Public Sector Financial Management

Bol

The public sector accounts for nearly one third of the world's economy and has been the subject of a number of substantial changes and developments in the last two decades - and the speed of change affecting the world of the public-sector manager shows no sign of slowing down. While New Public Management and Accrual Accounting improved the information for decision makers and thereby the decision making process itself, long periods of surpluses and the emergence of sovereign wealth funds fundamentally changed the face of public finance. Public Sector Financial Management explores the key themes of this continuing change, and examines the increasing role of markets and competition in the public sector. The book provides the relevant information and guidance for decision-makers in this area, and explains how contemporary financial-management techniques can be applied specifically to the public sector. The author addresses a number of key issues: - looks at public finance targets such as the Maastricht criterion - examines the golden rule in public finance - discusses perfomance budgeting - employs a framework of International Public Sector Accounting Standards (IPSAS) - examines Internal Control and Fiscal Sustainability - provides coverage of XBRL - includes sections on Public Sector Auditing The content reflects the most recent developments in Economics, Public Management, Accounting and Auditing. The learning process is supported by examples, work assignments and topical case studies, making this the ideal text for anyone who wants to understand the key aspects of the subject. Andreas Bergmann is a Professor at the Zurich University of Applied Sciences and Associate Dean of the School of Management. Taking a fully integrated approach, the book is fully in-line with the most recent developments in the public sector environment. It draws together accounting theory and practice for each of the main areas of accounting, providing contemporary examples from a range of public sector experience which are woven into the text to illustrate the issues involved.

Bol Partner

The speed of change affecting the world of the public sector manager shows no sign of slowing down. The third edition of Public Sector Financial Management keeps pace with these changes. The text emphasises the dynamic nature of change and the increasing role of markets and competition in the public sector, examines current practices, and, where appropriate lessons to be learned from the private sector. Completely revised and up-dated this new edition explains how modern financial management techniques are applied to the public sector. The authors adopt a practical approach, using real world examples and useful case studies. Their clear and lucid style makes this book an invaluable aid to learning.