Conclusion of H1 2024 Government Financial Management Programme
The Ministry of Finance in the UAE recently wrapped up an intensive training programme aimed at enhancing effective government financial management practices. The initiative covered various aspects such as government procurement, accounting standards, debt collection, tax procedures, asset management, and financial statement preparation using the Hyperion HFM system.
Mariam Mohammed Al Amiri, the Assistant Under-Secretary of Government Finance Management at the Ministry of Finance, highlighted the significance of the programme, stating, “The awareness programme was specifically tailored for employees of the Ministry and federal entities. It focused on key topics that cater to the diverse needs of all participating entities, underscoring the Ministry’s dedication to enhancing employee efficiency across all institutions. The programme not only facilitated a better understanding of relevant laws and regulations but also forged collaborative relationships with key authorities, ultimately elevating the business environment and competitiveness of the UAE.”
Al Amiri stressed the pivotal role that such training programmes play in nurturing human capital, which serves as the cornerstone of a knowledge economy. She emphasized that training activities not only enhance the technical, behavioral, and administrative skills of employees but also equip them to effectively respond to the evolving demands of their roles in alignment with the federal government’s objectives.
In line with the Ministry of Finance’s strategy to bolster the efficiency of financial procedures within the Federal Government, the programme underscores a commitment to enhancing operational and financial performance across ministries and federal entities in the UAE. The initiative was meticulously crafted to offer comprehensive support to these entities, thereby contributing to the strategic goals of the UAE Government.
The training programme for this year featured an array of courses designed to bolster participants’ knowledge and skills. Sessions included “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”.
By delving into these critical topics, participants were able to gain insights and practical knowledge to enhance their financial management capabilities. The programme not only equipped employees with the necessary tools to navigate complex financial processes but also instilled a deeper understanding of the regulatory framework governing government financial management in the UAE.
Overall, the Ministry of Finance’s commitment to continuous professional development through targeted training programmes underscores its dedication to fostering a skilled and knowledgeable workforce capable of driving sustainable economic growth and innovation in the UAE. Through initiatives like this, the ministry aims to build a strong foundation for effective government financial management practices, ultimately contributing to the overall success and prosperity of the nation.
