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FutureLearn: Understanding Public Financial Management: How Is Your Money Spent?

 with  Alberto Asquer

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What went wrong in Greece’s handling of its public debt? How does a city government like Detroit go from prosperity to bankruptcy? And how could the looting, theft and corruption in Malawi’s “cashgate” have been avoided?

We are all concerned about where “our” money goes. We all want good roads and schools, thriving industry, and personal and national security, but how can we be sure that public monies are being managed properly, and how can we hold those in charge to account?

Understand and evaluate the management of public finances

This free online course will provide you with the knowledge and tools to understand and evaluate the management of financial resources across the public sector, wherever you are.

Drawing on the expertise of the Centre for Financial and Management Studies at SOAS, University of London, we’ll look at:

  • how governments and public sector organisations obtain financial resources through taxation, fees, charges, natural resources and other means;
  • how public sector organisations decide to use financial resources for attaining public policy goals and implementing public programmes;
  • how public sector organisations report their financial performance to the public;
  • how the use of public financial resources is audited;
  • and how governments are made accountable for their financial decisions.

By the end of the four-week course, you will be able to:

  • understand the basics of public financial management;
  • read simple public sector financial statements;
  • explain how governments raise finance through various means;
  • explain how the budget process works at national and sub-national levels;
  • understand how auditing is conducted in public sector organisations;
  • and understand how public sector organisations are held accountable to the public.

This is a general level course, however some knowledge of economics, political science, or accounting may be useful.
This course would also be of interest to those already working in public sector management or simply looking for a better understanding of contemporary financial issues.

2 Student
reviews
Cost Free Online Course (Audit)
Subject Economics
Provider FutureLearn
Language English
Certificates Paid Certificate Available
Hours 4 hours a week
Calendar 4 weeks long

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What are MOOCs?
MOOCs stand for Massive Open Online Courses. These are free online courses from universities around the world (eg. Stanford Harvard MIT) offered to anyone with an internet connection.
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2 reviews for FutureLearn's Understanding Public Financial Management: How Is Your Money Spent?

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2 years ago
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Andrew Pribram partially completed this course and found the course difficulty to be very easy.
Can do a whole week in an evening. It's good for the very high level conceptual nature. Would be much much better if the expert teachers at least shared a reference guide with readings giving a sense of where the current debate is on the various topics -- for those industrious who want to engage the complexities they i Read More
Can do a whole week in an evening. It's good for the very high level conceptual nature. Would be much much better if the expert teachers at least shared a reference guide with readings giving a sense of where the current debate is on the various topics -- for those industrious who want to engage the complexities they introduce. I would prefer this to open ended discussion questions -- what's the consensus? Where is the debate today?
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2 years ago
Martin Dunn completed this course.
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