Nobody downloaded yet

Accounting and Non Accounting Case Analysis - Essay Example

Comments (0) Cite this document
When the output increases, then the inflation(Baranzini & Cencini,1996) rate of a nation increases also. Therefore measures must be taken to lessen the inflation rate. When the inflation rate increases, employment rate decreases. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
Accounting and Non Accounting Case Analysis
Read TextPreview

Extract of sample "Accounting and Non Accounting Case Analysis"

Download file to see previous pages This can be done only if the information received by the decision makers like Chancellor Brown will not be poor, lacking or far from the actual figures. One very good strategy is the United Kingdom government to make most government transactions with its constituents and other nations TRANSPARENT. One very good government strategy is the United Kingdom’s efforts to sell some of its idle assets which are recommended by the different departments. The different departments of the government is given a free hand to determine whether to maintain, reduce or increase the next accounting period’s budget.The government must continue its budgeting process by prioritizing its expenditures to health, infrastructure and the educational system, among other priority projects. Each department of the United Kingdom Government must be thrifty in its purchases and payments. This means that all unnecessary wastes of office supplies, electricity, light and water, telephone and other expenses must be minimized to the level of “necessary” and not “regular” expenses."necessary" and not "regular" expenses.

The golden rule of government spending is for the United Kingdom government to limit the output or expenses to the inputs or resources. The government must also be complacent and continue its present sustainable fiscal policies.

One of the major government moves is to target the annual inflation rate. There are many factors that affect inflation. Ordinary lay people interpret inflation as the monthly or even weekly increase of daily needs of man like food, clothing, and shelter.

It is generally a persistent and readily felt rise in the prices of prime commodities. This rise in the prices of daily commodities results in the lower value of the monetary currency.

The inflation rate can be triggered and increased by other factors like the unemployment rate, the gross domestic product, and other factors. The government now has to print more paper money because now the ordinary lay people need more paper currency to pay for the once lower priced basic goods like milk, fish, and others. The present rapidly expanding United Kingdom economy(Wormell, 2000) has contributed much to affect the inflation rate of the state. In an inflationary situation, the man on the street will have to spend more money to get the same quantity of basic needs they consume during the previous years. The United Kingdom must therefore constantly watch and take necessary steps to keep the prices of basic necessities or goods at stable, if not permitted to be lowered, prices.

The present open policy of the United Kingdom government has helped much in alleviating the tight economic situation prevailing within its territories. The present increase in the unemployment situation has contributed to the inflation of goods. The daily moves of the Parliament and Chancellor Brown will also trigger the increase or decrease of the inflation rate.

The present government is presently implementing the four principles of macroeconomics(Fleetwood, 1999) of the government which are (a) Principle of stability through constrained discretion, (b) Principle of credibility through sound long term policies, (c) Principle of credibility through maximum transparency and (d) Principle of credibility through commitment.

Statements and Budgets

The budget for the fourth quarter of the coming year 2007 is shown in Exhibit A below.
The fourth quarter 2007 budget is based on the third quarter 2005 actual data taken.

For the 4th quarter, 2007, the Gross Domestic Product at current market prices is 333.52 billion pounds whereas the households have 209.88 billion pounds. The ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Accounting and Non Accounting Case Analysis Essay”, n.d.)
Accounting and Non Accounting Case Analysis Essay. Retrieved from
(Accounting and Non Accounting Case Analysis Essay)
Accounting and Non Accounting Case Analysis Essay.
“Accounting and Non Accounting Case Analysis Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Accounting and Non Accounting Case Analysis

Accounting analysis

...Accounting Analysis Substance over form is the best source that IASC Framework s, economic reality and not merely legal form is a key determinant of reliable information. (a) For the majority of transactions there is no difference between the two and therefore no issue. (b) For other transactions substance and form diverge and the choice of treatment can give different results due to non-recognition of an asset or a liability even though benefits or obligations result. Full disclosure is not enough: all transactions must be accounted for correctly, with full disclosure of related details as necessary to give the user of accounts a full understanding of...
3 Pages(750 words)Essay

Enron Case: Accounting Controversies

...controversy. The external auditors were declared not guilty of audit fraud in the Enron Case. Also, the Enron external auditor, Arthur Andersen, was convicted in June 2002 by the federal jury in Houston, Texas. In addition, the users of the financial statements need unbiased or fairly presented financial statements. Further, the suppliers need the financial statements to determine if the company will not file for bankruptcy. Furthermore, Enron violated generally accepted accounting principles. Finally, Generally accepted accounting principles are the foundations of the income statement, balance sheet and statement of cash flows. The external auditors were declared not...
5 Pages(1250 words)Essay

