INTRODUCTION TO PUBLIC FINANCE MANAGEMENT
- Social Sciences
- 200 level
- 2 credit units
- 112 pages
- 12 units
This course introduces the principles and concepts of public finance management. It covers the macroeconomic framework, legal and regulatory aspects, and success factors for effective public financial management. Students will learn about financial reporting, auditing, budgeting, revenue management, supply chain management, and public asset management. The course also addresses fraud prevention and financial misconduct in the public sector, providing a comprehensive overview of public finance management practices in Nigeria.
About this course
- Difficulty
- Intermediate
- Study hours
- 52 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Basic Accounting Principles
- Introduction to Economics
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of DES213, taken from the course material NOUN publishes.
- Unit 1 INTRODUCTION TO PUBLIC FINANCE MANAGEMENT
- Unit 2: MACROECONOMIC FRAMEWORK FOR MANAGING PUBLIC FINANCE MANAGEMENTPage 9
- Unit 3: LEGALAND REGULATORY FRAMEWORK FOR MANAGING PUBLIC FINANCE MANAGEMENTPage 15
- Unit 4: Success Factors of Good Public Financial Management and Institutional FrameworkPage 24
One paragraph, so you can see how it reads
DES213 · Unit 1 INTRODUCTION TO PUBLIC FINANCE MANAGEMENT
Treasury Management: In public finance, sound treasury management balances the value maximization objective of the government with the need to maintain liquidity for the discharge of institutional liabilities. Investment opportunities with medium risks are preferred to that with low risk since public monies are at stake.
What you should be able to do
- Identify the principles and concepts of public finance management.
- Explain the legal and regulatory framework for managing public financial resources.
- Analyze financial reports and audit processes in the public sector.
- Describe the budgeting process and its importance in public finance.
- Discuss revenue management strategies and supply chain management in the public sector.
- Explain public asset management and fraud prevention techniques.
What it prepares you for
- Financial Analyst
- Budget Analyst
- Auditor
- Public Sector Accountant
- Procurement Officer
- Government Agencies
- Public Sector Organizations
- Non-Profit Organizations
- Financial Institutions
- Auditing Firms
- Financial Management Information Systems (GIFMIS)
Where it gets hard
The units students slow down on, and what makes each one heavy.
- MODULE 2 FINANCIAL REPORTING AND AUDITING
Unit 2: Analyzing Financial Report and Audit
Ratio analysis requires strong analytical skills and understanding of financial statements.
- MODULE 3 BUDGETING
Unit 1: Introduction to Budgeting
Understanding the complexities of the Nigerian budget process requires familiarity with government policies and procedures.
A suggested way through it
13 weeks, about 28 hours in total. Yours will differ.
- Week 1Module 1: INTRODUCTION TO PUBLIC FINANCIAL MANAGEMENT
Unit 1: Introduction to Public Financial Management · 2 hours
Read Unit 1: Introduction to Public Financial Management, focusing on the definition, objectives, and key elements of PFM.. Complete Self-Assessment Exercise 1 to test your understanding of the elements of PFM..
- Week 2Module 1: INTRODUCTION TO PUBLIC FINANCIAL MANAGEMENT
Unit 2: Macro Economic Framework for Managing Public Financial Management · 2 hours
Study Unit 2: Macro Economic Framework for Managing Public Financial Management, paying attention to fiscal policy and its impact.. Complete Self-Assessment Exercise 1 to reinforce your understanding of the macroeconomic framework..
- Week 3Module 1: INTRODUCTION TO PUBLIC FINANCIAL MANAGEMENT
Unit 3: Legal and Regulatory Framework for Managing Public Financial Management · 2 hours
Review Unit 3: Legal and Regulatory Framework for Managing Public Financial Management, focusing on the Nigerian context.. Complete Self-Assessment Exercise 1 to test your knowledge of the legal framework..
- Week 4Module 1: INTRODUCTION TO PUBLIC FINANCIAL MANAGEMENT
Unit 4: Success Factors of good Public Financial Management · 2 hours
Study Unit 4: Success Factors of good Public Financial Management, focusing on the importance of sound PFM and key elements for success.. Complete Self-Assessment Exercise 1 to identify the importance of sound PFM..
