Public Sector Accounting and Finance

Public sector accounting and finance are the pillars on which governments plan, execute, and evaluate their policies and programs. Unlike private enterprises, which focus primarily on profit, public sector organizations are entrusted with managing resources on behalf of citizens, delivering essential services, and promoting social and economic development. This unique responsibility demands not only technical expertise in accounting and financial management but also a commitment to transparency, accountability, and ethical stewardship. In today’s dynamic world, the expectations placed on public finance professionals have never been higher. Governments face mounting pressures—from fiscal deficits and public debt to demands for efficient service delivery and sustainable development. Citizens expect clarity and accountability in how their taxes and public funds are utilized, while international organizations and investors demand robust financial reporting, governance, and risk management. In this environment, public sector accounting is more than a function; it is a strategic tool for good governance, social equity, and economic stability. This book seeks to provide a comprehensive, practical, and forward-looking guide to public sector accounting and finance. It is designed for students, practitioners, policymakers, and auditors who wish to understand not only the technical aspects of budgeting, accounting, and auditing but also the broader principles of governance, ethics, and innovation that define modern public financial management.