Identify and describe the different budget formats used in the public sector and explain the pros and cons of each format. Operations budgeting Line Item Budgets Line item budgeting was used as a response to political machines that controlled many state and local governments (Lee, 2010). The focus of this type of budget in on the objects of expenditures allowed for each department, and it lists goods and services to be purchased (Lee, 2010). The line items correspond to the accounts in the accounting
The idea of Critical success factors (CFS) was first presented by D.Ronald Daniel in 1960. The definition of (CFS) is the essential areas of activity that should be performed in professional way to meet the objectives and the certain aims on which the business based on to create success. According to mind tools (2014) According to our case study (Emirates Group) there is four main (CFS) as shown below: 1- Extending their brand reach they continued to invest strategically through 2013 – 2014 to
higher valued NPV projects. This results in a gap among financial and strategic analysis. Strategic objectives often involve investments that seem to result in a negative NPV, if only measured by the cash flows, although they can create a strategic advantage to invest in valuable follow-up opportunities. Correctly applied, the financial option theory can link the gap among strategic and financial analyses by valuing the strategic options of a company. A more accurate definition of real options is made
Assignment front sheet Learner name Assessor name BINOY BALARAM ANU ANTONY Date issued Completion date Submitted on Qualification Unit number and title BTEC LEVEL 7 EDSML UNIT 9: MANAGING CORPORATE RESPONSIBILITY IN THE WIDER BUSINESS ENVIRONMENT Assignment title In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. Criteria reference To achieve the criteria the evidence must show