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David Jones CPFA FCCA (UK)

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David Jones
David Jones

David Jones has over 45 years of experience in financial management and has specialized in finance for local and state governments and public utilities. He has worked in over 50 countries, providing advice on accounting, budgeting, and financial management. He was a senior financial analyst and advisor at the World Bank for 17 years. Currently, he runs his own consulting firm and continues to teach and write on topics related to public sector financial management.

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David C. Jones, CPFA, FCCA. (UK) David Jones (British Citizen) has over forty-five years of experience as practitioner, educator, consultant and author in financial management. He has specialized, throughout his career, in the finance and management of local and state governments and public utilities. He was, until recently, Vice-president for Accountability at MIDEGO [Global Partnerships, Reaching Global Health Care Goals]. Specializing in accounting, budgeting, and financial management, he has provided advice and guidance to central, state and local governments, development institutions, non-profit organizations, utilities and companies in over 50 countries. Currently, he is the honorary auditor of an NGO, associated with the World Bank. Affiliated with the Harvard University Graduate School of Design, from 1987 to 2005, Mr. Jones was a Research Fellow and part-time Instructor at its Center for Urban Development Studies. He continues to be associated with former Harvard colleagues at The Institute for International Urban Development, a non-profit institution close to Harvards Cambridge campus. Since leaving the full-time staff of the World Bank, in 1987, Mr. Jones, as President of Farsight, has been consulting, teaching and training, in financial management and institutional development. In the early nineties, he taught Public Finance, for the Master in Public Administration degree, at George Mason University, Northern Virginia. He has lectured for the Master in Urban Planning Degree and the International Training and Education Programs at the Harvard Graduate Design School. He has also taught at the World Bank Institute and at many other institutions, world- wide, including Witwatersrand University in South Africa and the University of Malawi. For seventeen years, at the World Bank (1970-87), he was a senior financial analyst and then the Banks financial advisor, in the public utilities, water supply and urban development sectors. At the World Bank, and as a consultant, he worked extensively on the preparation, appraisal, negotiation and supervision of (loan-funded and grant-funded) urban development and public utility projects. He also helped to develop improved budgeting and accounting systems of municipalities, utilities and other institutions. Mr. Jones has developed and participated in many international seminars on public sector accounting and financial management. He has been a keynote speaker at many of these, worldwide, where he has worked in over fifty countries. In the late nineties, he was designated by Harvard Center for Urban Development Studies, as Principal Specialist in Budgeting and Public Financial Management for a two-year USAID- funded Local Government Assistance Project in Romania. He has also worked in other countries of the former Soviet Union and Eastern Europe: Russia, Ukraine, Georgia, Belarus, Latvia, Lithuania, Azerbaijan, Bosnia, Macedonia, the former Yugoslavia, Poland and Albania. In addition, he has worked in China, Afghanistan, India, Pakistan, Indonesia, Thailand, Malaysia, Mongolia, Bangladesh, Sri Lanka, South Africa and many other countries, especially in Africa. David Jones is a Chartered Public Finance Accountant and a Chartered Certified Accountant of the United Kingdom. His final examinations, for the former, included specialist diplomas in local government law and local government finance. Mr. Jones has studied and taught commercial, criminal and constitutional law, as well as participating in several Harvard Business School seminars, on teaching accounting by the case method. He has also studied Economics, Mathematics, Statistics and British Constitution, with London University (External).
From his long experience in financial management, Mr. Jones, single-handedly, authored the textbook: Municipal Accounting for Developing Countries. This is a 900-page manual, published by the Chartered Institute of Public Finance and Accountancy and the World Bank. This is, likely, the most detailed and comprehensive textbook on accounting, ever written by a single author. It was prescient, in developing techniques for public sector accrual accounting! He has also authored many other publications and professional papers, including teaching material for the World Bank Institute, Harvard (Graduate) Design School, George Mason University (Virginia) and elsewhere. These include slideshow and narrative presentations on cost recovery and/or subsidy, within the framework of financial analysis, for: water supply, urban transport, electricity and district heating systems. He has prepared similar papers and presentations on accounting and financial reporting for other services, including preventive and curative health, welfare, education, water supply and sanitation. He has, also, for many years, been a senior teaching affiliate of the Institute for Public Private Partnerships. During work for Harvard University, he developed, in Romania, a computerized Strategic Financial Planning Model. This is of general application to public services, shows the potential financial impacts of development upon budgets and financial results of participating local government and community units. It incorporates options for capital funding, from grants and loans, together with operation and maintenance expenditures. All results are presented in constant, current and deflated current values. In 2004-05, Mr. Jones was a member of the Harvard Graduate Design School team that prepared the Municipal Finance component of the UN-Habitat Global Report 2005: Financing Shelter and Urban Development. Mr. Jones began his career in English local government, where he was concerned with financial management of many services, including those for health and education; these involved the management of general and specific grant-funding. Based on his experience, he wrote English Local Government and its Financing. It explains the evolution of local government, from that provided by feudal lords and churches, to the present system of controlled autonomy, of elected local governments. These now operate alongside many and varied governmental and non-governmental entities, appointed from among the great and the good of English society. Another recent activity, prepared for the Russian Urban Economics Institute in Moscow, under a World Bank project, has been: The Russian Federation Expenditure and Public Sector Restructuring: Use of Performance Budgeting. He has worked with Russians since the end of the Soviet Union, in 1991. In the nineties, Mr. Jones, then a visiting lecturer at George Mason University, testified before the District of Columbia Committee of the United States House of Representatives, about financial management of Washington D.C. He has also advised the Parliament of Georgia, in the former Soviet Union, on local government audit law. [In the eighties, in a private conversation, at No.10, Downing Street, London, he warned (former World Bank colleague), Sir Alan Walters, Chief Economist to (then) Prime Minister Margaret Thatcher, not abolish property taxes, in favor of a poll tax! The rest is history!]

