Financial management of public organizations (5 cr)

Objectives (course unit)

Purpose of the course Public organizations (i.e., the state and the organizations within state administration, wellbeing services counties, municipalities, and joint municipal authorities) have a significant societal, national economic and economic importance. In this course you have a possibility to study the management of the activities and the economy of public organizations. Competences Learning to learn Operating in a workplace Ethics Proactive development Learning outcomes After completing this course you will understand how the activities and the economy of public organizations are managed. You identify different decision-making situations and the special characteristics of financial management in public organizations. You evaluate the performance of public organizations by using different measures and ratios.

Content (course unit)

Norm control, the planning, monitoring, reporting, and evaluation in public organizations

Prerequisites (course unit)

Bachelor's degree

Exam schedules

There are no exams in the course.

Assessment scale

0-5

Teaching methods

Introductory webinars on the topics of the course, independent learning assignments. Guidance: Mandatory opening webinar in Zoom Guidance tools of web learning environment (Moodle, Team, Zoom)

Learning materials

Johanson, J-E., Liljeroos-Cork, J., Stenvall, J., Pekkola, E. & Rossi, P. (2022). Julkisen toiminnan luonne ja sen uudistamisen tavat. Teoksessa H. Kalliomäki, I. Karppi & N. Mäntylä (toim.), Julkinen toiminta murroksessa (s. 34-48) Vaasa: Vaasan yliopiston raportteja 32. Vakkuri, J., Oulasvirta, L., Koponen, H., Vinnari, E. & Sinervo, L-M. (2022). Talouden hallinta ja johtaminen julkisessa toiminnassa. Teoksessa H. Kalliomäki, I. Karppi & N. Mäntylä (toim.), Julkinen toiminta murroksessa (s. 65-79) Vaasa: Vaasan yliopiston raportteja 32. Oulasvirta, L. O. (2014). Governmental Financial Accounting and European Harmonisation: Case Study of Finland. Accounting, economics, and law 4, 3, 237-263. Central Government Accounting Manual (only in Finnish) Videos of Eduhouse Budgets and annual reports of the Republic of Finland, wellbeing services counties and municipalities Web pages of the Ministry of Finance, the State Treasury and the Association of Finnish Cities and Municipalities

Student workload

Webinars 8 h, independent study and learning assignments 127 h

Completion alternatives

A corresponding course completed in another university may be accredited partially or completely. Competence acquired through informal learning may be recognized and accredited on the basis of competence test. More precise instructions can be found in Degree Regulations and in Study Guide.

Further information

The assessment in the course is based on the competence demonstrated in learning assignments which are done individually, in pairs or in groups (100 %, 5 ECTS credits). Learning assignments may be quizzes, summaries, essays and/or analyses that are related with the topics of the course. Students' attendance and activity will be checked three weeks after the start of the implementation. The first learning assignment of the course is scheduled in such a way that the student must return it within the first three weeks. If the student does not make this return, his/her enrollment for the course will be rejected.