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

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

Seventh Edition

February 2022 | 648 pages | CQ Press
Reflecting recent changes in accounting standards, this Seventh 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. 

Part I: Introduction: Setting the Stage
Chapter 1: Introduction to Financial Management
Part II: Planning
Chapter 2: Planning for Success: Budgeting
Chapter 3: Additional Budgeting Concepts
Chapter 4: Understanding Costs
Chapter 5: Capital Budgeting
Chapter 6: Long-Term Financing
Part III: Implementation and Controlling Results
Chapter 7: Managing Short-Term Resources and Obligations
Chapter 8: Accountability and Control
Part IV: Reporting Results
Chapter 9: Taking Stock of Where You Are: The Balance Sheet
Chapter 10: Reporting the Results of Operations: The Activity and Cash Flow Statements
Chapter 11: Unique Aspects of Accounting for Not-for-Profit and Health-Care Organizations
Chapter 12: Unique Aspects of Accounting for State and Local Governments - Part I: The Recording Process
Chapter 13: Unique Aspects of Accounting for State and Local Governments - Part II: Reporting Financial Results
Part V: Financial Analysis
Chapter 14: Financial Statement Analysis
Chapter 15: Financial Condition Analysis


Instructor Resource Site

Instructor Resource Site 
Online resources included with this text 
The online resources for your text are available via the password-protected Instructor Resource Site, which offers access to all text-specific resources, including solutions to end-of-chapter questions and Excel templates for chapter problems. 
For additional information, custom options, or to request a personalized walkthrough of these resources, please contact your sales representative. 

Key features


  • Recent changes implemented by both the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) reflected in every chapter.
  • New appendices on how to use Excel's Goal Seek function to analyze breakeven data to help students use spreadsheets when learning about managerial accounting topics.
  • Updated case studies and expanded homework problems in both managerial and financial accounting.


  • Written for students with little or no financial management background, the book provides a uniquely comprehensive introduction to the “hard skills” for a non-expert audience.
  • Exercises, problems, case studies, and questions for discussion provide frequent opportunities to apply the skills and principles of financial management.
  • Comprehensive coverage includes cost analysis, budget preparation, budget and variance analysis, management control, and recording and reporting financial information with an emphasis on preparing and analyzing financial statements. 
  • Coverage of the foundational principles of each of the methods introduced in the book includes step-by-step equations, figures, and exhibits that illustrate how to execute financial management in practice.

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ISBN: 9781071835333