Learning outcome

On completing the course students will:

• Have gained knowledge of local and central government budgeting and accounting practices
• Have acquired knowledge of the principal budget and accounting rules for municipalities and government agencies
• Have gained knowledge of key central and local government financial regulations and key accounting standards
• Be able to finalize municipal and state auditing work based on limited figures

Course Description

The course consists of two main parts: governmental accounting and reporting; and county and municipal-level accounting and reporting.

County and municipal-level accounting and reporting:

• Brief introduction to municipal institutions
• Accounting regulations and principles
• Basic guidelines and special transactions

Year-end accounting and reporting with a focus on:

• The Local Government Act’s financial regulations
• Financial planning and annual budgeting
• Accounting and budgeting regulations
• Municipal accounting standards

State accounting and reporting:

• Brief introduction to state institutions
• The main features of national budgeting and accounting systems
• Main principles of national budgeting and accounting
• Review of parliamentary appropriation regulations and state-financial regulations
• Review of Government White Paper No. 3 and Proposition No. 1
• Financial management and accounting at the institutional level
• Brief overview of accounting organisation in public administration and group accounting arrangements

Teaching and Learning Methods

• 3-4 hours of lectures per week in the spring semester. Work on coursework assignments.

Assessment Methods

Mandatory coursework assignment(s) which must receive a passing grade in order for the student to be entitled to take the final examination.
Individual written final examination, 4 hours.

Minor adjustments may occur during the academic year, subject to the decision of the Dean