Introduction to Accounting and finance -- Economics, Finance and Assignment - 7

Introduction to Accounting and finance -- Economics, Finance and Management - Assignment Example The result is that immediately on payment for bulk purchases from UK supplier, the company will be requiring more than the available OD facility of  £25000. It appears from projected cash flows that after meeting payment for bulk purchases the company will be in position to manage its liquidity within the available line of credit. It must be remembered that â€Å"by using cash flow forecast, an entrepreneur can predict and plain the cash flow of a business.†(Justin G. Longenecker, page 390)ii . While planning cash flows, one of the major issues over which managers should concentrate in resolving the liquidity problems are seeking an extended credit period from suppliers as the company is making bulk purchases. Second issue is to approach the bank to raise line of credit from the existing limit of  £ 25000.Third issue that requires management’s concentration is to take advantage of the positive liquid position emerging from October 2010. The management must understand that cash flow forecast is â€Å"for internal purposes and is not subject to the rules we will lay for preparing profit and loss account and balance sheet.†(David Crowther, page 24)iii. â€Å"Profits are the funds that are left at the end of the period when all sales are booked and expenses are tallied.† (Craig Cochran, page 22)iv. Cash represent liquidity available with the company and profits are the result of good performance of any business. â€Å"Any one who has compared income statements and bank statements knows that profit never makes its way to the bank account exactly the same amount that appeared on the income statement.†(Gene Siciliano, page 76)v. Profit calculation involve measurement of non- cash transactions in order to arrive at a reasonably good assessment of a business activities over an accounting period, particular when accrual basis of accountancy is in operation. Credit sales and credit purchases are considered for the purposes

To What Extent is it Justifiable to Deviate from Fundamental Essay

To What Extent is it Justifiable to Deviate from Fundamental Principles of Criminal Law by Creating Driving Offences of Strict Liability, in the Interests of Maintaining Road Safety - Essay Example Without an iota of doubt, it can be said that the concept of law, and for that purpose criminal law, has come to find a midpoint between these two schools of thoughts by setting principles that both give freedom to people to behave as individual beings and also protect the interest of other people. Typical examples of such rules and regulations that can be identified as directly catering for both the freedom of the bearer and the interest of the holder are driving laws on the possession of insurance and valid driver’s license by car users. Such laws are in place to ensure that as much as people have the freedom to drive any car of their choice, they also have the needed training and security that will put other road users at safety. Notwithstanding the presence of such road user laws, which have been inculcated into existing criminal laws, there are studies and case laws that suggest increases in driving offenses and road user related offenses. This essay has therefore been written to hold a debate on the justification in deviating from fundamental principles of criminal law to create driving offenses of strict liability that will be in place with the interest of maintaining road safety. There are a number of thematic legal arguments that can be developed from the question under discussion. These are considered thematic legal arguments because they seem to raise issues that could be given different legal interpretations, an analysis of which can lead to a successful conclusion on the justification of deviating from principles of criminal law by creating driving offenses of strict liability in the interest of maintaining road safety. These thematic legal arguments have thus been discussed as follows.