What This Document Is
This is a syllabus and course overview for PA 550: Financial Management of Government, offered at the University of Illinois at Chicago. It outlines the structure, objectives, and expectations for a graduate-level course focused on the financial aspects of public and nonprofit organizations. The material is designed as an introductory exploration into government finance, building upon foundational budgeting knowledge. It bridges the gap between public administration principles and the practical application of accounting and financial analysis within the public sector.
Why This Document Matters
This resource is invaluable for students enrolled in, or considering enrollment in, PA 550. It’s also beneficial for public administration professionals seeking a refresher on core financial management concepts as they apply to governmental entities. Individuals preparing for roles involving budget analysis, financial oversight, or policy-making within state and local governments will find the outlined course objectives particularly relevant. Understanding the course structure beforehand allows for effective preparation and time management.
Topics Covered
* Financial decision-making techniques (both short and long-term)
* Managerial accounting principles for public organizations
* Development and interpretation of government financial statements
* Accounting principles relevant to the public sector
* Financial analysis methods for assessing organizational health
* Contemporary financial management issues in state and local government
* The role of key institutions in government finance
* Time value of money calculations and financial calculator usage
What This Document Provides
* A detailed course schedule and instructor contact information
* A clear articulation of course learning objectives
* Required textbook information and details regarding supplemental readings
* A breakdown of assignment types and their corresponding weight in the final grade
* Guidelines for completing written assignments and a financial condition analysis
* Information regarding the use of financial calculators and software (Excel)
* Expectations for class participation and attendance