Wrap-up of Dubai Forum’s H1 2024 Financial Management Programme
The Ministry of Finance in the UAE has recently concluded a comprehensive training program focused on enhancing effective government financial management practices. This initiative covered a wide range of topics including 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, emphasized the importance of this program tailored for employees of the Ministry and federal entities. She highlighted that the program aimed to cater to the diverse needs of all participating entities, showcasing the Ministry’s dedication to improving employee efficiency across institutions. The program not only provided a better understanding of relevant laws and regulations but also fostered collaborative relationships with key authorities, ultimately enhancing the business environment and competitiveness of the UAE.
Al Amiri underlined the crucial role of training programs in nurturing human capital, which is essential for building a knowledge economy. She pointed out that training activities enhance technical, behavioral, and administrative skills of employees, enabling them to adapt to the evolving demands of their roles in alignment with the federal government’s objectives.
Aligned with the Ministry of Finance’s strategy to enhance financial procedures within the Federal Government, the program signifies a commitment to improving operational and financial performance across ministries and federal entities in the UAE. The initiative was carefully designed to provide comprehensive support to these entities, contributing to the strategic goals of the UAE Government.
The training program featured various courses this year, aimed at enhancing participants’ knowledge and skills. Sessions covered topics like “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”.
Through these sessions, participants gained valuable insights and practical knowledge to improve their financial management capabilities. The program provided employees with the necessary tools to navigate complex financial processes and deepen their understanding of the regulatory framework governing government financial management in the UAE.
The Ministry of Finance’s unwavering commitment to continuous professional development through targeted training programs reflects its dedication to fostering a skilled and knowledgeable workforce capable of driving sustainable economic growth and innovation in the UAE. Initiatives like this aim to establish a solid foundation for effective government financial management practices, ultimately contributing to the overall success and prosperity of the nation.
