BC's Indigenous Public Post-Secondary Institute

FNPA-245 - Advanced Financial Management - 3.00 Credits

FNPA-245 - Advanced Financial Management - 3.00 Credits

Course Details
FNPA 245 critically examines financial management issues within Aboriginal communities, Aboriginal business entities and Aboriginal governments. Discussion and analysis will focus on how future challenges in accountability, corporate governance, and fiscal responsibility can be more effectively managed. This course provides a brief overview of past, present and future financial management issues in First Nation's communities, businesses and governments. The topics for discussion include; the linkage between financial management and strategy, financial management from a stakeholders' perspective, the changing financial management roles and responsibilities, financial analysis - tools and techniques for interpretation, budgeting processes and responsibility accounting, contract management, financial statement reporting - accountability and disclosure, funding acquisition processes, and investment planning processes.
Part of the:
  • BUSINESS Department
  • Prerequisites : BUSM 211,
    Course Outline
    Instructors Qualifications: Relevant Masters Degree.
    Office Hours: 1.5 per week.
    Contact Hours: 45
    Student Evaluation
    Procedure:
    Assignments 50 - 70%, Final 30 - 50%, Total 100 %. Grading procedures follow NVIT policy.
    Learning Outcomes: Upon successful completion of this course, students will be able to:

  • define financial management and discuss its importance in aboriginal communities, aboriginal organizations and aboriginal governments;
    demonstrate an intellectual understanding of financial management and the issues faced by First Nation’s entities in the area of financial management;
  • demonstrate an understanding of financial management within the context of strategic processes;
  • understand the perspectives of stakeholders in relation to corporate governance, social and ethical responsibilities, and financial management;
  • describe the financial management roles and responsibilities within the various aboriginal entities and how these roles and responsibilities are changing and evolving;
  • analyze financial information using financial management tools and techniques;
  • demonstrate an understanding of budgeting processes and the concept of responsibility accounting;
  • practice and develop skills that will improve contract management;
  • describe and understand funding acquisition and investment planning processes;
  • discuss the importance of financial management policies and procedures in aboriginal organizations;
  • understand the financial reporting process in terms of accountability, transparency and disclosure; and
  • continue to gain confidence in the area of financial management through the practice and application of course concepts, technical skills and analytical frameworks.

  • Text and Materials: A variety of articles, web material and reference books will be used during the course and provided to students.

    Reference Books:

  • Parthasarthy, Raghavan. (2007). Fundamentals of Strategic Management. Boston, Houghton Mifflin Company.


  • Thorne, Debbie M., Ferrell, O.C., Ferrell, Linda. (2008). Business and society: A strategic approach to social responsibility. Current edition, Boston: Houghton Mifflin Company.


  • Lasher, William R., Hedges, Peggy, L., Fegarty, Terry.(2006). Practical Financial Management. Current Edition, Toronto: Thompson Nelson.


  • Reference Sites and articles:

    To be provided in class.
    Other Resources:
    Transfer Credits: For more information visit: www.bctransferguide.ca
    Other Information: