Public Sector Financial Management

This subject is not offered in 2013.

Estimated total time commitment of 120 hours per semester

This subject is only available to students enrolled in the Postgraduate Diploma in Finance, the Master of Finance and ANZSOG Executive Master of Public Administration, and for students enrolled in the Master of Management who have completed FNCE90018 Corporate Financial Policy and FNCE90056 Investment Management.

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For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

The structure of public sector finances; public sector financial accounting; the budget process; cash management and loan raising; public trading enterprises efficiency and accountability; pricing policies; revenue raising; investment appraisal.

On successful completion of this subject students should be able to:

• Interpret and analyze public sector financial accounts;
• Explain important characteristics of the Budget process;
• Apply finance principles to the evaluation of public sector projects;
• Explain key features of public sector financing;
• Assess financial performance in public sector enterprises.

• 3-hour end-of-semester examination (60%)
• Assignments totalling not more than 4000 words (40%)

You will be advised of prescribed texts by your lecturer.

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Oral communication
• Written communication
• Collaborative learning
• Problem solving
• Team work
• Statistical reasoning
• Application of theory to practice
• Interpretation and analysis
• Critical thinking
• Synthesis of data and other information
• Evaluation of data and other information
• Using computer software
• Accessing data and other information from a range of sources