Explain the importance of evaluating governmental financial performance.
Note: Cite the sources
The response addresses the queries posted in 501 words with references.
//Before writing about the importance of evaluating Governmental financial performance, we will discuss about the meaning and importance of the 'financial performance'. The evaluation techniques of financial performance of a Company assist in understanding the net profits. Similarly, the evaluation of the Governmental financial performance assists in understanding the budgetary operations of the Government.//
Financial Performance: - Financial performance is related to a company's ability to develop new resources over a period of time from day to day operations. A company's performance depends upon its net income or profit and cash from operations. Higher the income better will be the performance of a company. It provides a payment system for the exchange of goods and services and represents the ...
The response addresses the queries posted in 501 words with reference