Project Advice: Financial Strategy For Public Managers

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Financial Strategy for Public Managers

Subject: Finance

Book Language: English

Audience: Master of Public Administration programs

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Created date: November 6, 2019

Updated date: March 6, 2020


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Financial Strategy for Public Managers

is a new generation textbook for financial management in the public sector. It offers a thorough, applied, and concise introduction to the essential financial concepts and analytical tools that today’s effective public servants need to know. It starts “at the beginning” and assumes no prior knowledge or experience in financial management. Throughout the text, Kioko and Marlowe emphasize how financial information can and should inform every aspect of public sector strategy, from routine procurement decisions to budget preparation to program design to major new policy initiatives. They draw upon dozens of real-world examples, cases, and applied problems to bring that relationship between information and strategy to life. Unlike other public financial management texts, the authors also integrate foundational principles across the government, non-profit, and “hybrid/for-benefit” sectors. Coverage includes basic principles of accounting and financial reporting, preparing and analyzing financial statements, cost analysis, and the process and politics of budget preparation. The text also includes several large case studies appropriate for class discussion and/or graded assignments.

Financial Strategy for Public Managers

has been peer-reviewed by 8 subject experts at 8 institutions. Here is its

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Short Description:

This text is designed for students in Master of Public Administration programs. It could serve as the core text for a comprehensive introductory graduate or advanced undergraduate course on public financial management. It could also complement university courses or continuing professional education on public finance, public budgeting, tax policy, and non-profit finance. It covers the core concepts and analytical tools of accounting, financial statement analysis, cost analysis, and budgeting, all with applications to public sector organizations. The text is organized around financial management strategy. That is, how do managers in public sector organizations use financial information to design programs, implement policies, and advocate for their organization’s mission?

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1. How We Pay for the Public Sector

2. The Basic Financial Statements

3. Financial Statement Analysis

4. Transaction Analysis

5. Cost Analysis

6. Budget Strategy

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About the Authors

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