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.