Philippine Local Government Taxation Local government units‚ by virtue of the 1987 Constitution and the Local Government Code of 1991‚ otherwise known as Republic Act 7160 have been given the power to raise certain taxes. Power to Create Sources of Revenue (Sec. 129) • Each local government unit (LGU) has thepower to create its own sources of revenue and to levy taxes‚ fees‚ and charges • The grant of power to create sources of revenue is consistent with the basic policy of local autonomy
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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
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Budgeting is an important process of management‚ once we prepared a completely budget‚ we can use it to examine whether our overall plan can be adapted closely. I agree the statement ‘budgeting is a key component in management short or long term planning’. Good watch prevents misfortune‚ an effective budget will let the firm make money successfully and prevent the overdraft or any financial problem of a company in the future. Besides that‚ build the shelter before rain‚ prepared a budget in advance
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A Capital Budgeting Method. (The evaluation of two mutually exclusive projects with varying lives requires careful examination of the existence of the reinvestment opportunities at the end of the different economic lives of the projects. The current article deals with a method that may be adopted in situations wherein the level of investments‚ the life of the projects and cash inflows (or outflows) are unequal.) Risk is inherent in almost every business decisions. Capital budgeting being an
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Believe it or not there are companies out there that make $50 million dollar mistakes. “How ABC Was Used in Capital Budgeting” examines how one Fortune 500 company almost made what could have been an extremely devastating $50 million dollar mistake by carrying out a “cybermall” project based on favorable business case forecast results. Luckily‚ upper management was willing to allow their Chief Financial Officer to conduct further analysis before making this investment decision. This article
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This work includes FIN 375 Week 2 Venture Budgeting and Forecasting Paper Business - General Business Individual Venture Budgeting and Forecasting Paper Refer to the University of Phoenix Material: Venture Budgeting and Forecasting Paper located on the student website. Exercise a little creativity in college dating. There’s no need to spend a lot of money at a fancy restaurant. You can cook a really nice meal at home and have a candlelit meal. You will surely
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includes a list of planned incomes and expenses in the future. As such‚ budgeting is the process to manage these incomes through responsible spending by calculating all planned expenses and allocating funds to pay these expenses. This is especially important for businesses as it help managers determine the amount of money they have and how they use it to come up with a suitable plan to achieve the company’s financial goals. Budgeting is an important tool that would be beneficial to both long term and
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Assessment: Lite orange juice Project 1. Define the term “incremental cash flow”. Since the project will be financed in part by debt‚ should the cash flow analysis include the interest expense? Incremental cash flow is the additional operating cash flow that an organization receives from taking on a new project. A positive incremental cash flow means that the company ’s cash flow will increase with the acceptance of the project. Cash flow analysis should not include the interest expense. We
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The first attribute that I was to work on during my teaching rounds was my Teaching Philosophy. It was imperative that i investigated and discovered what my teaching philosophy is whilst completing these teaching rounds. Plan and enactment In order to further my skills and figure out what my teaching philosophy is‚ I created a five step plan featured below: 1. Undertake a small reflection of my current teaching philosophy across all key learning areas and standards. 2. Consult with
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tougher it gets‚ the cooler I get” (brainyquote). This quote was said by the former President of the United States named Richard M. Nixon. Nixon was a controversial figure who was mired in scandal and negativity; however‚ there were many positive attributes of this great President. Richard M. Nixon had many unique traits that affected the length of his Presidency. Nixon will always be remembered as the President who landed men on the moon‚ fought in the Vietnam War‚ and was involved in the Watergate
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