Last modified: 31 Jul 2023 11:19
This course examines of the special issues concerning the public sector of the economy. It investigates why public sector accounting is different from private sector accounting and examines management accounting, financial accounting and auditing from a public sector perspective. The course will be of interest those wishing to develop knowledge and understanding of the importance of financial management of this segment of the economy. It utilises a research-based set of readings and examples and is highly accessible to accounting students.
| Study Type | Undergraduate | Level | 4 |
|---|---|---|---|
| Term | First Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Offshore | Sustained Study | No |
| Co-ordinators |
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The aim of this course is to develop the students understanding of the nature of the public sector, how it differs from the private sector and how this difference impacts on the accounting and financial management practices in public sector organisations. The course begins with an overview of the history of the public sector before moving on to outline its current characteristics. It considers the influence of government and the many changes that have been implemented in the financial management of the public sector in the last few decades, the most important of which are related to the introduction of new public management principles, modernization of the accounting system and the harmonization with the private sector accounting. The course will cover sources of funding and the distribution of finance for the major elements of the public sector; central government, local government, education, policing and the NHS. The course will also consider the impact of current developments and changes in legislation upon public sector services and critically discuss their impact on the delivery of public sector services. Practical examples will be used to illustrate the accounting and financial management issues involved.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 70 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Summative | Weighting | 30 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Written feedback will be provided. |
Word Count | 2000 | |
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Feedback will be presented after the resit exam board has been held. |
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| Knowledge Level | Thinking Skill | Outcome |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Ability to identify and review relevant academic literature. |
| Conceptual | Analyse | Ability to employ management accounting models and techniques in planning, control and strategic decision making. |
| Conceptual | Evaluate | Knowledge of the regulatory and legal environment of organisations. |
| Procedural | Evaluate | Knowledge and understanding of management accounting theory and practice. |
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