Fall, 1998-99
Budgeting and Fiscal Management
Course Description
A detailed examination of the basic components of budgeting and fiscal management as applied in public organizations. Topics covered include elements of the planning-control continuum, revenue and expenditure analyses in the public sector, cash management and investment strategies, fiscal analysis and planning techniques, the budget as a mechanism for planning and control, government responsibility for capital facilities planning, techniques of financial and managerial/cost accounting, development of fiscal management information and performance evaluation systems. The major tasks of fiscal planning and management will be simulated through a series of case studies and scenarios.
Text: Financial Planning and Management in Public Organizations by Alan Walter Steiss (University of Michigan) and Chukwuemeka O'C Nwagwu (Jackson State University)
Course Syllabus : (Click on the syllabus topic for an outline of the materials covered)
I. Fiscal Management and the Planning-Control Continuum: An Overview of Fiscal Responsibilities in the Public Sector
II. Revenue and Expenditure Analysis: Determining the Supply and Demand for Public Fiscal Resources
III. Cash Management and Investment Strategies
IV. Analytical Techniques for Fiscal Management and Control: Establishing the Sequence of Cost Commitments
V. Budgeting as a Mechanism for Management Planning and Control
VI. Capital Budgeting and Debt Administration
VII. Accounting Systems: Traditional Mechanisms of Fiscal Control