Accounting and society--litarature review Essay - 2

Accounting and society--litarature review - Essay Example In this case, the two environmental approaches that accounting practices can be conducted include the free market and the pro-regulatory approaches. These approaches have been interchangeably used for the interests of the society (Buckley & Weston 2006, p.16). In the recent past, the adoption of the free market was considered ideal but until the world economic crisis experienced in 2008, several issues have been aroused which necessitate the adoption of regulation approaches. However, the consideration of the ideal environmental approach necessitates the analysis of their effects in the economy. The free-market approach to accounting information entails the treatment of the information as normal goods and services, which are impacted by the forces of demand and supply. For this reason, the preparation and utilization of the accounting information would yield optimal output. For any business entity, they will offer financial information that would address the needs of the economic demand (Flegm 2004, p.56). In addition, business entities would be required to provide the expected financial information without the imposition of any regulation. For instance, when companies would be required to offer the shares in order to be listed, they would be necessitated to offer the required financial information to attract investors. On the other hand, the implementation of the pro-regulatory approach involves the incorporation of regulation that would necessitate all business entities, especially companies so as to offer their accounting information freely to the public. In this regard, the accounting information is considered to be a public need, and for that reason, companies have to set some finances for the preparation and presentation of the accounting information. After the accounting information have been produced, it is essential to realize that they become free and everyone can access them. Through this practice, there is a conception that

Mangment Essay Example | Topics and Well Written Essays - 250 words - 2

Mangment - Essay Example ng a project is usually desirable when the project timeline is inaccurate, and the project implementation process lags behind the set schedule, or project completion date is raised up (Pinto 298). In these situations, it is difficult to complete a project within the stipulated period as set in the original schedule. Therefore, it is recommendable to crash the project or activities to establish new completion dates. Additionally, crashing is sometimes desirable when penalties or late fees are incurred. In some cases, it is advisable to crash activities than pay the extra activities (Pinto 299). The critical path is usually the longest path within the network. Crashing project or activities is performed on the critical path to reduce the overall project duration period (Pinto 302). This is because crashing projects or activities outside the critical path increase overall cost. It also only reduces the time for the completion of a single activity, but not the overall time of the project completion. Therefore, it is advisable to crash activities that lie, on the critical path to reduce the time for project completion and extra