The Control And Management Of Public Expenditures Essay

While there is still much to learn about financial operation of a health organization, I feel that I have better understand of most of the fundamental principles that apply to a broad spectrum of businesses. Upon reflection this understanding of financial principles also reinforces the need to have a fundamental base of knowledge, but simultaneously services to illustrate the vast body of information that there still is to learn. The allied health community assignments were useful in a general sense, in that they allowed a student to apply some of the concepts that they have learned. This “hands on” approach was helpful because it added context to the lectures and readings. As an exercising in doing the work of an administrator, the allied health community exercises required the student to research additional information about the topics assigned and this allowed me to further mentally cement the concepts.

Evaluate the case for cutting public expenditure rather than raising taxes as a means of reducing fiscal deficits.

The debate over non-profit versus for-profit healthcare organization has been ongoing, does one provide better care than the other? Do the operations of for profit perform better than the non-profit organizations? Are the criticisms about for-profit organization validated and is there proof? The goal is to examine those questions as well as offer options to improve the financial and operational performance of non-profit and for-profit organizations criticisms.

Though they are not entirely comprehensive tools, a great deal can be learned about a hospital or other healthcare organization for-profit or not-for-profit from an examination of their annual financial documents (Finkler & Ward, 2006). The balance sheet and statement of revenue and expense can both yield valuable clues even in the absence of other evidence about changes that might be occurring in the organization, a definition of the type and degree of certain problems that it might be facing, and potential opportunities for improvement in performance that might exist (Finkler & Ward, 2006). Comparing two or more years' worth of financial information yields even more valuable insights, tracking movement in the hospital or other organization's ability to finance its activities and thus continue providing services at the same level, quantity, and scope as current operation.

Chief administrative officers (CAO) is in charge of nearly every aspect of a company, typically only answering to the chief executive officer and the CAOs are employed in a wide array of industries and have many functions depending on the size and scope of their company (Amico, 1999-2013). He or she will handle the hiring and training of the top-level employees and managers. The CAO will make sure the employees work as a team. A chief administrative officer will need to understandthe company 's policies and overall mission. He or she will need to give the employees job descriptions that is best suited for that employee. According to Amico (1999-2013), ?He must delegate, organize and come up with new ideas to help the company 's bottom line anda chief administrative officer must have strong verbal and written communication skills? (para, 2-3). In this paper, the problem will be stated. Issues and how to solve the health needs of an African country will be discussed. Integrating Fund Accounting, Financial controls, and Control and Management of Public Expenditures will be discussed. Explanation on government financial reporting requirements and applying budgets as disciplinary footsteps and remarks will be elaborated. The Analysis of financial statements

Taxes are the dollars that we pay to government to supply the services that are not or can not be provided through the free enterprise system. Taxes have been around since the beginning of organized societies. They come in various forms. Most common are income taxes both federal and local government. These taxes are assessed on the amount of income a person earns. Other taxes come in the form of user taxes; these taxes are imposed on the people that are using the goods being taxed, such as gas tax, alcohol tax, sales tax, and luxury taxes. Property taxes make up the major revenues for local and city governments. Furthering the burden of taxation are taxes that are attached to such bills as utility

The financial statement analysis of Doctors Hospital raises hopes and concerns regarding the financial performance and financial situation of the hospital. A rise in net assets and drop in liabilities will support the financial base of the hospital. Profits from short-term I nvestments should maintain this base, and improve the total assets. There is a concern in regards to cash flow and net income. There is a large reduction in cash flow of $2,222,000, which means there might be a shortage in cash flow to continue the project or purchase capital equipment. The organization should have to find solutions like to borrow from banks, spreading payments in future, etc. to manage the shortage of cash flow (Finkler et al., 2013). Another area

The federal budget is known as the infamous monetary tank from which money is distributed to various programs. Why does the federal budget plan cause such uproar of approval or disapproval when it is proposed by the President every February? The money utilized every fiscal year, which runs from October 1st of each year until the end of September of the following year, belongs to the people. The money is raised through income taxes, excise taxes (taxes on goods) and social insurance payroll taxes. Presently, the public is worried about how they will receive a fair share of money appropriations in such a slow economy. The federal deficit has returned, which means that the government’s spending

