Theories and Concepts to Help Understand Budgeting and Finance, writing homework help
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The three traditional sectors of the United States
economy—government, non-profit organizations (NPOs), and for-profit
organizations—are similar in terms of financial and fiscal
responsibilities. While financial functions (e.g., strategic financial
planning, accounting, etc.) largely are the same in these organizations,
the public sector has unique characteristics that impact finance and
budget administration. For example, public organizations are accountable
to citizens and, sometimes, to higher levels of government. Therefore,
the budget process includes and involves these two sets of stakeholders.
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