Financial Decision Taking Essay Example | Topics and Well Written Essays - 3500 words

financial Decision Taking - Essay ExampleThe TMO is also a service-oriented firm with limited resources, such that a well-taken financial decision is critical to its organizational integrity. This essay is structured such that the succeeding sections consist of an assessment, a lineup of conceptual models, a critical evaluation and a conclusion. In the assessment section, the essay discusses the richness of financial planning in the context of TMOs organizational structure and strategic goals. The conceptual models review the for sale literature on the subject, while the critical evaluation attempts to relate the academic models so mentioned to the real world, substance the TMO. As part of the conclusion, we will appraise the financial decisions and strategies most sufficient for the TMO based on all in all the pre concede data.The TMO administers a London borough consisting of 238 homes of individual designs on eight blocks of a small housing honk alongside a main road. This is one of the oldest of similar setups in London, where the blocks of houses had been there as far cover version as 1947 such that they are in dire need of refurbishing and maintenance. Families of multi-racial origin occupy these housing units low either a tenancy or leasehold agreement, and the estate is easily accessible by bus and vacuum tube train services. This TMO became a self-governing body in April 2003, as did four other TMOs managing similar estates in the London area, when the local government compartmentalized its function of providing low-cost housing services to constituents. This fragmentation forge came on the heels of the privatization binge involving local government assets and service, a major program of the national government since 1979. Now, the TMO runs the borough done a management committee headed by an operations manager and supported by a six-man staff. The overturn of housing functions to TMO was part of the central governments cost-cutting progra m and strategy of getting politics out of social services, which tended to suffocate activities in this area when local authorities were in control. Thus, management of the housing funds was shifted to agencies, which would be much accountable at the central level and less accountable to local political forces (Cairncross & Calpham). In ceding the function to the TMOs, however, the local authorities set the ground rules that exhort the former to utilize creative accounting system measures. These include 1) building up a revenue balance to regular the yearly expenditures 2) sale of suitable assets to generate income for use as capital expenditure 3) rescheduling existing debts 4) capitalizing the expenditure on such activities as repair and modernization previously