Effective Financial Management in Public and Nonprofit Agencies, Third Edition

Book flyer
MS Word
International
MS Word

Jerome B. McKinney

ISBN: 1-56720-580-1

ISBN-13: 978-1-56720-580-0

DOI:

608 pages

Praeger Publishers

Publication: 6/30/2004

List Price: $76.95 (UK Sterling Price: £53.95)

Discount Price: $38.48 Sale Price for U.S. Customers Only. Save 50%. Ends 12/31/2009.

Availability: In Stock

Media Type: Hardcover

Trim Size: 6 1/8 x 9 1/4

Subjects:

Description: Financial management has emerged as a critical force in everyday management. Revenue flow has suffered from three years of economic decline on the rising costs of governmental programs, along with citizens' demands for more cost-effective delivery of goods and services—even as they resist tax and fee increases. Public managers and not-for-profit organizations are forced to make creative use of their scarce financial resources. This new and updated edition retains the best of its predecessor. Attention is focused on the Government Performance Act of 1993 and how it has influenced the development, use, and implementation of performance measures to maximize accountability. The Government Accounting Standards Board Rule #34, which has had a revolutionary impact on government financial reporting, is carefully examined. A comprehensive and holistic approach to auditing shows how to minimize manipulation and increase reliability to users. Readers are also introduced to the application of e-government, cash flow analysis, expanded revenue forecasting analysis, and evolving techniques for evaluating fiscal health.

New measurement indicator terms that have recently entered the literature are introduced, showing how they are linked to accountability and TQM. Recent developments in revenue, purchasing and inventory, cash, risk management borrowing, and debt management are also incorporated. Particular emphasis is given to performance measurements, and their linkage to budgeting and management. The PPBS system that developed in response to dissatisfaction with traditional line-item and performance budgeting is given its own in-depth chapter and analysis. An important section of the book addresses fraud, waste, and abuse. Because financial management is the only activity that touches every employee in an organization, this is an indispensable book for managers on the state and local levels. This volume is imperative reading for managers of any kind, as well as administrators, scholars, teachers, and students of financial management of public and not-for-profit organizations, including the health care industry, public affairs, political science, and schools of public health and social work.

Table of Contents:

Illustrations
Preface
Understanding Financial Management
Accounting: Its Important Role in Financial Management
Internal Control Management
Revenue Management
Purchasing and Inventory Management
Cash Management
Risk Management
Borrowing and Debt Management
The Budgeting Function
Expenditure Forecasting
Budgeting as a Management Tool
Capital Budgeting
Line-Item and Performance Budgeting
The Planning, Programming, Budgeting System (PPBS): A Rational Framework
Zero Base Budgeting and Total Quality Management (TQM)
Information Needs and Financial Management
Auditing
Reporting
Evaluating Fiscal Health
Fraud, Waste, and Abuse (FWA)
Financial-Advising Functions: Local and Other Not-for-Profit Organizations
Appendix 1: Decision Unit: Crime Prevention
Appendix 2: Present Value Factors and Future Value Factors
Selected Bibliography
Index

About the Author: JEROME B. MCKINNEY is Professor of Public Management and Policy at the University of Pittsburgh.

LCC Class: 658


All rights reserved. Copyright © 1999-2009 ABC-CLIO 130 Cremona Dr., Santa Barbara, CA 93117, 805-968-1911