Read the “Midas” case study in Chapter 2 of your text and respond to the guided response below in a three-page paper in accordance with APA guidelines.
In this paper you must:
Discuss the anticipated impacts (both positive and negative) upon operating efficiencies, and recommend solutions to minimize the negative impacts.
Discuss whether or not operating practices should be changed to accommodate the tune-ups. Be sure to explain your reasoning.
Examine the reasons why input should be gathered from the shop owners.
Discuss the type of input that should be gathered.
Describe the processes and steps needed to launch this new program.
This assignment will treat your fieldwork and ethnography in more formal, concrete terms: you’ll develop a proposal for this final, most substantial project of the entire term.
Your audience for this proposal will be a government agency, nonprofit, or another organisation likely to fund and otherwise support your research.
“Government and Institutional Accounting” ACG 4501
Name of the Class: “Government and Institutional Accounting” ACG 4501
1- Respond to the following Classmate’s Post which was based on the following instructions:
-What is the purpose of an internal service fund? What advantages and disadvantages do you see? What do you see as being compatible to for-profit companies in terms of financial reporting?
Internal service funds are accounts to track goods and services between departments on a cost reimbursement basis. An Example could be a maintenance department that provide services for other departments. A benefit to internal service funds could be efficiency. It allows agencies to share cost of staff across departments rather than duplicating efforts. This would also create more accurate accounting cost of a particular service. On the other hand, this more complicated to understand in financial reporting than an appropriated budget. Related transactions for a for-profit company would be something of a related party transaction and could be recorded as referral fees or contract cost.
Cowan, Florance (1989). Journal of Accounting Public Policy, The effect of internal service fund on the comparability of government accounting numbers, Retrieved from: https://www.sciencedirect.com/science/article/pii/0278425489900197
She-Edmunds, Sam (2018, April). Azcentral, The Advantages of Internal Funding, Retrieved from: https://yourbusiness.azcentral.com/advantages-internal-funding-16749.html
2- On your response you must agree or disagree what your Classmate said on her post. You also need to add something new to the discussion. You MUST include In-Text Citation in order to add credibility to your assignment. Do not forget to cite your sources and In-Text Citations in APA Format.