Posted by Dr. Alberto Asquer
The capacity to understand how public finances are managed is much needed nowadays, with more and more citizens in a growing number of countries demanding greater accountability in the use of public monies. No longer is public financial management (PFM) only confined to the expertise of accounting professionals. As the media increasingly report on how mismanagement of public monies impacts on the lives of individuals, it has become more apparent that some basic notions of PFM should be part of everyone’s core knowledge about how the public sector works.
In this spirit, the Centre for Financial and Management Studies of the School of Oriental and African Studies (SOAS), University of London, has produced a MOOC (Massive Online Open Course) on “Understanding Public Financial Management: How is Your Money Spent?”. The project was realized in collaboration with FutureLearn, a UK provider of online courses with more than 70 partners around the world. You can visit the course at www.futurelearn.com/courses/public-financial-management and register for the first run, expected in January 2016.