1.Three major characteristics for the operating environment of public sector are –
The profession of accounting in the public sector is to collect the information and process the collected information to decide, forecast, evaluate and prepare the budget for the economic activities of public sector. Their ultimate goal is to enhance the efficiency and effectiveness for the public management. Three influential factors for the accountants are the accounting standards, national goal and cultural background. Control of the waste and managing them is one of the crucial issues that are associated with the financial and environmental benefit. Owing to these factors, the role of accountant become more important with regard to the cost that is expensed and the benefits acquired out of them (Goretzki, Strauss and Weber 2013). (See figure 1)
2.The accountants are directly associated with the reduction and control of cost and enhance the profit at the same time. They are responsible for preparing the budgets and identify the costs that can be minimised to achieve higher profits. Further by helping the community, the accountant builds good image for the organization, which in turn, contribute values to the shareholders, employees and clients. This will not only provide good image to the public, but also lead the potential clients that how much the organization cares for them moreover, the transparency in the financial statements give the shareholders an idea regarding the investment of their funds. Further, the financial statement that are prepared with the the best knowledge of the accountants with consideration of accounting standards and professional approach will definitely create good faith of the shareholders about their organisation (Brown, Henze and Milford 2017). (See figure 2)
3.Normally, the accounting and tax are essential for the accountants to follow the professional and ethical codes of conduct to obtain the sustainable competitive advantages with regard to the competence level and employment terms. The key factors here that the accountants must have clear idea of the stability of the modern working environment and must be able to adapt the changing regulations and policies. As the accounting environment is changing continuously, it is crucial for the accountant to follow the standards and must consider their responsibilities towards the public as well as society. Many accountants now-a-days choose to go for further studies related to accounts and tax as qualifications plays an important role that make the difference between the accountants and other competitors. Moreover, if the accountants give detailed report regarding the performance of the company both externally and internally, it will improve the internal control system of the organization and the community will be assured that the business practices of the organization are in order and being carried out as per the regulation (Guerrero 2013).
Brown, K.E., Henze, D.K. and Milford, J.B., 2017. How accounting for climate and health impacts of emissions could change the US energy system. Energy Policy, 102, pp.396-405.
Goretzki, L., Strauss, E. and Weber, J., 2013. An institutional perspective on the changes in management accountants’ professional role. Management Accounting Research, 24(1), pp.41-63.
Guerrero A., 2013, “Solid Waste Management Challenges for Cities in developing countries”, Journal of Science Direct, Vol 33, pp 224-237.
Zadek, S., Evans, R. and Pruzan, P., 2013. Building corporate accountability: Emerging practice in social and ethical accounting and auditing. Routledge, pp (84-108
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2018). Social And Ethical Accounting . Retrieved from https://myassignmenthelp.com/free-samples/social-and-ethical-accounting.
"Social And Ethical Accounting ." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/social-and-ethical-accounting.
My Assignment Help (2018) Social And Ethical Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/social-and-ethical-accounting
[Accessed 14 December 2019].
My Assignment Help. 'Social And Ethical Accounting ' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/social-and-ethical-accounting> accessed 14 December 2019.
My Assignment Help. Social And Ethical Accounting [Internet]. My Assignment Help. 2018 [cited 14 December 2019]. Available from: https://myassignmenthelp.com/free-samples/social-and-ethical-accounting.
MyAssignmenthelp.com has become one of the leading assignment help provider in New York City and Boston. We provide top class auditing assignment help. Not only auditing, but we also cover more than 100 subjects and our writers deal with all types of assignments with utmost expertise. To make writing process faster and accurate, we have segmented our assignment experts' teams as per their expertise on writing different types of assignments. We guaranteed that students who buy our assignment online get solutions worth their investment.
Answer: Introduction Every organization should try and disclose the required terms and conditions to various type of user so that the decision-making process can be carried out by them. In today's world, it has been observed that the principle of disclosure is not being able to fulfil the needs of the financial reporting of users. The environment is divided between two groups of people among which half are satisfied with the information they ...Read More
Answer: Introduction The main purpose of this paper is do carry out a research and discuss if the financial accounting and reporting should be regulated or a manager should be allowed to disclose financial accounting information voluntarily (Vernimmen, Quiry, Dallocchio, Le Fur and Salvi 2014, pp. 22). The paper also gives an explanation on how the Australian Accounting Standards Board (AASB) participates in the setting process of global...Read More
Answer: Company Overview Lantern Hotel Group held a portfolio of hotels and pubs located in Australia and New Zealand. During the recent times, there have been issues on profitability and liquidity front for the company’s assets. As a result, the company has been rejigging the asset portfolio whereby it is selling non-profitable assets. Owing to cash crunch, it exited the New Zealand market in 2013. The sale proceeds were used for Austral...Read More
Answer: Introduction Measuring the performance of a business is critical in establishing its business progress. In this essence, it is important to note that activity based costing is a key management accounting method that can be deployed to measure the performance of a business entity in real-time (Kennedy and Affleck-Graves, 2001, 33). This is achieved by evaluating the business in terms of the cost associated with each resources and activ...Read More
Answers: Introduction: A report has been prepared on the xero software and a brief overview of the same has been given. The advantages and disadvantages of using the same as an accounting software has been using the screenshots and how the same is being used in the given business scenario. The second case study is on Mining Support Services (MSC), which is one of the specialist in software designing for the mining industry. Since it has many ...Read More
Just share your requirements and get customized solutions on time.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
thank you again, it is a good work, everything is perfect. I am very happy. It is not the first time and I know that I can count on you.
Gave them a small amount of time and they pulled through for me. Wonderful.Gave them a small amount of time and they pulled through for me. Wonderful.
It was very good work and I got an 85% on it. Thank you very much for your help and fast response
Was very good work and I get a full mark on it. Thank you very much for your help