Contradicting and Acquisition Assignment Example | Topics and Well Written Essays - 500 words

Contradicting and Acquisition - Assignment ExampleAppropriation does not necessarily map out cash. Instead, it represents the amount for a given purpose as stated in the appropriation act which the companies ar obligated to during a given period as noted in the appropriation act. It is most consequential for it helps the companies spend federal funds (Warde, 2010).Difference between authorization and appropriation The constitution usually grants its intercourse the power of appropriation for agencies and federal spending. The federal programs are authorized by some Senate rules and activities of appropriation follows. telling usually breaks the rules because the rules carry no constitutional weight or no statutory weight. The authorization-appropriation process serves as a highway in enacting federal spending. So the Congress is authorized before appropriation takes placement whereby budget authority is provided to federal agencies that incur obligations and make earnings out of the treasury (Gibbler, 2006).Obligations Legal actions or responsibilities made by federal agencies at a given period. The actions may include different proceeding made by them and they may include the number of orders received, services received, different contracts awarded among others. Obligation results to the amount of payment made including advances, amount of checks issued, reimbursement and net of refunds during the same period or in the future (Smith, 1976).Expenditure It is a charge on current cash that results when agencies settle an obligation as evidenced by receipts, voucher, and invoice. federal official agencies spend authorized funds in some of the federal programs. Gross outlays are disbursement that is, cash, and less funds received. Net outlays involve disbursement minus reimbursement collected.