MUBSEP

This course gives students an introduction to the art and science of macroeconomic policy. Monetary policy is about setting short-term interest rates in order to keep inflation low, and stabilising the business cycle. Fiscal policy is about determining the size and composition of government expenditure and about the overall principles of how to finance these expenditures. Monetary and fiscal policy-making influences private consumption and investment decisions. A good understanding of how the two policies work may be considered a great advantage to decision-making in private enterprises and households.

Acquisition of assets is the means by which small businesses are set up and operations are sustained. 

Proper management of these assets is vital to enable the firm achieve its objectives.  

It is vital that finance is raised and allocated timely towards acquisition and sustainability of operations. 

The course therefore introduces students to investment, finance, working capital and earnings distribution decisions that must be made wisely using relevant knowledge and basic skills in financial management.

The course centers mainly on the profit-oriented organizations through the basic principles that can be extended to other forms of organizations as well.

 This course has been designed to provide a practical and theoretical experience for students interested in international business and finance. The course requires student's self-study/drive and being exploratory in nature with issues surrounding finance and global business. It requires drawing from knowledge from courses studied year I- III: using the knowledge to solve issues related to a Global context. Similar in nature to International Finance or Multinational Business Finance, FIB sets the scene for a student to be a problem solver, analytical and solution oriented. The course is taught from a managerial and banker's perspective of global business.

the course is enjoyable and exciting and we hope we shall all learn from each other...........enjoy the course

COURSE OBJECTIVES:

This course aims at providing a deeper understanding of finance and accounting of public sector with specific reference to the public sector organizations including the laws, regulations, Acts and standards followed while preparing accountability in the public sector, the budget system and computerization of government reporting as well as the auditing in the public sector.

On completion of this programme of study, candidates will be able to:

 (a) Discuss the role of accounting information and data, especially in Government;

(b) Appreciate the users of government accounting information;

(c) Identify sources of government revenues and the disbursement procedures;

(d) Identify the accounting concepts, bases and policies of Government;

 (e) Collect, process and transmit financial data on the approved formats; and

 (f) Manage Government funds economically, efficiently and effectively in accordance with the Constitution, laws, rules and regulations.

Teaching/Learning Methodology

Concepts and techniques of public sector finance and accounting are introduced to students through lectures. Case study and class-based exercises will be widely used throughout the course. Emphasis will be on the application of modern finance and accounting techniques to improve the efficiency and effectiveness of financial management and accountability in the public sector of Uganda.