Discuss weaknesses in the public sector accounting and finance in the usage of resources that might hinder the social and public service delivery

Q: Reputation of outcomes can play a role in the financial viability of an organization. Can you…

A: The financial growth and development of a corporation is an important objective and goal for a…

Q: What is the Machiavellian approach to decision making?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: strengths and weaknesses of public financial management at the local government level.

A: The collection, management, and use of public funds across an economy are referred to as public…

Q: Government policies that focus on the aggregate safety and soundness of the financial system are…

A: Answer: The correct answer is option A. Macro-prudential supervision.

Q: How to improve the likelihood of successful adoption of a new information systems that members of…

A: The question is based on the concept of factors and methods for successful adoption of information…

Q: The IASB sets standards for: a. The private sector b. The public and private sectors c.The public,…

A: IASB:- International Accounting Standard Board is an independent private sector body that prepares…

Q: why do managers of governmental and not for non profit organizations need to understand financial…

A: The main difference between government or non-profit entities and profit entities is their purpose.…

Q: discuss in detail the adminstration of financial management within the public sector

A: Financial management include applying general management concepts to the enterprise's financial…

Q: Analyse the consequences of financial management and failure to adhere to regulations, including…

A: Financial management is a critical aspect of running any business or organization, and failing to…

Q: Lawmakers should demand reform of government accounting standards?

A: Yes, lawmakers should demand reform of government accounting standards. Government accounting…

Q: Which of the following best describes the process of removing or reducing of governmental controls…

A: The government imposes control on the financial industry in order to ensure fair practices in the…

Q: How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the…

A: Accounts is the individual’s personal account, real account and nominal account which is prepared to…

Q: Accounting purpose of Governmental and not-for-profit organizations are different from business…

A: The main motive of business organizations is to earn maximum profit by selling the goods &…

Q: Describe the agency problem in public companies

A: Definition:

Q: Discuss the importance of good governance in the public sector

A: Introduction:- Good governance increase a positive reputation and a healthy culture within the…

Q: 1. How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the…

A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business…

Q: Government places controls on the personal financial environment by use of Group of answer choices…

A: The personal financial environment refers to the part of finance that includes the investing and…

Q: What is serious regulatory lapses in the system as difficulties in the financial system?

A: Financial system is the system where all the players are involved and exchange funds & money…

Q: What can a person try to do to genuinely control spending to better achieve financial success?

A: Financial performance should be converted into a range of financial goals, properties, or net worth…

Q: What is your present understanding of the short-term versus long-term financial needs of an…

A: The financial health of an organization is a comprehensive evaluation of its fiscal soundness and…

Q: Discuss the importance of establishing an effective risk management policy at financial institutions…

A: The question is based on the concept of financial risk management and its importance in financial…

Q: what are the reasons financial accounting standards inspire or encourage political action and…

A: The financial accounting standards are used while accounting by all the entities which are required…

Q: Discuss the agency costs in the Agency Theory in corporate governance and solutions applied thereto.

A: Agency cost: Conflicts regarding the relative priorities between principals and their agents are…

Q: Why do governments intervene in setting accounting standards instead of leaving it to the private…

A: Government and politicians frequently become involved in financial accounting regulation. The…

Q: The cornerstone of external financial reporting for governmental units and not-for-profit…

A: The correct answer is: (D) Accountability  The cornerstone of external financial reporting for…

Q: Government financial reporting should assist report users in evaluating:

A: Answer

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.