Certification In Public Finance

Complete guide applicable to Public Finance and it’s different concepts: with downloadable resources and examples

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.

Requirements

You should have an interest in Public Finance.

An interest in Importance and Scope of Public Finance, Subject - matter of Public Finance. Developed Countries and Public Finance. 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.

Be interested in getting the knowledge of the development of taxation, Just Distribution of Tax Burden. Expediency theory and Socio-political theory and its evaluation.

Have an interest in understanding involves 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.

Description

DescriptionTake 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 CourseEngaging 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 DebtThe 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 1Introduction and Study Plan· Introduction and know your Instructor· Study Plan and Structure of the Course1. Meaning and scope of public finance1.1. Introduction1.2. Importance and Scope of Public Finance1.3. Functions of Modern States1.4. Subject - matter of Public Finance1.5. Trends in Public Finance1.6. National Debt1.7. Activating Finance1.8. Developed Countries and Public Finance1.9. Under-developed Countries and Public Finance2. Principles of maximum social advantages2.1. Introduction2.2. The Thoughtful Facts While Spending2.3. Maximum Social Advantage3. Issues related to economic activities of Public finance (exp.)3.1. Introduction3.2. Economic effects of public expenditure3.3. Other Effects of Public Expenditure4. Instrument of public finance : concepts and role of budget4.1. Introduction4.2. Some Concepts Associated with Budgets4.3. A ‘Good’ Budget5. Public revenue: revenue receipts and capital receipts5.1. Introduction5.2. Taxes5.3. Characteristics of a Tax5.4. Difference between Fees and Price5.5. Gifts and Grants6. Taxation and its canons6.1. Introduction.6.2. The development of taxation6.3. Canon of Certainty6.4. Canon of Economy6.5. Just Distribution of Tax Burden7. Expediency theory7.1. Introduction.8. Socio-political theory8.1. Introduction8.2. Evaluation of Theory9. Ability to Pay theory: objective and subjective indices9.1. Introduction9.2. Limitations of Subjective Approach Part 210. Impact, shifting and incidence of taxation10.1. Introduction.10.2. Distinction between Impact and Incidence of Taxation10.3. Shifting of Tax10.4. Difference between Tax Avoidance and Tax Evasion11. Theories of tax shifting : concentration and diffusion theory11.1. Introduction.11.2. Importance of Incidence Problem Study12. Diffusion theory12.1. Introduction13. Classification and Choice of Taxes: Direct and indirect, Vat13.1. Introduction13.2. Merits of Direct Taxes13.3. Demerits of Direct Taxes13.4. Merits of Indirect Taxes13.5. Demerits of Indirect Taxes13.6. Definition of Vat13.7. Vat and Sales Tax13.8. Vat and Excise Duty13.9. Various Forms of Value Added Tax13.10. Merits of Vat13.11. Demerits of Vat14. Effects of taxation on production and growth14.1. Introduction14.2. Effects on Ability to Work, Saving and Investment14.3. Effects on the Desire to Work, Save and Invest14.4. Psychological Reaction of the Tax-Payers14.5. Distribution Vs Production14.6. Taxation and Economic Stability14.7. Taxation and Depression15. Public Debt: meaning of Public and Private Debt and its Limitations15.1. Introduction15.2. Comparison between Private and Public Debt15.3. Objectives of Public Debt16. Effect of public debt : public debt and economic growth16.1. Introduction16.2. Loans Versus Taxes16.3. Difference between Taxes and Loans16.4. Redemption of Public Debt16.5. Advantages and Disadvantages of the Public Debt17. Public expenditure17.1. Introduction17.2. Public Expenditure and Economic Life17.3. Other Canons of Public ExpenditurePart 3Assignments· 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 wordsProcess of Public FinanceCase Study of Public FinanceTemplates of Public FinancePublic 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.

Overview

Section 1: Introduction, Meaning and scope of public finance

Lecture 1 Introduction

Lecture 2 2. Unit 1.1. Meaning and scope of public finance (Introduction)

