Nobody downloaded yet

The Concept of Budgeting as Political Choice - Admission/Application Essay Example

Comments (0) Cite this document
Summary
The article takes a deeper look at the concept of budgeting as a political choice. It is evidently clear from the discussion that there is the formation of the budget in politicians surrounding and hence there is a significant tension due to public accountability and public acceptability…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
The Concept of Budgeting as Political Choice
Read TextPreview

Extract of sample "The Concept of Budgeting as Political Choice"

Download file to see previous pages The paper tells that in relation to public budgeting, the accountability of the various parties especially accountants involves the analysis of the amount that is in the budget to the actual expenses in anticipation. Public acceptability is the tendency by people to accept or refuse certain proposals made by other parties. The proposal may include public budgets, which directly affect the people. Public budgets affect the various people in the society thus most people do not accept these budgets because they lack the know-how on the preparation of the budget. For a public budget to get public acceptability, it is crucial for the people preparing the budget to have a dialogue with the people so as to achieve a relationship with them which is productive. In relation to the spy satellite which was a satellite made by the United Launch Alliance, there was the malfunctioning of the satellite just after deployment thus leading to its destruction through a mutual agreement between various stakeholders including the United States government. There were a lot of damages from the destruction of the device ranging from the hydrazine material which was hazardous as well as the presence of beryllium. The satellite also leads to a nuclear exposure threat due to its power core. As a result of the destruction of the device, the public fails to accept that there was no nuclear power core and that there is the clearing of the damages that the satellite led to. Most nations including China and Russia consider the satellite failure as a space race. They never accept that it was a mere technical itch that led to the failure of the satellite. There is public accountability, first by the USA government where it admits that there was some actual damage due to the failure of the satellite. There is no acceptability by the US following allegations that the destruction of the satellite was to ensure that the technology in use does not fall prey to other foreign nations, who have interests in the same satellite. In reference to the spy satellite, there was tension because; on one hand, there is a determination by the US government to destroy the satellite due to public acceptability and public accountability. There is a Herculean tension leading to interference in the public budget because of the destruction of the satellite. This is because there was a requirement of forty million dollars to oversee the destruction of the satellite in space. The amount was not in the public budget; thus there was the foregoing of other activities to ensure that there were enough resources for the destruction of the satellite. Considering a situation where there is the preparation of the public budget for a country, the budget undergoes preparation by the ministry of finance and then undergoes debate by politicians, who happens to be lawmakers of the country before there is the publication of the final budget for the public to read. In this case, the politicians will allow the budget to pass if it favors their needs rather than the needs of the public. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Concept of Budgeting as Political Choice Admission/Application Essay”, n.d.)
The Concept of Budgeting as Political Choice Admission/Application Essay. Retrieved from https://studentshare.org/politics/1450606-the-concept-of-budgeting-as-political-choice
(The Concept of Budgeting As Political Choice Admission/Application Essay)
The Concept of Budgeting As Political Choice Admission/Application Essay. https://studentshare.org/politics/1450606-the-concept-of-budgeting-as-political-choice.
“The Concept of Budgeting As Political Choice Admission/Application Essay”, n.d. https://studentshare.org/politics/1450606-the-concept-of-budgeting-as-political-choice.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Concept of Budgeting as Political Choice

BUDGETING

...and comes in the boundary of business’s finances. In capital budgeting, the speed of evaluation process gets geared up as by using this method; those proposals are top ranked which include no real choice for example replacing a leaking sewer line with an updated one, as this one will remove any safety hazard and code violation. So, in this way capital expenditure are ranked according to their profitability and feasibility to the business, helping in evaluating multiple investment proposals at a faster speed. Several budgeting models have now been used by many businesses which literally help evaluating investment proposals like net present value, payback, accounting rate of return and...
3 Pages(750 words)Coursework

Budgeting

...?Budgeting is basically a plan that shows the expenses which are likely to be incurred by a business and the means by which they can be financed. A budget is usually made for one year, unless the management specifically requires a budget of a shorter period. A budget is always prepared on the basis of money for a future period of time. A budget is made for a full year - divided into months. Budgets are made for a specific amount of activity. For instance, if the limiting factor is capacity then the budget will be made based on this factor; likewise, if the factor of limitation is the demand in the market, the...
4 Pages(1000 words)Essay

