“THEME: PROCUREMENT" INTRODUCTION Procurement is when the government is outsourcing of goods‚ services or works from the private sector. It is favorable that the goods‚ services or works are appropriate and that they are procured at the best possible cost to meet the needs of the public in terms of quality‚ quantity‚ time‚ and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and
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Nigeria gained its independence on October 1‚ 1960. In 1963 it became a Federal Republic and a member of the Commonwealth of Nations. Nigeria is the most populous country in Africa‚ with about 140 million people (2006 national census) and the largest concentration of Black people in the world. One in five Africans is a Nigerian. There are about 250 ethnic groups‚ with three major tribes constituting over 40 percent of the population: the Hausa‚ Ibo and Yoruba. Other major ethnic/linguistic groups
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CT310: Principles of working in the public sector (optional) Organisational structures The organisation of Central Government is separated into separate government departments. Most government departments are headed by a secretary of state or other senior minister and the structure of these departments tends to reflect what functions the minister has to oversee. Some departments are known as ‘non-ministerial’ which means they are not headed directly by a minister‚ but rather by a board answerable
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PRIVATE SECTOR VS PUBLIC SECTOR ACCOUNTING STANDARD 1. INTRODUCTION The global financial crisis has demonstrated that the public sector as well as the private sector needs the highest quality accounting standards. Around the world‚ accounting in the public sector is practiced in diverse ways and struggles to achieve comparable standard in accountability and transparency. The Securities Act of 1933 gave the commission the authority to prescribe accounting standards to be followed by the companies
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energy i.e. electricity which is mainly utilized for driving machines for the production of various items. The manufacturing sector has always emphasized in their public policy advocacy‚ the need to improve various infrastructure‚ particularly‚ electricity which is the primary energy required for production. The uncompetitiveness of goods produced in Nigeria is largely due to the fact that apart from other facets of the economy which affect the manufacturing environment‚ electricity has
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HIV/AIDS – An International Concern November 16th 2009 Abbreviations and acronyms AIDS : Acquired Immunodeficiency Syndrome ARV : Antiretroviral (drug) CDC : Centers for Disease Control G8 : Group of Eight GFATM : The Global Fund to Fight AIDS‚ Tuberculosis and Malaria HIV : Human Immunodeficiency Virus NGO : Nongovernmental Organization TERG : Technical Evaluation and Reference Group UN : United Nations UNAIDS : Joint United Nations Program on HIV and AIDS UNESCO : United
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References: "Advantages and Disadvantages of Using Incrementalism in Public Budget Preparation." Thinking Made Easy. Web. 17 July 2011. . "Advantages and Disadvantages of Using Incrementalism in Public Budget Preparation." Thinking Made Easy. Web. 17 July 2011. . Douthat‚ Ross. “The Advantages of Incrementalism. “NY Times: Opinion Page. New York Times‚ 21 Jan. 2010. Web. 17 July 2011
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organizations‚ such as public sectors. Moreover‚ due to several deficiencies and drawbacks of government accounting and financial-management systems‚ such as unclear accountability‚ poorly maintained assets and hided losses and long-term liabilities‚ reforms in the public sector have been conducted over the last several decades across the word from New Zealand‚ Australia to England (Ball and et al‚ 1999). Accounting innovation by implementing accrual accounting in the public sector is one of the major
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Financial Performance The table below shows that the analysis of financial ratios. Types of Ratio Sub Ratio Perbadanan Kemajuan Negeri Kedah (PKNK) Syarikat Air Darul Aman (SADA) Liquidity Ratio Current Ratio 2.19 times - Quick Ratio 2.04 times - Cash Ratio 0.343 times - Efficiency Ratio Working Capital RM 189‚278‚871 RM 120‚434‚000 Inventory Turnover 1.3 times - Total Assets Turnover 0.078 times - Profitability Profit Margin 36.8% 7.94% Operating Margin 45
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Volume 7 – No. 1 © OECD 2007 Improving Public Sector Efficiency: Challenges and Opportunities by Teresa Curristine‚ Zsuzsanna Lonti and Isabelle Joumard* This article examines key institutional drivers that may contribute to improving public sector efficiency and focuses on one of them in more detail: performance information and its role and use in the budget process (“performance budgeting”). * Teresa Curristine is a Policy Analyst in the Public Governance and Territorial Development Directorate
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