- Week 5MODULE 2 FINANCIAL REPORTING AND AUDITING
Unit 1: Financial Reporting · 2 hours
Read Unit 1: Financial Reporting, focusing on the objectives, challenges, and benefits of financial reporting.. Complete Self-Assessment Exercise 1 to test your understanding of financial reporting..
- Week 6MODULE 2 FINANCIAL REPORTING AND AUDITING
Unit 2: Analyzing Financial Report and Audit · 2 hours
Study Unit 2: Analyzing Financial Report and Audit, paying attention to ratio analysis and the objectives of auditing.. Complete Self-Assessment Exercise 1 to practice analyzing financial reports..
- Week 7MODULE 2 FINANCIAL REPORTING AND AUDITING
Unit 3: Accounting Practice and Financial Management Cycle · 2 hours
Review Unit 3: Accounting Practice and Financial Management Cycle, focusing on different accounting practices and the financial management cycle.. Complete Self-Assessment Exercise 1 to test your knowledge of accounting practices..
- Week 8MODULE 2 FINANCIAL REPORTING AND AUDITING
Unit 4: Financial Misconduct · 2 hours
Study Unit 4: Financial Misconduct, focusing on types of fraud and solutions to curb financial misconduct.. Complete Self-Assessment Exercise 1 to identify types of fraud..
- Week 9MODULE 3 BUDGETING
Unit 1: Introduction to Budgeting · 2 hours
Read Unit 1: Introduction to Budgeting, focusing on the definition, purpose, and Nigerian budget process.. Complete Self-Assessment Exercise 1 to test your understanding of the budget process..
- Week 10MODULE 3 BUDGETING
Unit 2: Revenue Management · 2 hours
Study Unit 2: Revenue Management, paying attention to the importance and principles of public sector revenue management.. Complete Self-Assessment Exercise 1 to define revenue management..
- Week 11MODULE 3 BUDGETING
Unit 3: Supply Chain Management · 2 hours
Review Unit 3: Supply Chain Management, focusing on the processes, principles, and challenges in public procurement.. Complete Self-Assessment Exercise 1 to discuss the functions of the Bureau of Public Procurement..
- Week 12MODULE 3 BUDGETING
Unit 4: Public Asset Management and Fraud Prevention · 2 hours
Study Unit 4: Public Asset Management and Fraud Prevention, focusing on the objectives of public asset management and fraud prevention strategies.. Complete Self-Assessment Exercise 1 to explain asset management..
- Week 13Review
Final Revision · 4 hours
Review all modules and units, focusing on key concepts and self-assessment exercises.. Prepare for assignments and final examination..
Preparing for the exam
- Review all unit objectives and ensure you can address each one.
- Practice ratio analysis problems from Unit 2 to improve analytical skills.
- Create a flowchart of the Nigerian budget process from Unit 1 of Module 3.
- Summarize the key legal and regulatory frameworks discussed in Unit 3 of Module 1.
- Focus on understanding the different types of fraud and prevention strategies from Unit 4 of Module 2.
- Allocate study time proportionally based on the weight of each module in the final exam.
- Review all Tutor Marked Assignments (TMAs) and their solutions.
- Create concept maps linking key concepts from different modules.
Questions students ask about this course
What is DES213 about?
This course introduces the principles and concepts of public finance management. It covers the macroeconomic framework, legal and regulatory aspects, and success factors for effective public financial management. Students will learn about financial reporting, auditing, budgeting, revenue management, supply chain management, and public asset management. The course also addresses fraud prevention and financial misconduct in the public sector, providing a comprehensive overview of public finance management practices in Nigeria.
How many units does DES213 have?
DES213, INTRODUCTION TO PUBLIC FINANCE MANAGEMENT, has 12 units across 3 modules, over 112 pages of course material. You can read it one unit at a time.
How many credit units is DES213?
DES213 carries 2 credit units, at 200 level in Social Sciences.
Is DES213 hard?
DES213 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does DES213 take to study?
About 52 hours of study, spread across its 12 units.
How is DES213 assessed?
DES213 is assessed by assignments, tutor marked assessments and final examination.
What do I need before starting DES213?
Basic Accounting Principles Introduction to Economics
What can I do with DES213?
Financial Analyst, Budget Analyst, Auditor, Public Sector Accountant and Procurement Officer.