Budgeting

...to be a challenging effort, there is however no impossible if every one has the same mind set and would be willing to cooperate for the benefit of everyone especially while the state is in the midst of restoring the US economy back to its normal setting. References Clear, T. R., Cole, G. F., & Reisig, M. D. (2012). American Corrections (10th ed.). Belmont, CA: Cengage Learning. Jennings, D. (2011). Texas prison system budget cuts stir up concerns. Retrieved from http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110418-texas-prison-system-budget-cuts-stir-up-concerns.ece Justice Policy Institute. (2013). Fiscal Policy. Retrieved from...
3 Pages(750 words)Essay

Budgeting

...to arrange, assess them in detail and to decide on the greatest alternative methods. It also supports managers to predict troubles before they happen, therefore it provide them time to think alternative methods of overcoming the troubles when it happen. It also assists to arrange for unexpected conditions. Budgeting by planning tends creates better result than a choice made at that moment. - To Communicate Ideas and Plans: In the budgeting procedures, managers in all departments justify the resources they require to get their goals. They justify to their managers the scope and capacity of their activities in addition to how their responsibilities will be performed. “A financial plan, or...
3 Pages(750 words)Essay

Budgeting

...budgeting procedure, applying the concept of ‘Beyond Budgeting’. A Brief Overview of Budgeting Budgeting is regarded as a process of making a financial plan, wherein efforts are made by the accountants or the business owners to meet the strategic goals of the organization facing minimum or no hindrances in terms of financial resource scarcity or misuse of financial resources. It is often viewed to be a universal tool, which is capable enough of making deliberate efforts towards improving various significant aspects such as marketing efficiency, business productivity and operational accountability among others (Finkler, 2008). In precise,...
10 Pages(2500 words)Essay

The Concept Of Political Correctness

...After much struggle and various trials and errors, our society has made a conscious effort to end racial bigotry in all its forms. This has given rise to the concept of political correctness. We no longer accept racial or bigoted slurs in our conversations, nor do we support them. However, be that as it may, we live in a society where racism and bigotry are unacceptable, though stereotypes are tolerated and even promoted, even though they perpetuate certain notions about certain groups of people in our minds, thus being passively bigoted. We have only to look at television programming and content to realize how stereotyping is perpetuated and accepted. In most television shows, the man portrayed as gay usually always has a lisp... much...
1 Pages(250 words)Essay

The concept of parental choice

...Parental Choice Getting good education has become one of the vital factors in a child’s development. With the increasing competition for success, private schools have become more and more expensive. Expensive schools give attractive salaries and attractive opportunities which are one of the biggest challenges the public schools will face to retain its best teachers. This will have a major impact on the public schools which will lose its best teachers. These expensive schools will also force the public school to raise its standards which pressurizes the government to increase tax from people to increase its standards. In such situations, Parents should first find out what they are looking for in a school. Factors such as...
1 Pages(250 words)Essay

Concept political culture

... Teacher: The Concept of Political Culture Summary Political culture can be described as the mode of governance that has served a region or country over a long period. It forms the rules and regulations that govern and control the political structure and environment in a country, which is influenced by a country or regions culture. Political culture is developed from cultural backgrounds that influence behaviors and activities in a country/region (Prevost & Vanden, 232). It can be concluded that political culture is the prime orchestrator of any element of politics in a region/country. History The element of politics in Latin America has evolved over the last decade, which is conceived from the pre-Colombian hierarchical... and the...
5 Pages(1250 words)Essay

The Concept of Choice Architecture

...Written Assignment Critically evaluate the concept of choice architecture and the ‘Save More Tomorrow’ schemes adopted in the US and the UK. Thaler and Sunstein (2009) define a ‘choice architect’ as an individual who has the responsibility of shaping the context in which decision making takes place. The main idea behind choice architecture is that decision making occurs in a dynamic environment which is shaped by various elements that influence decisions (Thaler, Sunstein & Balz, 2010). A choice architect creates the context or the environment in which decisions are taken. Under this definition, a person who designs a particular contribution plan for...
7 Pages(1750 words)Essay

Political Concept of Property

...Political Concept of Property Property is defined as an owned possession. Property could include virtually anything whose rights have been claimed by a particular owner. It could be a car, a piece of land, livestock, or any other possession belonging to a specific individual. It can be understood from one of the various legal, economic and social perspectives. A property’s ownership, for example, is a legal concept which involves the rights and obligations of the owner who claims possession of the property. Income and taxation are economic concepts associated with a property. Property in the form of real estate or livestock could earn income for a person. At the same...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Admission/Application Essay on topic The Concept of Budgeting as Political Choice for FREE!

Contact Us