Public Financial Management

by McGill University School of Continuing Studies Claim Listing

This course looks at the system of rules, processes, procedures, and regulations through which decisions on financial resources are made and implemented.

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Course Details

This course looks at the system of rules, processes, procedures, and regulations through which decisions on financial resources are made and implemented.

The course aims to provide a basis for better understanding of core concepts, objectives, and issues in public financial management (PFM) as they relate to the functions of the legislature. Particular focus is placed on how PFM impacts three levels of budgetary outcomes: aggregate fiscal discipline, allocative efficiency, and operational performance.

 

Topics Covered:

  • The context of public financial management
  • The governance, institutional and global context
  • The policy, macroeconomic and fiscal context
  • Concepts and objectives of PFM
  • Budget types, systems, and classifications
  • Budget strategy and preparation
  • Budget approval and scrutiny
  • Budget implementation
  • Accounting, reporting, and auditing

 

Learning Outcomes:

The course is designed to enable you to:

  • Reflect on the major dimensions of the internal and external context of the budgetary system
  • Explain the meaning and relevance of the three main objectives of Public Financial Management and how they interface with parliament and political choices
  • Appraise the role of the legislature throughout the key stages of the budget process across different jurisdictions
  • Raise key questions and apply different techniques when reviewing revenue and expenditure plans, financial accounts, and actual performance
  • Montreal Branch

    680 Sherbrooke Street West, 11th floor, Montreal

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