Financial Management In The Public Sector : Tools Applications And Cases

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The new edition of Financial Management: Tools and Cases in the Public Sector provides a step-by-step guide on how to use financial management and budgeting tools in public organizations. 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. New edition includes New chapter on debt capacity analysis. This chapter presents a tool that identifies the acceptable level of borrowing for the government an urgent topic for many governments that exceed their debt capability to borrow, which can lead to financial insolvency. New chapter on financial risk assessment. This chapter presents an important tool on how to assess financial risks posed to government and how to reduce possibilities of high-risk financial hardship and insolvency. New appendix on Excel functions. Detailed glossary for each identification and look-up of key terms. Updated text, examples, and cases throughout the book. Larger page size for greater clarity of figures and tables. Features a practical, case study approach, and includes plentiful exercises and examples. “This book is a gem. One of its important strengths is that it enables the reader to understand financial statements, which empowers them to use this information to make vital decisions for their organizations. No manager in government can be competent without this ability, and I know of no better source for learning it than Wang’s book.” John R. Bartle, University of Nebraska at Omaha “My students found the first edition of Professor Wang’s book an inviting and valuable addition to their professional understanding of public financial management, and I am pleased that the new edition continues in that tradition. I am sold on this book!” W. Bartley Hildreth,Georgia State University Table Of Contents Preface Acknowledgements. Part I Tools for Financial Planning: Revenue Forecasting. Resource Development Analysis. Cost Estimation. Cost Comparison. Incremental Cost Analysis. Cost-Benefit Analysis. Part II Tools for Financial Implementation: Financial Performance Monitoring. Cash Management: Determining the Optimal Cash Balance. Part III Tools for Financial Reporting and Analysis: Financial Reporting and Analysis: The Statement of Net Assets. Financial Reporting and Analysis: The Statement of Activities. Financial Reporting and Analysis: Fund-Level Statements. Financial Condition Analysis. Debt Capacity Analysis. Financial Risk Assessments: Analyzing the Risk of Revenue Loss. Appendix A: Introduction to Microsoft Office Excel. Appendix B: Exercises Answer. Glossary. Index.