UOPX ACC 548 - Comprehensive Annual Financial report

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Comprehensive annual financial report and budget analysisGOVERNMENT AND FOR-PROFIT BUDGETS USES AND DIFFERENCESWHAT ARE BUDGETS USED FOR?Non-discretionary fiscal policies impact governmental revenues and expendituresNon-discretionary spending and its impact on government revenuesGOVERNMENT MEASURES FOR KEY PERFORMANCE INDICATORS (KPI)Government Budgets1.Prepared officially by the Revenue and management office.2.Authenticated documents.3.Approved by the president of the United States.4.Liquidity management is specialized by the government.For profit Budgets1. Various budgets used by private entities: Cash budget, Operational budget, Capital budget.2. Future results and manager decisions are related to these budgets.3.This sector is shows interests to new initiatives.1.Capital budget is the backbone of a financial economics and to important to buy or make project selection, investment and maintenance decisions.2.This is linked in the private sector with infrastructure investments like equipment and plant.3.Capital budget is helpful while making decisions on buying or making or investments in working and is useful in long term choices.4.Operating budgets control management in the private sectors by motivating them.Non-discretionary fiscal policies have a great impact on governmental revenues.Various taxation laws should be honoured even if they affect the present expenses.Revenues are affected in ways, by the governmental stabilizers, that are uncontrollable sometime.Discretionary fiscal policies are reactive in the sense of alteration an economy. Non-discretionary fiscal policies are functioning all the time.1. As recession keeps going on, the approach for a taxation progress means a lower revenues for the city as incomes fall too.2. With the appearance of unemployment, unemployment insurance pay get higher and government has to pay up.3. Increase in welfare expense for the government because incomes have decreased.4. Non-discretionary effort, described in the Aggregate Supply and Demand formula, in returning the economy to the desired output and input.1. Is the government attaining its economic goals by financial accountability?2. Political issues will be achieved by the governmental budget as it will meet its target and will spend funds when needed.3. How many fiscal policies were successful? Do assessments, polls or survey help?4. The state controller decides if the budget, although previous ones failed to balance the strategic solutions developed to assess Las Vegas’s priorities, is Balanced properly.5. Performance measurements are required in for profit budget along with Benchmarks, financial ratios and the efficiency of input/output.6. In order to compare specific areas, KPIs use ratios and determine to stack up against


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UOPX ACC 548 - Comprehensive Annual Financial report

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