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Financial Management and Accounting in the Public Sector (Routledge Masters in Public Management)

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The importance of public financial management for the health and wellbeing of citizens became dramatically apparent as governments sought to respond to the coronavirus pandemic in 2020. Now, governments and other public sector organizations face the challenge of recovering from the pandemic whilst also seeking to achieve Sustainable Development Goals, with squeezed budgets and ever-increasing demands for public services.

Public sector managers are confronted daily with targets and demands that are often set in confusing accounting and financial language. In Financial Management and Accounting in the Public Sector, Gary Bandy employs a clear and concise narrative to introduce the core concepts of public financial management to help those managers to deliver programmes, projects and services that are value for money. As the author puts it, managing public money is an art, not a science.

This third edition has been revised and updated throughout, offering:

  • a structure that is more clearly linked to the stages of the public financial management cycle
  • greater coverage of transparency and accountability issues
  • a broader view of public procurement to include goods, works and services and effective contract management; and
  • an increased focus on public spending in the context of a post-COVID environment.

With a glossary of terms to help managers understand and be understood by accountants, as well as learning objectives, discussion questions and exercises, this practical textbook will help students of public management and administration to understand the financial and accounting aspects of managing public services.

About the Author

Gary Bandy has been an independent public financial management consultant since 2005. He has advised organizations in the charity sector, education, policing, local government and the private sector. Gary has an MPA from Warwick Business School and has taught public financial management at several universities in the United Kingdom as well as sharing his expertise with civil servants in many places, including Rwanda, South Sudan, Sri Lanka and Kazakhstan.

Review:

5.0 out of 5

100.00% of customers are satisfied

5.0 out of 5 stars Comprehensive and Current

D.H. · 20 March 2023

An excellent book for those with an interest in Public Financial Management. The author has an engaging style and this version has been updated for the 'post-Covid' experience. Well structured with a logical flow through each of the 'pillars' of financial management in the public sector. This would appeal to both students of public sector finance and practitioners alike.

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Financial Management and Accounting in the Public Sector (Routledge Masters in Public Management)

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Product origin: United Kingdom

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