DOF and ACCA Partner to Launch Public Finance Certification for Professionals

Photo : Dubai government media office

Dubai, UAE: Dubai’s Department of Finance (DOF) and the Association of Chartered Certified Accountants (ACCA) have formally signed a Memorandum of Understanding (MoU) to introduce the ACCA Certificate in Public Finance Management (PFM) for professionals across various Dubai Government entities. This strategic partnership aims to enhance the competencies of accountants and public finance professionals, equipping them with the skills and knowledge necessary to support Dubai’s financial governance and public sector efficiency. The ACCA Certificate in PFM will be offered in both Arabic and English, ensuring accessibility for a diverse range of participants.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel 

The agreement was signed by Mr. Aref Abdulrahman Ahli, Executive Director of the Planning and General Budget Sector at the DOF, and Ms. Magdalena Krupa-Hernandez, EEMA Director at ACCA. This collaboration is set to address the specific needs of Dubai Government’s finance teams, reflecting a commitment to the professional development of public finance staff within the emirate.

Mr. Ahli expressed his enthusiasm for the initiative, stating, “The Certificate in PFM is a testament to our commitment to enhancing the professional capabilities of Dubai Government public finance professionals, in line with the vision of our wise leadership. By providing specialised training in public financial management, we aim to ensure that Dubai Government entities are equipped with the best practices and knowledge to manage public finance effectively.” His remarks underscore the DOF’s dedication to fostering an environment of continuous learning and upskilling within Dubai’s public finance sector, ensuring that the city’s financial frameworks remain robust and responsive to evolving demands.

ACCA’s EEMA Director, Ms. Magdalena Krupa-Hernandez, highlighted the importance of this initiative, commenting, “We are delighted to collaborate with the Dubai Finance on this important initiative. The ACCA Certificate in Public Financial Management is designed to provide essential skills and knowledge that are crucial for effective public sector financial management. We believe this training will significantly contribute to the professional growth of the participants and the overall efficiency of public financial management in Dubai.” Her statements reflect ACCA’s commitment to supporting global best practices in public finance and to promoting financial stewardship within government institutions.

Adding further insights, Amna Salem Al Jaberi, Director of DOF’s Financial Studies Division, detailed the structure and goals of the program, emphasizing that the initiative underscores the DOF’s dedication to upskilling government employees. “The primary goal of this project is to enhance the skills and knowledge of 100 public finance professionals through specialised training. The training will be organised into five cohorts, each consisting of 20 candidates, and will span over 10 consecutive working days per cohort,” she explained. Al Jaberi’s comments reflect the program’s structured approach, designed to create a lasting impact on Dubai’s public finance expertise through focused and intensive training sessions.

The program is scheduled to commence in October 2024 and conclude in December 2024, covering a comprehensive 50 training days and totaling 250 training hours across all cohorts. By aligning this timeline with fiscal needs and providing government employees with practical, applicable knowledge, Dubai Finance aims to establish a high standard of public financial management throughout government entities.

This initiative not only reinforces the DOF’s commitment to its staff’s professional development but also aligns with Dubai’s vision for robust financial governance. Through specialized public finance training, Dubai Finance and ACCA are laying the groundwork for a more knowledgeable, skilled, and agile workforce, prepared to meet the demands of modern public sector finance management in Dubai.

#trending #latest #DubaiFinance #PublicFinanceManagement #ACCA #ProfessionalDevelopment #GovernmentTraining #FinancialExcellence #DubaiGovernment #PFMCertification #PublicSector #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai

During the visit, His Highness toured the exhibition, visiting various local and international pavilions...Read More.

In the first ten months of 2024, Dubai Real Estate Corporation (DREC) and its subsidiary, Wasl Group, saw a 28% rise in revenues compared to 2023...Read More.