Further reading (and watching) for Financial Management and Accounting in the Public Sector
Each chapter of the third edition of Financial Management and Accounting in the Public Sector concludes with a section called Further Reading (and Watching). This page collates links to all those resources, plus other relevant resources I have found since the manuscript was finished.
If you are a teacher or lecturer using my book in your classes I may have slide decks and other resources you could use or adapt. Feel free to contact me.
Chapter 1: The context of public financial management
International Handbook of Public Financial Management edited by Richard Allen, Richard Hemming and Barry Potter (2013)
Public Financial Management and Its Emerging Architecture edited by Marco Cangiano, Teresa Curristine and Michel Lazare (2013)
Beyond Doctrine: Refocusing PFM for Vital Public Objectives by Hedger, Manning & Schick
Money Creation in the Modern Economy by McLeay, Radia and Thomas (2014)
The Bank of England's video on how money is created
Money, Money, Money series of podcasts by the BBC (2022)
Creating Public Value: Strategic Management in Government by Moore (1997)
Public Value: Theory and Practice by Benington & Moore (2011)
Getting Serious About Value by Mazzucato and Kaitel (2019)
Public Finance and Service Delivery: What's New, What's Missing, What's Next? by Miller, Hart and Hadley (2021)
Harvard's Center for International Development
Neil Cole's Top 14 Public Finance Lessons
Stephanie Kelton's TED talk, The Big Myth of Government Spending, explains modern monetary theory.
And Stephanie Kelton also features in the full-length documentary movie called Finding the Money which you can rent or buy. The trailer is below:
Below is a very short clip of Professor Mariana Mazzucato on BBC's Newsnight programme explaining the myth that government spending is like household spending.
The Modern Money Network promotes the public understanding of money and finance through education, discussion and scholarship
PEFA's 2022 Global Report on Public Financial Management
The UK's Office for Budget Responsibility has a useful databank for information about UK public spending
Mariana Mazzucato was interviewed in 2021 on Australia's ABC radio about the public sector in the pandemic
There is a BBC Radio 4 show Understand: The Economy that explains 5 common economic terms "really, really simply"
Chapter 2
The OECD's budget practices and procedures database
Performance and Programme-Based Budgeting in Africa report by CABRI (2013)
Papers from CABRI's 2012 conference on performance budgeting
Marc Robinson's performance budgeting blog
The New York-based Participatory Budgeting Project
The UK-based PB Network has become Shared Future
How to Share Public Money Fairly, Maja Bosnic's TED Talk from 2021 about gender-responsive budgeting
Balancing Act's federal budget simulator
Public Value Budgeting: Propositions for the Future of Budgeting by Douglas & Overmans (2020)
Allen Schick and other senior budget officials in the OECD wrote Evolutions in Budgetary Practice in 2009
The Georgia Governor's Office of Planning and Budget used zero-based budgeting from 2013 to 2021 and here is a page with reports summarising each year's process.
Chapter 3
Economics of the Public Sector by Joseph Stiglitz (2000)
The International Handbook of Public Financial Management (2013) edited by Allen, Hemming & Potter has a chapter on tax design
The ODI's 10 tax evasion terms you need to know
Keen and Slemrod's Rebellion, Rascals, and Revenue (2021)
Stephanie Kelton talks about modern monetary theory in Why We Need to Debunk the 'Deficit Myth' (made by the BBC in 2020) and her 2021 TED Talk
Money for Nothing is a video explaining how the UK's monetary system actually works
The IMF's Global Debt Database has numerous datasets relating to private and public debts in 190 economies
Francesca Bastagli's 2013 article for the ODI, Tax Evasion: Ten Terms You Need to Know, explains the dark arts of tax evasion
There is a video on the BBC news website that gives a quick explanation of how companies can avoid corporation tax
The OECD also have a short video (2021), Building Fairer Societies through Global Tax Co-operation, about the work done to address the problem of global tax avoidance
Chapter 4
The Holyrood Inquiry
The Auditor General for Scotland's report (2004) on management of the Holyrood building project
Walley and Jennison-Phillips's literature study on demand management in the public sector
Article on failure demand by Walley and Radnor (2006) and Walley, Found and Williams (2019)
The IMF's Fiscal Affairs Department's comprehensive manual on implementing the treasury single account mechanism
Steve Giles's book, Managing Fraud Risk
Peter Eigen's short presentation at a TED conference in Berlin in 2009, How To Expose the Corrupt, where he explained why he believes it is important for corruption to be eradicated
UNDP publication, A Users' Guide to Measuring Corruption
The Cost of Global Corruption by Paolo Mauro, Paulo Medas & Jean Marc Fournier (2019)
Uses and Abuses of Governance Indicators by Arndt and Oman (2006)
The OECD's anti-corruption and integrity landing page
The OECD has produced information on fighting corruption in the public sector which is split into three themes:
- integrity in public procurement
- managing conflicts of interest
- lobbying
Lifehacker's article on how to be a whistleblower
The CIPFA/IFAC International Framework: Good Governance in the Public Sector
Chapter 5
Management and Cost Accounting by Tayles and Drury (2020)
Management Accounting in Public Service Decision Making by Malcolm Prowle (2020).