The public financing system was “established in 1976, the public financing system entitles the major party nominees to take up to $84 million of taxpayer funds for their campaign. In return, candidates agree not to take private donations, so they’re effectively limited to the $84 million (pro).” But there is also an alternative route that candidates can choose and that is the Private route. This route limits individual donors to only $2,300 dollars which is well over the $250 dollars as stated before. This is the smart way to go if you plan on having a successful campaign just like Obama did.

Fiscal Policy can be explained in many ways, for example. Fiscal policy is the use of the government budget to affect an economy. When the government decides on the taxes that it collects, the transfer payments it gives out, or the goods and services that it purchases, it is engaging in fiscal policy. The primary economic impact of any change in the government budget is felt by particular groups—a tax cut for families with children, for example, raises the disposable income of such families. Discussions of fiscal policy, however, usually focus on the effect of changes in the government budget on the overall economy—on such macroeconomic variables as GNP and unemployment and inflation.

Mandatory spending will continue to rise in the constant dollar. It will rise slightly from the current level and then will remain relatively constant, as a share of GDP, though FY2020 (around 13% of GDP). After FY2021, mandatory spending is projected to account for nearly 14% of GDP between 2022 and 2024 before topping 14% in 2025. Mandatory spending, according to CBO current law projections, will be about 14.2% of GDP in FY2025. It will rise from 2,530 billion FY2015 estimated to 3,891 billion in FY 2025 estimated. Mandatory spending has slightly risen because the cost the rising health care cost is project to result in a continued upward trend despite reductions. I think other area will continue to fall like Discretionary spending, discretionary

Welcome everyone to the Governor’s Conference on Economic Development, today we shall discuss some interesting topics that should deal with our economy, and how it has developed and changed over time. To do this, we first need to discuss variables that might affect the equilibrium of supply and demand, as well as how that could be desired. Then, through using the concept of consumer and producer surplus, we will introduce the efficiency of markets, costs of taxation and some benefits of international trade. We will also discuss any side effects or consequences that might prevent market equilibrium, and the government’s policies that are used to remedy the inefficiencies in markets that are caused by externalities. Finally, we will finish with learning the difference between the efficiency of our tax systems, and the equality of a tax system.

The purpose of this essay is to discuss the public interest and the administrative responsibility. Discuss some of the recent ethical obligations confronting public administrators in their day to day decision making. Also we will examine the recent trend in privatizing government functions. Finally, we will discuss if privatizing posses any type of dilemma’s for the attainment of public interest.

There are two things in life that are certain: death and taxes. In today's world, the majority of our government's income comes from taxation. A tax is not a voluntary payment or donation, but an enforced contribution imposed by government (Mikesell, 2011). Taxes are an amount of money collected from citizens, and they are used to provide public goods and services to benefit our communities. Taxes are amounts established in a political process of structured laws to determine how the collective cost of government services will be distributed among elements of the market economy. The two most important tax policies are the level of taxation, or how much taxes should be, and the structure of the system, or how revenue is to be raised

Budgetary controls are a means to maintain some kind of order within a business. Of course, there are various options when it comes to budgetary controls. This writer will be reflecting on Ammons (1999) article, which provides a brief history of benchmarking during the 1970’s and 80’s to how it has influenced change today (Ammons, 1999). However, this writer will be focusing on benchmarking and how such a method can be considered to be a control, yet also has weaknesses or limitations that it may not account for. This writer will be indicating how benchmarking applies to McDonalds Corporation and whether if it is helpful or not. Lastly, this writer will be discussing simple balance sheets, profit and loss, and financial ratios statement (Bateman & Snell, 2013). All of the concepts mentioned play an important part in budgetary control and apply to McDonald 's corporation. As many individuals have found out through the years having a system in place such as checks and balances, ensures that everyone is within compliance.