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Management Accounting and Finance in U.K. museums and music organisations
Finance & Accounting
Pages 20 (5020 words)
Management Accounting and Finance in U.K. museums and music organisations Table of Contents 4. Finding and Analysis 3 4.1 Introduction 3 5. Discussion 20 4. Finding and Analysis 4.1 Introduction The main aim of this research is to gain an in-depth understanding regarding the role of management accounting and finance in the music organization and museums of United Kingdom (UK)…
Secondly, it aims to gain a clear understanding regarding the utilization of this accounting information, so as to run the organization effectively and efficiently. Thirdly, this study also sheds light on effectiveness that the business model and the limitations that the management accounting of the art organization suffers during the period of financial austerity. Last but not the least the study highlights on the various sources of finance for the arts organization and the budgetary control and measures that the organization applies. In order to accomplish the objective of the research, general manager, accountant and finance manager of the art organization has been involved in an interview conducted using questionnaire. This questionnaire consisted of open ended question, so that the accountant or the finance officers who are involved in the survey gets full freedom in answering these question and present their opinion and ideas in their own way. The interview was conducted with the finance mangers of two music organization and one museum. These answers were then analyzed in a qualitative manner such that the aim and objective of the research can be accomplished. ...
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