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Government Finance Statistics
Explore the practical and conceptual elements of fiscal statistics’ data compilation and dissemination with the Government Finance Statistics programme by edX.
Beginner
Online
8 Weeks
Free
Quick facts
particular | details | ||
---|---|---|---|
Medium of instructions
English
|
Mode of learning
Self study
|
Mode of Delivery
Video and Text Based
|
Learning efforts
4-6 Hours Per Week
|
Course overview
The Government Finance Statistics certification course, curated by the Statistics Department of the International Monetary Fund (IMF), is an introductory and self-paced study. The programme allows you to explore the practical and theoretical elements of the compilation and dissemination of fiscal statistics as per international standards. The data helps facilitate international economic comparisons and evaluate the effect of government’s activities on any country’s economy.
The Government Finance Statistics online course utilises the IMF’s Government Finance Statistics Manual 2014’s Government Finance Statistics (GFS) framework to examine data compilation’s practical aspects. The curriculum discusses the definitions, basic concepts, classifications and presentation tables, and accounting rules of the GFS framework. This Economics and Finance training also teaches you the value of comprehensive, internationally comparable, and consistent GFS.
Moreover, at the Government Finance Statistics programme end, you will be adept at using the key GFS indicators in monitoring, designing, and evaluating fiscal policies. The training entails no prerequisites and has an estimated 10-week duration. The instructors are experts from the economics and finance domain, all presently working with the IMF. EdX provides two options to enrol in the course; the verified and audit tracks. In the verified track, the learners will have to pay the course fee and will get unlimited access to the programme and a certificate of completion. Whereas in the audit track, they can access it free of cost and audit for a limited duration.
The highlights
- Statistics Department, International Monetary Fund (IMF) course
- Introductory level
- Economics and finance program
- 8-week-long training
- 4-6 hours (weekly)
- Free to enroll (audit track)
- Purchasable edX credential (for the verified track)
- Self-paced certification curriculum
- Languages available in English
- Expert faculty from IMF
Program offerings
- Certificate
- 10-week-long training
- Free to enrol (audit track)
- Self-paced
- Expert faculty from imf
- Purchasable edx credential (for the verified track)
- 4-6 hours (weekly)
Course and certificate fees
Type of course
The Government Finance Statistics certificate is available at a fee.
Fee structure
Course Name | Fees in INR |
Certificate | Rs.2,071 |
certificate availability
certificate providing authority
certificate fees
Eligibility criteria
For the Government Finance Statistics training by edX, there are no academic or professional prerequisites.
What you will learn
After you finish edX’s Government Finance Statistics syllabus, you will excel in the following:
- Classifying the basic government flows and stock positions as per the GFSM 2014
- Explaining the definitions, accounting principles, basic concepts, classifications and presentation tables in the GFS framework
- Applying various general principles to classify entities in the relevant subsectors and the public sector, including the public corporations and the general government
- Explaining the way analytical balances are calculated and the main GFS aggregates
- Recording stocks and fiscal flows related to the activities from the public sector entities, following the GFSM 2014 classifications and guidelines
- Developing a migration plan which can adopt the GFSM 2014 methodologies
- Understanding what these calculations say about the impact of government’s activities on the economy
- Recognising the value of internationally comparable, comprehensive, and consistent GFS
- Compiling and disseminating GFS as per the international guidelines
- Using key GFS indicators in designing, monitoring, and evaluating fiscal policies
Admission details
Step 1: The Government Finance Statistics certification course page can be reached by its website
Step 2: Review the course content, instructor bio, curriculum, programme duration, sample certificate, fees details, enrolment session, and more. Pick an available session (self-paced) and click on ‘Enroll Now’. It is a red-coloured option on the top.
Step 3: You can either sign up on edX or sign in for enrolment. Signing in requires the existing login credentials. Signing up requires using any personal/professional email ID or social profile credentials.
Step 4: After logging in, the course registration is successfully done.
