ORGANIZATIONAL ACCOUNTING

Accounting for Organizations

Accounting for Organizations

Introduction

The relationship among institutions, organizations and accounting need to be analyzed carefully. This relation asks for many questions. There should be an adaptation of rudimentary things without being too susceptible and use of traditional nomenclature. When the word accounting comes, it indicated the all those historical and spatial changeable and determined practices- varying from fair value accounting to budgeting. These traditional and new practices allow accountants and other professional to explain and act on entities and process accurately. When the word organization is used does mean formally structured and constituted bodies such as NGOs, public or private organization or educational institutions accountable to provide goods and services. And institutions means legitimized and stabilized groupings of an idea which make bodies of knowledge and provide services (Chapman, p.01).

Researchers of accounting excitedly adopted the approach to behavioral accounting that gives emphasis on the psychological aspects rather than on the political or sociological behaviors. Some are inspired and focused on the organizational designs, who present good understanding to sociology and political science to perceive that in what way and how accounting could be implemented in larger organizational processes (Ezzamel, 2005, p.12). In this way researcher opened and explored the analysis that focused on the complex nature of an organization and its accounting procedures. On the whole influential(s) are those social scientists that empirically understand and described the operations and functions of bureaucracies and validated ideas from systems and theories of bounded realities which contribute towards the decision making process of an organization (Chapman, p.08).

London Metropolitan University

London Met University arose from a debate at a meeting of the European Rectors in Cracow in October 2000 conference. This university emerged from the merger of two executive head; Brian Roper of the University of North London and Roderick Floud of London Guilhall University. This was realized that both universities was too small with undercapitalized structure so they agreed on circumstances of British higher education standards, and that this merger will provide them opportunity to serve their community and students in a better way (Bekhradnia, 2005, p.2-3).

London Met University is limited by guarantee and with no capital share and exempt from charity as well which is regulated or synchronized by HEFCE. The Charity Act 2011 imposes an obligation on charity type organizations to make obvious and explicit their operations and how they give benefits to public. The Board of Governors is the charity trustee of London Met University. On public benefits, they have been given due regards to the Charity Commission's guidance. These guidelines encompasses that there should be explicitly identifiable advantages that aim at the charity policies; that benefits must be for public or to the particular sections of the public.

Equal opportunity of benefits should be provided and must not be irrationally opposed by geographical or any other restrictions or anything regarding fees structure, and that the people in poverty should not be barred from getting that opportunity to ...