Understanding Public Financial Management: How Is Your Money Spent? (FutureLearn)

Understanding Public Financial Management: How Is Your Money Spent? (FutureLearn)

How do governments acquire and spend public money? Take a fresh look at public financial management with this free online course. How does the Covid-19 pandemic affect the public finances of governments? What went wrong in Greece’s handling of its public debt? How did a city government like Detroit go from prosperity to bankruptcy? And how could the looting, theft and corruption in Malawi’s “cashgate” have been avoided?

Class Deals by MOOC List - Click here and see FutureLearn's Active Discounts, Deals, and Promo Codes.

We are all concerned about where “our” money goes. We all want good roads and schools, thriving industry, and personal and national security, but how can we be sure that public monies are being managed properly, and how can we hold those in charge to account?

Understand and evaluate the management of public finances
This free online course will provide you with the knowledge and tools to understand and evaluate the management of financial resources across the public sector, wherever you are.
Drawing on the expertise of the Centre for Financial and Management Studies at SOAS, University of London, we’ll look at:

  • how governments and public sector organisations obtain financial resources through taxation, fees, charges, natural resources and other means;
  • how public sector organisations decide to use financial resources for attaining public policy goals and implementing public programmes;
  • how public sector organisations report their financial performance to the public;
  • how the use of public financial resources is audited;
  • and how governments are made accountable for their financial decisions.

By the end of the four-week course, you will be able to:

  • understand the basics of public financial management;
  • read simple public sector financial statements;
  • explain how governments raise finance through various means;
  • explain how the budget process works at national and sub-national levels;
  • understand how auditing is conducted in public sector organisations;
  • and understand how public sector organisations are held accountable to the public.

What topics will you cover?

  • Understanding financial statements: an examination of the information contained in common accounting terms
  • Fiscal imbalances: causes and consequences
  • Understanding public sector spending: how governments spend public money to implement public policies and execute programmes and projects
  • Planning and budgeting: an analysis of how public expenditure decisions are made
  • Evaluating public expenditures: understanding the effect of public spending decisions
  • Cutting expenditures and the austerity agenda: how government austerity policies are used to reduce government activity
  • Common sources of public revenues, including inter-governmental transfers, and alternative sources used by governments across the world
  • Taxation: an exploration of the advantages and disadvantages of taxation, custom duties and fees, and their uses, from behavioural change to stimulating business activity
  • Auditing and accountability: exploring the concept of accountability and explaining the importance of corporate governance in ensuring government accountability
  • Understanding public governance: exploring how the crisis of public administration has led to financial disaster in cities like Detroit

What will you achieve?
By the end of the course, you‘ll be able to...

  • Explore and understand the basics of public financial management
  • Interpret and reflect on simple public sector financial statements
  • Explain how governments raise finance through various means
  • Explain how the budget process works at national and sub-national levels
  • Discuss how auditing is conducted in public sector organisations
  • Explore how public sector organisations are held accountable to the public
Go to Class
MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Related Courses

Investments I: Fundamentals of Performance Evaluation (Coursera) Coursera
University of Illinois at Urbana-Champaign

Investments I: Fundamentals of Performance Evaluation (Coursera)

In this course, we will discuss fundamental principles of trading off risk and return, portfolio optimization, and security pricing. We will study and use risk-return models such as the Capital Asset Pricing Model (CAPM) and multi-factor models to evaluate the performance of various securities and portfolios. Specifically, we will learn how to interpret and estimate regressions that provide us with both a benchmark to use for a security given its risk (determined by its beta), as well as a risk-adjusted measure of the security’s performance (measured by its alpha).

Jun 17th 2026
4 Weeks
Introduction to Trading, Machine Learning & GCP (Coursera) Coursera
New York Institute of Finance,Google Cloud

Introduction to Trading, Machine Learning & GCP (Coursera)

In this course, you’ll learn about the fundamentals of trading, including the concept of trend, returns, stop-loss, and volatility. You will learn how to identify the profit source and structure of basic quantitative trading strategies. This course will help you gauge how well the model generalizes its learning, explain the differences between regression and forecasting, and identify the steps needed to create development and implementation backtesters. By the end of the course, you will be able to use Google Cloud Platform to build basic machine learning models in Jupyter Notebooks.

