Financial Management In The Home Office
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Financial Management In The Home Office
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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2012-04-26
Financial Management In The Home Office written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-26 with Political Science categories.
The Home Office has made good progress in improving its financial management since 2009 when the National Audit Office last evaluated its financial capability. However, while financial control is good, the Home Office could do more to integrate its financial and operational planning and thereby understand better the link between resources and performance. In addition, many of the strengths which the Department demonstrates in its core business are much less apparent in its 'change programmes'. The Department is starting to benefit from its new governance structures but there still challenges. The Department has clear plans to reduce costs in its core activities but business areas have not fully considered efficiency and effectiveness when evaluating where cuts should be made. The Department will need to achieve further savings of £1.1 billion a year by 2014-15 but a third of this sum remains uncertain. Reductions in funding from the Home Office mean that police forces must make savings worth around £1.5 billion by 2014-15 through efficiency improvements; but, in 2011, around two-thirds of forces had shortfalls in their cost reduction plans, amounting to £500 million in total. The Department will shortly be in a position to confirm how far this savings gap has been covered in the plans. There are risks to the successful delivery of the Department's change programmes, specifically in respect of the development of the National Crime Agency (NCA) and Disclosure and Barring Service (DBS) and the phasing out of the National Policing Improvement Agency (NPIA)
Financial Management In The Home Office
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Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
language : en
Publisher: Stationery Office
Release Date : 2009-10-27
Financial Management In The Home Office written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and has been published by Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-27 with Political Science categories.
The Home Office (the Department) has made significant improvements to its financial management capacity, capability, processes and procedures over the past three years. Its policy responsibilities have been rationalised and it responded well to a weak Capability Review assessment in 2006. The Department has strengthened its financial management by recruiting capable professionally qualified accounting staff and deploying them in key finance roles throughout its business units. Over 70 per cent of the Department's gross budget of £11.8 billion is paid out as grants to partner organisations, notably police authorities. The department has responsibility for paying these grants but accountability for performance and value for money rests with local police authorities. To strengthen accountability, the Department is expanding HM Inspectorate of Constabulary's role and moving to a single national target to increase public confidence in the police. This is a bold step and only time will tell if it results in greater accountability. To drive financial skills into its core business, the Department must go beyond its commitment to press on with its programme of continuous improvement and to refresh its financial improvement strategy. Only by putting in place sound financial management in all business units and raising the level of financial awareness of its staff can the Department truly embed the skills it needs to manage its business well and respond effectively to changes in its business environment.
Home Office Financial Management Code Of Practice For The Police Forces Of England And Wales
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Author : Great Britain: Home Office
language : en
Publisher: The Stationery Office
Release Date : 2013-10-22
Home Office Financial Management Code Of Practice For The Police Forces Of England And Wales written by Great Britain: Home Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-22 with Business & Economics categories.
This Financial Management Code of Practice (FMCP) provides clarity around the financial governance arrangements within the police service in England and Wales, and reflects the fact that the police service has a key statutory duty to secure value for money in the use of public funds. It provides high level guidance to help ensure effective and constructive relationships in all financial matters. The FMCP sets the tone while promoting flexibility and avoiding overt prescription so that the detail of arrangements can be worked out locally. The Code applies to the discharge of functions by all Police and Crime Commissioners in England and Wales and to every Chief Constable of a police force maintained by a PCC (including, unless specifically stated, the Commissioner of the Metropolitan Police, but excluding the Commissioner of the City of London Police). Sections cover: background; context; roles and responsibilities; schemes of consent; financial regulations and standing orders on contracts; accounting; strategic and financial planning; financial management; treasury management; corporate governance; value for money; transparency, collaboration and partnerships. Effective from 1 November 2013 when it replaces the previous edition (2012, ISBN 9780108511332).
Progress In Improving Financial Management In Government
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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2011-03-03
Progress In Improving Financial Management In Government written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-03 with Political Science categories.
Despite good progress in improving the professional capability and capacity of government finance departments since the National Audit Office last reported in 2008, good financial management is still not embedded in the civil service culture, and financial matters do not have sufficient influence over departments' strategic decision making. The NAO concludes that departments have achieved a core level of competence in financial management, but further improvement in financial management capacity and capability throughout their organisations is required to enable them to meet the challenge of delivering the savings set out in the Spending Review 2010. There has been important progress - all departments now have a professionally qualified Finance Director, supported by an increased number of qualified finance staff. The Treasury is also implementing accounting changes to bring greater transparency to government financial reporting. Whitehall's central finance functions competently capture and report the transactions and financial position of the departments. Annual accounts are delivered before the July Parliamentary recess. The number of overall overspends against the amounts approved by Parliament is low. However, departments are generally weak at monitoring their balance sheets and at forecasting cash flow in the medium term. Departments do not fully understand the costs of their activities, and it is rare for them to have good information on the unit costs of outputs, levels of productivity or the value of outcomes. Departments generally focus on monitoring against the agreed one-year budget, with a few looking as far ahead as the current spending review period of four years.
