Public Financial Management
- Management Sciences
- 400 level
- 3 credit units
- 109 pages
- 16 units
This course introduces students to the principles and practices of public financial management. It covers key topics such as monetary and fiscal policy, taxation, government accounting, and budgeting in the public sector. Students will explore revenue and expenditure management, debt management, and the role of government enterprises and multinational institutions. The course aims to equip students with the knowledge and skills necessary for effective public financial management.
About this course
- Difficulty
- Intermediate
- Study hours
- 156 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor Marked Assessments
- Final Examination
What you'll read
The real module and unit structure of BFN411, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
BFN411 · UNIT 1 BASICS OF PUBLIC FINANCIAL MANAGEMENT
All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.
What you should be able to do
- Define and explain the principles of public financial management.
- Analyze the impact of monetary and fiscal policies on the economy.
- Understand the concepts and types of taxation.
- Apply government accounting principles and practices.
- Develop and manage public sector budgets.
- Evaluate the role of government enterprises and multinational institutions in public finance.
What it prepares you for
- Financial Analyst
- Budget Analyst
- Public Sector Accountant
- Financial Manager
- Policy Analyst
- Government Agencies
- Public Sector Organizations
- Financial Institutions
- Consulting Firms
- International Organizations
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1: Basics of Financial Management
Unit 3: Fiscal Policy
Understanding the complexities of fiscal policy and its impact on economic stability requires a strong foundation in economic principles and government functions.
- Module 3: Budgeting in the Public Sector
Unit 3: Appropriation in the Public Sector
The legal and institutional framework of budget making involves understanding complex constitutional provisions and government regulations.
A suggested way through it
13 weeks, about 28 hours in total. Yours will differ.
- Week 1Module 1: Basics of Financial Management
Unit 1: Basics of Public Financial Management · 2 hours
Read the introduction to Public Financial Management.. Define public financial management.. Explain the scope and aim of public financial management.. Discuss modern governments' intervention in the economy..
- Week 2Module 1: Basics of Financial Management
Unit 2: Monetary Policy · 2 hours
Define monetary policy.. Discuss the objectives of monetary policy in Nigeria.. State the instruments of monetary policy.. Explain monetary policy administration in Nigeria..
- Week 3Module 1: Basics of Financial Management
Unit 3: Fiscal Policy · 2 hours
Explain fiscal policy in Nigeria.. Identify objectives and major instruments of fiscal policy.. Discuss allocation of functions of tiers of government..
- Week 4Module 1: Basics of Financial Management
Unit 4: Taxation · 2 hours
Define taxation.. Identify types, purposes, and canons of tax in Nigeria.. List the incidence and effects of taxation on economic amenities.. Explain tax evasion and avoidance..
- Week 5Module 2: Government Accounting (Revenue and Expenditure)
Unit 1: Government (Public) Accounting · 2 hours
Define government (public) accounting.. State the objectives of government (public) accounting.. Discuss the basis for government accounting..
- Week 6Module 2: Government Accounting (Revenue and Expenditure)
Unit 2: Government (Public) Revenue · 2 hours
Identify the sources of government revenue.. Differentiate oil-revenue from non-oil revenue.. Review types of revenue for each government level..
- Week 7Module 2: Government Accounting (Revenue and Expenditure)
Unit 3: Government (Public) Expenditure · 2 hours
Explain government expenditure.. Classify government expenditure.. Link government expenditure with gross domestic product..
- Week 8Module 2: Government Accounting (Revenue and Expenditure)
Unit 4: Fiscal Federalism, Resources Allocation and Government Accounting · 2 hours
Describe fiscal federalism.. Discuss revenue allocation formula.. Identify structure for revenue allocation from the federation account..
- Week 9Module 3: Budgeting in the Public Sector
Unit 1: Budgeting in Public Sector · 2 hours
Define budget.. Explain the theory and practice of budgeting.. Identify objectives and types of budgeting.. State the procedure for budgeting in the public sector..
- Week 10Module 3: Budgeting in the Public Sector
Unit 2: Budgetary Control in the Public Sector · 2 hours
Explain government budget.. Define budgetary control concept.. Discuss budgetary objectives in government sector..
- Week 11Module 3: Budgeting in the Public Sector
Unit 3: Appropriation in the Public Sector · 2 hours
Explain appropriation and budget making process.. Discuss authorization and the process of budgeting in Nigeria.. Identify the legal and institutional framework of budget in Nigeria..
- Week 12Module 3: Budgeting in the Public Sector
Unit 4: Project Management in the Public Sector · 2 hours
Explain project management.. State the objectives of network in project management.. Discuss project planning management using network analysis..
- Week 13Module 4: Government Debts, Enterprises and Multi-Nationals
Unit 1: Government (Public) Debts · 2 hours
Define public debt.. Identify sources of public debt.. Discuss public debt management..
Unit 2: National (Public) Debt Management · 2 hours
Explain national debt.. Discuss national debt management..
Preparing for the exam
- Review all units, focusing on key definitions and concepts.
- Practice applying monetary and fiscal policy principles to real-world scenarios.
- Create summaries of different types of taxes and their implications.
- Study government accounting principles and budgeting processes.
- Analyze case studies of public debt management and government enterprises.
- Understand the roles and functions of multinational institutions in public finance.
- Practice past examination questions to familiarize yourself with the exam format.
- Allocate study time effectively, prioritizing challenging topics.
- Create concept maps linking different topics and their relationships.
- Participate in online forums or study groups to discuss course materials.
Questions students ask about this course
What is BFN411 about?
This course introduces students to the principles and practices of public financial management. It covers key topics such as monetary and fiscal policy, taxation, government accounting, and budgeting in the public sector. Students will explore revenue and expenditure management, debt management, and the role of government enterprises and multinational institutions. The course aims to equip students with the knowledge and skills necessary for effective public financial management.
How many units does BFN411 have?
BFN411, Public Financial Management, has 16 units across 4 modules, over 109 pages of course material. You can read it one unit at a time.
How many credit units is BFN411?
BFN411 carries 3 credit units, at 400 level in Management Sciences.
Is BFN411 hard?
BFN411 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does BFN411 take to study?
About 156 hours of study, spread across its 16 units.
How is BFN411 assessed?
BFN411 is assessed by Assignments, Tutor Marked Assessments and Final Examination.
What can I do with BFN411?
Financial Analyst, Budget Analyst, Public Sector Accountant, Financial Manager and Policy Analyst.