Financial Management in the Public Sector: Tools, Applications, And Cases

The new edition of this popular book provides a step-by-step guide on how to use financial management and budgeting tools in the public sector. The book features a practical, case-study approach, and includes plentiful exercises and examples. It is designed as a textbook for courses on public financial management or public budgeting that focus on the application of budgeting and financial management tools. Public service professionals will also benefit from this handy primer.

Key changes to this edition:

• Chapter 9 has been rewritten to reflect the latest changes recommended by Governmental Accounting Standards Board (GASB) Statement No. 63 and No. 65 on reporting deferred resources in the statement of net position in US state and local governments. Subsequent changes were also made in Chapters 7, 10, and 11;


• Based on recommendations from adopting professors and students, more exercise questions are included at the end of each chapter, with a new discussion section also added to the exercise sets in each chapter. The development of these new questions was partly based on Government Finance Officers Association (GFOA)'s recommendations on best practices in budgeting and finance in government;


• The introduction to Excel (Appendix A) was extended to cover Excel 2010 and Excel for Mac.