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Understanding Public Financial Management: How Is Your Money Spent?

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Understanding Public Financial Management: How Is Your Money Spent?
  1. What is the course about?
  2. Prerequisites & Facts
  3. Cost, Certificate & Degree
  4. Reviews & Experiences

What is the course about?

Understanding Public Financial Management: How Is Your Money Spent?
The course Understanding Public Financial Management: How Is Your Money Spent? is an online class provided by SOAS University of London through Future Learn. It may be possible to receive a verified certification or use the course to prepare for a degree.

How do governments acquire and spend public money? Take a fresh look at public financial management with this free online course.

Course description
  • 4 weeks
  • How does the Covid-19 pandemic affect the public finances of governments? What went wrong in Greece’s handling of its public debt? How did a city government like Detroit go from prosperity to bankruptcy? And how could the looting, theft and corruption in Malawi’s “cashgate” have been avoided?
  • We are all concerned about where “our” money goes. We all want good roads and schools, thriving industry, and personal and national security, but how can we be sure that public monies are being managed properly, and how can we hold those in charge to account?
  • Understand and evaluate the management of public finances
  • This free online course will provide you with the knowledge and tools to understand and evaluate the management of financial resources across the public sector, wherever you are.
  • Drawing on the expertise of the Centre for Financial and Management Studies at SOAS, University of London, we’ll look at:
  • how governments and public sector organisations obtain financial resources through taxation, fees, charges, natural resources and other means;
    how public sector organisations decide to use financial resources for attaining public policy goals and implementing public programmes;
    how public sector organisations report their financial performance to the public;
    how the use of public financial resources is audited;
    and how governments are made accountable for their financial decisions.
  • By the end of the four-week course, you will be able to:
  • understand the basics of public financial management;
    read simple public sector financial statements;
    explain how governments raise finance through various means;
    explain how the budget process works at national and sub-national levels;
    understand how auditing is conducted in public sector organisations;
    and understand how public sector organisations are held accountable to the public.
  • Understanding financial statements: an examination of the information contained in common accounting terms
  • Fiscal imbalances: causes and consequences
  • Understanding public sector spending: how governments spend public money to implement public policies and execute programmes and projects
  • Planning and budgeting: an analysis of how public expenditure decisions are made
  • Evaluating public expenditures: understanding the effect of public spending decisions
  • Cutting expenditures and the austerity agenda: how government austerity policies are used to reduce government activity
  • Common sources of public revenues, including inter-governmental transfers, and alternative sources used by governments across the world
  • Taxation: an exploration of the advantages and disadvantages of taxation, custom duties and fees, and their uses, from behavioural change to stimulating business activity
  • Auditing and accountability: exploring the concept of accountability and explaining the importance of corporate governance in ensuring government accountability
  • Understanding public governance: exploring how the crisis of public administration has led to financial disaster in cities like Detroit
  • Explore and understand the basics of public financial management
  • Interpret and reflect on simple public sector financial statements
  • Explain how governments raise finance through various means
  • Explain how the budget process works at national and sub-national levels
  • Discuss how auditing is conducted in public sector organisations
  • Explore how public sector organisations are held accountable to the public
  • This is a general level course, however some knowledge of economics, political science, or accounting may be useful. This course would also be of interest to those already working in public sector management or simply looking for a better understanding of contemporary financial issues.
  • SOAS University of London
  • SOAS, University of London is the only Higher Education institution in Europe specialising in the study of Asia, Africa and the Near and Middle East.
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Prerequisites & Facts

Understanding Public Financial Management: How Is Your Money Spent?

Course Topic

Business & Management, Finance & Accounting, Politics & Society

University, College, Institution

SOAS University of London

Course Skill Level

see course summary

Course Language

English

Place of class

Online, self-paced (see curriculum for more information)

Degree

Certificate

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Degree & Cost

Understanding Public Financial Management: How Is Your Money Spent?

To obtain a verified certificate from Future Learn / SOAS University of London you have to finish this course or the latest version of it, if there is a new edition. The class may be free of charge, but there could be some cost to receive a verified certificate or to access the learning materials. The specifics of the course may have been changed, please consult the provider to get the latest quotes and news.
SOAS University of London
Understanding Public Financial Management: How Is Your Money Spent?
provided by Future Learn
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Understanding Public Financial Management: How Is Your Money Spent?
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School: SOAS University of London
Topic: Business & Management, Finance & Accounting, Politics & Society

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