Questions On Public Financial Management System Essay

NAME: Tapera Munyavhi REG. NUMBER: R123729T DEPARTMENT: Accounting MODULE: Public Sector Accounting MODE OF ENTRY: Visiting LEVEL: 4.1 LECTURER: Ms Nyamwanza ASSIGNMENT â€Å"The civil service and government subscribe to a different code of ethics than the rest of us† Critically discuss this statement with reference to the Zimbabwean public financial management system. [25] The civil service is those branches of public service concerned with all government administrations outside the armed services. Public financial management is defined by The Chartered Institute of Public Finance and Accountancy (CIPFA) as â€Å"the system by which financial management resources are planned, directed and controlled to enable and influence the efficient and effective delivery of public service goals†. Public Financial Management system is a system that oversees the nature and functions of public institutions that are concerned with the sourcing, collection, custody, allocation, supply reporting and control of public moneys. According to Jowett (1998), a code of ethics is a written set of guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards. The codes of ethics that the government subscribes to are the laws that are put in place to direct the management of public funds. 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