Accrual Accounting in the Army of Great Britain - Clarity, Transparency, and Accounting Data Analysis Options
Accrual Accounting in the Army of Great Britain - Clarity, Transparency, and Accounting Data Analysis Options

Author(s): Miroslav Krč, Vladimír Golik, Jana Vodáková
Subject(s): National Economy, Military policy, Public Finances, Fiscal Politics / Budgeting, Accounting - Business Administration, Corruption - Transparency - Anti-Corruption
Published by: Masarykova univerzita nakladatelství
Keywords: resource accounting and budgeting; effective allocation; resource / capital; annually managed expenditure;
Summary/Abstract: The article "Accrual accounting in the Great Britain army - clarity, transparency, and easy accounting data analyze" analyzes the application of the accrual accounting and resulting consequences of the introduction of resource accounting and budgeting in the Great Britain Armed Forces. The analysis was based on the selected financial statements: Summary of Resource Outturn; Operating Cost Statement, Balance sheet. The horizontal analysis was used to analyze trends of the changes on the annually managed expenditure limits during the period of RAB implementation. The Great Britain army was monitored as a business. Analyzed reports show data for the current and last year. Using data from individual years there was calculated the increase in absolute terms and as well as in percentage terms (growth rate). The original absolute data from financial statements are monitored in certain contexts. Analysis of the trends examined the changes of absolute indicators over time. Change is expressed in percentage or index. How many units of the item has changed over time? (Absolute change) and how many percent of the item has changed over time? (Percentage change). In the horizontal analysis we measured the development of selected items of expenditure limits and capital resources (Resource / Capital DEL) and Annually managed expenditure (AME).

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