Financial (Public) Management


Degree Program: Social Administration/ Social Policy and Administration Pathway (6th semester – elective)

Degree Program: Political Science (8th semester – elective)

Teaching hours: 3 per week-ECTS 5

Course tutor:Nikolaos Polyzos, Professor

CV: http://www.socadm.duth.gr/staff/faculty/Polyzos.shtml

e-mail: npolyzos@socadm.duth.gr

web-site: http://www.socadm.duth.gr/undergraduate/course/

eclass: https://eclass.duth.gr/eclass/courses/

Course Description and Purpose:

The objective of this course is to introduce students to the processes leading to the emergence of financial problems and the impact they have on the public sector. Examines processes in macro-economic, but mainly in micro-economic, perspective and management. Furthermore, the study focuses on mechanisms to address financial problems in order to describe and analyze organizational issues, accounting systems, logisticssystems, pricing policies and cost accounting, etc.

Course outline:

I. Major Financial Problems in the modern world

  • Description and content
  • Causes and measurement based on indicators
  • Hierarchy of problems and proposals.

The basic financial problems addressed in this context are: expenditure, public-private, composition, distribution, market, demand, supply, objectives (efficiency-effectiveness) etc.

II. Organization of Finance Departments of Public Body

  • Forms of Financial Management
  • Basic forms of economic organization (segmentation, etc.)
  • Control (concepts, types, internal-external, procedures)
  • Basic approaches to budgets-reports and their monitoring mechanisms
  • Procurement, inventory, pricing, etc.

III. Public Accounting, Financial and cost accounting

  • Contents and accounts structure – Coding
  • Wiring accounts and connecting subsystems
  • Cost accountingof departments and services and information support.

Learning objectives:

Upon completion of the course students should:

(a) Identify and describe the procedures for macroeconomic evaluation of public systems or functions (with an emphasis on healthcare)

(b) To describe the current mechanisms of financial management or those that should be applied in the public sector in order to achieve efficient use of resources.

(c) Be able to describe basic concepts of financial management relating to procurement, inventory, pricing and information systems.

(d) Have the analytical tools necessary to identify the means and the basic objectives of accounting systems (public accounting, financialand cost accounting).

Assessment:

Written examswith questions or exercises at the end of the semester (100%).

Relevant assignment (receding notice).

Bibliography

Compulsory

  • Πολύζος Ν., 2007, Χρηματοοικονομική Διοίκηση (Μονάδων Υγείας), Εκδ. Διόνικος
  • Τραχανάς Κ., 1994, Οικονομική της Διοίκησης, Εκδ. Σταμούλη

Optional

  • Αρτίκης Γ., 2010, Χρηματοοικονομική Διοίκηση. Ανάλυση και Προγραμματισμός, Εκδ. Σταμούλη
  • Αποστολόπουλος Ι., 2012, Ειδικά Θέματα Χρηματοδοτικής Διοίκησης, Εκδ. Σταμούλη