An introduction into the procedures and problems of accounting for non-for-profit organizations such as charitable organizations, churches, schools and government. It considers the public sector environment and how it differs from private markets - the roles of externalities and accountability as well as current reforms in public sector financial management. An examination of major issues in public sector financial management is done - use of cash and accrual accounting information systems; management of financial and public sector physical assets. Particular emphasis is on concepts and procedures of fund accounting and compliance to public sector accounting standards.