Lecture 3 3. Unit 1.2. Importance and scope of public finance

Lecture 4 4. Unit 1.3. Functions of modern States

Lecture 5 5. Unit 1.4. Subject matter of public finance

Lecture 6 6. Unit 1.5. Trends in public finance

Lecture 7 7. Unit 1.6. National Debt

Lecture 8 8. Unit 1.7. Activating finance

Lecture 9 9. Unit 1.8. Developed countries and public finance

Lecture 10 10. Unit 1.9. Under developed countries and public finance

Section 2: 2. Principles of maximum social advantages

Lecture 11 11. Unit 2.1. Principles of maximum social advantages

Lecture 12 12. Unit 2.2. The thoughtful Facts While Spending

Lecture 13 13. Unit 2.3. Maximum social advantage

Section 3: 3. Issues related to economic activities of Public finance

Lecture 14 14. Unit 3.1. Issues related to economic activities of public finance

Lecture 15 15. Unit 3.2. Economic effects of public expenditure

Lecture 16 16. Unit 3.3. Other effects of public expenditure

Section 4: 4. Instrument of public finance : concepts and role of budget

Lecture 17 17. Unit 4.1. Instrument of public finance concept and role of budget

Lecture 18 18. Unit 4.2. Some concepts associated with budgets

Lecture 19 19. Unit 4.3. A good budget

Section 5: 5. Public revenue: revenue receipts and capital receipts

Lecture 20 20. Unit 5.1. Public revenue revenue receipts and capital receipts

Lecture 21 21. Unit 5.2. Taxes

Lecture 22 22. Unit 5.3. Characteristics of a tax

Lecture 23 23. Unit 5.4. Difference between fees and price

Lecture 24 24. Unit 5.5. Gifts and Grant

Section 6: 6. Taxation and its canons

Lecture 25 25. Unit 6.1. Taxation and it's cannon

Lecture 26 26. Unit 6.2. The development of taxation

Lecture 27 27. Unit 6.3. Canon of certainty

Lecture 28 28. Unit 6.4. Canon of economy

Lecture 29 29. Unit 6.5. Just distribution of tax burden

Section 7: 7. Expediency theory

Lecture 30 30. Unit 7.1. Expediency theory

Section 8: 8. Socio-political theory

Lecture 31 31. Unit 8.1. Socio political theory

Lecture 32 32. Unit 8.2. Evaluation of theory

Section 9: 9. Ability to Pay theory: objective and subjective indices

Lecture 33 33. Unit 9.1. Ability to pay theory objective and subjective indices

Lecture 34 34. Unit 9.2. Limitations of subjective approach

Section 10: 10. Impact, shifting and incidence of taxation

Lecture 35 35. Unit 10.1. Impact, shifting and incidence of taxation

Lecture 36 36. Unit 10.2. Distinction between impact and Incidence of taxation

Lecture 37 37. Unit 10.3. Shifting of tax

Lecture 38 38. Unit 10.4. Difference between Tax avoidance and Tax evasion

Section 11: 11. Theories of tax shifting : concentration and diffusion theory

Lecture 39 39. Unit 11.1. Theories of tax shifting concentration and diffusion theory

Lecture 40 40. Unit 11.2. Importance of Incidence Problem Study

Section 12: 12. Diffusion theory

Lecture 41 41. Unit 12.1. Diffusion theory

Section 13: 13. Classification and Choice of Taxes: Direct and indirect, Vat

Lecture 42 42. Unit 13.1. Classification and Choice of Taxes Direct and Indirect,VAT

Lecture 43 43. Unit 13.2. Merits of Direct tax

Lecture 44 44. Unit 13.3. Demerits of Direct taxes

Lecture 45 45. Unit 13.4. Merits of Indirect tax

Lecture 46 46. Unit 13.5. Demerits of indirect taxes

Lecture 47 47. Unit 13.6. Definitions of VAT

Lecture 48 48. Unit 13.7. VAT and Sales Tax

Lecture 49 49. Unit 13.8. VAT and excise duty

Lecture 50 50. Unit 13.9. Various forms of value added tax

Lecture 51 51. Unit 13.10. Merits of VAT

Lecture 52 52. Unit 13.11. Demerits of VAT

Section 14: 14. Effects of taxation on production and growth

Lecture 53 53. Unit 14.1. Effects of taxation on production and growth

Lecture 54 54. Unit 14.2. Effects on ability to work, saving and investment

Lecture 55 55. Unit 14.3. Effects on the desire to work,save and invest

Lecture 56 56. Unit 14.4. Psychological reaction of the tax payers

Lecture 57 57. Unit 14.5. Distribution vs.Production

Lecture 58 58. Unit 14.6. Taxation and economic stability

Lecture 59 59. Unit 14 7. Taxation and depression

Section 15: 15. Public Debt: meaning of Public and Private Debt and its Limitations

Lecture 60 60. Unit 15.1. Public debt meaning of public and private debt & it's limits

Lecture 61 61. Unit 15.2. Comparison between private and public debt

Lecture 62 62. Unit 15.3. Objectives of public debt

Section 16: 16. Effect of public debt : public debt and economic growth

Lecture 63 63. Unit 16.1. Effect of public debt public debt and economic growth

Lecture 64 64. Unit 16.2. Loans versus Taxes

Lecture 65 65. Unit 16.3. Redemption of public debt

Lecture 66 66. Unit 16.4. Advantages and Disadvantages of public debt

Section 17: 17. Public expenditure

Lecture 67 67. Unit 17.1. Public expenditure

Lecture 68 68. Unit 17.2.; Public expenditure and economic life

Lecture 69 69. Unit 17.3.;Other cannons of public expenditure

Section 18: Assignment and Coursework

Lecture 70 70. Assignment part . Final

Lecture 71 Process of Public Finance

Lecture 72 Case Study of Public Finance

Lecture 73 Templates of Public Finance

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