Define revenue within the public sector

Reference no: EM133910

QUESTION 1

(a) The qualification of a major and a minor project is based on some criteria. Enumerate at least 5 such criteria

(b) For a Public Sector project/programme, list five key elements to Project Management and briefly explain each of them

(c) Due to the timescale required for the planning, design and completion of a major project or programme, capital budgets are essentially long term. What does this mean?

(d) Before a project is included in the capital programme it should be subject to a thorough financial and technical appraisal. Give at least 5 elements which should be included

QUESTION 2

(a) What is the purpose of a Mission Statement?

(b) What two phrases do Purpose Statements include?

(i) Vision Statement

(ii) Strategies

(iii) Stakeholders

(iv) Goals

(v) Objectives

QUESTION 3

(a) Within the Financial Management Manual, what should a Policy Framework (PF) note include?

(b) Explain what you understand for each of the above items which should be included in a Policy Framework (PF) note

QUESTION 4

(a) Define Revenue within the Public Sector

(b) What are the main sources of recurrent revenue in the Public Sector?

QUESTION 5

(a) An integrated financial model will normally contain 3 to 5 years of historical income statement and balance sheet information, with approximately the same line items as the available historical financial statements of the business to be analyzed

A good financial analyst has the discipline of adhering to a list of guiding principles to help ensure that the development of the financial model achieves the desired results. Explain the three steps that a financial analyst should follow to be able to build a financial model that is simple, accurate and most importantly consistent, to help build confidence?

(b) Financial Modeling Discipline can be acquired in all the three stages of the financial modeling process in the Public Sector which are-

• Specification Stage

• Design Stage

• Build Stage

Explain what you understand by each of the stages

Reference no: EM133910

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