Certification in Public Finance
What you’ll learn
- You will learn the Meaning and scope of public finance. Importance and Scope of Public Finance, Subject – matter of Public Finance.
- Learn Principles of maximum social advantages. The Thoughtful Facts While Spending, Maximum Social Advantage.
- Learn Issues related to economic activities of public finance (exp.), Economic effects of public expenditure.
- Learn Instrument of public finance: concepts and role of budget, Some Concepts Associated with Budgets, A ‘Good’ Budget.
- Learn you will be able to learn public revenue: revenue receipts and capital receipts, Taxes, Characteristics of a Tax and so on related to this.
- Learn Taxation and its canons and different types of the canons of taxations.
- Learn The development of taxation, Just Distribution of Tax Burden. Expediency theory and Socio-political theory and its evaluation.
- Learn about Ability to Pay theory: objective and subjective indices, Limitations of Subjective Approach, Impact, shifting and incidence of taxation,
- Learn Distinction between Impact and Incidence of Taxation and Difference between Tax Avoidance and Tax Evasion.
- Learn about Importance of Incidence Problem Study. Diffusion theory. Classification and Choice of Taxes: Direct and indirect, Vat. Merits and demerits
- Learn Effects of taxation on production and growth and Effects on Ability to Work, Saving and Investment.
- This training will be useful if your job involves Public Debt: meaning of Public and Private Debt and its Limitations.
- Learn Effect of public debt: public debt and economic growth, Loans Versus Taxes and Difference between Taxes and Loans, Redemption of Public Debt.
- Discover how to get the knowledge of public expenditure, Public Expenditure and Economic Life.
Description
Take the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, aspiring manager, budding Professional. This course is an opportunity to sharpen your Public Finance. , increase your efficiency for professional growth and make a positive and lasting impact in the business or organization.
With this course as your guide, you learn how to:
All the basic functions and skills required Public Finance.
Transform meaning of public finance to the importance and Scope of Public Finance, Subject – matter of Public Finance. Developed Countries and Public Finance, Under-developed Countries and Public Finance.
Get access to recommended templates and formats for the detail’s information related to public finance.
Learn useful case studies, public revenue: revenue receipts and capital receipts, Taxes, Characteristics of a Tax and so on related to this. Taxation and its canons and different types of the canons of taxations. Classification and Choice of Taxes: Direct and indirect, Vat. Merits and demerits of Direct Taxes. Merits and Demerits of Indirect Taxes. Vat and Sales Tax. Details about VAT. Merits and Demerits of VAT.
Invest in yourself today and reap the benefits for years to come.
The Frameworks of the Course
Engaging video lectures, case studies, assessment, downloadable resources and interactive exercises. This course is created to Learn about Meaning and scope of public finance. Importance and Scope of Public Finance, Subject – matter of Public Finance. Developed Countries and Public Finance, Under-developed Countries and Public Finance. Principles of maximum social advantages. Public revenue: revenue receipts and capital receipts, Taxes, Characteristics of a Tax and so on related to this. Taxation and its canons and different types of the canons of taxations. The development of taxation, Just Distribution of Tax Burden. Expediency theory and Socio-political theory and its evaluation.
Classification and Choice of Taxes: Direct and indirect, Vat. Merits and demerits of Direct Taxes. Merits and Demerits of Indirect Taxes. Vat and Sales Tax. Details about VAT. Merits and Demerits of VAT. meaning of Public and Private Debt and its Limitations. Comparison between Private and Public Debt. Effect of public debt: public debt and economic growth, Loans Versus Taxes and Difference between Taxes and Loans, Redemption of Public Debt. Advantages and Disadvantages of the Public Debt
The course includes multiple Case studies, resources like formats-templates-worksheets-reading materials, quizzes, self-assessment, film study and assignments to nurture and upgrade your Public Finance in details.
