NOT-FOR-PROFIT ORGANISATIONS 13 2 Not-for-profit organisations Key points Many not-for-profit organisations (NFPs) feel they are poorly understood by government and the general public. Pressures to be more efficient have seen overhead spending reduced at considerable detriment to effectiveness and improved resource allocation over time (allocative efficiency). The sector is diverse‚ but NFPs display some common behavioural patterns: – Whereas the behaviour of for-profit business is driven mostly
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Law No. 25 of 1999 on Financial Balance of the Central Government and the Regions‚ and the rules for its implementation in particular Regulation Number 105 Year 2000 on the Financial Management and Accountability of the starting fiscal year 2001‚ there has been a renewal in financial management area. With this autonomy‚ the area is given broad authority to take care of their own household with minimal government intervention. Local governments have the right and authority to use the vast financial
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Examining Government Regulations Colleen M. Burdin HUM/210 July 7‚ 2013 Melissa Ellison Examining Government Regulations In order for any organization to run properly there must be regulations and laws in place. The Human Services Department of any state must adhere to strict guidelines provided by the federal government; if these rules are not followed there would not be enough resources to help every individual that desperately needs it. My target population in week two was Hispanic immigrants
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delegates the decision-making authority to the manager. The costs of divergent behaviour that arises as a result of the agency relationship are referred to as agency costs. Furthermore‚ Watts and Zimmerman (1978) developed the theory of positive accounting which is focused on the assumption that ‘all individual action is driven by self-interest and that individuals will act in an opportunistic manner to increase their wealth’. Based on Watts and Zimmerman’s theory‚ Deegan suggests that owners would
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Will Change The Accounting World The public accounting industry‚ due to rapid changes in the global landscape‚ will grow internationally while remaining flat domestically. This is due to the two major facets of globalization and its effect on the industry. These facets are the globalization of markets and the globalization of production. The globalization of markets is the creation of one world-wide marketplace due to deregulation of international trade. This gives accounting firms the ability
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TOPIC: GOVERNMENT ACCOUNTING REFORMS: THE NIGERIAN NATIONAL QUESTION ABSTRACT Using Nigeria as a focus‚ the research work was on the federal character‚ its deficiencies and its effects in the public service. The research work highlights the history of inequality in Nigeria‚ evolution of the quota system in order to give readers an insight into how educational imbalances religion and ethno cultural diversities has affected the quality of personnel recruited into the public service. The
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Qualifying Examination are the major forms of regulation used in the insurance industry in Hong Kong. The relevant legal framework for the regulation of insurers is provided by the Insurance Companies Ordinance (Cap.41) ‚ and its subsidiary legislation including Insurance Companies (Determination of Long Term Liabilities) Regulation‚ Insurance Companies (Margin of Solvency) Regulation and Insurance Companies (General Business) (Valuation) Regulation. The same Ordinance also provides a legal backing
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Governmental Accounting Multiple Choice 1. To what does basis of accounting refer? a. whether an entity is trying to measure the excess of inflows over outflows b. how much cash an entity received in a particular reporting period c. the timing of recognition of assets‚ liabilities‚ revenues‚ and expenditures/expenses in financial statements d. the ownership of the assets‚ liabilities‚ and equities reported in a balance sheet Answer: c 2. Governmental accounting normally
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US GOVERNMENT & TRANSPORTATION DEREGULATION 1 US Government & Transportation Deregulation Galang Pham Embry Riddle US GOVERNMENT & TRANSPORTATION DEREGULATION 2 The United States Government played a critical role in the regulation and deregulation of transportation. The US Government first played a role by establishing the Interstate Commerce Commission (ICC) to oversee the railroad industry in 1887. This led to a century of
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#000197021 EGT1 Task 309.1.3 Government regulation in business today is vital because it attempts to create a level playing field for companies competing against one another and regulate honest business practices toward the consumers. It is important to for any business to understand how government regulation affects their industry and how they intend to run their company. Industrial regulation is the government regulation of an entire industry. The purpose of industry regulation is for a an entity to
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