The City of Providence, RI: A Case Examining the Financial Condition of a U.S. Municipality
Posted: 9 Feb 2015
Date Written: January 31, 2015
This case is intended for use in a wide variety of learning contexts, including undergraduate and graduate government and not-for-profit accounting courses, advanced accounting courses, public policy courses, along with courses that address municipal pensions at the college or university level, or other training programs. The case achieves four primary objectives: developing proficiency in ratio analyses for a municipality, conducting research related to the financial status of a municipality, improving critical thinking and problem-solving skills, and developing an awareness of potential public interest issues facing municipal leaders. We find that students benefit from analyzing the financial condition of the City of Providence and develop critical thinking skills through their analyses.
Keywords: government accounting; municipality; financial distress; ratio analysis, pensions
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