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David Jones CPFA FCCA (UK)

  • 1. David C. Jones, CPFA, FCCA. (UK) David Jones (British Citizen) has over forty-five years of experience as practitioner, educator, consultant and author in financial management. He has specialized, throughout his career, in the finance and management of local and state governments and public utilities. He was, until recently, Vice-president for Accountability at MIDEGO [Global Partnerships, Reaching Global Health Care Goals]. Specializing in accounting, budgeting, and financial management, he has provided advice and guidance to central, state and local governments, development institutions, non-profit organizations, utilities and companies in over 50 countries. Currently, he is the honorary auditor of an NGO, associated with the World Bank. Affiliated with the Harvard University Graduate School of Design, from 1987 to 2005, Mr. Jones was a Research Fellow and part-time Instructor at its Center for Urban Development Studies. He continues to be associated with former Harvard colleagues at The Institute for International Urban Development, a non-profit institution close to Harvards Cambridge campus. Since leaving the full-time staff of the World Bank, in 1987, Mr. Jones, as President of Farsight, has been consulting, teaching and training, in financial management and institutional development. In the early nineties, he taught Public Finance, for the Master in Public Administration degree, at George Mason University, Northern Virginia. He has lectured for the Master in Urban Planning Degree and the International Training and Education Programs at the Harvard Graduate Design School. He has also taught at the World Bank Institute and at many other institutions, world- wide, including Witwatersrand University in South Africa and the University of Malawi. For seventeen years, at the World Bank (1970-87), he was a senior financial analyst and then the Banks financial advisor, in the public utilities, water supply and urban development sectors. At the World Bank, and as a consultant, he worked extensively on the preparation, appraisal, negotiation and supervision of (loan-funded and grant-funded) urban development and public utility projects. He also helped to develop improved budgeting and accounting systems of municipalities, utilities and other institutions. Mr. Jones has developed and participated in many international seminars on public sector accounting and financial management. He has been a keynote speaker at many of these, worldwide, where he has worked in over fifty countries. In the late nineties, he was designated by Harvard Center for Urban Development Studies, as Principal Specialist in Budgeting and Public Financial Management for a two-year USAID- funded Local Government Assistance Project in Romania. He has also worked in other countries of the former Soviet Union and Eastern Europe: Russia, Ukraine, Georgia, Belarus, Latvia, Lithuania, Azerbaijan, Bosnia, Macedonia, the former Yugoslavia, Poland and Albania. In addition, he has worked in China, Afghanistan, India, Pakistan, Indonesia, Thailand, Malaysia, Mongolia, Bangladesh, Sri Lanka, South Africa and many other countries, especially in Africa. David Jones is a Chartered Public Finance Accountant and a Chartered Certified Accountant of the United Kingdom. His final examinations, for the former, included specialist diplomas in local government law and local government finance. Mr. Jones has studied and taught commercial, criminal and constitutional law, as well as participating in several Harvard Business School seminars, on teaching accounting by the case method. He has also studied Economics, Mathematics, Statistics and British Constitution, with London University (External).
  • 2. From his long experience in financial management, Mr. Jones, single-handedly, authored the textbook: Municipal Accounting for Developing Countries. This is a 900-page manual, published by the Chartered Institute of Public Finance and Accountancy and the World Bank. This is, likely, the most detailed and comprehensive textbook on accounting, ever written by a single author. It was prescient, in developing techniques for public sector accrual accounting! He has also authored many other publications and professional papers, including teaching material for the World Bank Institute, Harvard (Graduate) Design School, George Mason University (Virginia) and elsewhere. These include slideshow and narrative presentations on cost recovery and/or subsidy, within the framework of financial analysis, for: water supply, urban transport, electricity and district heating systems. He has prepared similar papers and presentations on accounting and financial reporting for other services, including preventive and curative health, welfare, education, water supply and sanitation. He has, also, for many years, been a senior teaching affiliate of the Institute for Public Private Partnerships. During work for Harvard University, he developed, in Romania, a computerized Strategic Financial Planning Model. This is of general application to public services, shows the potential financial impacts of development upon budgets and financial results of participating local government and community units. It incorporates options for capital funding, from grants and loans, together with operation and maintenance expenditures. All results are presented in constant, current and deflated current values. In 2004-05, Mr. Jones was a member of the Harvard Graduate Design School team that prepared the Municipal Finance component of the UN-Habitat Global Report 2005: Financing Shelter and Urban Development. Mr. Jones began his career in English local government, where he was concerned with financial management of many services, including those for health and education; these involved the management of general and specific grant-funding. Based on his experience, he wrote English Local Government and its Financing. It explains the evolution of local government, from that provided by feudal lords and churches, to the present system of controlled autonomy, of elected local governments. These now operate alongside many and varied governmental and non-governmental entities, appointed from among the great and the good of English society. Another recent activity, prepared for the Russian Urban Economics Institute in Moscow, under a World Bank project, has been: The Russian Federation Expenditure and Public Sector Restructuring: Use of Performance Budgeting. He has worked with Russians since the end of the Soviet Union, in 1991. In the nineties, Mr. Jones, then a visiting lecturer at George Mason University, testified before the District of Columbia Committee of the United States House of Representatives, about financial management of Washington D.C. He has also advised the Parliament of Georgia, in the former Soviet Union, on local government audit law. [In the eighties, in a private conversation, at No.10, Downing Street, London, he warned (former World Bank colleague), Sir Alan Walters, Chief Economist to (then) Prime Minister Margaret Thatcher, not abolish property taxes, in favor of a poll tax! The rest is history!]