Mikesell Study guides, Class notes & Summaries

Wk 1 Public vs. Business Budget Strategies P Public and private business budgeting CJA/365 Public and business budgeting Budgeting is the most essential part of financial management.Strategic budgeting can be defined as the process of creating a long-range budget which spans a period of over one year. The purpose of this type of budget is developing a plan which supports a long-range vision for future position of an organization (Mikesell, 2018). This assignment will describe the process ...

Wk 2 Budget Issues P Budget issues CJA/365 Budget issues Every business, agency or company is run by a specific budget that is tailored to its own business or organization needs. A budget forms the heart of any business or company such that without it, not operations can be performed. It provides a framework of the amount of money to be provided in a fiscal year and how and when the money will be disbursed (Mikesell, 2018). Developing an efficient and effective budget requires time, deter...

Basic Definitions. Kalder-Hicks Optimality. Tiebout Competition. Markets. Market Failure. Public Goods. Non-Rivalry & Non-Excludability. Externalities. Incomplete Market with Imperfect Information. Investment Decisions (IRR, NPV, BCR). Payback Period. Relationships between NPV, BCR, IRR, & Discount Rate). Time Value of Money. Compounding vs. Discounting. Future & Present Values. Annuities and Single Cash Flows. Relationships between Interest Rates and Future & Present Values. Equivalent Annual R...

20 Multiple Choice. Topics: Market Failure Benefit-Cost Analysis --> Present and Future Values, Annuities & Single Cash Flow. Net Profit Value, Benefit-Cost Ratio, Interest Return Rate, Payback Values Compounding Periodicity

Market Segmentation Theory. Benefit-Cost Ratio. Economic Efficiency. Sensitivity Analysis. Capital Budgeting.

Simple Forecasts. Annual Growth Rates. Preparation of Agency Budget Requests. Budget Instructions. Budget Proposal. Elements of Cost Estimation. Classification Structures. Personnel Costs. Non-Personnel Costs. The Executive Budget. Fiscal Sustainability. Budget Reductions. Appropriation. Feedback Controls. Internal Controls. Cash Budgets.

Interest Rate. Discounting vs. Compounding. Opportunity Cost. Simple vs. Compound Interests. Risk-Free Rate. Equivalent Annual Return (EAR). Determinants of Interest Rates for Individual Securities. Future Values. Present Values

Fiscal Administration. Public vs. Business Finance. Fiscal Sustainability. Golden Rule of Finance. Balancing Spending and Revenue. Dillon's Rule. Market Structure. Role of Regulation. Role of Intermediates. Voluntary Exchange. Market Efficiency. Laws of Price Formation. Market Failure. Incomplete Markets and Imperfect Information. Economic Stabilization. Redistribution. Privatization.

Executive Preparation. Executive Budget. Top-Down Approach. Types of Budgets. Zero-Based Budgeting. Legislative Consideration. Appropriation Acts. Committees.

What is Economics? Micro vs. Macro Economics. The Market. Demand & Supply Curve. Types of Market. Perfect Competition. Discriminating Monopolist. Ordinary Monopolist. Policy Controls. Pareto Efficiency. Pareto Improvement.