ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
as a tool of management
|
|
|
as a source of information
|
|
|
as an Instrument of Fiscal Policy
|
|
|
as an Instrument of Public Personnel
|
Detailed explanation-1: -financial administration is a critically important facet of public administration which operates through the instrument of the budget and encompasses the entire budgetary cycle, that is, formulation of the budget, enactment of the budget, execution of the budget, accounting and auditing.
Detailed explanation-2: -The financial administrator is one who is responsible for any financially related task of the organisation. They are also responsible for developing the organisation’s financial plan, prepares financial reports and is involved in directing its investment activities.
Detailed explanation-3: -Most financial management plans will break them down into four elements commonly recognised in financial management. These four elements are planning, controlling, organising & directing, and decision making.
Detailed explanation-4: -Capital budgeting. Employing funds in different assets is integral to any organisation. Capital structure. Sourcing funds to ensure smooth functioning is the quintessential decision organisations need to make. Dividend decision. Working capital management decision. 13-Dec-2022