Who should attend
Students from all educational backgrounds welcome. You can register for this course without applying and enrolling in a program.
About the course
Introduces the financial, organizational, and political implications of public financial management practices. One of the major focuses is the budget process and understanding the elements of a budget in a public sector context. Other topics examined include costs of service delivery, elements of alternative service delivery, and how to monitor service delivery performance. Some techniques used for long-term decision-making are also introduced.
Course at a glance
- Whether you are a financial or a non-financial professional, this course will provide you with expertise to understand the economic, organizational, and political implications of financial issues at the local level.
- Aimed at individuals interested in moving into higher level responsibilities in the local government field; our student body includes municipal government employees in planning, corporate services, economic development, operations, finance, and more.
- Fully online asynchronous course, accessible through eClass, the University of Alberta’s eLearning management tool.
- Participate in online discussions with peers from all over Canada and expand your professional network.
What you will learn
By the end of this course, you should be able to:
- Analyze municipal government financial statements.
- Explore the concept of fund accounting and the difference between cash and accrual bases of accounting.
- Examine the municipal budget process, including citizen engagement and the role of spenders and guardians in the process.
- Evaluate the methods used for forecasting revenue and expenditure budgets.
- Discuss the importance of full costing for provision of municipal government services and the methods of calculating full costs for services.
- Explore the concept of alternative service delivery for provision of municipal services and examine the decision-making process for choosing a service delivery mechanism from among a number of service provision mechanisms in municipal government.
- Discuss the importance of performance monitoring for municipal governments and assess the techniques used in performance monitoring, including the importance of auditing.
- Critically evaluate the merits of cost-benefit analysis and discounted cash flow technique for long-term financial investments, with specific reference to municipal governments.
- A textbook is required for this course; details will be provided in the course syllabus.
- Additional learning materials are provided through eClass.
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.