Financial management and accounting in the public sector

1. The context of public financial management 2. Public sector budgeting 3. Taxation and other sources of income 4. Budget execution 5. Using financial information to make decisions 6. Public procurement 7. Measuring performance and value for money 8. Accountability and financial reporting 9. Audit

This book provides a clear and concise narrative on public financial management, focusing on the art of managing public money rather than a science. This book offering a structure linked to the public financial management cycle, increased coverage of transparency and accountability issues, a broader view of public procurement, and an increased focus on public spending in a post-COVID environment. The practical textbook includes a glossary of terms, learning objectives, discussion questions, and exercises to help students understand the financial and accounting aspects of managing public services.