Overview of Public Finance Paper Term Paper by KATHYKORN

Overview of Public Finance Paper
This paper examines the philosophy of public finance.
# 117622 | 770 words | 4 sources | APA | 2009 | US

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In this article, the writer notes that public finance is a part of economics and related to activities that are associated with the payment of cooperative and governmental activities. The writer also explains that the philosophy of public finance is based on raising funds for public purposes. The writer maintains that public finance may also be defined as a science because it deals with a definite and limited field of human knowledge. The writer then examines the philosophy of public administration, the comparison and contrast between governmental accounting and non-governmental accounting, and the relationship between budgeting and financial reporting in government.

Philosophy of Public Finance

From the Paper:

"The financial planning policies help in designing balanced budget and reports. Both budgeting and financial reporting are the important constituents of the accounting system in a public sector organization. Financial reporting refers to an effort related to assessment of financial performance of the government. Budgeting and financial reporting assists in decision making regarding the financial aspects of an organization, such as raising and expenditure of funds for handling the financial consequences. Both of them assist government in financial management for fulfilling the rules and regulations of public finance as well as the increasing requirements for services with limited resources of revenues.
"Budgeting and financial reporting, both are closely related because without having correct financial statements in the financial report, true budget cannot be prepared. "

Sample of Sources Used:

  • Gaffney, M. (2008). The Philosophy of Public Finance. Retrieved October 22, 2009, fromhttp://www.masongaffney.org/publications/G44Philosophy_of_Public_Finance.CV.pdf
  • Government Budgeting and Accounting (2008). Retrieved October 22 2009, fromhttp://www.adb.org/Documents/Books/Diagnostic_Study_Accounting_Auditing/PHI/chap_06.pdf
  • Justin, P. (2000). Business Environment. New York: Tata McGraw Hill Publishers Retreived October 17, 2009 from www.BE./ddsd234lijsdlkjsdf.lk.html.
  • Plehn, Carl. (1996). Introduction to Public Finances. Norwood Publication. Retrived October 22, 2009 from http://chestofbooks.com/finance/Carl-Copping-Plehn/Introduction-To-Public-Finance/index.html

Cite this Term Paper:

APA Format

Overview of Public Finance Paper (2009, December 13) Retrieved July 29, 2014, from http://www.academon.com/term-paper/overview-of-public-finance-paper-117622/

MLA Format

"Overview of Public Finance Paper" 13 December 2009. Web. 29 July. 2014. <http://www.academon.com/term-paper/overview-of-public-finance-paper-117622/>