MGX5440 - Public sector financial management

Leader: Dr Gaby Ramia

Offered

Caulfield Second semester 2007 (Evening)
Caulfield Second semester 2007 (Off-campus)

Synopsis

The impact of financial resource allocation and management within the public sector. Implications of the integrated management cycle of resource management used extensively in public sector planning, budgeting and resource allocation, performance management and direction (implementation), reporting and review, and input to planning for the next resource allocation cycle. The emphasis is to develop each part of the cycle as an integral part of the management of resources, and demonstrate the importance of integrating finance, human and organisational resources into an overall planning structure.

Objectives

The learning goals associated with this unit are to:

• explore the dimensions of public sector financial management
• describe the key elements, players and processes involved in public sector financial management
• explain the significance of resource allocation and management decisions within the public sector
• analyse approaches used by governments to achieve their financial management (and broader) objectives
• explain issues and challenges in public sector financial management.

Assessment

Individual assignment (1500 words): 20%
Individual assignment (2500 words): 30%
Individual assignment (4500 words): 50%

Contact hours

3-hour class per week

Prerequisites

Students must have completed 24 points at 9000-level.