Costing and Forecasting
This topic looks at techniques in estimating costs and forecasting revenues and expenditures. It examines practices and concepts including cash forecasting, workload forecasting, the role of costing, and the need for full life-cycle costing.
Topic Learning Outcome: Students will be familiar with the most common and important techniques that public sector managers use to estimate future revenues and expenditures.
Core Concepts associated with this Topic: Activity-Based Costing; Break-Even Analysis; Opportunity Costs of Inventory; Spending Variance.
Queen's University: MPA 827 Financial Management in Canada's Public Sector
Graham, Andrew. 2007. Canadian Public Sector Financial Management. McGill-Queens Press. http://mqup.mcgill.ca/book.php?bookid=2079
Sample Assessment Questions:
1.) What is forecasting? Why is this an important concept for public sector managers to understand for strategic planning purposes?
2.) What is life cycle cost analysis?
Page created by Sean Goertzen and Ben Eisen on 20 May 2015.