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Leadership
The readings this past week covered some different concepts. The Cnaan readings encompassed the topic of community elites and power structure, but Rikki Abzug, which provided an overview of the mid-20th century sociological thought on the concept of elites. First is was noted that there is an elite hypothesis, wherein "professional or political players were setting policy" in our communities, rather than having policy achieved through pluralist decision-making. The core of this idea is that a handful of bodies -- major corporations, the military and major political bodies are ruling the country, in contrast to "religious, educational and family institutions" -- I guess the implication is that the current state is worse than having those institutions run by similar powerbrokers in charge of things. So the readings look at the study of power structures in the community, and why this study has died out. The reading is basically a...
This idea serves as a counterpoint to the elites ruling communities by providing an understanding of how communities can organize for themselves. Taylor provides an interesting overview of the different approaches to managing a community, along with their corresponding models of democracy, vehicles for solutions and the role of community practice. Knowing how power works in a community provides for better opportunities to counter the power of elites, for example,.
The other readings highlight some issues in accounting for not-for-profit entities. Chapter 18 provides an overview of financial reporting -- by function or by groups. There is…
Gross, McCarthy and Shelmon's text, Financial and Accounting Guide for Not-for-Profit Organizations (8th ed.) (2008). All of the following summarized information refers to this specific chapter. Not-for-profit organizations range in size and scope but they are all defined by their mission and the board of directors and executive management are responsible for executing the mission. Although the laws that govern the manner in which non-profit organizations oversee their fiduciary
Loyalty to the client was clearly placed above loyalty to the overall public good and the standards of the profession. "Enron paid Andersen $25 million for its audit…and $27 million for 'consulting' and other services" which meant that Anderson had a substantial financial stake in retaining Enron as a client (Kadlec 2002). The Enron case illustrates the difficulty of self-policing within the industry. Today, providing additional services besides the
Accounting Qualitative Characteristics of Financial Statements There are four principal qualitative characteristics that make the information provided in financial statements useful to users. These are understandability, relevance, reliability and comparability. The first section of this paper will be dedicated to explaining each of these concepts and how they relate to making financial statements more valuable for the audience. The first principal qualitative characteristic is understandability. This relates not only to the information but
Accounting What is Accounting Accounting is a term which is usually referred to when there is a formalized manner to hold an individual, firm or other organization to account. The process of accounting will usually involves the collection of data that measures or quantifies actions or transactions, to allow for an evaluation or assessment of performance. The most common type of accounting will be used to measure and quantify financial data. A
Accounting Ethics Ethics of Accounting There have been breaches in the ethics of accounting in recent times. With that in mind, evaluate whether or not the current trend in the regulation of business establishments is favorable to ethical behavior. Supply supportive evidence to your answers (Jeter, 2003). The generally accepted principles of accounting and the standards of auditing in contemporary practice stipulate that the financial statements of any establishment should contain the following
Accounting In just about any part of the world, accrual accounting is preferred by government over cash accounting, for several good reasons. To understand these reasons, the first step is to understand what the difference is between accrual accounting and cash accounting. Cash accounting is a standard form of accounting for very small businesses and for households, where the entire basis of accounting is the cash flows in and out. Under