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Fall 2011 - 61360 - PA391 - Public Financial Management

Instructor(s): Gamkhar, Shama
Unique Number: 61360
Day & Time: W 9:00 - 12:00 pm
Room: SRH 3.316/350
Waitlist Information:For LBJ Students: UT Waitlist Information
Final Exam Information:December 7, 2011 - 9:00am - 12:00pm SRH 3.124
Course Overview

This course provides a basic understanding of the financial activities of governments at all levels in the United States. It is usually taken during the first year. The course acquaints students with the purposes, characteristics, processes, and operations of financial management systems and develops their capabilities to analyze financial operations, coordinate such operations with relevant public policies and programs, and effectively manage the financial resources of public entities. Topics in the course include: the economic, political, and administrative environment of financial management systems and operations; budgeting theory and practice--including program and performance budgets; accounting and internal control; financial reporting; auditing--financial and performance; debt management; treasury and cash management; and revenue/tax administration.

Section Description

This course is an introduction to the theory and practice of public financial management at all levels of government. The objective of this course is to develop student capabilities in the analysis of financial operations and the management of public sector financial resources. The course offers an interdisciplinary approach to public sector financial management. The course format will primarily be a combination of lectures, discussions and student presentations.

The course will cover the principles of finance, economics, accounting and fiscal administration that are relevant to the understanding of financial functions and financial management in the public sector. The specific areas covered include: (1) Structure and administration of selected taxes; (2) Municipal bond market –valuation of the price of bond and, their yields, credit rating and the bond issuance process; (3) Financial accounting, reporting and analysis of financial statements and; (4) Public budgeting - the budgetary process, politics and reforms (including performance budgeting); additional areas may be included on the basis of student interests.

The course will involve discussion of readings and other relevant applications of the course material, homework assignments, case studies—group projects and exams. There will be a weekly tutorial session where the homework assignments and material considered pre-requisites for the class and materials covered in class will be reviewed. Attendance at tutorials is strongly recommended.