Spring 2020 | PA 5003 Section 002: Introduction to Financial Analysis and Management (57570)
- Class Component:
- 1.5 Credits
- Grading Basis:
- Student Option
- Instructor Consent:
- No Special Consent Required
- Instruction Mode:
- In Person Term Based
- Times and Locations:
- Second Half of Term03/17/2020 - 05/04/2020Mon 06:00PM - 08:45PMUMTC, West BankHubert H Humphrey Center 60
- Enrollment Status:
- Open (30 of 35 seats filled)
- Also Offered:
- Course Catalog Description:
- Finance/accounting concepts/tools in public/nonprofit organizations. Fund accounting. Balance sheet/income statement analysis. Cash flow analysis. Public/nonprofit sector budgeting processes. Lectures, discussions. Cases. prereq: Public policy major/minor or major in development practice, public affairs or liberal studies or grad nonprofit mgmt cert or instr consent
- Class Notes:
- Class Description:
The financial environments for public and nonprofit organizations are changing. Governments are pressured to "do more with less" and nonprofit organizations are expected to "do better at doing good." In order to meet these challenges, it is important that managers of public and nonprofit organizations possess the fundamentals of financial analysis and management.
This is an introductory course to financial analysis and management in the context of public and nonprofit organizations. The primary learning objective of this course is how to obtain accurate financial information to make sound management decisions through the analyses of financial documents such as budgets and financial statements. The processes of producing such documents will be introduced but are not the focus of this course. Conceptual frameworks and analytical techniques will be emphasized and applied to analyze real-world financial problems.
- Who Should Take This Class?:
- This course is required for MPP, MDP, and Nonprofit Certificate students. It is recommended for MPA students.
- Learning Objectives:
By the end of the semester, students should be able:
To obtain basic knowledge and terminology of budgeting and financial management;
To summarize budgetary process, revenues, and expenditures of a public or nonprofit organization;
To apply basic tools of financial analysis, such as break-even analysis and marginal cost analysis, in making simple financial decisions;
To know how financial information is organized and reported in the accounting system;
To interpret data in financial statements and relate them with each other; and
To determine and calculate financial ratios to assess financial condition
- Each class there will be an assignment that you are to prepare and submiy via email (You may work with others in completing the assignments.). These will not be graded. You should actively participate in class discussions and class problem-solving. Class discussion, timely assignment completion, and on-line attendance count toward your participation grade. Participation represents 12 points of your grade.
There will be a first exam (30 points) and a second exam (30 points) for this course taken at the Humphrey School. The first exam will be an analysis of a real budget and real financial statements of nonprofit and public organizations, word questions, and financial problems. The second exam will be an analysis of real annual financial reports of nonprofit and public organizations, word questions, and financial problems. The second exam ONLY covers material from the second half of the course.
The final assignment is a group project in which you will review the financials of a real government or nonprofit organization and present your findings to the class in person. You will be assigned to groups in the second week of class. The group should submit a 5+ page paper of your findings at the last class. The group will also present a power point presentation (no more than 10First Test 30 points Second Test 30 points Group Project 28 points Class Participation 12 points Total 100 points
minutes) of the findings at the last class. The group should provide me a copy of the power points and any other information that would be helpful. This group paper (20 points) and presentation (8 points) are worth 28 points.
- Exam Format:
- There will be a first exam (30 points) and a second exam (30 points) for this course. The first exam will be an analysis of a real budget and real financial statements of nonprofit and public organizations, word questions, and financial problems. The second exam will be an analysis of real annual financial reports of nonprofit and public organizations, word questions, and financial problems. The second exam ONLY covers material from the second half of the course.
- Class Format:
- This is a "flipped" course. Students will watch normal lectures on videos at home. There are 8 class periods. Class time is used to review material, solve assignments, review additional videos and/or material, and take exams. Students in the online format will link-up through WebEx for all classes except for the 4th and 8th classes in which exams and presentations must occur in person.
- 6 Homework Assignment(s).
2 Exams In person.
1 Group Presentation in person. Students indicate that the workload is similar to other Humphrey courses. Generally, 3-5 hours per class is required.
- Past Syllabi:
- http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Spring2019.docx (Spring 2019)
http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Summer2018.docx (Summer 2018)
http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Spring2018.docx (Spring 2018)
http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Fall2017.docx (Fall 2017)
http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Summer2017.docx (Summer 2017)
http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Spring2017.docx (Spring 2017)
http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Fall2015.pdf (Fall 2015)
http://classinfo.umn.edu/syllabi/kiedr003_PA5003_Summer2015.docx (Summer 2015)
- Instructor Supplied Information Last Updated:
- 28 March 2018
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