Summary of the Financial Management Programme from Dubai Forum in the first half of 2024
The Financial Management Programme organized by the Ministry of Finance in the UAE has recently concluded, bringing together professionals from various government entities to enhance their financial management skills. The program, which focused on topics such as government procurement, accounting standards, debt collection, tax procedures, asset management, and financial statement preparation using the Hyperion HFM system, aimed to improve the efficiency and effectiveness of financial operations within the government.
Mariam Mohammed Al Amiri, the Assistant Under-Secretary of Government Finance Management at the Ministry of Finance, highlighted the importance of this program in meeting the diverse needs of employees in government entities. By providing participants with a better understanding of relevant laws and regulations, the program aims to improve compliance and strengthen relationships with key authorities, ultimately enhancing the business environment and competitiveness of the UAE.
Al Amiri emphasized the significance of training programs in developing human capital, which is essential for building a knowledge economy. By enhancing technical, behavioral, and administrative skills, employees are better equipped to meet the evolving demands of their roles and contribute to the federal government’s objectives.
In line with the Ministry of Finance’s strategy to enhance financial procedures within the Federal Government, the program demonstrates a commitment to improving operational and financial performance across ministries and federal entities in the UAE. By providing comprehensive support to participants, the program contributes to the strategic goals of the UAE Government and reinforces the Ministry’s dedication to professional development.
This year’s training program featured a series of courses designed to enhance participants’ knowledge and skills in various areas of financial management. Sessions covered important topics such as updates to accounting standards, debt collection procedures, digital procurement, asset management, tax applications, financial statement preparation, and financial period closing procedures.
Participants benefited from valuable insights and practical knowledge gained through these sessions, equipping them with the tools needed to navigate complex financial processes and comply with regulatory requirements. The program not only enhances the capabilities of individual employees but also contributes to the overall improvement of government financial management practices in the UAE.
The Ministry of Finance’s commitment to continuous professional development through targeted training programs underscores its dedication to building a skilled and knowledgeable workforce capable of driving sustainable economic growth and innovation in the UAE. By establishing a solid foundation for effective financial management practices, initiatives like this contribute to the overall success and prosperity of the nation.
In conclusion, the Financial Management Programme organized by the Ministry of Finance in the UAE plays a crucial role in enhancing government financial management practices and improving the skills and capabilities of employees in government entities. By providing participants with essential training and resources, the program contributes to the overall efficiency and effectiveness of financial operations within the government, ultimately supporting the UAE’s economic growth and development.
