MBA606: Principles of Financial Management

Running Head: Financial Management
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Financial Management Practices or Systems in Public Sector

Financial Management
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Contents
Introduction:.....................................................................................................................3
Research question:............................................................................................................3
Literature review:..............................................................................................................4
Data collection and methodology:....................................................................................7
Time scale:........................................................................................................................7
Conclusion:.......................................................................................................................9
References.......................................................................................................................10

Financial Management
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Introduction:
in the public sector, the practices of the financial management plays a crucial role as
there are various factors which impacts on the performance and the position of the public
companies. The financial practices involve various kinds of policies, guidelines and the rules
which are followed by the businesses to present and report their financial transaction in the
financial statement. The changes in these practices, guidelines and rules could affect the
financial performance of the business. The financial management practices in the public
sector makes the positive changes in the public institutions, government and stakeholders of
the business to make better conclusion about the position of the business. The financial
practices are the independent variable which is not affected by the other factors, but few
changes into the policy could affect the public sector performance. It has been found through
the study that recording the financial transaction and presenting them in the financial
statement is one of the important and mandatory processes for all the public sector companies
in order to represent the financial performance and policies to the stakeholders of the
business. The research paper mainly focuses on the impact of financial practices on the
financial statement of the business.
Research question:
Research question entitles about the main research topic which would be studied in
the report. The main research questions are as follows:
what is the meaning of the financial practices
what are the dependent and independent variable in the financial practices and
the performance of the public sector
How the financial practices impact over the financial performance of the public
sector?
What is the impact over the public sector due to the financial performance of the
business?