Financial Planning and Management in Public Organizations

This work focuses on the theory and practice of financial management in public organizations and local government, highlighting the planning, analysis, and control skills necessary to navigate a future of change in technology, society, politics and economics. It details three fundamental areas of responsibility in the annual financial management cycle - cash management, financial planning, and management control. The authors discuss the financial planning-control continuum, cash management and investment strategies, and techniques of financial and managerial cost accounting to assist financial managers and public administrators in their daily efforts to promote more efficient and effective use of financial resources.

Financial management - an overview; revenues and expenditures in the public sector; cash management; investment strategies; analytical techniques for financial planning and management; principles and practices of public budgeting; budgeting as a mechanism for financial planning and management; government responsibility for capital facilities; debt administration; accounting systems - traditional mechanisms of management control; managerial and cost accounting; management information and performance evaluation systems.

Alan Walter Steiss, Emeka O. Nwagwu