Effective Financial Management in Public and Nonprofit Agencies, 3rd Edition

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Financial management has emerged as a critical force in everyday management. Revenue flow has suffered from three years of economic decline on the rising costs of governmental programs, along with citizens' demands for more cost-effective delivery of goods and services―even as they resist tax and fee increases. Public managers and not-for-profit organizations are forced to make creative use of their scarce financial resources. This new and updated edition retains the best of its predecessor. Attention is focused on the Government Performance Act of 1993 and how it has influenced the development, use, and implementation of performance measures to maximize accountability. The Government Accounting Standards Board Rule #34, which has had a revolutionary impact on government financial reporting, is carefully examined. A comprehensive and holistic approach to auditing shows how to minimize manipulation and increase reliability to users. Readers are also introduced to the application of e-

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