Financial Strategy for Public Managers
Sharon Kioko, University of Washington
Justin Marlowe, University of Washington
Pub Date: 2016
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Each chapter is impressive and comprehensive. The authors do recognize that the textbook might not be used in itself entirety in any given course read more
Each chapter is impressive and comprehensive. The authors do recognize that the textbook might not be used in itself entirety in any given course because they comment that Chapter 2 and 3 would be appropriate for courses on government accounting, debt management, credit analysis, or non-profit financial management, whereas Chapters 4 and 5 work well for an applied course on public or non-profit budgeting. The textbook seems most appropriate for graduate students but Chapter 1 and Chapter 6 could definitely be incorporate into an undergraduate public financial administration course. There is no index or glossary.
I did not notice any inaccuracies; however, there is no reference list anywhere in the textbook (at the end of each chapter or at the end of the textbook).
The text is up-to-date but the data is a few years old but that's to be expected. The text is written in a way that necessary updates will be relatively easy and straightforward to implement because only Chapter 1 would probably need to be updated.
The text is loaded with accounting terms which are in bold but there needs to be an index. I was looking for an undergraduate public administration textbook but this textbook is more appropriate for undergraduate accounting majors who are interested in working in the public sector or public administration graduate students.
Each chapter is unique so it’s difficult to judge whether there is consistency from one chapter to the next. The one consistency from chapter to chapter is that the authors provide a table of learning objectives.
The text is clearly divided into chapters and sections within each chapter. The chapters are easily and readily divisible into smaller reading sections. The authors, themselves, commented how each chapter might be appropriate for different learners. However, the Contents page simply states the title of each chapter and there is no Index or Glossary of Key Concepts. There is also no Suggested Websites at the end of each chapter which would be very helpful given some of the data presented.
For the most part, the topics are presented in a logical, clear fashion but there were times when the transit from one topic to the next did not seem immediately apparent.
There do not seem to be any interface issues. The Content page has hyperlinks to the beginning of each chapter. Some graphs were small but they could be enlarged.
The only grammatical errors were a few orphan headings (i.e. see page 40).
The text is not culturally insensitive or offensive in any way.
I was looking for an undergraduate public administration textbook but this textbook is more appropriate for undergraduate accounting majors who are interested in working in the public sector or public administration graduate students. That being said, Chapter 1 and Chapter 6 could definitely be incorporate into an undergraduate public financial administration course.
Table of Contents
- How We Pay for the Public Sector
- The Basic Financial Statements
- Financial Statement Analysis
- Transaction Analysis
- Cost Analysis
- Budget Strategy
About the Authors
About the Book
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.
About the Contributors
Sharon N. Kioko is Associate Professor at the Daniel J. Evans School of Public Policy and Governance at the University of Washington.
Justin Marlowe is the Endowed Professor of Public Finance and Civic Engagement at the Daniel J. Evans School of Public Policy and Governance at the University of Washington.