ACA250 - Public Sector Financial Management Practices - EPS

Outline information
Semester
Schools offering this subject
Last revision date Mar 18, 2019 8:40:40 AM
Last review date Mar 18, 2019 8:40:51 AM

Subject Title
Public Sector Financial Management Practices - EPS

Subject Description
This course focuses on how public sector entities of various kinds make the best use of the vast resources entrusted to them in creating public value.  Public sector accounting is a core body of knowledge supporting financial management.  The purpose of the course is to provide students with the public sector financial management skills necessary to function in public sector environments of low to medium complexity and low uncertainty.  Topics addressed include the following: governance and decision-making processes; government budgeting and planning; government financial reporting; financial analysis of government and not-for-profit programs, and public sector auditing.

Credit Status
One Credit

The minimum grade to pass this course is C (60%) and the minimum program GPA to graduate from the Advanced Accounting & Finance program is 60% or C.
 

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Explain the typical legislative authorities and provisions defining how governments receive, disburse and manage public funds.
  2. Explain the elements of governance and decision-making in public sector environments, such as how government staff work and communicate with elected officials and their staff, including federal members of Parliament, members of provincial parliaments and city councilors.
  3. Understand government stakeholders, including the public, and their expectations of accountability, transparency, value for money and sustainability of taxpayer-funded spending.
  4. Explain the government planning and budgeting process culminating in its annual budget.
  5. Describe the steps in the government planning and budgeting process.
  6. Demonstrate understanding of the difference between operating and capital budgets, and between funding for operations versus funding for capital.
  7. Prepare a budget component for a program, division or other small segment that will be rolled up into the overall budget.
  8. Demonstrate understanding of public sector accounting as a basis of government financial reporting and the role of sovereign governments in that regard.
  9. Demonstrate financial analysis skills for the public sector and NFP organizations involved in government programs.
  10. Demonstrate understanding of the auditing role within the public sector.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.