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The Basics of Public Budgeting and Financial Management
A Handbook for Academics and Practitioners
Synopsis
The Basics of Public Budgeting and Financial Management brings budgetary theory and practice together, filling the void between the two that has existed in the field of budgeting and public finance. This book bridges the gap by providing students with applications and exercises that reinforce budgetary theory. These exercises are the key to ensuring that students leave the classroom with knowledge and marketable skills. Specifically, students will be exposed to basic budget and finance concepts, but more importantly they will complete assignments where they apply the information in various settings. For example: creating tax structures, conducting a financial management plan, risk assessments, cost benefit analysis, and so on. This handbook also shows students how to best utilize tools that allow them to visually display budgets and other budgetary data. Students will gain the solid foundation needed to begin work in a budget office.
While the original purpose of the book is the same, the third edition of the book provides a few new thematic sections as well as homework questions and classroom assignments that reinforce the topical areas. The ancillary materials make the process very easy for an instructor to organize their lectures around thematic areas. The book is a must read for instructor's who are considering a course that introduces students to budgeting and finance and those who want student's to learn the basic components of budgeting and financial management.
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What Reviewers Are Saying
This text is a great tool to help students and practitioners understand budgeting from a theoretical and practical perspective. It provides case studies and examples for understanding applications and excel worksheets that are instrumental in giving practical experience for developing budget proposals, personnel and capital budgets. Role playing opportunities are also provided which gives students a better understanding of the actors in the budget process. Students enhance their communication skills by presenting a proposal in a simulated hearing. They also forecast data and learn debt and cutback management strategies. The text also makes teaching the budgeting course easier as it is accompanied with power point presentations and an instructor's manual. -- LaShonda Stewart, Associate Professor, Southern Illinois University This book is ideal for an undergraduate or graduate level course on state and local government budgeting. It covers basic concepts and skills on budget preparation, implementation, analysis and presentation. The examples and exercise questions were designed based on real world cases and have been adapted to facilitate students' learning. I have successfully used many of the cases in MPA classes to generate lively and engaging discussion of complicated issues. The Instructor's Guide and Excel spreadsheets also provide good resources for instructors to prepare lectures, design assignments and exams. -- Gang Chen, Assistant Professor, SUNY Albany