BC's Indigenous Public Post-Secondary Institute

FNPA-227 - The First Nations Fiscal and - 3.00 Credits

FNPA-227 - The First Nations Fiscal and - 3.00 Credits

Course Details
This course will provide participants with an examination of the First Nations Fiscal and Statistical Management Act (FSMA), including an introduction to the four major institutions created by the FSMA and the enabling tools created by the Act. In addition, the course will provide an opportunity for participants to learn how the enabling tools may be used to strengthen the financial administration and economic development capacities of First Nation communities. The (FSMA) is a Federal Government Act that, in 2005, established four institutions designed to provide First Nation band governments with the practical tools available to other governments for modern fiscal management - to provide for real property taxation powers of First Nations, to create a First Nations Tax Commission, First Nations Financial Management Board, First Nations Finance Authority and First Nations Statistical Institute and to make consequential amendments to other Acts.
Part of the:
  • BUSINESS Department
  • Available/Required in the following Programs:
  • Aboriginal Governance & Leadership Certificate - Diploma Term 1
  • Prerequisites : ENGL-060 , MATH-057 , English 12, English Studies 12, English First Peoples 12, or equivalent; or Foundations of Math 11 or permission of the instructor.
    Course Outline
    Instructors Qualifications: Relevant Master's 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 should be able to:
  • describe the purpose of the First Nations Fiscal and Statistical Management Act (FSMA);

  • list and provide a brief overview of the four FSMA institutions, and discuss the unique purpose of each institution;

  • list and describe the tools afforded by the FSMA in relation to property taxation and credit markets;

  • describe the process whereby FSMA supports and facilitates First Nation governments to become financially certified;

  • clarify how the adoption of FSMA Certification requires an organizational change and cultural shift in the management of First Nation communities, and identify how a “Change Agent” may support and enhance this type of change; and,

  • identify strategies to implement and operationalize the FSMA tools at a community level.
  • Text and Materials:
  • First Nations Financial Management Board (FNFMB). First Nations Fiscal and Statistical Management Act: Learner’s Manual. Current edition. Vancouver. First Nations Financial Management Board.
  • Assorted – Referenced in the Course Pack by article and acts, etc. First Nations Financial Management Board: Course Pack. Current edition. Vancouver. First Nations Financial Management Board.
  • Other Resources:
    Transfer Credits:
    Other Information: For more information visit: www.bctransferguide.ca