Financial Management In Government

1. Explain the principles of financial management in the public sector.
2. Analyze the structure and regulation of the Nigerian financial system.
3. Apply investment appraisal techniques to public sector projects.
4. Manage working capital effectively in government organizations.
5. Prepare and control budgets in the public sector.
6. Evaluate financial performance using variance analysis and cost-volume profit analysis.

13 weeks, about 68 hours in total. Yours will differ.

1. Week 1Module 1:

   • Unit 1: The meaning and nature of Financial Management · 4 hours

     Read the unit introduction to understand the scope of financial management.. Define financial management and its importance in government.. Discuss the functions of financial managers and their roles in resource allocation.. Explain the agency problem and its implications for financial decision-making..

2. Week 2Module 1:

   • Unit 2: Evolution and Development of Nigerian Financial System · 4 hours

     Trace the evolution of the financial system from barter to modern finance.. Describe the colonial and post-colonial phases of the Nigerian financial system.. Discuss key legislations that shaped the Nigerian financial system.. Analyze the impact of government intervention and deregulation on the financial sector..

3. Week 3Module 1:

   • Unit 3: Regulatory and structure of Nigerian Financial System · 4 hours

     Identify and explain the roles of regulatory authorities such as CBN, NDIC, and SEC.. Describe the structure of the Nigerian financial system, including banks and non-bank institutions.. Discuss the functions of the Federal Ministry of Finance and the National Insurance Commission.. Differentiate between the money market and the capital market..

4. Week 4Module 1:

   • Units 4: THE DEVELOPMENT OF NIGERIA CAPITAL MARKET · 4 hours

     Trace the evolution of the Nigerian capital market and its role in mobilizing long-term funds.. Examine the characteristics of the capital market, including instruments traded and users of funds.. Discuss factors influencing activities in the capital market, such as government stock holdings.. Explain the opportunities available to investors through participation in the capital market..

   • Units 5: THE CAPITAL MARKET OPERATIONS · 4 hours

     Examine the functions of the Nigerian capital market, including financial intermediation and valuation of securities.. Discuss the roles and benefits of the Central Securities Clearing System (CSCS).. Examine the techniques of going public, such as offer by prospectus and offer for sale.. Understand the benefits of the Central Securities Clearing System.

5. Week 5Module 2:

   • Unit 1: SOURCES OF FINANCE · 4 hours

     Explain the various sources of finance, including short-term, medium-term, and long-term sources.. Examine the factors to consider before granting bank borrowing.. Discuss the various ways of raising ordinary shares, such as public subscription and rights issue.. Understand the techniques of conversion.

6. Week 6Module 2:

   • UNIT 2: RIGHTS ISSUE · 4 hours

     Explain the meaning of rights issue and its purpose.. Discuss the factors to be considered when setting the price of a rights issue.. Understand the options available to shareholders when a rights issue is made.. Work through examples of theoretical rights issues..

7. Week 7Module 3:

   • Unit 1: TRADITIONAL METHODS OF INVESTMENT APPRAISAL · 4 hours

     Explain the meaning of payback period and its advantages and disadvantages.. Calculate payback period for different investment projects.. Understand the concept of average return on investment (ARR).. Calculate ARR for different investment projects..

8. Week 8Module 3:

   • Unit 2: SCIENTIFIC METHODS OF INVESTMENT APPRAISAL · 4 hours

     Explain the investment appraisal method.. Understand the problems associated with Net Present Value Method. Understand the concept of Time Value of Money. Calculate the Net Present Value of a project.

9. Week 9Module 3:

   • Unit 3: INVESTMENT DECISION UNDER CONDITION OF UNCERTAINTY · 4 hours

     Define risks in investment decision. Understand the meaning and nature of Expected Net Present Value/Expected Value Method. Explain sensitivity analysis. Understand the methods used under Risk and Uncertainty.

10. Week 10Module 3:

    • UNIT 4: LEASING · 4 hours

      Understand the meaning and types of leasing agreement. Know the merits and demerits of Leasing. Understand the process in Lease Finance Calculations. Explain the major types of leasing agreement.

11. Week 11Module 4:

    • Unit 1: COST OF CAPITAL · 4 hours

      Understand the meaning of cost of capital and its usefulness. Examine the opportunity Cost of Capital. Understand the major usefulness of cost of capital. Explain the meaning and various types of cost.

    • UNIT 2: WEIGHTED AVERAGE COST OF CAPITAL · 4 hours

      Examine the importance of Weighted Average Cost of Capital. Understand the short Comings of Weighted Average Cost of Capital. Discuss the short-comings of Weighted Average Cost of Capital. Explain the importance of Weighted Average Cost of capital.

12. Week 12Module 4:

    • UNIT 3: WORKING CAPITAL MANAGEMENT · 4 hours

      Understand factors affecting working capital. Financing Working Capital. Explain the working capital concepts. Explain the major factors affecting working capital.

    • UNIT 4: MANAGEMENT OF WORKING CAPITAL COMPONENTS · 4 hours

      Management of Working Capital Components. Factors Influencing Credit Control Policy. Explain the management of working capital components. Explain the factors Influencing Credit Control Policy.

13. Week 13Module 4:

    • UNIT 5: MEANING AND NATURE OF BUDGET · 4 hours

      Discuss the meaning and various types of budget. Examine the purpose of budget in an organisation. Explain various types of budget you know. Explain the importance of budgeting in an organisation.

    • UNIT 6: BUDGETARY CONTROL IN THE ORGANISATIONS · 4 hours

      Understand the meaning of control and its various types. Examine budgetary control methods. Explain the meaning of control and its various types. Explain the concept "Control".