In the first part of the course, you’ll learn the details of the Meaning and scope of public finance. Importance and Scope of Public Finance, Subject – matter of Public Finance. Developed Countries and Public Finance, Under-developed Countries and Public Finance. Principles of maximum social advantages. The Thoughtful Facts While Spending, Maximum Social Advantage. Issues related to economic activities of public finance (exp.), Economic effects of public expenditure. Instrument of public finance: concepts and role of budget, Some Concepts Associated with Budgets, A ‘Good’ Budget and you will learn public revenue: revenue receipts and capital receipts, Taxes, Characteristics of a Tax and so on related to this. Taxation and its canons and different types of the canons of taxations. The development of taxation.
In the middle part of the course, you’ll learn how to develop a knowledge related to ability to Pay theory: objective and subjective indices, Limitations of Subjective Approach, Impact, shifting and incidence of taxation, Distinction between Impact and Incidence of Taxation and Difference between Tax Avoidance and Tax Evasion. Theories of tax shifting: concentration and diffusion theory. Importance of Incidence Problem Study. Diffusion theory.
In the final part of the course, you’ll develop the knowledge related to the Classification and Choice of Taxes: Direct and indirect, Vat.Merits and demerits of Direct Taxes. Merits and Demerits of Indirect Taxes. Vat and Sales Tax. Details about VAT. Merits and Demerits of VAT.Effects of taxation on production and growth and Effects on Ability to Work, Saving and Investment.Public Debt: meaning of Public and Private Debt and its Limitations. Comparison between Private and Public Debt. Effect of public debt: public debt and economic growth and also Public Expenditure.
