Effective Financial Management in Public and Nonprofit Agencies

Effective Financial Management in Public and Nonprofit Agencies

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This hard-hitting book is the most comprehensive reference to financial theory and practice for operating a businessa€”profit or nonprofita€”in the United States today. Content focuses on fiscally responsible behaviors and strategies, such as the introduction of a financial auditing system to troubleshoot potential problems before they occur, the creation of internal control and risk management systems, and step-by-step procedures for ensuring maximum transparency and accountability in every part of the organization. Author and financial expert Jerome B. McKinney has expanded on the previous edition of this popular financial text, offering the latest best practices in e-government applications, cash flow analysis, revenue forecasting, and fiscal health evaluations. This fourth edition also looks at sustainability, the role of monetary policies and fiscal policy, globalization and its competitive impact, and the massive growth of outsourcing. On a final note, the work explains how recent legislation has influenced the development, use, and implementation of performance measures holding government agencies more accountable for their actions.Public and not-for-profit agencies are constantly seeking ways to effectively accomplish the organizational mission, goals, and objectives, leading to enhanced ... Internal control is a key factor in helping organizations minimize operational problems and achieve desired outcomes. ... The processing methods used to collect, summarize, and report accounting information may be manual or computerized.

Title:Effective Financial Management in Public and Nonprofit Agencies
Author:Jerome B. McKinney
Publisher:ABC-CLIO - 2015-02-24


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