what is financial Management reporting
define public finance management
The role of players in public financial management to provide a sound financial management. They are expected to pull together and work as a team for the common good of the organization in question.
public limited companys
1 - Cost Accountant2 - Financial Accountant3 - Management Accountant4 - Charatered Accountant5 - Public Accountant6 - Book keeper
Finance is the life blood of very business. As personnel and materials which are necessary for the functioning of any office, industry, enterprise can be made available through money. Hence, finance plays an important role in the business. Socio-economic forces unleashed by industrial revolution have given a new meaning and dynamic content to financial administration According to L. D. White "Fiscal Management includes those operations designed to make funds available to officials and to ensure their lawful and efficient use."According to Jaze Gaston "Financial Administration is that part of government organization which deals with the collection, preservation and distribution of public funds, with the coordination of public revenue andexpenditure, with the management of credit operations on behalf of the State and with the general control of the financial affairs of public household".
define public finance management
Define management and contrast the nature of management in (i) service and production industries; (ii) private and public sector organization.
The role of players in public financial management to provide a sound financial management. They are expected to pull together and work as a team for the common good of the organization in question.
Parliament and the Department of State Expenditure both play a role in public financial management in South Africa. Voting citizens also affect who controls financial management.
public limited companys
Budgeting
Public enterprise means the ownership and operation of industrial , financial, and commercial undertaking.
Main source of Finance may include anything like Debentures, Bank Loans, Equity Shares, Preference Shares, Public Deposits,Accommodation Bills.........Finance in this case would be money (in any way shape or form) So financial Management is referring to the management of money, including but not limited to cash, checks, assets, property, and stocks holdings.
PFMA stands for Public Finance Management Act. It is a piece of legislation that was passed by the first democratic government in South America. The key objectives of the Act include modernization of the financial management system in the public sector.
Bernard Jones has written: 'Public Sector Financial Management'
The certified public accountant (CPA) prepares--compiles--financial statements based on information supplied by the company's management.
The management of money, materials, and resources of a government is known as public financial management (PFM). It involves planning, directing, monitoring, and controlling government finances to ensure efficient allocation and use of resources. This includes budgeting, revenue generation, expenditure management, and financial reporting to achieve economic stability and public welfare. Effective PFM promotes transparency, accountability, and sustainability in the use of public resources.