This course intends to introduce students with the principles and practices of financing, accounting and financial management for the public sector. Fundamental concepts and applications of financial management in a dynamic financial market environment will be covered in the course, to develop students’ knowledge of fundamental financial management and their ability in understanding and applying relevant tools to make appropriate decisions concerning short-term and long-term financing, investing and financial planning for individual entities, including governments and other non-profit organizations. In particular, the function of financial institutions and capital market, the valuation, risks and returns of financial assets, the capital structure and cost of capital, the governmental funds (such as general and special funds, capital project funds, trust and fiduciary funds, internal service funds), debt services, budgeting and budgetary control, working capital management, governmental accounting and reporting, and public sector auditing will be delineated to a greater extend. Students should obtain, through this course, a comprehension of the updated development of the theories and practices of finance and accounting, with a focus of that in the public sector. Case studies that are applicable to the local settings such as Hong Kong as well as Mainland China and overseas will be presented.