ajs574 | Graduate

Finance And Budgeting In Justice And Security

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This course introduces fundamental concepts of using financial tools and analysis for effective managerial decision making in criminal justice and security. Topics include the role of the financial management in the criminal justice and security organization, concepts and principles underlying financial practices, and operational planning and budgeting.

This graduate-level course is 6 To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 6

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    Capital Procurement and Strategic Budget Strategies

    • Describe multi-year capital procurement, bonds, public safety initiatives, and state and federal grant processes.
    • Evaluate how an organization's current and future operational policies affect budgets.
    • Develop the cost of organizational operational options.
    • Evaluate long-term financial alternatives using financial analysis.
    • Identify challenges when creating new program budgets.

    Financial Management Principles

    • Recommend organizational alternatives using financial analysis.
    • Explain the importance of making informed financial decisions.
    • Identify the key players in the local, state, and federal budget process.
    • Explain key financial decision-making tools.
    • Evaluate financial analysis methods.

    Present and Projected Cost of Services

    • Explain the components of a budget control system.
    • Determine present and future cost of criminal justice and security operational services.
    • Analyze public policy and trends related to budgets at local, state, and federal levels.

    Managerial Budgeting

    • Describe the different cost descriptors.
    • Explain the ethical implications of managing a criminal justice agency budget.
    • Differentiate the competitive-bid and sole source justification processes.
    • Apply cost-benefit analysis to an organizational situation.

    Annual Budget, Mid-Year Review, and Short-Term Techniques

    • Assess inventory and infrastructure costs.
    • Compare budget management techniques.
    • Evaluate methods of short-term budget analysis.

    Financial Contingency Planning and Sustainability

    • Explain the concept of financial contingency planning.
    • Identify the sources of temporary assistance, funding, and assets.
    • Describe the budgetary impact on the cost of catastrophic events.
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    Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.