Preface Case Examples About the Authors Part I Introduction: Setting the Stage 1 | Introduction to Financial Management What Is Financial Management? Public Sector Resource Flows Why Discuss Public, Healthcare, and Not-for-Profit in One Book? Why Should Public Service Organizations Worry About Financial Management? Should Public Service Organizations Earn a Profit? Ongoing Case Study Summary Key Terms from this Chapter Questions for Discussion Appendix 1-A. Fundraising Part II Planning 2 | Planning for Success: Budgeting Mission Strategic Plan Long-Range Plan Budgets Behavioral Aspects of the Budget Process Summary Key Terms from this Chapter Questions For Discussion Problems 3 | Additional Budgeting Concepts Line-Item and Responsibility Center Budgets Centralization Versus Decentralization Program and Functional Budgets Budgeting Techniques Zero-Based Budgeting Forecasting Additional Governmental Budgeting Issues Summary Key Terms from this Chapter Questions For Discussion Problems Appendix 3-A. A Performance Budget Example Appendix 3-B. Forecasting Using Historical Data 4 | Understanding Costs Basic Concepts and Definitions Cost Behavior Break-Even Analysis Cost Measurement Summary Key Terms from this Chapter Questions For Discussion Multiple Choice and Fill in the Blank Questions Problems Appendix 4-A. Additional Break-Even Analysis Issues Appendix 4-B. Using Excel to Solve Break-Even Problems 5 | Capital Budgeting Why do we Need a Separate Capital Budget? Definition of Capital Assets: Theory and Practice Why do Capital Assets Warrant Special Attention? The Time Value of Money Capital Asset Investment Analysis Summary Key Terms from this Chapter Questions For Discussion Exercises (TVM) Problems Appendix 5-A Using Computer Spreadsheets for Time Value of Money Calculations: Examples Appendix 5-B Using a Financial Calculator for Time Value of Money Calculations 6 | Long-Term Financing Equity Financing Long-Term Debt Social Impact Bonds Summary Key Terms from This Chapter Questions for Discussion Exercises (Tvm) Problems Part III Implementation and Controlling Results 7 | Managing Short-Term Resources and Obligations Working Capital Management Short-Term Resources Short-Term Obligations Summary Key Terms from This Chapter Questions For Discussion Problems Appendix 7-A Economic Order Quantity Appendix 7-B Credit Terms 8 | Accountability and Control Defining Management Control Systems Measures of Performance Controlling Quality Variance Analysis The Role of Ethics in Financial Management The Form 990 Consequences of Ethical Violations Summary Key Terms from This Chapter Questions For Discussion Problems Part IV Reporting Results 9 | Taking Stock of Where You Are: The Balance Sheet The Framework for Financial Accounting Generally Accepted Accounting Principles Balance Sheet Elements Assets: A Closer Look Liabilities: A Closer Look Net Assets or Fund Balance: A Closer Look Recording Financial Information Fiscal Years Summary Key Terms from this Chapter Questions for Discussion Problems Appendix 9-A The Recording Process: Debits and Credits Appendix 9-B Using Dollar Signs and Underlines in Accounting 10 | Reporting the Results of Operations: The Activity and Cash Flow Statements The Purpose of the Activity Statement Rules for Recording Financial Events The Dangers of Estimates The Statement of Cash Flows Interrelationships among Financial Statements Notes to Financial Statements Recording and Reporting Financial Information Summary Key Terms From This Chapter Questions for Discussion Problems Appendix 10-A Sources of Revenue For Governments Appendix 10-B Accelerated Depreciation Methods Appendix 10-C Inventory Valuation Methods Appendix 10-D The Recording Process: Debits And Credits Appendix 10-E The Accounting Cycle 11 | Unique Aspects of Accounting for Not-for-Profit and Health-Care Organizations Accounting for Not-For-Profit Organizations Fund Accounting Depreciation Donated Goods and Services Investments Taxes Accounting for Health-Care Organizations Different Organizational Structures Summary Key Terms from This Chapter Questions for Discussion Problems Appendix 11-A Taxation Of Not-For-Profit Entities 12 | Unique Aspects of Accounting for State and Local Governments—Part I: The Recording Process Bases of Accounting The Modified Accrual Basis of Accounting in Governments Accrual Basis of Accounting Government Fund Accounting Recording Financial Information Summary Key Terms from this Chapter Questions for Discussion Problems Appendix 12-A The Recording Process: Debits And Credits 13 | Unique Aspects of Accounting for State and Local Governments—Part II: Reporting Financial Results The Objectives of Financial Reporting for Governments The Governmental Reporting Components Summary Key Terms from this Chapter Questions for Discussion Problem Appendix 13-A Interrelationships Among Government Financial Statements Part V Financial Analysis 14 | Financial Statement Analysis Elements and Purpose of the Financial Statement Review Financial Statement Review The Notes That Accompany Financial Statements Ratio Analysis Assessment Summary Key Terms from this Chapter Questions For Discussion Problems 15 | Financial Condition Analysis Financial Condition Analysis Financial Statement Analysis Versus Financial Condition Analysis Ratio Analysis Summary Key Terms from this Chapter Questions For Discussion Problems Appendix 15-A Bond Ratings Glossary Index