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Initial Input Tax Deduction
The deduction of Input Tax made by a Taxable Person upon the purchase of a Capital Asset, calculated by applying the Initial Recovery Percentage to the total Input Tax incurred on that Capital Asset.
Strategic Plan
Long-term business or governmental plans aimed at achieving specific goals.
Risk Mitigation Plan in Budgeting
A plan has to be prepared to ensure that the potential risks are identified and the mechanism has been applied to mitigate any risk, by specifying the escalation procedures that must be followed to deal with any challenges that may arise during the budget preparation project.
Risk
The possibility of harmful or uncertain events that may happen and affect the achievement of the organization's strategy and business objectives, which have a positive or negative impact.
Unit Cost Reduction
A future cost decrease resulting from organizational and operational changes that impact only the unit cost.
Sustainable Reduction
The annual financial impact resulting from a decrease in the budget or actual operational costs compared to the baseline established during the study.
Job Creation
Creating new job opportunities in the public and private sectors to meet market needs.
Willingness
A company's or investor's willingness and capacity to take on risk or make investments.
Prior Payment Control
Review and approving the financial transaction documents before disbursement.
Direct Control
An administrative method to implement financial control within the entity, through the financial controller.
Central Control
The ongoing oversight of information systems with financial impact by evaluating these systems, analyzing their data, and ensuring the efficiency and integrity of regulatory controls over the operating processes and inputs and outputs of these systems.
Non-Sampling Error
Errors in statistical data analysis that are not related to the sampling process, including inaccuracies or issues in data collection or analysis.
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