Effective Financial Management in Public and Nonprofit Agencies: A Practical and Integrative Approach

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Greenwood Publishing Group, 1995 - Business & Economics - 543 pages
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Financial management is emerging as a critical force in everyday management. The continuing upward spiral of inflation, rising cost of governmental programs, and citizens' demands for better cost-effective delivery of goods and services are forcing public managers and other not-for-profit organizations to make creative use of their scarce financial resources. In this new and updated edition, chapters place new and special emphasis on ceiling and target base budget estimating, ratio analysis, TQM, and internal control cost systems. Accountability is given a fresh approach, as it deals with the complicated issues of today's nonprofit organizations. This volume is imperative reading for managers, administrators, scholars, teachers, and students of financial management of public and nonprofit organizations, including the health care industry, public affairs, political science, as well as schools of public health and social work.

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 has been developed in response to the 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 level.

 

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Contents

Understanding Financial Management
1
Accounting Its Important Role in Financial Management
21
Internal Control Management
81
Revenue Management
105
Purchasing and Inventory Management
133
Cash Management
155
Risk Management
179
Borrowing and Debt Management
191
The Planning Programming Budgeting System PPBS A Rational Framework
329
Zero Base Budgeting and Total Quality Management TQM
353
Information Needs and Financial Management
379
Auditing
401
Reporting
425
Evaluating Fiscal Health
441
Fraud Waste and Abuse FWA
467
FinancialAd vising Functions Local and Other NotforProfit Organizations
489

The Budgeting Function
209
Expenditure Forecasting
239
Budgeting as a Management Tool
259
Capital Budgeting
277
LineItem and Performance Budgeting
307
Crime Prevention
511
Present Value Factors and Future Value Factors
519
Selected Bibliography
525
Index
533
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About the author (1995)

JEROME B. McKINNEY is Professor of Public Management and Policy at the University of Pittsburgh.

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