Public sector and management accounting Essay Example | Topics and Well Written Essays - 3000 words

Public sector and management accounting - Essay Example Most accounting standards organisations set standards for the running of companies. This is because such companies are in the majority in most nations. And such companies have stakeholders who demand timely and comprehensive financial statements. However, the public sector has distinct requirements and expectations. Due to this unique posture, the public sector requires different standards and frameworks for accounting. The International Public Sector Accounting Standards Board (IPSASB) sets standards for the public sector in the international community. And these standards are applicable to government agencies and other public sector entities as well as intergovernmental organisations. These standards are known as International Public Sector Accounting Standards (IPSAS). The aim of this paper is to examine the framework for such standards and how they operate. The paper would examine the important framework and systems for the creation and the operation of IPSASs. It would include a critical review of IPSASB and how they operate as well as their scope. The main objective of the IPSAS is to improve the quality of financial reporting by public sector entities (Jorge, 2008). This is to provide a framework for the provision of periodic reports by these entities that exhibit transparency and accountability (Muller-Marques, 2010). IPSAS is a major set of standards that tries to provide the rules and definitive guidance for the creation of financial statements for these public oriented companies around the world. The main reason why a different set of accounting reporting rules are needed for the public sector is that they have a welfare oriented system which is in contrast with the profit-orientation of the private sector. Hence, there is the need to create a system of rules for the public sector. The main scope of the IPSAS is to provide guidelines for central and decentralised

Comparing two emperors, one Chinese and one Roman Essay

Comparing two emperors, one Chinese and one Roman - Essay Example The Roman Empire began around 1000BCE and its power began from ruling the ancient villages around the city of Rome. In its earlier years of formation the empire was a monarchy but after the overthrowing of Etruscans in 509 BCE the empire turned to a republic and the Romans started their tyrant rules and governance. This essay will cover only the rule of Julius Caesar since this was the backbone of the success of the empire. The Roman Empire headquarters were in Rome and when Julius Caesar was in power, it conquered parts of Europe, Asia and Africa. It became one of the largest empires in history .   The Han China Empire came to power after overthrowing the Qin whose reign was short lived. Qin had abolished feudalism and thus overthrown by Han who ruled from 140-87 BCE. The ruler of the Han was known as Wu Ti . Unlike the Roman Empire the Han Empire did not start as a monarchy since there were magistrate-rule who ensured who was to be the ruler. There are similarities between Han an d Roman Empires in the essence of size of the empire and the acquirement of land to enlarge their empires. Han Empire used his power in the formation of a unified China, then started taking over the neighboring locations. The difference of the growth and acquisition of more land was not as brutal as that used by the Romans. The growth of the Roman Empire was based on conquering any empire that was beginning to gain power and seemed as a threat to the Roman Empire. This is contrary in comparison of the Han Empire.