Maricopa Community Colleges  PAD107   19992-20075 
Official Course Description: MCCCD Approval: 10/27/98
PAD107 19992-20075 LEC 3 Credit(s) 3 Period(s)
Public Finance Administration
Basic accounting principles for state and local government. Includes budgeting, financial management, revenue fund management, performance measures, reporting and audits.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
PAD107   19992-20075 Public Finance Administration
1. Summarize state and local government accounting. (I)
2. Differentiate between revenue and expenditure accounting. (I)
3. Describe the budgeting process. (II)
4. Describe the roles of various budget offices. (II)
5. Explain program budgeting. (II)
6. Explain incremental budgeting. (II)
7. Summarize the process for reporting on various funds including Capital Projects, Debt Service, Trust and Agency (Fiduciary), Internal and Enterprise Funds. (III)
8. Read and write a financial statement. (I-III)
9. Explain financial restraint. (IV)
10. Summarize financial restraint in both the public and private sectors. (IV)
11. Define auditing. (V)
12. Explain the process of public sector auditing. (V)
13. Assess the impact of state laws on budget limitation and procurement. (VI)
14. Explain performance measures. (VII)
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MCCCD Official Course Outline:
 
PAD107   19992-20075 Public Finance Administration
    I. Accounting
        A. Governmental and Nonprofit
          1. Environment
          2. Characteristics
        B. State and Local Government
          1. Environment
          2. Objectives
          3. Principles
        C. Types
          1. Budgetary
          2. Revenue
          3. Expenditure
      II. Budgeting
          A. Offices and Their Roles
            1. Agency
            2. Executive
            3. Legislative
          B. Program
          C. Incremental
        III. Reporting
            A. Capital Project Funds
            B. Debt Service Funds
            C. General Fixed Assets
              1. General Long-term Debt
              2. Interfund-Account Group
            D. Measurement Focus and Bias of Accounting (MFBA)
            E. Trust and Agency (Fiduciary) Funds
            F. Internal Service Funds
            G. Enterprise Funds
            H. Financial Reporting
            I. Contemporary Issues
          IV. Financial Restraint
              A. Public Sector
              B. Private Sector
            V. Auditing
                A. Definition
                B. Public Sector
                C. The Single Audit
              VI. State Legislature
                  A. Budget Limitation
                  B. Procurement
                VII. Performance Measures
                    A. Types
                    B. Cost vs. Benefit
                    C. Privatization vs. In-house Government
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