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Financial Accounting Theory Solved

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It can be viewed and observed that organization growth is one of the main and primary focuses of any organization. While studying this concept, I found the experience to be exciting as it allowed me to dig deep into the concept and analyze various companies in terms of organization growth. I did infer that different organizations had a different and specific perception and implication towards organization growth. While some organizations evaluated organization growth on the lines of profitability other non-trading organizations did tend to focus on other aspects like maximization of social welfare, fair treatment of employees and so on and so forth. During the course of the study of the concept, I came across various facts about the concept, which kept me gripped and intrigued. I did notice that the concept of organization growth is a mean of providing direction and future course of action to the company in terms of business strategies and actions that the company undertakes. The company is completely liable for the strategies and methods used as they are prepared and implemented keeping the goals and objectives in mind (Andrews, 2014).

The next point that I discovered during my course of evaluation and consultation with my senior that a series of checks are required in the process of organization growth. These checks are like a disciplinary method in which these checks are used to keep the strategies on course of the objective. A plan without control is baseless and therefore in my opinion, a strategy without checks is pointless. Therefore, internal checks are used to maintain the integrity and the credibility of the strategies. Various organizations employ different strategies based on their objectives. This was a very exciting and intriguing aspect, which I found during my study. NGOs advocate social welfare and therefore they use strategies like adequate disclosure policies to create goodwill and confidence among public. The use of ‘we’ is a common practice in statements made by NGO (O'Dwyer & Boomsma, 2015).  These are some of the strategies used. Thus, I observe that organization growth is one of the most fundamental and critical topics in financial accounting.

NGO’s Accountability

There are various levels in the operational activity of NGOs. It was a bit exhausting and frustrating experience in studying the accountability and operational structure of NGOs. It was not conforming to the normal structure and style of profit seeking organizations. One thing that I found common was the source of fund. The investors are the provider of funds and during the evaluation I observed carefully the upward structure of such organizations. The investors are the prime position. The next hierarchy is the manager and the trustees. One thing, which intrigued my attention, was the role of the trustees and the custodians. They held such significance and their role was indispensible. It made me realize that the operations and objectives of NGO’s were very unique and it required an archaic process of understanding the operation. The mission and the vision of NGO’s in my opinion, is a very important and a symbol of social welfare. It revolved around the benefits imparted to victims and the underprivileged. The employees were trained sufficiently to meet the objectives and mission of the organization (O'Dwyer & Boomsma, 2015). 

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