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The effect of proper budgeting and accountability to the development of the public sector
- Type:Project
- Pages:81
- Format:Microsoft Word
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
The world today has embraced globalisation, a complicated process, focusing on how events,
decisions and activities in one part of the world can have consequences in other parts of the
world (Lee & Collin 2005), to achieve a defined business purpose. However, just when we
thought we had seen the depth to which an otherwise healthy economy can reach, world
events continue to occur that change every business plan significantly (Lalli, 2003). The
harsh reality of this decade is that it is comprised of massive corporate layoffs, lower profits,
bankruptcies and even in the public sector, cases of corruption and mismanagement of funds
remain rampant. In fact, resources are drained and redirected but the greatest accountants,
brightest economists, most insightful analysts, and professional budget masters still continue
to evolve theories to ensure that financial information is produced, implemented and
adequately accounted for.
According to CIMA, a budget is defined as “a quantitative statement for a certain period of
time, which include revenues, assets, liabilities and cash flows. According to Dubnick (2002),
the beginning of the contemporary concept can be found to be the reign of William I, in the
many years succeeding the 1066 Norman conquest of England. Accountability is one of those
golden concepts that no one can be against (Bovens, 2005). It is used as a synonym for many
loosely defined political desiderata, such as transparency, equity, democracy, efficiency,
responsiveness, responsibility, and integrity (Mulgan 2000; Behn
Details
| Type | Project |
| Department | Business Administration and Management |
| Project ID | BAM2327 |
| Price | ₦3,000 ($20) |
| No of Pages | 81 Pages |
| Format | Microsoft Word |
|
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Details
| Type | Project |
| Department | Business Administration and Management |
| Project ID | BAM2327 |
| Price | ₦3,000 ($20) |
| No of Pages | 81 Pages |
| Format | Microsoft Word |
|
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