Spring 2005 Course Description

Seminar on Topics in Public Management

Section Title: Advanced Financial Management
Instructor(s): Michael Granof
Course: P A 388L - Seminar on Topics in Public Management
Unique Number: 62805
Day & Time: Wednesdays, 1:00 PM - 4:00 PM
Room: SRH 3.330A
Waitlist Information:For LBJ Students: UT Waitlist Information

Description: This course aims to provide future managers of government and other not-for-profit organizations with a sophisticated understanding as how to interpret and use financial information. Building upon Public Financial Management (PA 391), the first portion of the course will provide a framework for evaluating the financial condition of public and independent sector entities. It will be concerned not only with what users can learn from financial statements, but also what are their limitations of those statements. It will pay special attention to the differences between how transactions are budgeted and accounted for and when they have their true economic impact. Topics to be covered include issues of revenue and expenditure recognition, means of assessing the adequacy of infrastructure assets and the burden of long-term obligations, and the challenges of managing business-type activities.

The second portion of the course will highlight the applicability of fundamental techniques of management accounting and control to governments and not-for-profits. It will key on areas and issues such as activity based costing, privatization, financial and performance auditing, and service efforts and accomplishments.

The main text for the course will be Government and Not-For-Profit Accounting by Michael H. Granof (3rd edition, John Wiley, 2004).

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