unit 15 urgent help ---management of cash balance
carolyn
Registered Posts: 28 Regular contributor ⭐
Hi there.
I am struggling with Unit 15 - Operating a Cash Management and Credit Control System.
If anyone can help me to answer the following the question, I am using the Kaplan textbook, but I can not find the answer in the book.
"How is the management of cash balances in public sector organisations different from that of private sector organisations ?
All replies greatly appreciated.
many thanks,:001_tt2:
Carolyn
I am struggling with Unit 15 - Operating a Cash Management and Credit Control System.
If anyone can help me to answer the following the question, I am using the Kaplan textbook, but I can not find the answer in the book.
"How is the management of cash balances in public sector organisations different from that of private sector organisations ?
All replies greatly appreciated.
many thanks,:001_tt2:
Carolyn
0
Comments
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Hi there.
I am struggling with Unit 15 - Operating a Cash Management and Credit Control System.
If anyone can help me to answer the following the question, I am using the Kaplan textbook, but I can not find the answer in the book.
"How is the management of cash balances in public sector organisations different from that of private sector organisations ?
All replies greatly appreciated.
many thanks,:001_tt2:
Carolyn
You need to look at how they are regulated controld and funding0 -
I think its somewhere along the lines that the use of cash in the public sector must be for a "specific" use and cannot be used for anything else, eg roadworks.
Wheras this does not apply in the Private Sector.0 -
I cant find my notes to give you the definition given us by our tutor - but it was along the lines of- In the Private Sector, Management of surplus cash is controlled by the Finance Director/Director whilst in the Public Sector there are statutory Regulations to be adhered to which will dictate the types of investment they are able to make. Hope that makes sense.0
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You can choose not to read the detail, but I'd recommend it
This posting looks at this issue and forms the final posting I made on the thread.
It is a topical area, a lot of students will be scared away at the prospect of a lot of reading but the Icelandic banking crisis is a super way to illustrate the issues.
I recommend reading it.
Treasury 5th Report Banking Crisis: The impact of the failure of the Icelandic banksSandy
sandy@sandyhood.com
www.sandyhood.com0
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