Cooper and Kaplan's (1988) original Harvard Business Review article about activity-based costing, Measure Costs Right: Make the Right Decisions
Activity-Based Cost Management in Government by Cokins (2006) and the series of four blog posts based on the book that Cokins wrote in 2015 for the IFAC website
Systems Thinking in the Public Sector: The Failure of the Reform Regime and a Manifesto for a Better Way by Seddon (2008)
Here are some examples of public sector project appraisal guidance from around the world:
- The Economic Appraisal of Investment Projects at the EIB (European Investment Bank, 2013)
- Cost-Benefit Analysis for Development: A Practical Guide (Asian Development Bank, 2013)
- Cost-Benefit Analysis in Educational Planning (UNESCO, 2004);
- Measuring the Economic Benefits of Arts and Culture (Arts Council England, 2016);
- Monetised Benefits and Costs Manual (Waka Kotahi NZ Transport Agency, 2020); and
- ICT Business Case Guide (Australia Government, 2015).
The UK Treasury's The Green Book: Appraisal and Evaluation in Central Government that was mentioned in the chapter, imply that all the relevant information would be collected into a business case for decision-makers to consider.
CIPFA's (2015) webinar, Top Tips for Business Cases
Chapter 6
Contracting for Public Services by Carston Greve (2008)
Rethinking Public Service Delivery: Managing with External Providers by Alford & Flynn (2012).
The Institute for Government's resources on outsourcing policy
Public procurement and innovation: a systematic literature review by Kundu, James & Rigby (2020).
The UK Government's sourcing and consulting playbooks
Strategies for Avoiding the Pitfalls of Performance Contracting by Behn and Kant (1999)
The European PPP Expertise Centre
Baker's 2003 article, Investigating Enron as a Public Private Partnership
New Models of Public Procurement: A Tool for Sustainable Recovery by ACCA (2020)
Harvard's Program on Negotiation's daily blog
Getting to Yes by Fisher, Ury & Patton
Below is Getting to Yes in Challenging Times, a video lecture by William Ury of Harvard's Program on Negotiation
Chapter 7
Performance Management in the Public Sector by van Dooren, Bouckaert and Halligan (2015)
What All Mayors Would Like to Know about Baltimore's CitiStat Performance Strategy (Behn, 2007).
Harvard's Citiesx video (2018), CompStat in New York, Boston and Chicago
Cost-Benefit Analysis: Concepts and Practice (5th edition) by Boardman, Greenberg, Vining & Weimar (2018)
A Cost-Benefit Analysis of the Privatization of Canadian National Railway by Boardman, Laurin, Moore & Vining (2009)
Gary Lauder's short presentation about the cost-benefit analysis of replacing a stop sign in his neighbourhood is called Take Turns (TED, 2010)
Take Turns by Gary Lauder
Karnon, Afzali and Edney's article (2015) about the concept of the quality-adjusted life year (QALY)
Chapter 8
Accounting and Business Ethics: An Introduction by McPhail & Walters (2009)
The Consultative Committee of Accounting Bodies (2022) five sets of case studies to illustrate how the codes of ethics can be applied in five different work contexts
The Institute for Government's (2018) discussion paper, Accountability in Modern Government: What Are the Issues?
Public Sector Financial Management (3rd Edition) by Coombs & Jenkins (2002)
Public Sector Accounting (6th edition) by Jones and Pendlebury (2010)
Public Sector Accounting and Budgeting for Non-Specialists by van Helden & Hodges (2015)
The National Audit Office's introductory guide, Understanding Central Government's Accounts.
IFAC promotes the adoption of accrual accounting by PBEs with its Accountability Now programme
Why Every Citizen Should Care About Government Spending
The IMF's Fiscal Affairs Department's handbook for Implementing Accrual Accounting in the Public Sector (Cavanagh, Flynn and Moretti, 2016).
For more information about the IASB, and the IFRS in particular, explore the material on the website at www.ifrs.org
You can find the full text of all the IPSASs in the annually published handbook of pronouncements at the IPSASB's website
IPSAS In Your Pocket (2024 edition) guide from the IASplus.
Interpretation and Application of IPSAS by Aggestam-Pontoppidan & Andernack (2016).
Schmidthuber, Hilgers, and Hofmann (2022) have produced a literature review about the adoption of IPSAS and the implementation of accrual accounting based on IPSAS.
National Audit Office's interactive guide Good Practice in Annual Reporting (2022)
Seven Times Accounting Changed History by McCallum (2016)
Chapter 9
The International Auditing And Assurance Standards Board's website includes the 2020 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements (in 3 PDF volumes that are free to download)
The INTOSAI website has a lot of useful material for those interested in auditing by Supreme Audit Institutions, including the International Standards for Supreme Audit Institutions
INTOSAI's International Journal of Government Auditing
Measuring Supreme Audit Institutions' Outcomes: Current Literature and Future Insights by Elisa Bonollo (2019)
The Institute of Internal Auditors is a starting point for lots of resources on internal auditing. The IIA also has a YouTube channel
In early 2023 the Institute of Internal Auditors published a consultation draft of proposed Global Internal Audit Standards™
Rana, Steccolini, Bracci & Mihret's (2021) literature review on public sector performance auditing
Nerantzidis, Pazarskis, Drogalas & Galanis's (2022) literature review on internal auditing in the public sector.
Efficiency, Economy and Effectiveness—but What About Ethics? Supreme Audit Institutions at a Critical Juncture by Louise Bringselius (2018)