Topic:The financial environment in public sector organization Give a the theoretical background of the topic and then analyze

its practical application in an organization selected by you.

Name:Roll No.

Muhammad 508194950

Shabbir

 Financial plan is a series of steps which are carried out, or goals that are accomplished,
which relate to an individual's or a business's financial affairs. This often includes a budget which organizes specific goals for spending and saving future income Therefore, the primary objective of financial planning and management is to maximize benefits for any given set of resource inputs.
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 Five basic components of the Financial Management

Asset and Liability Management Control Planning and Analysis Reporting Transaction Processing

Cash management cycle

implies that all the business generated revenues are effectively controlled and utilized in the best possible manner to result in gains for the organization.

Basic Objectives Of Cash Management are

To ensure availability of cash as per payment schedule

And to minimize the amount of idle cash

Financial Analysis
Financial analysis (also referred to as financial statement analysis or accounting analysis) refers to an assessment of the viability, stability and profitability of a business.
These reports are usually presented to top management as one of their bases in making business decisions.
Continue or discontinue its main operation or part of its business; Make or purchase certain materials in the manufacture of its product; Acquire or rent/lease certain machineries and equipment in the production of its goods; Other decisions that allow management to make an informed selection on various alternatives in the conduct of its business.

 Forecasting
Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed.

The objective of forecasting is to provide a basis on which to measure differences between actual events and the plan that was adopted to achieve certain objectives. Forecasting methods Qualitative vs. Quantitative Methods Qualitative forecasting techniques are subjective, based on the opinion and judgment of consumers, experts; appropriate when past data is not available. It is usually applied to intermediate-long range decisions. Quantitative forecasting models are used to estimate future demands as a function of past data; appropriate when past data is available. It is usually applied to short-intermediate range decisions.

Cash mobilization
Cash mobilization fall into two areas.: Acceleration of receivables
Receivable are those funds that come into organization treasury. Cash flow can be expedited by collection systems that provide for advance billing and payment on or before receipts of goods and services.

Control of disbursements.
Disbursements are funds paid out to vendors and others who have provided services to the organization. The timing of disbursement is a important decision that has implications for the liquidity position of an organization.
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Managing Public Resources

A basic thought in financial management is that costs should be incurred only if by so doing; The community or organization can expect to move toward agreed upon goals and objectives. Determining whether the commitment of governmental resources improves conditions in the broader community can get complicated.

Many public choices are still open to political decision.

Case study:
The Capital Development Authority (CDA) came into existence on June 14, 1960, first by an executive order issued on June 24, 1960 entitled the Pakistan Capital Regulation. Major Objectives of CDA are:

City Maintenance. Citizens Satisfaction. Further expansion of city with the passage of time, To keep city and its environment clean. Acquire land and undertake works in "Specified Area". Planning and execution of development schemes. Procure plants machinery instruments and materials
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Function of Finance Directorate of CDA looks after overall allocation of financial resources, financial control on spending, preparation of budgets etc. for the authority. Deputy Financial Advisor is supervising the finance directorate and reporting directly to the Member Finance. Further there are three Deputy Directors,
one is responsible for costing matters, second is responsible for budget and works and the other is responsible for General and purchase.

 Revenue Directorate
Deals with the Recovery of Property Tax/ Water & Allied Charges,

Collection of Property Tax/ Water & Allied Charges.

To issue Annual Property Tax and Quarterly Water & Allied Charges Bill as per approved rates of Government all developed Sectors of Islamabad within municipal limit.
The following complaints are finalized on the spot at revenue Directorate without written application. Duplicate bill Parts/installments One term Surcharge Adjustment Bill History Other information about Billing
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 All other complaints are required to be submitted in writing along with a copy if NIC as well as necessary supporting documents. The general complaints are alphabetically listed as under: Adjustment of wrong debit Adjustment of wrong payment Adjustment of more than one surcharge Adjustment of unmeet payment account on conversion Adjustment of security Adjustment of meter cost Bill not issued/not received regularly Correction of bill & area Correction of property no. & Correction of address Confirmation of payment Commercial to domestic

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