Management Accounting Essay Example | Topics and Well Written Essays - 2000 words

Management Accounting - Essay ExampleHowever, contrary to this, the visual arts platform of the society perpetually remains under the monetary pressures and vulnerability even in the sound economic conditions of the country. The proponents of the visual arts, on this vulnerable situation of the visual arts platform have been raising constant voices over the matter. One the of such voices claim that visual arts organisations in order to successfully meet the societal requirement and expectation of educational and merriment development shall maintains the constitution that provides it sound financial strength. However, despite the consensus on the need of the sound financial muscles for the visual arts organisations, there have been contrary views on the system to be employed for achieving them. One dominant view on the matter is pertaining to Royce (2011) view who insists that visual arts organisations shall develop a system like to the business organisations. According to Royce (2011), well defined systems or more appropriate to state that conduct like a business is mandatory for the effective results multiplication from the visual arts organisation. In this perspective, Royce (2011) stated that Sound business models are a necessary component in healthy visual arts environmental science and essential for most publicly funded organisations. Royce (2011), for its concern over the detrimental and vulnerable condition of the visuals arts organisation shall proposed that all such organisations shall also have system for achieving the profitability. Viewing in the context of the definition for the arts in general and among definitions developed for the purpose, Shaw (2000) defined arts and creative industry activities as one that posterior be determined on the basis of its sustainable impact. As already reported, this impact is spread not only the social aspects but at the alike time wide economic impact is also identified in many studies (Landry et al, 1996 ) hence, it is important to understand the fact that an organisation in order to actualize such responsibilities requires strong system. Royce (2011) assessment report was based in reference to the Arts Council England and the Turning Point Network but reflects the overall industry requirement. ocular arts organisations financial vulnerability, according to the Royce (2011), is due to the three main factors. First, the culture of organisational conduct prevailing at the visual arts organisations is in clear contrast to the economic principle mainly in terms of productivity. This practice is despite the proven facts that visual arts have always vie an important role in the economics of the country and society (Reeves, 2002). More importantly, this practices is also in contrast to the development early in the history where since mid-eighties all cultural activities have been seen in the main context of their contribution the economic development and restructuring as well as reviva l of the manufacturing industry (Reeves, 2002). cooperate factor that is responsible for this vulnerability is the tradition of free entry offered to audience in the many of the