Fall, 1998

Fiscal Planning and Management Control

A detailed examination of the basic components of financial planning and 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, financial analysis and planning techniques, the budget as mechanism for financial planning and management, government responsibility for capital facilities planning, techniques of financial and managerial/cost accounting, development of financial management information and performance evaluation systems.

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. Financial 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 Financial Planning: Establishing the Sequence of Cost Commitments

V. Budgeting as a Mechanism for Financial Planning and Management

VI. Capital Budgeting and Debt Administration

VII. Accounting Systems: Traditional Mechanisms of Fiscal Control

VIII. Information Management and Decision Support Systems