Critical Thinking and Problem Solving Decisions

Analyzing, synthesizing, thinking critically, solving problems to make evidence-informed
decisions in a complex and dynamic environment work examples
(click on text for doc.)

To analyze, synthesize, think critically, solve problems and make evidence-informed decisions in a complex and dynamic environment, from Government Budgeting, Term Paper; Argument for Life Data statistics in Depreciation
A serious current problem related to public administration has been accounting differences between public entities and the corporate world, depreciation was simply not used in the public government accounting until recently. Today depreciation is used, but is poorly applied as it is done without corresponding understanding and application of asset life. In other words, the depreciation used by government today has little to no grounding in the actual life of the asset, general guidelines only are used from professional associations, if at all. Paradoxically, providers of capital equipment are extremely well informed of the lives of their products and have quantitative data, Weibull analysis of life studies, for all their capital equipment, and this can and should be made part of government equipment contracts. It is further troubling that the introduction of depreciation in public accounting is only recent, and past bad habits of allowing poor and no maintenance policies to push equipment to failure have been employed, knowing the money will be provided thru taxes. The introduction of depreciation, combined with bad past practices, and little grounding of depreciation in quantifiable reality creates a terrible problem for government entities in need of a solution, proper maintenance and budgeting for replacement of assets as they wear out. This presentation recommends employment of quantified life in calculating depreciation, and discusses ways of avoiding budget overruns.

  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button
Share by: