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Where does public money go?

In some countries, the government spends relatively little on public programmes and investments; in others, the government is very active in providing citizens with many kinds of public services, which …

What do governments spend money on?

What do governments spend money on, and how has government spending changed? Dr Ben Hardy, Senior Lecturer in Public Policy and Management, explores how changing perspectives on the role of …

Space: the next frontier

“What can you tell me about that?” Sophie Borisenkova pointed at a massive construction yard that she and the Director of the Mars Colony could see through the large windows …

Coming up next week

In this round-up, we recap some of the issues explored in the first week of the course. After making sense of the numbers through financial statements, we cast our gaze …

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 …

What’s the fiscal outlook for Mars Colony?

Patience is over “Ms Borisenkova, I hope that you are satisfied with your review.” After more than four hours of discussions, the financial condition of the Mars Colony looked as …

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, …

Meet the team

It is no exaggeration to say that financial statements provide a crucial source of information for any organisation in the public, private and non-profit sectors alike. A financial statement can …