FI430 Public Financial Management

for SP 2012

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


FI 430 Public Financial Management


SP 2012 HO


Naseem Al Rahahleh


Assistant Professor of Finance


Ph.D. - University of New Orleans
M.S. - University of New Orleans
M.S. - Yarmouk University

Office Location

MacKay 27E

Office Hours

Mondays and Wednesdays: 12:00noon to 1:30pm; Wednesdays and Fridays: 9:15am to 10:00am; Tuesdays: 2:00-5:30pm

Daytime Phone

(816) 584-6376


Semester Dates

Monday, Jan. 16, 2012 to Sunday, May 13, 2011

Class Days


Class Time

10:00am:10:50am , MC31


AC 201 and AC 202

Credit Hours



Steven A. Finkler, Financial Management for Public, Health, and Not-for-Profit Organizations, Third Edition, 2010, Prentice Hall, ISBN: 0136070736.

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

1.      Financial Calculator: I will use Texas Instruments BA II Plus Financial Calculator for classroom demonstration. We will also use spreadsheet program such as Excel for Capital budgeting problems.

2.      E-Companion Course site: lecture slides, homework Problems.  

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Course Description:
FI430 Public Financial Management: A study of financial functions performed in public and not-for-profit organizations with emphasis on financial reporting, budgeting, and accounting processes. Prerequisite: AC201 and AC202 3:0:3

Educational Philosophy:

1.      Create a positive learning environment by being clear and understandable, acknowledging the student interests and their diverse talents, providing prompt feedback.

2.      Try to teach the students the basics of learning. Critical thinking will not be achieved if the students are not getting the main idea of the subject. Ultimately, I target the quality of learning and not the quantity.

3.      Motivate my students to engage in class activities and into class discussion.

  Instructor Learning Outcomes

  1. Describe the financial goals of the public sector organizations.
  2. Demonstrate an understanding of the principles that form the foundation of public financial management.
  3. Ability to evaluate the fiscal health of public sector organizations.
  4. Describe the key concepts utilized in the public budgeting and financial management.
  5. Ability to address public financial management issues of the public sector.
Class Assessment:

There will be two exams and a final. All exams are closed book/closed notes. The final is comprehensive in nature and will take place as indicated on the university schedule. Make-up exam can only be given before the actual exam. Unless there is a reason beyond your control, e.g. automobile accident, medical excuse, you are expected to take the exam with the rest of the class. Please note that there will be no makeup unless you present a documented proof (e.g. a doctor’s/hospital note) for your absence. Please also note that if you absolutely cannot make it then you must let me know before the exam.

Homework Assignments:
I will assign homework for each subject. You are expected to work through these problems individually and turn them for grade. The homework questions are selected from the problems that appear at the back of each chapter.

Project/Case Study:
You are required to analyze and write up a report on one case. The case that you will analyze will be given to you on the fourth week of class. The cases will be selected from your textbook. You should answer all questions and show your work. 


Exam 1: 20%
Exam 2: 20%
Project (Case study): 15%
Homework Assignments: 15%
Final Exam: 30%

The following grading scale will be used in determining your final letter grade:
90 – 100          A
80 – 89            B
70 – 79            C
60 – 69            D
Below 60          F

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:

Points will be deducted for late assignments. Late homework will be penalized at the rate of 10% per day, unless a plausible and documented excuse is presented. Assignments more than 2 days late will not be accepted.

Classroom Rules of Conduct:

Class disruptions will not be allowed. Students are expected to assist in maintaining a classroom environment that is conducive to learning. To assure that students have an opportunity to gain from the time spent in class; students are prohibited from using cell phones or beepers, reading newspaper, sleeping or engaging in any other form of distraction. No food or drinks (except water) allowed in classroom.

If you do not understand the material, it is your responsibility to ask questions. Students are encouraged to ask questions during lecture and after lecture to receive clarification about the material we have covered. You can also see me during my office hours.

Course Topic/Dates/Assignments:

 Tentative Class Schedule:

This Course Outline is a general guideline. Deviation may be necessary. Students are responsible for all announcements made in class or posted on eCompanion Course site.



Jan. 16, 2012

Martin L. King Holiday

No Class

Jan. 18, 2012

Introduction and Overview-Schedule, Grading, Class Policies.

Jan. 20, 2012

Introduction: Setting the Stage

Ch.1: Introduction to Financial Management

Jan. 23, 2012

Jan. 25, 2012

Jan. 27, 2012

Planning Stage: Basic Budgeting Concept

Ch.2: Planning for Success: Budgeting

Jan. 30, 2012

Feb. 01, 2012

Feb. 03, 2012

Feb. 06, 2012

Planning Stage: Understanding of Costs

Ch.4: Understanding Costs 

Feb. 08, 2012

Feb. 10, 2012

Feb. 13, 2012

Feb. 15, 2012

Planning Stage: Capital Budget and Capital Budgeting

Ch.5: Capital Budgeting 

Feb. 17, 2012

Feb. 20, 2012

President’s Day

No Class

Feb. 22, 2012

Planning Stage (Con’t)

Ch.5: Capital Budgeting

Feb. 24, 2012

Feb. 27, 2012



Feb. 29, 2012

Exam 1

1, 2, 4, 5

Mar. 2, 2012

Planning Stage: Equity financing and debt financing

Ch.6: Long Term Financing

Mar. 5, 2012

Mar.7, 2012

Mar.9, 2012

Implementation Stage: Techniques to maximize the benefit of short resources and minimize the cost of short term obligations

Ch.7: Managing Short-Term Resources and Obligations

Mar. 12, 2012

Spring Break   

No Class

Mar. 14, 2012

Spring Break   

No Class

Mar.16, 2012

Spring Break   

No Class

Mar.19, 2012  

Implementation Stage (Con’t)

Ch.7: Managing Short-Term Resources and Obligations  

Mar.21, 2012  

Mar.23, 2012  

Mar. 26, 2012

Reporting Results: Balance Sheet 

Ch.9: Taking Stock of Where You Are: The Balance Sheet 

Mar. 28, 2012



Mar. 30, 2012

Exam 2


Apr.2, 2012

Reporting Results: Balance Sheet (Con’t)

Ch.9: Taking Stock of Where You Are: The Balance Sheet

Apr. 4, 2012

Apr. 6, 2012

Apr. 9, 2012

Reporting Results: The activity and Cash Flow Statement

Ch.10: Reporting the Results of Operations: The Activity and Cash Flow Statements 

Apr. 11, 2012

Apr. 13, 2012

Apr. 16, 2012

Special Reporting: Non-for-Profit and Health Care Organizations 

Ch.11: Unique Aspects of Accounting for Non-for-Profit and Health Care Organizations 

Apr. 18, 2012

Apr. 20, 2012 

Apr.23, 2012

Special Reporting: State and Local Government 

Ch.12: Unique Aspects of Accounting for State and Local Governments-Part I: The Recording Process

Apr. 25, 2012

Apr. 27, 2012

Apr. 30, 2012

Ch.13: Unique Aspects of Accounting for State and Local Governments-Part II: Reporting Financial Results

May 2, 2012

May 4, 2012


May. 07, 2012

Final Exam: 10:15 -12:15


Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty ( or Park University 2011-2012 Undergraduate Catalog Page 93

Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. from Park University 2011-2012 Undergraduate Catalog Page 93

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2011-2012 Undergraduate Catalog Page 96

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


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Last Updated:1/3/2012 6:28:23 PM