Jun 15th 2026
4 Weeks
The Essential Financial Management Toolbox for Film, Screen and Broadcast (FutureLearn) FutureLearn
Australian Film Television and Radio School - AFTRS

The Essential Financial Management Toolbox for Film, Screen and Broadcast (FutureLearn)

Discover how managing finances dictates your creative business world. Learn key tools needed for successfully financed projects. Become Empowered in Financing Creative Projects Arm yourself with a deeper understanding of the financial skills required to begin the journey to successfully financing a new project.

Aug 16th 2021
3 Weeks
Principles of Wealth Management (FutureLearn) FutureLearn
Hanken School of Economics

Principles of Wealth Management (FutureLearn)

Introduce yourself to the world of finance and wealth management with this engaging course from the Hanken School of Economics. Learn the skills you need to grow and manage wealth over time. Relying on a strong theoretical background, this fascinating course educates you in the basic concepts of finance and wealth management - including diversification, risk and return and market efficiency - and how to grow and manage wealth over time.

Sep 2nd 2024
5-12 Weeks
Finanzas personales (Coursera) Coursera
Universidad Nacional Autónoma de México

Finanzas personales (Coursera)

Este curso dotará a sus participantes con las herramientas que le permitirán llevar a cabo una planeación financiera personal y entender la necesidad de salvaguardar su patrimonio y recursos financieros, así como los requerimientos mínimos que se deben considerar para tomar buenas decisiones financieras.

Jun 15th 2026
3 Weeks
Finance for Non-Financial Managers (Coursera) Coursera
Emory University

Finance for Non-Financial Managers (Coursera)

Finance is for “Non-financial Managers” who want to understand key financial principles and apply them in a real-world context. Over the course of the program window, you will work your way through a series of nine modules that move from understanding basic financial principles to applying financial analysis and ratios to drive decisions.

Jun 15th 2026
5-12 Weeks
Matemáticas financieras (Coursera) Coursera
Universidad Nacional Autónoma de México

Matemáticas financieras (Coursera)

En el curso matemáticas financieras se explica la relación que tiene el dinero y su valor a través del tiempo. Se abordan los temas de interés simple, interés compuesto, anualidades, perpetuidades, amortizaciones, valor presente y valor futuro, todos ellos elementos básicos que el administrador financiero deberá aplicar en los análisis de opciones de inversión o financiamiento.

Jun 15th 2026
5-12 Weeks
Finance For Everyone: Value (Coursera) Coursera
McMaster University

Finance For Everyone: Value (Coursera)

In Value, you will explore the most powerful generator of value in the world – ideas. Ideas are the engines of productivity, both in the private and public sectors. You will learn about the universal frameworks that determine how ideas and money interact, leading to the allocation of financial resources. We will identify components of cash flow for any project, business or venture as the most essential ingredients of value. We also assess the investment techniques used to give life to some ideas while killing others.

Jun 15th 2026
4 Weeks
Finance Fundamentals: Investment Theory and Practice (FutureLearn) FutureLearn
The Open University

Finance Fundamentals: Investment Theory and Practice (FutureLearn)


Look at the investment choices open to you, and the risks and returns of each. Start managing your financial future effectively. Ensure your investments are effective and match your risk-return appetite. Research shows that UK households are poor at investment management, with a limited understanding of choices, risks and returns. This could mean that many people cannot afford to retire in future.

No sessions available
4 Weeks
Securing Investment Returns in the Long Run (Coursera) Coursera
University of Geneva

Securing Investment Returns in the Long Run (Coursera)

In this course, you will learn about the famous dichotomy between active and passive investing, how to appropriately measure and analyze investment performance and what the future trends in the investment management industry are. You will first learn about absolute and relative performance, risk-adjusted returns and how to decompose investment performance. The focus will then shift to the two main categories of investment vehicles, active and passive funds, and what they entail in terms of expected performance.

Jun 15th 2026
4 Weeks
Financial Analysis for Startups (Coursera) Coursera
Yonsei University

Financial Analysis for Startups (Coursera)

In the previous two courses, you have learned how to value startups using the discounted cash flow method and multiple methods. However, you have not learned how to estimate cash flows or earnings of startups. In this course, you are going to learn the concepts and usage of financial ratios. Using financial ratios such as profitability, liquidity, leverage, efficiency, and growth, you can tell financial health of a startup.

Jun 15th 2026
4 Weeks