TOPIC: MANAGEMENT ACCOUNTING IN PUBLIC SECTOR Explain the rational for the administrative changes in budget examination and...

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Accounting

TOPIC: MANAGEMENT ACCOUNTING IN PUBLIC SECTOR
Explain the rational for the administrative changes inbudget examination and review from yearly basis to once in everytwo years basis

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Budget iplanning iand ipreparation iare ior ishould ibe iat ithe iheart iof igood ipublic iexpenditure imanagement efficient idelivery iof ipublic iservices iproductive iefficiency iand minimization iof ithe ifinancial icosts iof ibudgetary imanagement iie iefficient ibudget iexecution iand icash iand idebt imanagement ipractices Budget ipreparation iis ithe iprincipal imechanism ifor iachieving iitems i1 iand i2 iitem i3 itypically ifeatures ias ian ielement iof ibudget ipreparation ionly iin iindustrial icountries iwhile iitem i4 iis iessentially ian iissue iin ibudget iexecution iand icash imanagement isee iSections i4 iand i5 iMoreover ino isystem iof ibudget iexecution ior icash iplanning ithe isubjects iof iSections i4 iand i5 ican ido imore ithan imitigate ithe iproblems icaused iby ipoor iquality ior iunrealistic ibudget ipreparation Budget ipreparation iis ia iprocess iwith idesignated iorganizations iand iindividuals ihaving idefined iresponsibilities ithat imust ibe icarried iout iwithin ia igiven itimetable isee iFigure i1 iin iSection i1 ifor ia itypical itime iline iThis iprocess iis See Answer

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