Six Managing resources for planning: finance and assets
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Janice Morphet
Abstract
Finance is a key consideration for all organisations. The way in which an organisation is able to manage and attract finance is critical to its success in achieving its objectives. Finance forms part of the organisation’s resource base and is accompanied by staff, land and buildings, equipment, intellectual property and reputation, all of which are capable of being assigned a financial value. Management of these resources may be direct or indirect and includes both day-to-day management as well as dealing with change and crises.
Financial resources have a number of roles within planning. First, there are the costs of a planning service or planning application to consider (BCCI, 2011a). Planning is an essential component of all capital investment in land and buildings and plays a central role in the country’s national and local economies (PAS, 2014c; RTPI, 2014). Planning is used to support investment and also generates mitigating development contributions to be spent on infrastructure and facilities.
Accounting for financial resources is considered in two ways – the use of capital resources for long-term investment and revenue or current resources for day-to-day expenditure. Accounting for the use of resources must be undertaken according to legally binding standards. Until 2013, the accounting standards for the private and the public sector differed, as did those between nations. Since 2013, International Financial and Reporting Standards (IFRS) have begun to be introduced; these will be the same for all sectors and across a number of countries. In the UK, their implementation is due to be completed in 2017.
Abstract
Finance is a key consideration for all organisations. The way in which an organisation is able to manage and attract finance is critical to its success in achieving its objectives. Finance forms part of the organisation’s resource base and is accompanied by staff, land and buildings, equipment, intellectual property and reputation, all of which are capable of being assigned a financial value. Management of these resources may be direct or indirect and includes both day-to-day management as well as dealing with change and crises.
Financial resources have a number of roles within planning. First, there are the costs of a planning service or planning application to consider (BCCI, 2011a). Planning is an essential component of all capital investment in land and buildings and plays a central role in the country’s national and local economies (PAS, 2014c; RTPI, 2014). Planning is used to support investment and also generates mitigating development contributions to be spent on infrastructure and facilities.
Accounting for financial resources is considered in two ways – the use of capital resources for long-term investment and revenue or current resources for day-to-day expenditure. Accounting for the use of resources must be undertaken according to legally binding standards. Until 2013, the accounting standards for the private and the public sector differed, as did those between nations. Since 2013, International Financial and Reporting Standards (IFRS) have begun to be introduced; these will be the same for all sectors and across a number of countries. In the UK, their implementation is due to be completed in 2017.
Kapitel in diesem Buch
- Front Matter i
- Contents v
- List of tables, figures and boxes vi
- Abbreviations viii
- About the author ix
- Preface xi
- Introduction 1
- Sectors and scales 21
- Theories, tools and techniques 37
- Strategy and planning 59
- Managing resources in planning: people and communications 79
- Managing resources for planning: finance and assets 101
- Managing planning processes 121
- Managing planning: projects, plans and programmes 143
- Sustainable management and risk 161
- Personal management in planning 177
- References 191
- Index 225
Kapitel in diesem Buch
- Front Matter i
- Contents v
- List of tables, figures and boxes vi
- Abbreviations viii
- About the author ix
- Preface xi
- Introduction 1
- Sectors and scales 21
- Theories, tools and techniques 37
- Strategy and planning 59
- Managing resources in planning: people and communications 79
- Managing resources for planning: finance and assets 101
- Managing planning processes 121
- Managing planning: projects, plans and programmes 143
- Sustainable management and risk 161
- Personal management in planning 177
- References 191
- Index 225
