In this course, performance budgeting has been examined as a budget reform from the perspectives of budget functions and the flow of government service provision. Assume that you are a budget analyst in a city that uses a traditional line-item budgeting system. Recently the chief executive office (CEO) of the city has asked you to develop a performance budgeting system. (1) Explain thoroughly and comprehensively the key components of performance budgeting to the CEO, using the perspectives examined in this course with examples. (2) Use these components to thoroughly and comprehensively explain the differences between traditional line-item budgeting and performance budgeting. (3) Describe comprehensively and explain critically the key elements in your proposed performance budgeting system with examples. Discuss thoroughly the potential challenges of developing the performance budgeting system with examples.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In this course, performance budgeting has been examined as a budget reform from the perspectives of budget functions and the flow of government service provision. Assume that you are a budget analyst in a city that uses a traditional line-item budgeting system. Recently the chief executive office (CEO) of the city has asked you to develop a performance budgeting system.

(1) Explain thoroughly and comprehensively the key components of performance budgeting to the CEO, using the perspectives examined in this course with examples.

(2) Use these components to thoroughly and comprehensively explain the differences between traditional line-item budgeting and performance budgeting.

(3) Describe comprehensively and explain critically the key elements in your proposed performance budgeting system with examples. Discuss thoroughly the potential challenges of developing the performance budgeting system with examples.

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