Cost Accounting And Financial Management For Construction Project Managers
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Author : Len Holm
language : en
Publisher: Routledge
Release Date : 2018-09-03
Cost Accounting And Financial Management For Construction Project Managers written by Len Holm and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-03 with Architecture categories.
Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's unique practical approach focuses on the activities of the construction management team, including the project manager, superintendent, project engineer, and jobsite cost engineers and cost accountants. In short, this book provides a seamless connection between cost accounting and construction project management from the construction management practitioner’s perspective. Following a complete accounting cycle, from the original estimate through cost controls to financial close-out, the book makes use of one commercial construction project case study throughout. It covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. But unlike other texts, this book also covers additional financial responsibilities such as cost estimates, change orders, and project close-out. Also included are more advanced accounting and financial topics such as supply chain management, activity-based accounting, lean construction techniques, taxes, and the developer’s pro forma. Each chapter contains review questions and applied exercises and the book is supplemented with an eResource with instructor manual, estimates and schedules, further cases and figures from the book. This textbook is ideal for use in all cost accounting and financial management classes on both undergraduate and graduate level construction management or construction engineering programs.
Financial Management Initiative
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Author : Great Britain. Financial Management Unit
language : en
Publisher:
Release Date : 1984
Financial Management Initiative written by Great Britain. Financial Management Unit and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Corporations, Government categories.
Financial Administration
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Author : United States. Army Materiel Command
language : en
Publisher:
Release Date : 1969
Financial Administration written by United States. Army Materiel Command and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with categories.
Financial Management In Government
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Author : Great Britain: National Audit Office
language : en
Publisher: Stationery Office
Release Date : 2013-06-13
Financial Management In Government written by Great Britain: National Audit Office and has been published by Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-13 with Political Science categories.
The Government's fiscal consolidation programme is now expected to last longer than originally planned, and wide-ranging service reforms are being implemented. The role of financial managers is therefore critical to ensuring that opportunities to improve value for money are realized. The Finance Transformation Programme has been set up to develop the skills and capabilities of finance professionals, and qualified professionals are better represented at senior levels. However, given the importance and urgency of the challenges presented by fiscal consolidation and public service reform, further improvements will be needed to support sustainable public service delivery with fewer resources in the longer term. Government is a long way from ensuring that decision-making is routinely based on robust information. Departments often do not integrate financial management with their strategic and operational planning. Departments and other public bodies have generally managed within reduced spending limits up to now, but some of the savings they have made are more sustainable than others. In order to respond to financial and demand challenges, government needs to go further than controlling spending, by redesigning public services so that they operate permanently at lower cost. The NAO recommends that the Treasury ensure a more effective leadership to better enable and incentivise the finance profession to confront the challenges it faces. The Government's Finance Leadership Group should take responsibility for diagnosing the key current financial management challenges facing the finance profession and the wider civil service, and for addressing them quickly
Financial Management In The Foreign And Commonwealth Office
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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2009-06-03
Financial Management In The Foreign And Commonwealth Office written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-03 with Business & Economics categories.
The Foreign and Commonwealth Office (FCO) has made good progress in its financial management, aiming to establish itself as one of the best departments in Whitehall in this respect. It has shown strong leadership in raising the profile of good financial management across the Department. Up to 2007-08, however, the FCO has underspent consistently against its budget. The Department has introduced a financial management improvement programme "Five Star Finance", the aim of which is for the department to be a Whitehall leader in financial management. It currently rates itself at three and a half stars on a 1(low) to 5 (high) scale, a rating confirmed by NAO. The FCO operates in a challenging environment in terms of the global nature of its operations. The fluctuations of global currency markets pose particular difficulties for the Department. Until 2007-08, its budgets were protected by the Treasury from exchange rate fluctuations. When this protection was withdrawn, the FCO introduced alternative measures to manage its exposure, principally the forward purchase of major foreign currencies. It needs to ensure that its finance team has the right skills and experience to manage the financial risks it now faces. The FCO is taking action to avoid future underspends against its budget. In other respects, FCO's financial management has improved. The accuracy, reliability and timeliness of its financial reporting have all been enhanced. In 2007-08 it laid its accounts on 30 June, the earliest date it has ever achieved after the March year-end.
Healthcare Financial Management
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Author :
language : en
Publisher:
Release Date : 2009
Healthcare Financial Management written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Hospitals categories.
Some issues accompanied by supplements.