Government Accounting and Reporting Essay Example | Topics and Well Written Essays - 1000 words

Government Accounting and Reporting - Essay Example The major features of government reporting are the summarized plans and programs, fiscal and economic policies capsulated in facts and figures. A government wide reporting is a reporting method that brings together the three types of government activities, such as governmental, business-type and other detached units. Each entity is required to report the activity in economic terms, describing the â€Å"flow of economic resources† that measures its impact, and follows the accrual basis of accounting (Klashy and Williams, 2000). Further, the report is historical since the report is compared with previous year’s performance to identify the financial and performance position of the entity. The Comprehensive Annual Financial Report (CAFR) of Davis School District in Utah has the same accounting reporting procedure; however, the state requires the School District to publish their report within five months of the close of each fiscal year in accordance with generally accepted accounting principles, which also required to present a report of financial activities to parents, taxpayers and citizen (Roberts, 2008). Furthermore, as differentiated from regular public accounting, Roberts (2008) said that the reason of preparing separate financial statements is to â€Å"support state or federal applications and a financial statement for use in an official statement for bond issuance purposes†. The school is supported by the County through the proceeds from bonds. The CAFR report of Davis School District is divided into three segments (Roberts, 2008): 1) Introduction of the report - Illustrates the description of the report including the transmittal letter, the lists of elected board and directors, the chart of the School District organizations, the model of the School District for its education, and excellence certificate of financial reporting. 2) Financial Report Section – This section is

Managing and leading people 01 Essay Example | Topics and Well Written Essays - 3000 words

Managing and leading people 01 - Essay Example Based on some critical research findings related to culture, this report intends to focus mainly on its implications on labour legislation, human resource management (HRM), leadership and people management, cross-border negotiations, knowledge management etc and any other issues that might get noticed during literature study. Finally, conclusions will be drawn based on key findings and applicable recommendations will be made if required. Impact of culture on industry and economics has been established through numerous research and studies throughout the world; the main study that stands out in this sphere is that conducted by Hofstede (1980) whose pioneering work in this sphere has opened up new ways to approach business and management in the international contexts. These studies revealed that national culture has an impact on social norms, which in turn influence work-related values of individuals; and that national culture influences the corporate culture through the kind of policies, practices and procedures followed in the organisation. Values of business owners get translated into practices for employee management. Hofstede’s work identified five dimensions of national culture that get translated into, or influence, management practices. These include power distance, uncertainty avoidance, individualism-collectivism, masculinity-feminity, and time orientation (French et al., 2011). Following Hofstede, ma ny other studies on culture and its impact on management have been conducted with significant findings. Trompenaars and Turner (1993) identified seven dimensions; and Hall’s (1989) work identified aspects of communication that could have different meanings in different cultures. The project GLOBE by House et al., (1997) is yet another groundbreaking work to determine impact of culture on various management aspects (Steers, Sanchez- Runde & Nardon,