Fco Performance And Finances

Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
Publisher : The Stationery Office
ISBN 13 : 9780215556370
Total Pages : 128 pages
Book Rating : 4.72/5 ( download)

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Download or read book FCO performance and finances written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and published by The Stationery Office. This book was released on 2011-02-11 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report focusses on the FCO's financial situation and the implications of the Spending Review 2010 for its work and performance, and that of its associated body, the British Council. The FCO is one of the major departmental 'losers' in the Spending Review. Reductions in spending on the FCO, if they result in shortfalls in skilled personnel and technical support in key countries and regions, can have a serious effect in terms of the UK's relations with foreign countries, out of all proportion to the amounts of money involved, especially in relation to the UK's security and that of its Overseas Territories. Cuts to the core FCO budget of even 10% may have a damaging effect on the Department's ability to promote UK interests overseas. The FCO will also face cuts of 55% to its capital budget. The target of raising £50 million per year through selling existing buildings may be difficult to achieve, and may not secure savings in the long-term. A further reduction in the opportunities for more junior UK-based staff to serve in overseas posts, and a consequent diminishing of experience and morale among FCO employees, could over time have a damaging effect on the quality of British diplomacy and the effectiveness of the FCO. The British Council, facing a 25% cut in spending, should give detailed information on its strategy for implementing the cut, which may well trigger fundamental rethinking of the role and work of the Council.

Author : Daniela Venanzi
Publisher : Springer Science & Business Media
ISBN 13 : 884702451X
Total Pages : 81 pages
Book Rating : 4.19/5 ( download)

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Download or read book Financial Performance Measures and Value Creation: the State of the Art written by Daniela Venanzi and published by Springer Science & Business Media. This book was released on 2011-12-01 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The choice of financial performance measures is one of the most critical challenges facing organizations. The accounting-based measures of financial performance have been viewed as inadequate, as firms began focusing on shareholder value as the primary long-term objective of the organization. Hence, value-based metrics were devised that explicitly incorporate the cost of capital into performance calculations. Despite the increasing emphasis on these value-based measures, no definitive evidence exists of which metric works better than others, and on the extent to which any of them is superior to traditional accounting measures. In this scenario, the objective of this book is contributing to the ongoing dialogue on the appropriateness of different financial performance measures, by providing a systematic and updated review of the major value-based measures, by highlighting their respective strengths and weaknesses and by comparing the main international empirical evidence on their effectiveness. This book can be a powerful tool for guiding managers and graduate students in the “tangled forest” of the existing metrics, by providing them with the quick, but adequate knowledge for consistently adopting them.

Author : National Performance Review (U.S.)
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.01/5 ( download)

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Download or read book Improving Financial Management written by National Performance Review (U.S.) and published by . This book was released on 1993 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Great Britain. Parliament. House of Commons. Foreign Affairs Committee
Publisher : The Stationery Office
ISBN 13 : 0215081722
Total Pages : 44 pages
Book Rating : 4.28/5 ( download)

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Download or read book HC 605 - The FCO's Performance and Finances in 2013-14 written by Great Britain. Parliament. House of Commons. Foreign Affairs Committee and published by The Stationery Office. This book was released on 2015 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cuts imposed on the FCO since 2010 have been severe and have gone beyond just trimming fat: capacity now appears to be being damaged. If further cuts are imposed, the UK's diplomatic imprint and influence would probably reduce, and the Government would need to roll back some of its foreign policy objectives. The FCO's budget is a tiny element of Government expenditure, but the FCO makes disproportionate contribution to policy making at the highest level, including decisions on whether to commit to military action. The next Government needs to protect future FCO budgets under the next Spending Review.

Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
Publisher : The Stationery Office
ISBN 13 : 9780215056849
Total Pages : 114 pages
Book Rating : 4.41/5 ( download)

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Download or read book FCO Performance and Finances 2011-12 written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and published by The Stationery Office. This book was released on 2013-04-19 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Foreign Affairs Committee publishes a wide-ranging report on the work of the Foreign and Commonwealth Office (FCO) and two of its sponsored bodies, the BBC World Service and the British Council. It makes key recommendations on language skills for top diplomats, BBC World service funding and priorities, and funding for the British Council. For the FCO, the exclusion of foreign language skills and reliance purely on general management competencies creates the risk of credibility in respect of key diplomatic postings. The Committee finds it unacceptable that the World Service will not know its budget, priorities or objectives before the transition to licence fee funding and the new arrangements for oversight by the BBC Trust from April 2014. The British Council will struggle to deliver the UK's foreign policy objectives if cuts to grant funding from the FCO continue at a similar rate. The Committee recommends that the FCO should shield the British Council from the effect of any further cuts to the FCO budget in 2015-16.

Author : Jack Alexander
Publisher : John Wiley & Sons
ISBN 13 : 1119491487
Total Pages : 647 pages
Book Rating : 4.84/5 ( download)

