Provides a manager's or professional's solid introduction to accounting. Almost entirely rewritten, Diamond integrates decision-making and analysis within the context of a cash flow organization that makes sense to managers (operating, investing and financing).

This is a revised and updated version of what is considered to be the most authoritative text available on public sector accounting and finance in the UK. The text comprises detailed discussion of the accounting and finance of the major branches of the public sector. Recent radical changes in local government and the NHS have made this new edition essential. Among the many new developments covered are the Community Charge, Locally Managed Schools, agencies, the NHS Reforms, NHS Trusts and new capital accounting systems. This new edition is aimed at students preparing for the examinations of CIMA, ACCA, CIPFA, AAT and degree courses. It should also be of particulary interest to financial practitioners seeking to improve financial management, control and accounting throughout the public sector.

This leading textbook on the organizational and behavioural aspects of management accounting has been brought up to date with recent research developments. The book's great achievement has been to place management accounting in its proper context within a realistic management control system. Without ignoring the more quantitative aspects of management accounting, the authors demonstrate vividly that the behavioural and organizational aspects are of equal if not greater importance.