Organisations Flashcards
A public organisation is…
owned by the government providing services for the community
A private organisation is…
owned by individuals that benefit the owners
Differences include….
.Culture
.Controls
.Constraints
.Regulations
.Public money
SCOPE 4 public
.government agencies
.emergency services
.civil services
.government departments
SCOPE 4 private
.sole traders
.partnerships
.co-operatives
.limited liability
Budgets public sector
.use a balanced budget
.follows the managing public money guidance
.develop estimates of expenditure
Budgets private sector
.forecast revenues and expenditure
.objective to reduce costs and increase revenue to increase profit
.expenses adjusted based on income
Processes public sector
I.E
.managing public money
.procurements
.declaring conflict of interest
.must follow set government processes and procedure
.cant be changed by individual department or bodies
.apply to all government bodies
Processes private sector
I.E
.recruitment
.procurement
.billing
.set their own processes to suit their business needs
.can be changed when required
Accountability of public services