Your government institution has been struggling for some time now to compile budgets that, in the end, were really effective in achieving the entity's strategic goals, planning and required outputs. Hearing that you are close to successfully completing a course in public financial management, the accounting officer instructs you to Compile a fairly brief document outlining some "golden rules" for effective budgets and adding notes to each rule on how to put this "theory" into practice. Finally, from your own experience or other sources, add brief examples of either the successful or the unsuccessful implementation of each rule.

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Golden rules for the effective budget is different from company to company It is also based on the s... View the full answer