Daniel L. Smith, Steven A. Finkler, Thad D. Calabrese

Financial Management for Public, Health, and Not-for-Profit Organizations

• Gebundenes Buch

Produktbeschreibung

Reflecting recent changes in accounting standards, this Eighth Edition of  Financial Management for Public, Health, and Not-for-Profit Organizations  provides a comprehensive yet practical introduction to the financial decision-making and management skills required of students and practitioners in the public, health, and not-for-profit sectors. Assuming that readers have no prior training in financial management, the authors artfully combine the principles, theory, and analytics of accounting and finance. In every chapter, a wide range of exercises, case studies, and problems help students develop strong financial assessment and judgment proficiencies while reinforcing the essential mechanics of accounting. 

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Produktdetails

• Verlag: Sage Publications Inc Ebooks
• Seitenzahl: 752
• Erscheinungstermin: 14. Mai 2025
• Englisch
• Abmessung: 254mm x 203mm
• ISBN-13: 9781071929735
• ISBN-10: 1071929739
• Artikelnr.: 71848454

Autorenporträt

Dr. Steven A. Finkler is Professor Emeritus of Public and Health Administration, Accounting, and Financial Management at New York University's Robert F. Wagner Graduate School of Public Service (NYU Wagner). At NYU Wagner he headed the specialization in health services financial management for more than 20 years. Dr. Finkler is an award-winning teacher, author, and researcher. Among his publications are 33 books, including Accounting Fundamentals for Health Care Management, 4th ed. (with Thad Calabrese and David Ward, 2024); and Finance and Accounting for Nonfinancial Managers, 6th ed. (forthcoming, 2024), and Financial Management for Nurse Managers and Executives, 5th ed. (with Cheryl Jones and Christine T. Kovner, 2019). He has also published more than 200 articles in many journals, including  Health Services Research, Journal of Public Policy and Management, and  Healthcare Financial Management. He received a bachelor of science degree in economics (summa cum laude with dual majors in accounting and finance), and a master of science degree in accounting (with High Honors) from the Wharton School at the University of Pennsylvania, and a master of science degree in economics and doctorate in business administration at Stanford University. Dr. Finkler, who is also a certified public accountant, worked as an auditor with EY (Ernst and Young Global Ltd.) and was on the faculty of the Wharton School before joining NYU. He is a past member of the executive board of the International Society for Research in Healthcare Financial Management and the editorial board of Health Care Management Review, and he served as treasurer and a member of the board of governors of the Daughters of Israel Geriatric Center. He was the editor of Hospital Cost Management & Accounting for 12 years and is a past member of the National Advisory Council for Nursing Research at the National Institutes of Health. He consults extensively, both around the country and abroad.

Inhaltsangabe

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