PADM 5714 F - Financial Management in First Nations, Metis and Inuit Governments and Organizations

Web course
The evaluation for this course does not include formal seated exams, so no distance proctoring arrangements are required.

Legislation, regulations, and financial management practices that apply in First Nations, Metis, Inuit organizations and governments. Sources and measures to mitigate and eliminate historical disparity, including asset management, strategic investment, and capital aggregation.

A common misconception is that financial management is about learning accounting. This could not be farther from the truth. Sound management overall is a holistic idea that means relating general governance (i.e., how organizations work well) with effective human resources management, policy and decision-making, leadership, program and project management, and a well-organized and functioning financial management system. It is about balancing the accountability of administration with the risks associated with any organization's relationship with its larger external environment and local circumstances. Another key component of this course is to understand the financial management relationship of your local indigenous organization with that of the larger federal and provincial system.

This is not simply a course that will introduce you to preparing and reading financial statements. It will examine the multiplicity of relationships, and how a sound financial management system is built to respond to the needs of these relationships. In this respect, we will be discussing the federal reality a great deal, not as the definitive party to the indigenous-federal government relationship, but that we begin to appreciate the intricacies of systems, and how these play a role in your local systems. We will speak a great deal about your local realities, but discussions will transcend these to larger discussions of what makes a sound financial management system operate according to some key principles such as accountability and risk.

This is a course intended for individuals with little or no experience with financial management concepts and applications.

CRN for section F: 14212

Instructor: Terry Goodtrack

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