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Download or read book Financial Planning & Analysis and Performance Management written by Jack Alexander and published by John Wiley & Sons. This book was released on 2018-06-13 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: Critical insights for savvy financial analysts Financial Planning & Analysis and Performance Management is the essential desk reference for CFOs, FP&A professionals, investment banking professionals, and equity research analysts. With thought-provoking discussion and refreshing perspective, this book provides insightful reference for critical areas that directly impact an organization’s effectiveness. From budgeting and forecasting, analysis, and performance management, to financial communication, metrics, and benchmarking, these insights delve into the cornerstones of business and value drivers. Dashboards, graphs, and other visual aids illustrate complex concepts and provide reference at a glance, while the author’s experience as a CFO, educator, and general manager leads to comprehensive and practical analytical techniques for real world application. Financial analysts are under constant pressure to perform at higher and higher levels within the realm of this consistently challenging function. Though areas ripe for improvement abound, true resources are scarce—until now. This book provides real-world guidance for analysts ready to: Assess performance of FP&A function and develop improvement program Improve planning and forecasting with new and provocative thinking Step up your game with leading edge analytical tools and practical solutions Plan, analyze and improve critical business and value drivers Build analytical capability and effective presentation of financial information Effectively evaluate capital investments in uncertain times The most effective analysts are those who are constantly striving for improvement, always seeking new solutions, and forever in pursuit of enlightening resources with real, useful information. Packed with examples, practical solutions, models, and novel approaches, Financial Planning & Analysis and Performance Management is an invaluable addition to the analyst’s professional library. Access to a website with many of the tools introduced are included with the purchase of the book.

Author : Great Britain. Parliament. House of Commons. Foreign Affairs Committee
Publisher :
ISBN 13 : 9780215070494
Total Pages : 6 pages
Book Rating : 4.96/5 ( download)

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Download or read book FCO Performance and Finances 2012-13 written by Great Britain. Parliament. House of Commons. Foreign Affairs Committee and published by . This book was released on 2014-03-28 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: BBC response to HC 696, session 2013-14 (ISBN 9780215066053). The Government response published as Cm. 8797 (ISBN 9780101882422)

Author : Great Britain: National Audit Office
Publisher : The Stationery Office
ISBN 13 : 9780102955019
Total Pages : 36 pages
Book Rating : 4.18/5 ( download)

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Download or read book Financial management in the Foreign and Commonwealth Office written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2009-06-03 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Foreign and Commonwealth Office (FCO) has made good progress in its financial management, aiming to establish itself as one of the best departments in Whitehall in this respect. It has shown strong leadership in raising the profile of good financial management across the Department. Up to 2007-08, however, the FCO has underspent consistently against its budget. The Department has introduced a financial management improvement programme "Five Star Finance", the aim of which is for the department to be a Whitehall leader in financial management. It currently rates itself at three and a half stars on a 1(low) to 5 (high) scale, a rating confirmed by NAO. The FCO operates in a challenging environment in terms of the global nature of its operations. The fluctuations of global currency markets pose particular difficulties for the Department. Until 2007-08, its budgets were protected by the Treasury from exchange rate fluctuations. When this protection was withdrawn, the FCO introduced alternative measures to manage its exposure, principally the forward purchase of major foreign currencies. It needs to ensure that its finance team has the right skills and experience to manage the financial risks it now faces. The FCO is taking action to avoid future underspends against its budget. In other respects, FCO's financial management has improved. The accuracy, reliability and timeliness of its financial reporting have all been enhanced. In 2007-08 it laid its accounts on 30 June, the earliest date it has ever achieved after the March year-end.

Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
Publisher : Stationery Office
ISBN 13 : 9780215066053
Total Pages : 43 pages
Book Rating : 4.57/5 ( download)

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Download or read book FCO performance and finances 2012-13 written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and published by Stationery Office. This book was released on 2014-01-10 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The FCO is struggling to meet the continuing demand for policy support. On top of the day-to-day business of sustaining a foreign policy at a time of particular turbulence in the Middle East, the FCO has had to meet the demands of the London 2012 Games, the expansion of the network of posts under the 'Network Shift', and the greater emphasis on commercial work. The net effect has been to divert resources from mainstream policy areas and to complicate the Department's efforts to derive savings from headcount reductions. The increase in funding for the BBC World Service announced by the BBC Trust in June is welcomed. However the announcement covers only 2014-15. If the BBC Trust is to honour its argument that funding from the licence fee provides a level of certainty and stability, it should announce funding levels for the World Service for the remainder of the current BBC Charter period. The Committee is opposed to proposals for a wider commercialisation of the BBC World Service now being considered by the BBC Trust. The Committee is strongly in favour of retaining a degree of public funding for the British Council, which promotes a wider knowledge of the UK and its culture abroad. The current mix of public and self-generated funding 'is better than any other in allowing for a strong British influence and presence overseas and a deeper understanding of Britain, its culture and values, at an acceptable cost to the taxpayer'

Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
Publisher : The Stationery Office
ISBN 13 : 9780215559227
Total Pages : 94 pages
Book Rating : 4.23/5 ( download)

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Download or read book The implications of cuts to the BBC World Service written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and published by The Stationery Office. This book was released on 2011-04-13 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Foreign Affairs Committee believes the BBC World Service is of such value to the nation that its income should be ring-fenced against spending cuts. The Service has suffered a disproportionate reduction in its future Grant-in-Aid under the spending review settlement, by comparison with that of the 'core FCO': allowing for inflation, 16% as against 10% across the four years 2010-11 to 2014-15. High-level discussions between the Government and the BBC about a transfer of funding responsibility started only nine days before the formal announcement of the change. The report says that the decision to reduce World Service spending by 16% during the 2010 spending review period should be reversed, and resources made available for it to continue its operations at roughly the 2010-11 level of staffing and output. If the Service's funding is reduced in spite of this recommendation, the committee urges for damage limitation with an unreduced BBC Hindi and BBC China Mandarin shortwave service, and enhanced resources to BBC Arabic as required by the recent and continuing political developments in the region. Some of the activity of the World Service contributes to the wider aims of the Department for International Development, and a transfer of just 0.35% of DFID's resource budget over the next three years would compensate for the proposed 16% reduction in World Service funding. There is no reason why such a transfer should not be made if the political will to carry it out is present.