Spring 2018  |  PA 5114 Section 001: Budget Analysis in Public and Nonprofit Orgs (54898)

Instructor(s)
Class Component:
Lecture
Credits:
1.5 Credits
Grading Basis:
Student Option
Instructor Consent:
No Special Consent Required
Instruction Mode:
In Person Term Based
Times and Locations:
First Half of Term
 
01/16/2018 - 02/16/2018
Mon, Wed, Fri 04:00PM - 05:15PM
UMTC, West Bank
Hubert H Humphrey Center 60
Enrollment Status:
Open (6 of 30 seats filled)
Course Catalog Description:
Techniques, terminology, concepts and skills for developing and analyzing operating and capital budgets in public and nonprofit organizations. Budget analysis using case studies, problem sets, and spreadsheets. Time value of money, cost-benefit analysis, break-even analysis, sensitivity analysis, and fiscal analysis. prereq: PA 5003
Class Notes:
http://classinfo.umn.edu/?kiedr003+PA5114+Spring2018
Class Description:

This course focuses on analysis of financial resources for public and nonprofit organizations. Emphasis is placed on operating and capital budgeting.

The primary objective of this course is to help students understand and use analysis to develop solutions for budgets of public and nonprofit organizations. Conceptual frameworks and analytical techniques will be emphasized and applied to analyze real-world budgets.

This course meets on Mondays, Wednesdays, and Fridays for six weeks.

Who Should Take This Class?:
Those students interested in learning greater detail about budgets and how to analyze them. Many former students from this course have become budget analysts, budget team leaders, and municipal budget directors.
Learning Objectives:
  • Understand budgeting as an integral part of nonprofit/public management
  • Obtain basic knowledge, terminology, and skills in nonprofit/public budgeting
  • Develop capability to perform basic budget analysis functions of nonprofit/public organizations
  • Understand key financial theories such as time value of money, cost-benefit analysis, break-even analysis, sensitivity analysis, and fiscal analysis.
  • Improve critical thinking, analysis, communication, and writing skills regarding financial matters

  • Grading:

    For each class, there will be a set of questions/problems and/or a case study that you are to prepare in writing. I will ask one or many of you to present the solution to each problem/question and case study questions. We will review the problems/questions and case studies together in class. You will be asked to hand-in the assignment at the end of class, and it will be returned at the next class with 1 point representing your assignment and participation grade for that class.

    Participation in preparation of your assignments, presentation of problems/questions and case studies in class, and involvement in the discussions in class will constitute 35% of your grade. Participation will be graded on the quality of your contributions, not the quantity. Hallmarks of good participation include: a) risk taking - presenting an opposing view or a different interpretation of the data; b) listening - trying to understand what others are saying and why they are saying it; c) bringing your own experiences when relevant into discussions; d) monitoring your own participation in terms of both amount and quality; and, e) completing all of your assignments well.

    There will be an exam worth 65% of your grade for this course. The exam will be a set of word questions and financial problems based on the assignments.

    Participation 35 points First Exam 65 points Total 100 points

    Exam Format:
    The exam will be a set of word questions and financial problems based on the assignments.

    Class Format:
    Presentation, discussion, review of assignments, and viewing videos
    Workload:
    A majority of students in the past have indicated that they spend 3-5 hours outside of class in preparation.
    Textbooks:
    https://bookstores.umn.edu/course-lookup/54898/1183
    Syllabus:
    http://classinfo.umn.edu/syllabi/kiedr003_PA5114_Spring2018.docx
    Past Syllabi:
    http://classinfo.umn.edu/syllabi/kiedr003_PA5114_Spring2020.docx (Spring 2020)
    http://classinfo.umn.edu/syllabi/kiedr003_PA5114_Spring2019.docx (Spring 2019)
    http://classinfo.umn.edu/syllabi/kiedr003_PA5114_Spring2017.docx (Spring 2017)
    http://classinfo.umn.edu/syllabi/kiedr003_PA5114_Spring2016.docx (Spring 2016)
    Instructor Supplied Information Last Updated:
    8 November 2017

    ClassInfo Links - Spring 2018 Public Affairs Classes Taught by P. Jay Kiedrowski

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