This compendium addresses the evolving landscape of public finance management in 1987, offering a comprehensive overview of contemporary practices and challenges. Authored by the Chartered Institute of Public Finance and Accountancy, it synthesizes key financial principles and regulatory frameworks pertinent to public sector organizations. The work aims to provide a foundational understanding of financial administration, budgeting, and accountability within the public domain during that era.

This compendium is recognized as a significant reference work for understanding public financial management during the late 1980s. Its detailed examination of accounting standards and regulatory frameworks provides valuable historical context for financial professionals and academics. The publication reflects the established expertise of the Chartered Institute of Public Finance and Accountancy in its field.