What are the consequences of fiscal imbalances?
What happens if a public sector organisation, or government, does not manage its money wisely? Here, Dr Alberto Asquer explores the hard choices faced by managers and politicians, and the …
Course: Understanding Public Financial Management: How Is Your Money Spent?
Using ratios to assess fiscal imbalances
For example, the presence of a net income (ie, a positive ‘bottom line’) is a positive indication that the organisation, on the whole, has generated wealth in an accounting period …
What is a fiscal imbalance?
What is a fiscal imbalance, what are its effects and how should governments balance their books? In this short video, Professor Pasquale Scaramozzino outlines the causes and effects, and examines …
Assets, Liabilities, Income and Expenses
Let’s take a deeper look at the fundamental accounting categories of assets, liabilities, expenses and income. By looking at them in more detail, we can gain important information about the …
What do accounting categories mean?
From assets and liabilities to profits and cash flow: these accounting terms all help us describe and measure earnings and wealth. In this short video, Dr Alberto Asquer helps make …
Stocks and Flows
Financial statements provide a snapshot of the financial condition of an organisation. This snapshot is based on a model of how an organisation operates from a financial perspective, and this …
An auditor on Mars
“Ms Borisenkova. The Captain informs us that we shall land in about 15 minutes.” Sophie Borisenkova woke and looked out the window of her landing craft, hoping to discern some …
What’s in a financial statement?
Let’s use this step to start to explore financial statements. Here, Dr Alberto Asquer explains what they are and outlines a few general principles about their structure and contents. Remember, …
These articles are from the online course:
Understanding Public Financial Management: How Is Your Money Spent?
