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HE Unit Template
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Public Finance and Budgeting
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DLGLM1003 - Public Finance and Budgeting
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20250200
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Course
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1.2
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2026-09-10
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Undergraduate
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15
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.125
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080300
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Business and Management
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080300 - Business and Management
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<a href="http://www.federation.edu.au/locate/unit/dlglm1003">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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8
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Bachelor Honours Degree, Graduate Certificate, Graduate Diploma
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Intermediate
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<p>This unit examines the importance of public finance and the use of budgeting techniques as a means of controlling revenue and expenses in local government, aiming to discover the most economic, efficient and effective way to allocate resources to accomplish objectives. Students will gain an understanding of key theoretical frameworks, concepts and practical approaches of modern public sector finance and budgeting; identify sources of funding, prioritising expenditures; and assess what financial concepts can be used to evaluate and manage projects. </p>
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<p>Topics may include:</p>
<ul>
<li>Introduction to modern public sector financial management practices</li>
<li>Tools for public financial planning</li>
<li>Cost and incremental cost analysis</li>
<li>Public investment appraisal techniques</li>
<li>Cost-benefit analysis</li>
<li>Financial performance analysis</li>
<li>Public budgeting</li>
<li>Public debt capacity analysis</li>
<li>Financial risk assessment</li>
</ul>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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Semester
Semester
0200
Year
Year
2027
Current Year
2026
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DLGLM1003 - Public Finance and Budgeting
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DLGLM1003 - Public Finance and Budgeting
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Semester
Semester 1
Semester 2
Summer Semester
Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
Parent Region
Overview
Unit description
<p>This unit examines the importance of public finance and the use of budgeting techniques as a means of controlling revenue and expenses in local government, aiming to discover the most economic, efficient and effective way to allocate resources to accomplish objectives. Students will gain an understanding of key theoretical frameworks, concepts and practical approaches of modern public sector finance and budgeting; identify sources of funding, prioritising expenditures; and assess what financial concepts can be used to evaluate and manage projects. </p>
Unit content
<p>Topics may include:</p> <ul> <li>Introduction to modern public sector financial management practices</li> <li>Tools for public financial planning</li> <li>Cost and incremental cost analysis</li> <li>Public investment appraisal techniques</li> <li>Cost-benefit analysis</li> <li>Financial performance analysis</li> <li>Public budgeting</li> <li>Public debt capacity analysis</li> <li>Financial risk assessment</li> </ul>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080300 - Business and Management
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/dlglm1003">View unit fees</a>
Requisites
Prerequisite
<p> must have completed <a href="/ords/r/curriculum/catalogue/course?p6_code=DLGLM1000" target="_blank">DLGLM1000</a></p>
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Describe the foundations of public sector finance, including cost concepts, cost classifications, cost allocation, and accumulation for local government planning and control. </p>
K2
<p>Describe the financial tools and techniques to analyse and evaluate financial decisions accurately. </p>
K3
<p>Assess the financial sustainability of local government while achieving operational objectives, including the review of the finance and treasury functions in local government; financial policies; and analysis of local government income and expenditure; and drafting and managing budgets. </p>
K4
<p>Assess how financial concepts can be used to evaluate the feasibility and support the management of projects in local government. </p>
S1
<p>Demonstrate theoretical and practical knowledge of the finance function to evaluate the effects of alternative economic and financial policies. </p>
S2
<p>Conduct financial analysis and reporting </p>
S3
<p>Demonstrate skills in planning, developing, and implementing budgets, through the preparation of reports, draft budgets, forecasts, and analysis of financial information. </p>
A1
<p>Appraise and communicate financial information and concepts to key stakeholders for controlling, and decision-making purposes. </p>
A2
<p>Assess options for ensuring financial sustainability in local government through management of income and expenditure. </p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Group/individual presentation and or task</p>
<p>Presentation</p>
<p>20 - 40%</p>
K1, K2, K4, S1, S2, A1, A2
2
<p>Final report on public finance & budgeting</p>
<p>Written Report</p>
<p>60 - 80%</p>
K2, K3, K4, S1, S2, S3, A1, A2
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080300 - Business and Management
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/dlglm1003">View unit fees</a>
Additional information
Cards Section - Non Research
Add Info Static Text
Internal reference: DLGLM1003 - U1.2