How should a financial manager of a state agency apply

Assignment Help Accounting Basics

Reference no: EM131683345

Assignment

Now that you have reviewed financial controls and the accounting issues and challenges that occur, please share your findings and opinions for the discussion. You often see news reports predicting the direction of the economy; the prediction is based upon one common internal control, the separation of responsibility for related duties about financial management practices.
Please review these two concepts and discuss the following questions.

1. How accurate are these predictions and how should a financial manager of a state agency apply them?

2. Why would separating responsibilities be an efficient or effective way to control money?

3. What is the difference between "managing the financial system" and "using the financial system to manage the organization"?

4. Which should a budget director of a nonprofit organization of a city or state agency spend more of his or her time on?

Explain your responses and provide appropriate examples.

Reference no: EM131683345

Questions Cloud

What would the temperature be in the mountains at elevation : If in another situation the temperature at sea level were 90 degrees F and the lapse rate were known to be 2.8 degrees F / 1000 feet, what would the temperature

What is a guardianship agreement : What are some of the benefits married couples enjoy that cohabitating couples don't? What is a guardianship agreement? Why are they used?

Briefly discuss the ballot problem : Consider a two-candidate election in which the winner received a fraction p of the vote. If the votes are counted sequentially.

Discuss large concentration of the population near toronto : The is also a fairly large concentration of the population near Toronto, which is close to some of the Great Lakes

How should a financial manager of a state agency apply : How accurate are these predictions and how should a financial manager of a state agency apply them? Why would separating responsibilities be an efficient way?

Discuss the four elements of the tort of negligence : (A) State and briefly discuss the four elements of the tort of negligence.

Project management company called millennium : Simon, Michael and Don set up a project management company called Millennium Pty Ltd. Don is a solicitor and the constitution of Millennium

Article regarding sexual assault investigations : 1. How does the Baltimore article regarding sexual assault investigations highlight why crime statistics can be flawed?

Why did you select this product category : Why did you select this product category? What makes it a good fit?

User Account

All Pages