting by 
Public Sector Entities. 
(C) Describe and explain the key features of tools used in assessing the quality of public 
financial management systems, example Public Expenditure Financial (PEFA) Framework. 
(D) Identify and explain appropriate accounting policies for both cash and accrual bases in 
public sector. 
(E) Prepare financial statements, notes and extracts for public sector entities in line with 
generally accepted accounting practices. 
(F) Evaluate financial position, performance and prospects of public sector entities using 
financial reports and other information. 
(G) Explain and apply the rules and procedures in public procurement 
(H) Describe the various public sector financing initiatives including public-private partnership 
and public–public partnerships 
 

                                        SYLLABUS COVERAGE                                                                  WEIGHT (%) 
(A) Public sector financial reporting in Ghana                                                                             15 
(B) Conceptual Framework for General Purpose Financial 
 Reporting by Public Sector Entities.                                                                                              15 
(C) Public Financial Management Systems. e.g. Public 
 Expenditure and Accountability (PEFA) Framework                                                                   10 
(D) Accounting policies for both cash and accrual bases in public sector                             10
(E) Preparation of financial statements for public sector entities 
 in line with generally accepted accounting practices                                                                20
(F) Evaluate financial position, performance and prospects of 
 public sector entities using financial and other information                                                    10
(G) Rules and procedures in Public Procurement                                                                        10 
(H) Public financing initiatives: public –private partnership and 
 public –public partnership                                                                                                              10 

               TOTAL                                                                                                                                  100 

Please note that the detailed content of the public sector financial reporting standards assessed 
in this module is specified in appendix A. The appendix details the depth of treatment of 
required technical knowledge and the progression of competence over the levels in the 
qualification. It is important to read the appendix in conjunction with the details of the table 
below to understand the expectation of the scope and depth of treatment in the assessments of 
public sector financial reporting standards. 

PRICE GHC150.00 (SUBJECT TO ANNUAL REVIEW)