Part 1
Introduction and Study Plan
· Introduction and know your Instructor
· Study Plan and Structure of the Course
1. Meaning and scope of public finance
1.1. Introduction
1.2. Importance and Scope of Public Finance
1.3. Functions of Modern States
1.4. Subject – matter of Public Finance
1.5. Trends in Public Finance
1.6. National Debt
1.7. Activating Finance
1.8. Developed Countries and Public Finance
1.9. Under-developed Countries and Public Finance
2. Principles of maximum social advantages
2.1. Introduction
2.2. The Thoughtful Facts While Spending
2.3. Maximum Social Advantage
3. Issues related to economic activities of Public finance (exp.)
3.1. Introduction
3.2. Economic effects of public expenditure
3.3. Other Effects of Public Expenditure
4. Instrument of public finance : concepts and role of budget
4.1. Introduction
4.2. Some Concepts Associated with Budgets
4.3. A ‘Good’ Budget
5. Public revenue: revenue receipts and capital receipts
5.1. Introduction
5.2. Taxes
5.3. Characteristics of a Tax
5.4. Difference between Fees and Price
5.5. Gifts and Grants
6. Taxation and its canons
6.1. Introduction.
6.2. The development of taxation
6.3. Canon of Certainty
6.4. Canon of Economy
6.5. Just Distribution of Tax Burden
7. Expediency theory
7.1. Introduction.
8. Socio-political theory
8.1. Introduction
8.2. Evaluation of Theory
9. Ability to Pay theory: objective and subjective indices
9.1. Introduction
9.2. Limitations of Subjective Approach
Part 2
10. Impact, shifting and incidence of taxation
10.1. Introduction.
10.2. Distinction between Impact and Incidence of Taxation
10.3. Shifting of Tax
10.4. Difference between Tax Avoidance and Tax Evasion
11. Theories of tax shifting : concentration and diffusion theory
11.1. Introduction.
11.2. Importance of Incidence Problem Study
12. Diffusion theory
12.1. Introduction
13. Classification and Choice of Taxes: Direct and indirect, Vat
13.1. Introduction
13.2. Merits of Direct Taxes
13.3. Demerits of Direct Taxes
13.4. Merits of Indirect Taxes
13.5. Demerits of Indirect Taxes
13.6. Definition of Vat
13.7. Vat and Sales Tax
13.8. Vat and Excise Duty
13.9. Various Forms of Value Added Tax
13.10. Merits of Vat
13.11. Demerits of Vat
14. Effects of taxation on production and growth
14.1. Introduction
14.2. Effects on Ability to Work, Saving and Investment
14.3. Effects on the Desire to Work, Save and Invest
14.4. Psychological Reaction of the Tax-Payers
14.5. Distribution Vs Production
14.6. Taxation and Economic Stability
14.7. Taxation and Depression
15. Public Debt: meaning of Public and Private Debt and its Limitations
15.1. Introduction
15.2. Comparison between Private and Public Debt
15.3. Objectives of Public Debt
16. Effect of public debt : public debt and economic growth
16.1. Introduction
16.2. Loans Versus Taxes
16.3. Difference between Taxes and Loans
16.4. Redemption of Public Debt
16.5. Advantages and Disadvantages of the Public Debt
17. Public expenditure
17.1. Introduction
17.2. Public Expenditure and Economic Life
17.3. Other Canons of Public Expenditure
Part 3
Assignments
· What do you mean by public finance? Note down the answer in your own words.
· Why different types of cannons of taxation is important? Explain development of taxation in your own words.
· What is the difference between direct and indirect taxes? Note down the answer in your own words
Process of Public Finance
Case Study of Public Finance
Templates of Public Finance
Public finance refers to the management of government revenue, expenditures, and debt in order to achieve various economic and social objectives. It encompasses the processes through which governments collect revenue, allocate resources, and finance public goods and services for the benefit of society. Here are some key aspects of public finance:
Revenue Generation: Governments collect revenue through various sources, including taxes (such as income tax, sales tax, property tax), fees, fines, tariffs, and grants. Revenue generation is essential for funding public expenditures and providing essential services and infrastructure.
Expenditure Allocation: Governments allocate public funds to finance a wide range of expenditures, including education, healthcare, infrastructure, defense, social welfare programs, public safety, and environmental protection. The allocation of funds is guided by policy priorities, societal needs, and budgetary constraints.
Budgeting and Fiscal Policy: Budgeting involves the process of planning, preparing, and implementing government budgets. Fiscal policy refers to the use of taxation, spending, and borrowing by the government to influence economic activity and achieve macroeconomic objectives such as economic growth, price stability, and full employment.
Debt Management: Governments may borrow funds through the issuance of bonds, loans, or other debt instruments to finance budget deficits or capital projects. Debt management involves monitoring and managing government debt levels, interest costs, and repayment schedules to ensure fiscal sustainability and debt affordability.
Public Goods and Services: Public finance plays a critical role in providing public goods and services that benefit society as a whole and cannot be efficiently provided by the private sector. Examples of public goods include national defense, public infrastructure (such as roads, bridges, and utilities), law enforcement, and public health services.
Taxation Policies: Taxation policies influence economic behavior, income distribution, and government revenue. Governments may design tax systems to promote economic efficiency, equity, simplicity, and administrative ease. Taxation policies often involve trade-offs between raising revenue and minimizing distortions to economic incentives.
Public Sector Economics: Public finance is closely related to the study of public sector economics, which examines the role of government in the economy, the efficiency and effectiveness of government interventions, and the impact of public policies on resource allocation, income distribution, and economic welfare.
Inter-governmental Fiscal Relations: Public finance also involves the study of fiscal relations between different levels of government (such as central, state, and local governments) and the mechanisms for revenue sharing, fiscal transfers, and coordination of fiscal policies to promote fiscal sustainability and inter-governmental equity.
Overall, public finance plays a vital role in shaping the economic, social, and political landscape of countries around the world, influencing resource allocation, income distribution, and the overall well-being of citizens.
Who this course is for:
- Professionals with Public Finance- Basic Framework Instrument of public finance: concepts and role of budget. Public revenue: revenue receipts and capital receipts.
- New professionals who are looking to see themselves successful in the Taxation and its canons related to the Classification and Choice of Taxes: Direct and indirect, Vat. Effects of taxation on production and growth and Effect of public debt: public debt and economic growth.
- Existing executive board directors, managing directors who is looking to get more engagement and innovation from their teams and organizations