Management Accounting Case Study

.... In the case of Moonsnail, we can see a fairly high input utilization. The return on asset ratio of 0.9662 reflects that each dollar of asset generated another $0.9662 while the 10.8695 fixed asset turn over states that the every dollar in the company's fixed assets generated $10.8685. Table 8. Activity Ratios Generally, we can see that Moonsnail is in a financially stable situation. High and positive profitability ratios indicate the firm's ability to manage its cost in order to generate enough profit. Moonsnail's liquidity is also remarkable as it has current assets over and above its current obligations and high level of liquid assets to finance its current liabilities. The huge cash account...
12 Pages(3000 words)Assignment

Case study accounting

...and non-accounting information regarding the business operations. The following is a brief analysis of the business information provided by Wadhha. CASE ANALYSIS An analysis of the Wadhha’s Boatyard case study encounters the following important points: Wadhha started the boatyard business with a small amount of her savings forming her initial investment into the business. This had a dual effect i.e., on one side it increased the company’s assets being cash while on the other aspect it increased the capital invested into the company. In her quest to get on doing some business, she purchased a running boatyard business at...
4 Pages(1000 words)Essay

Tax Accounting II Case

...filing of his income tax returns.1 The accountant may be considered to have knowledge of things done in the past about deducting the cost of artwork as part of deductible expenses. As to whether there could be tax assessment by IRS because of possibly underreported income due to higher reported expenses in the past, the same should be viewed as tax avoidance because there was really no intention to avoid or cheat on taxes. Moreover, it could be inferred from the case fact that claiming the cost of artworks as deductible business expense is allowed if treated or given as a kind of employee compensation.2 The difference between tax avoidance and tax evasion is that the former is legal as a...
2 Pages(500 words)Essay

Accounting case

... costing mechanisms but also flexible patterns in order to help predict how costs may vary in case of such non standard practices like overtime production, or production in shorter timelines (Caplan, 2012). References Caplan, D. (2012). Management Accounting: Concepts and Techniques. Retrieved June 27, 2012, from Oregon State University: Problems with Standard Costing Mechanism Based on the assigning of gross profits on standard costing and assigning of variances for budgeted against actual costs, it becomes difficult when any standard orders are not received. When the organization receives rush orders or orders where varying degrees of...
1 Pages(250 words)Essay

Accounting for non-profit company

...Accounting for Not-For-Profit Organization: Rotary International Not-for-profit organizations are known to be expenditure driven such that they determine a need and find the requisite resources to meet it. As such, fund accounting forms a crucial part of their activities. In this paper, Rotary International, RI would be the not-for-profit, NFP organization to be evaluated. The background of the organization would be discussed including its mission and directorship. The core of this paper would however be the analysis of accounting for RI based on its latest financial results covering the financial period ending June 30, 2013. Rotary International is a not-for-profit...
8 Pages(2000 words)Essay

Accounting case study analysis

...Accounting case study analysis Topic: c) Identify the relevant ethical issues of the above case study and scenario and relate them back to the major principles, rules and values. The case study involves a charity organisation named as Help Our Homeless Offspring. The charity specializes at providing home and support to children who do not have food and shelter. The sources of financing for Help Our Homeless Offspring organisation come from donations. The organisation is planning to hold a bigger charity donation to support its programs. However, there is a rule that states that the revenues and expenditures ratio for a charitable organisation should not...
1 Pages(250 words)Case Study

Accounting Case Study

...Root Issue in the Case Study The root issue in the case study emerges from the use of a single reporting database, instead of a separate reporting database. Rational The company has different types of departments i.e. coal cleaning plants and the extraction plants, meaning that each plant has a separate operational cost as well as goals. However, the essence of utilizing a single operational reporting database for all the plants or individual utility is not appropriate owing to the fact that it may not indicate individual performance of all the plants; thus reducing the capacity of the management to determine individual efficacy and efficiency of each plant. Recommendations Owing to the fact that...
1 Pages(250 words)Essay

Accounting Case Study

...situated and concentrated on proficient use of accessible organization assets (e.g., gear, human good). Vital administration exercises are long haul situated choices, planned to characterize organization targets and related strategies and authoritative structure. Recommendations Control costs. The point of interest of controlling costs is that for each money you spare by reducing a price, there will be an additional money in benefits, Reduce promoting expenses, Manage your stock, Develop a database, Seek add-on deals (McGee and Preobragenskaya 2). Nearby its current item run; that Slim Choice embrace a crisp and sound picture and be advanced in the media utilizing thin, vigorous and youthful models; Dont stretch out credit to...
1 Pages(250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Accounting and Non Accounting Case Analysis for FREE!

Contact Us