MoF's Financial Management Programme Trains Over 1,000 In First Half Of 2024

The Ministry of Finance has concluded its Government Financial Management Awareness Programme for the first half of the year. This initiative included nine courses, attended by over 1,000 employees from 48 federal entities. The training covered various aspects of effective government financial management, such as procurement, accounting standards, debt collection, tax procedures, financial period closure, asset management, and preparing financial statements using the Hyperion HFM system.

Mariam Mohammed Al Amiri, Assistant Under-Secretary of Government Finance Management at the Ministry of Finance, highlighted the programme's design. "The awareness programme was specifically designed for employees of the Ministry and federal entities. It meticulously selected topics that meet the diverse needs of all involved entities, reflecting the Ministry's commitment to enhancing employee efficiency across all institutions. The programme not only helped employees understand relevant laws and regulations but also fostered integrated relationships with key authorities, boosting the business environment and competitiveness of the UAE."

Al Amiri also stressed that these programmes are crucial for developing human capital. She noted that training activities enhance technical, behavioural, and administrative skills. This empowerment helps employees meet evolving role demands in line with federal government objectives.

The programme aligns with the Ministry's strategy to improve financial procedures within the Federal Government. It aims to enhance operational and financial performance across ministries and federal entities in the UAE. Al Amiri explained that it was designed to provide comprehensive support to these entities, contributing to the strategic goals of the UAE Government.

This year's training programme included several courses: "Discussing Updates to the Federal Government Accounting Standards Manual"; "Debt Collection Procedures in accordance with Federal Decree No. 15 of 2018 regarding the Collection of Revenues and Public Funds"; "Digital Procurement Platform"; "Fixed Assets, Tangible and Intangible (Asset System)"; "Tax Applications and Procedures"; "Preparing Financial Statements on the Hyperion HFM System" and "Financial Period Closing Procedures".

The programme not only focused on understanding relevant laws but also aimed at fostering relationships with key authorities. This approach is intended to boost both business environments and competitiveness within the UAE.

By offering these comprehensive courses, the Ministry aims to ensure that employees are well-equipped with necessary skills. This initiative reflects a broader commitment to improving overall efficiency within federal institutions.

Ultimately, this awareness programme underscores a dedication to continuous improvement in government financial management practices. It highlights an ongoing effort to align employee capabilities with evolving governmental objectives.

With inputs from WAM