Public Sector Financial Management

This subject has the following teaching availabilities in 2016:

Estimated total time commitment of 120 hours per semester

This subject is only available to students enrolled in the Graduate Diploma in Finance, 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 request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://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.

• A 2000 word individual assignment due in the last two weeks of the teaching period (20%)
• A 3000 word group assignment due on the examination day, with an in-class presentation on the final day of classes (40%)
• 2-hour end-of-semester examination (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