Spring 2017  |  PA 5003 Section 001: Introduction to Financial Analysis and Management (55409)

Class Component:
1.5 Credits
Grading Basis:
A-F or Audit
Instructor Consent:
No Special Consent Required
Instruction Mode:
In Person Term Based
Times and Locations:
First Half of Term
01/17/2017 - 03/06/2017
Tue 06:00PM - 08:45PM
UMTC, West Bank
Hubert H Humphrey Center 30
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 Description:
Understanding how public and nonprofit organizations manage financial resources is vitally important to understanding their health and where they place their priorities. Being able to budget will give you an advantage in securing resources. Being able to read a financial statement of a nonprofit will assist you in understanding the net worth of a nonprofit. Being able to analyze the financial statements of a government will suggest to you the economic vitality of the community. 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 and employees of public and nonprofit organizations possess the fundamentals of budgeting and financial analysis. This is an introductory course to budgeting and financial analysis 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.
Learning Objectives:
By the end of the course, students should be able:

Understand financial management as an integral part of nonprofit/public management

Obtain basic knowledge, terminology, and skills in nonprofit/public budgeting, accounting, and financial statements

Develop the capability to perform basic budget and financial analysis of nonprofit/public organizations

Improve communication and writing skills regarding financial matters

Grading will be based on a mid-term exam (25%), a final exam (30%),three individual assignments (15%), a group project (20%), and on class participation (10%).

Exam Format:
Class Format:
Lectures, group discussions, in-class exercises, and student presentations
Required Textbook: Financial Management in the Public Sector: Tools, Applications, and Cases (3rd E)Author: Xiaohu Wang; Publisher: ISBN-13:978-0765636898
(Look to syllabus for specific assignments or more information on work load.)
Past Syllabi:
http://classinfo.umn.edu/syllabi/zrzhao_PA5003_Spring2016.doc (Spring 2016)
http://classinfo.umn.edu/syllabi/zrzhao_PA5003_Fall2015.pdf (Fall 2015)
Instructor Supplied Information Last Updated:
21 February 2017

ClassInfo Links - Spring 2017 Public Affairs Classes Taught by Zhirong Zhao

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