Filling the form
To enrol in the Government Finance Statistics certification course, you may set up a new edX profile. In the process, edX requests your full name, residence country name, and email address. Have a unique user ID and password to sign in to your future edX learning sessions. Moreover, your Google/Facebook account or Apple/Microsoft profile credentials or can also be used for signing in.
The syllabus
Module 0: Course Overview
Entry Survey and Pre-Course Test
- Entry Survey
- Pre-Course Test (25 Questions)
Module 1: Government Finance Statistics Framework
- Why Do We Need the Government Finance Statistics Framework? (6 Questions)
- Key Concepts in the GFS Framework (5 Questions)
- GFS Summary Statements (8 Questions)
- Coding System in the GFS Framework (2 Questions)
- Summary
Module 2: The Accounting Rules
- Double-entry Accounting, Time of Recording Flows, Accrual of Interest, Arrears (5 Questions)
- Valuation, Currency, Netting of Flows and Stocks Positions (6 Questions)
- Consolidation (11 Questions)
- Summary
Module 3: Institutional Units and the Public Sector
- Institutional Units and Sectorization in the GFS Framework (12 Questions)
- Delineating the Public Sector (10 Questions)
- Summary
- Ask the expert
Module 4: Revenue Transactions
- Concept of GFS Revenue (5 Questions)
- Revenue Classification (5 Questions)
- Recording of Taxes (4 Questions)
- Recording of Social Contributions, Grants, and Other Revenue (5 Questions)
- Time of Recording Issues for Revenue (4 Questions)
- Summary
Module 5: Expense and Expenditure Transactions
- Concept of GFS Expense (5 Questions)
- Economic Classification of Expense (5 Questions)
- Transactions in Nonfinancial Assets (5 Questions)
- Time of Recording for Expenses and Expenditure (4 Questions)
- Classification of the Functions of Government (COFOG) (4 Questions)
- Summary
Module 6: The Integrated Balance Sheet
- Overview of the Integrated Balance Sheet (5 Questions)
- Transactions in Financial Assets and Liabilities (5 Questions)
- Other Economic Flows in Assets and Liabilities (9 Questions)
- Stock Positions in Financial Assets and Liabilities (8 Questions)
- The Integrated Balance Sheet (3 Questions)
- Summary
- Ask the Expert
Module 7: The GFS Plan: Implementation and Dissemination
- GFS Plan: Where to Begin? (7 Questions)
- The GFS Compilation Process (6 Questions)
- GFS Dissemination (4 Questions)
- Summary
Module 8: Using GFS for Policy Purposes
- Uses of GFS (8 Questions)
- The GFS Framework and Fiscal Policy (5 Questions)
- GFS and Other Macroeconomic Statistics (4 Questions)
- GFS in Macroeconomic Policymaking and Analysis (5 Questions)
- Summary
Post-Course Test and Final Course Survey
- Post-Course Test (25 Questions)
- Final Course Survey
How it helps
The Government Finance Statistics course benefits include a verified edX accreditation that highlights your economics and finance domain expertise. Besides, you will be well-versed in government finance statistics (GFS). You will also get to learn from industry pundits at the IMF.
The edX Government Finance Statistics certificate also certifies your skills and adds credibility to your job profile on LinkedIn, CV, resume, job application, social media, and more.
Instructors
Mr Alberto F. Jiménez de Lucio
Economist and Business administrator
International Moneta...
Other Masters, Ph.D
Mr Hendrik Tillmann-Zorn
Public Finance Expert
International Moneta...
Ph.D
Mr Ethan Weisman
International Economist
International Moneta...
Mr David Bailey
Senior Economist
International Moneta...
Other Masters
FAQs
Yes. This course is created and delivered by the IMF Statistics Department.
Alberto F. Jiménez de Lucio, Economist and Business administrator at the IMF; Hendrik Tillmann-Zorn, Public Finance expert at the IMF; Ethan Weisman, International Economist at the IMF, and David Bailey, Senior Economist at the IMF are your instructors.
no
You receive limited access to Government Finance Statistics training materials and edX support.
The self-paced training runs for 8 weeks. A weekly commitment of 4-6 hours may be required.
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