This book is unique in its exclusive and comprehensive focus on the management of public funds. The book emphasizes defining terms, framing concepts, and examines common controversies in the field. The authors begin with a broad introduction to public finance administration. They then cover topics such as: revenue and expenditure; managing cash flow; capital budgets; and the financial components of human resource management. With its unique focus on the management of public funds, the book fills a need for courses in public finance administration by providing a public administration-based approach.

Public-Sector Accounting

Public-sector accounting

Accounting, despite a great deal of mystique, can be understood as the recording and reporting of financial information. Part of accounting's mystique stems from the professional accounting jargon. One example of such jargon is the commonly used definition of “fund”:

A fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations.1

A fund can be described less technically and more intelligibly as a separate set of accounts established to keep track of particular things. Separateness fundamentally defines a fund. Here, accounting terms ...

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