Public Sector Financial Management

The public sector accounts for nearly one third of the world's economy and has been the subject of a number of substantial changes and developments in the last two decades - and the speed of change affecting the world of the public-sector manager shows no sign of slowing down. While New Public Management and Accrual Accounting improved the information for decision makers and thereby the decision making process itself, long periods of surpluses and the emergence of sovereign wealth funds fundamentally changed the face of public finance.  Public Sector Financial Management explores the key themes of this continuing change, and examines the increasing role of markets and competition in the public sector.  The book provides the relevant information and guidance for decision-makers in this area, and explains how contemporary financial-management techniques can be applied specifically to the public sector. The author addresses a number of  key issues: - looks at public finance targets such as the Maastricht criterion- examines the golden rule in public finance- discusses perfomance budgeting- employs a framework of International Public Sector Accounting Standards (IPSAS)- examines Internal Control and Fiscal Sustainability- provides coverage of XBRL- includes sections on Public Sector AuditingThe content reflects the most recent developments in Economics, Public Management, Accounting and Auditing. The learning process is supported by examples, work assignments and topical case studies, making this the ideal text for anyone who wants to understand the key aspects of the subject.Andreas Bergmann is a Professor at the Zurich University of Applied Sciences and Associate Dean of the School of Management.