Assignment6 Article Example | Topics and Well Written Essays - 250 words

Assignment6 - Article Example Further, user charges offers invaluable data on which services should be supplied, in what quality and quantity, and to whom. In turn, the application of user charges is to promote and enhance economic efficiency. The problem with the user charges is that in some cases, it is difficult to determine the specific and proper design and domain of user charges. Further, the prices set of certain services may not be charged on a competitive market. My State prepares tax expenditure to show the residents revenue loss because of issuance of tax preferences and concessions to certain activity and particular class of taxpayers. Further, it prepares the tax expenditure to show its spending and spending via the tax system. Yes, it prepares fiscal impact statement to predict how the authorization of a ballot measure would affect the finances of the state. When preparing revenue forecasts, it significant for the local government financial accountants to begin with expenses not revenues since in this manner, it much easier to predict expenses than expenses. In addition, it significant to predict revenues utilizing both an aggressive and conservative case because aggressive state keeps one motivated while conservative state brings reality on the ground. It is also good to monitor key ratios to ensure that the projections are logically and

Enron Essay Example | Topics and Well Written Essays - 250 words - 1

Enron - Essay Example It was only after the scandal that the government decided to do something about the prevention of possible future crimes that might be committed. Ethical considerations for the case and verdict required that no further information on the criminal case was leaked out into the public. As for justice on the crimes that were committed, the defendants had to pay for their crimes and were sent to jail. As much as they claimed that they were innocent, the jury had found them guilty with no biases made. The victims, although suffered terrible losses in terms of finances in the market, nothing more could be asked as the criminals who were the cause of the crime were sent to jail—it was better than having the criminals set loose. For the rest of the people in society who were not involved in the incident, justice was served as the government had took action to close the company so as to prevent more probable problems that might come from them. As a result of the scandal, the UK and the USA were the first countries to make the necessary changes so as to prevent anything like the scandal to happen again. Accountability and legal changes were made and this lead to the creation of the Sarbanes-Oaxely Act which required that CEO and CFO of any company to certify annual reports that will be passed to the government. The inability to do the required action of the law meant the probability of facing charges on the part of the CEO and CFO (â€Å"What is the Sarbanes-Oxely Act?