Mindanao State University Graduate School MASTER OF PUBLIC ADMINISTRATION Tamontaka‚ Datu Odin Sinsuat‚ Maguindanao LOCAL GOVERNMENT ADMINISTRATION I – Introduction: The history of national-local relations in the Philippines is characterized by centralism. The central government from the Spanish regime up to now maintained a very strong control and influence over local governments. The evidence of such centralist tendency is Section 4‚ Article X of the 1987 Constitution which provides that
Premium Local government District
The importance of capital budgeting cannot be exaggerated. Some of the reasons for this importance are mentioned below: • Capital budgeting involves a greater amount of risk on account of unforeseen situations. Capital is generally invested with the expectation of future benefits which are likely to accrue over a long period of time. Therefore‚ a right decision has to be taken to ensure a favorable impact on the profitability and competitive position of the firm. • Capital budgeting decisions
Premium Investment Finance Corporate finance
The importance of capital Budgeting In the world of business‚ capital budgeting is one of the most important steps that a company can take. Many in the business world do not properly understand the importance of capital budgeting. Here are the basics of capital budgeting and why it is important to businesses. What Is Capital Budgeting? Capital budgeting is a process that attempts to determine the future. Before any large project begins‚ the capital budgeting process should be utilized. Without
Premium Management Decision making Entrepreneurship
Capital budgeting (or investment appraisal) is the planning process used to determine a firm’s expenditures on assets whose cash flows are expected to extend beyond one year such as new machinery‚ equipments‚ etc. It is also the process of identifying‚ analyzing and selecting investment projects whose cash flows are expected to extend beyond one year such as research and development project. Capital expenditures can be very large and have a significant impact on the firm’s financial
Premium Investment Capital budgeting Finance
Brief Historical Background of Local government System in Nigeria Regardless of nomenclature‚ local government is a creation of British colonial rule in Nigeria. It has overtime experienced change in name‚ structure and composition. Between 1930s and 1940s‚ for instance‚ local government was known as chief-in-council and chief-and-council‚ where traditional rulers were given pride of place in the scheme of things. In the 1950s‚ election was introduced according to the British model in the western
Premium Local government British Empire
Managing Human Resources: Personnel Administration in Local Government In this article‚ the author Ronald D. Sylvia speaks on the management of human resources and its difficulty in the preservation‚ and integrity in personnel administration on the local government level. In reading the article the author gives us a brief history of how the hiring process in the local government became so corrupt. Due to several legal and social constraints faced by public managers in the public sector of the
Premium Human resource management Employment Human resources
Capital budgeting Making decisions having significant future benefits or costs for various entities and their stakeholders. Capital budgeting is the backbone of financial economics. Related topics in financial economics include: the time value of money‚ the meaning of net-present value‚ accounting concepts consistent with present-value calculations‚ discount rates‚ and option valuation techniques. In the public sector‚ the term is often exclusively associated with infrastructure investments
Premium Net present value Capital budgeting Investment
Capital Budgeting Introduction Capital budgeting is the process of evaluating and selecting long-term investments that are consistent with the firm’s goal of maximizing owner wealth. A firm using capital budgeting‚ their goal is to see if there fixed income will cover itself for profit. Fixed incomes are things such as land‚ plant and equipment. When a firm using a machine to produce its good or service. They most of the time what the machine to produce the amount that they paid for the machine
Premium Net present value Cash flow Internal rate of return
3 : Literature Review in Capital Budgeting Studies 3.1 Introduction 3.2 Literature Review : Foreign Studies 3.3 Literature Review : Indian Studies 3.4 Conclusion 92 Chapter 3 : Literature Review in Capital Budgeting Studies 3.1 Introduction: A number of researchers in finance and accounting have examined corporate capital budgeting practices. Many of these articles survey corporate managers and report the frequency with which various evaluation methods‚ such
Premium Net present value Capital budgeting Internal rate of return
CHAPTER 18 INTERNATIONAL CAPITAL BUDGETING SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Why is capital budgeting analysis so important to the firm? Answer: The fundamental goal of the financial manager is to maximize shareholder wealth. Capital investments with positive NPV or APV contribute to shareholder wealth. Additionally‚ capital investments generally represent large expenditures relative to the value of the entire firm. These
Premium Net present value Corporate finance