APG5998 - Public financial management - 2019

Public financial management covers a range of resource management practices that underpin policy-making in contemporary government, including fiscal rules to guide government spending and borrowing, multi-year expenditure frameworks that capture the longer term impacts of current policy decisions, and performance-based budgeting to inform the level and relative priority of funding allocations. This unit introduces key conceptual and practical knowledge to integrate financial and non-financial performance in the public sector, and how to apply it to generate public value.

On successful completion of the unit, students will be able to:

1. recognise and explain the major theoretical frameworks and concepts that underpin contemporary public sector budget and financial management processes;
2. analyse government finance frameworks;
3. evaluate the applications of finance principles to public sector projects;
4. critique a range of accountability and political processes;
5. conceptualise and design budgets.

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. A unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Executive Master of Public AdministrationExecutive Master of Public Administration (http://www.monash.edu.au/pubs/2018handbooks/courses/A6014.html)