Course Description

470.627 - Financial Management & Analysis in the Public Sector

This course focuses on financial aspects of public sector organizations and institutions. The objectives of this course include helping students (1) learn the basics of public sector accounting and the construction of their financial reports, (2) become more intelligent users of the financial statements of public sector organizations such as sovereign, state, and municipal institutions, and (3) better understand the factors that affect the financial condition and financial performance of such entities.

More specifically, the course focuses on (1) the financial reporting concepts and standards that are applicable to public sector organizations; (2) ratios and other summary indicators used by analysts to evaluate the financial condition and financial performance of public sector and nonprofit organizations; (3) the analysis and interpretation of financial statements of selected public sector organizations; (4) fundamental finance principles; and 5) basic principles of budget formulation.