Building a Public Sector Asset Register: Challenges and Recommendations
About this learning event
Many advanced countries have used asset registers as the first step in gaining an insight into the assets that should be included in the records. Public asset classification and the creation of a public asset registry enhance recognition and valuation of public assets and encourage professional public asset management development. Making decisions regarding public asset use implies gathering data on all assets, liabilities, revenues and expenses of a governmental unit and of the general government as a whole. Regardless of the degree of centralization and practical usage of public assets, the public asset registry is supposed to represent an accurate database of all public assets and the related liabilities and to support the inclusion of all state assets in the State’s General Ledger.
This webinar will address the challenges of, and recommendations for, setting up, developing and maintaining a public sector asset register. Topic was identified during the online course on Managing Public Sector Assets delivered in October 2020 as one of the key common challenges of many South East European countries.
This learning event will be delivered as continuation of the CEF’s support to the countries from its constituency in fostering efficient public sector asset management, developing institutional capacities, and creating a network of professionals who would be a driving force in this process.
What will you learn
You will have the opportunity to learn from different country experiences (Croatia and UK), understand the challenges posed by the development and maintenance of a public sector asset register, reflect country cases' findings on the topic of state asset registries from the online course Managing public sector assets, and contribute to the discussion with your own experiences.
During the webinar, you will:
- Better understand the importance of accurate and standardized information on assets, structured into solid asset records and developed asset databases, in enabling sound public sector asset management
- Learn about the need for a clear regulatory framework concerning the establishment, development, and maintenance of a public asset register
- Better understand how the public asset register is linked to the government’s accounting system and how it impacts financial reporting
- Discuss several country cases; learn about best country practices of setting up, developing and maintaining a public sector asset register; achieve a better understanding of how these experiences can provide useful insights and suggestions for your own country’s initiatives in the field
- Learn about the importance of providing clear instructions on types and modalities of collecting data, content of data sets and information on public sector assets which are necessary for the management of asset registers and public sector balance sheets
Who should attend
The webinar targets public officials and experts engaged in setting up, developing and maintaining public sector asset registers in their own countries. More precisely, from CEF constituency countries, but also from countries facing similar challenges, we will invite:
- Senior officials (policymakers) responsible for and engaged in public sector asset management
- Officials engaged in regulating, designing, or managing various public sector registries (e.g. land registries, cadaster, etc.)
- Officials maintaining asset records and managing asset portfolios (asset custodians)
- Officials engaged in activities related to public sector accounting and financial reporting systems
Faculty
The webinar will be delivered under the guidance of::
Gorana Roje, Head of a Division for Strategic Planning and Project Management, Ministry of Physical Planning, Construction and State Assets, Croatia
Gorana has more than 10 years of experience in public sector accounting and public sector financial management. Her work is focused on international and comparative public sector accounting (PSA) and financial reporting, international public sector accounting standards setting, and public sector financial management, with a particular focus on public sector asset management (PSAM) reforms domestically, regionally and worldwide.
In a period from 2014 to 2018, Gorana hosted and participated in several workshops and round tables on topic related to public assets management as a part of the research project titled Accounting and financial reporting reform as a means for strengthening the development of efficient public sector financial management in Croatia. She has also participated in PSA and PSAM trainings as a lecturer.
In addition, she was actively involved in developing a data model for upgrading the Central Register of State Assets in Croatia. She has participated as a team member of several working groups referring to National development strategy CRO 2030 drafting and has been appointed as the coordinator for strategic planning of the public administration body, involved in preparation of long- and mid-term asset management strategic policy documents.
Suzanne Flynn, PFM Advisor for SEE, IMF
Suzanne is technical assistance advisor for public financial management in South East Europe and she has been based at the CEF since November 2016. At the CEF, Suzanne helps deliver learning programs related to her work. She joined the IMF eight years ago after six years working in East Africa with PwC and in the Ugandan treasury. She started her career in the UK public service in 1987, starting in central government, and qualifying as a CIPFA accountant in local government in 1991. Before embarking on her career in Africa, she spent 3 years working for CIPFA in London. She has also worked in a number of Asian and Central Asian countries, and worked with several governments in Europe. Her work is funded by the European Commission.
Eugenio Anessi-Pessina, Università Cattolica, Milan, Italy
Eugenio received his PhD in Managerial Science and Applied Economics from the Wharton School of the University of Pennsylvania.
Currently, he is full professor of Public Management at Università Cattolica, Milan, Italy; director of Cerismas (Centre for Research and Studies in Health-Care Management); coordinator of the Doctoral Programme in Management and Innovation. In addition, he is a senior fellow at the Wharton School of the University of Pennsylvania (Dept. of Health Care Systems). Previously, he served as the editor of Azienda Pubblica (a leading Italian-language public-management journal).
His research interests focus on health-care management and public-sector accounting.
Partners
This learning initiative was supported by:
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