Budgets are a very important tool in managing fiscal sustainability as it relates to both public and private organizations. In addition‚ the preceding statement is almost always accompanied by the discussion of the need or dispensability of budget transparency for implicated stakeholders. Therefore‚ budgets are key documents since they lay out a government’s priorities in terms of policies and programs. Budget transparency for public systems refers to the extent and ease with which citizens can access
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Allocate Resources and Develop Budgets The resource allocation and budgeting process is one of the most powerful stages of planning. Resource allocation refers to the distribution of resources‚ and in particular finance‚ from the center to peripheral (outer) levels. Budgeting implies the more detailed determination of precisely how these funds are to be used. - Managers allocate resources to carry out the plan such as o Money o People o Materials o Equipment and o Time - Sales budget is
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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Name: Su Zhelong UtasNum: 144362 SOUNum: 0991340 Word Count: 1846 KGA 378 Long Essay: Pressures‚ Problems and Prospects of the Chongming Dontan Ramsar Site I. Introduction From the pre-industrial period to post-industrial period‚ the problems caused by environment deterioration always come with the great economic growth and significant technical promotion. To equilibrate social development and environmental health puzzles people all over the world at present while poverty still affect
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Cooperative federalism is a concept of federalism in which nation‚ state‚ and local governments interact cooperatively. Although president Obama may be criticized for decisions he has made‚ I believe he should be awarded for many of the positive things he has done for our country. Cooperative Federalism would be the Children’s Health Insurance Program‚ in which president Obama has put into place which it provides health coverage to nearly 8 million children in families with incomes too high to qualify
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“Federalism is understood as a principle of government that seeks to reconcile unity and diversity through the exercise of political power along multiple autonomous level” (Tremblay‚ Lecours‚ Nikolenyi‚ Salloukh and Scala‚ 2007). Federalism is usually found in countries which have different religion‚ language‚ culture and economics and works best in states which are multicultural or multinational. “Federalism provides protection against domination by the majority‚ an opportunity for self fulfillment
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Fiscal Policy Fiscal Policy is a macroeconomic (influencing the whole economy) policy that can influence resource allocation‚ redistribute income and reduce the fluctuations of the business cycle. Government’s policy What is the expected outcome for the 2012-13 Budget? Give a brief explanation. 1.5 billion dollar surplus; from deficit to surplus. They are using contraction Fiscal policy. What is the expected outcome for the 2012-13 Budget? Give a brief explanation. 1.5 billion dollar surplus;
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The Problems and Prospect of Ship Breaking Industry in Bangladesh: An Overview Presented by Iftekhar Uddin Chowdhury‚ PhD Professor of Sociology University of Chittagong Bangladesh Introduction • • • • Turn discarded ships into scrap Corrosive‚ noisy and dusty in nature Terrible working conditions Environment pollution due to emission of toxic and pollutant gases • Employment generation (about two hundred thousand workers) • Provide 70% raw materials for MS Rod • About
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In economics‚ fiscal policy is the use of government expenditure and revenue collection (taxation) to influence the economy.[1] Fiscal policy can be contrasted with the other main type of macroeconomic policy‚ monetary policy‚ which attempts to stabilize the economy by controlling interest rates and the money supply. The two main instruments of fiscal policy are government expenditure and taxation. Changes in the level and composition of taxation and government spending can impact on the following
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Revenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for
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