help with unit 15

asha.sharma

could someone tell me the difference between


"how is the management of cash balance in public sector organisation different from private sector organisation?"

blobbyh

Please see previous threads relating to this same question:

http://forums.aat.org.uk/showthread.php?t=26613&highlight=unit+15+cash+management

asha.sharma

Thanks a lot

bozena

asha.sharma wrote: »

Thanks a lot

I was questioned about the same topic.
Public sector cannot invest surplus funds as there are government money , private can do it - briefly answer.

SandyHood

Public sector cannot invest surplus funds as there are government money , private can do it - briefly answer.

bozena
The general principle of having a responsibility to not put public funds at risk is correct, but the public sector bodies have a duty to the public to make well informed and very low risk investments of our money, and in that way save us paying more in tax etc.

bozena

SandyHood wrote: »

bozena
The general principle of having a responsibility to not put public funds at risk is correct, but the public sector bodies have a duty to the public to make well informed and very low risk investments of our money, and in that way save us paying more in tax etc.

It was brief answer without any deeply/extensive considerations. It was what examiner/assessor expects from students. The rest is in books.

By the way, may i ask you if factoring is short or long-term financing solution? I am confused... it seems that all depends on the the lenght of the contract.

And thank you for posting very interesting articles!