Paper Summary:

This paper discusses a case study development that relates to differences in objectives related to private and public sector budgets and how these differences might be rectified. The paper makes observations that public sector and private sector entities operate under a completely different set of mandates but that the act of ensuring cost accountability is universal. The paper develops a series of alternatives that are meant to provide budgeting options to public and private sector entities. The paper recommends a solution that an activity based costing method should be utilized in both public and private sector entities to ensure full cost accountability. The paper also relates that a common budgeting method is considered important because of the increasing privatization trends in the public sector as well as the public sector mandate to ensure that its budgets accomplish what they are supposed to accomplish.

From the Paper:

"This document discusses a case study development that relates to differences in objectives related to private and public sector budgets and how these differences might be rectified. The observations are made that public sector and private sector entities operate under a completely different set of mandates but that the act of ensuring cost accountability is universal. A series of alternatives are developed that are meant to provide budgeting options to public and private sector entities. The recommended solution is that an activity based costing method should be utilized in both public and private sector entities to ensure full cost..."

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