Theories And Concepts To Help Understand Budgeting And Finance Writing Homework Help

Discussion: Theories and Concepts to Help Understand Budgeting and Finance

The three traditional sectors of the United Stateseconomy—government, non-profit organizations (NPOs), and for-profitorganizations—are similar in terms of financial and fiscalresponsibilities. While financial functions (e.g., strategic financialplanning, accounting, etc.) largely are the same in these organizations,the public sector has unique characteristics that impact finance andbudget administration. For example, public organizations are accountableto citizens and, sometimes, to higher levels of government. Therefore,the budget process includes and involves these two sets of stakeholders.

In this Discussion, you consider how finance andbudgeting theories and concepts apply to a specific public organization.Review this week’s Learning Resources and focus on the fundamentalconcepts of finance and budgeting in public organizations.

With these thoughts in mind:

By Day 4

Post a brief description of agovernment or non-profit organization with which you are familiar withinyour state or nation. Then, explain how you might apply at least twobasic finance and/or budgeting concepts or theories to the organization.Be sure to provide brief descriptions of each concept or theory andspecific examples of how you might apply them.

Be sure to support your posting and responses with specific references to the Learning Resources using APA formatting.


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