Management Accounting and Finance in U.K. museums and music organisations - Dissertation Example

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Management Accounting and Finance in U.K. museums and music organisations

The European cultural funding have long been the subject of resentment for the arts organizations & artists of America. However over the last two years that is after 2010, as the severe minded conventional governments took step against the background of a profound fiscal emergency, countries across the European continent have focused on the arts segment for ruthless cuts.
The most spectacular changes are taking place in countries that have conventionally been the major devotees of culture namely the Netherlands and the United Kingdom while locations that have been historically less charitable to the arts & culture of the society are now edging their funding to a meager amount. On the continent and in the nation of UK, art spaces, individual artists and museums have long been supported almost entirely with public funding, an arrangement that's tough to comprehend in the private-fundraising system prevailing in the U.S.
For instance, In the Netherlands the proficient and talented artists used to get almost lifetime grants and accommodation allowance so that they could create art devoid of the requirement for a job for earning, and their unsold creations were bought by the government. In France, there was, until lately, specific unemployment assistance, planned to rush artists over amid performances. In nations like the, Hungary, Spain and UK all art museums were once supported with no private funding. Now the situation is changing fast. "The greatest impact within the visual arts will be on emerging productions or new works, and mainly in countries where the contemporary visual arts market is weak," said Luca Bergamo, secretary general of Culture Action Europe, a pan-European art advocacy organization based in Brussels. ...Show more


In the following sections we will discuss about the historical background of the UK, the economy of the country, the political factors related to the overall administration of the country, the various social factors, the cultural aspects, the leisure activities and the financial aspects of both music organizations and museums…
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