A briefing paper on Housing Policy & Finance Outline

A briefing paper on Housing Policy & Finance - Outline Example Other than that, the need to increase the income and bargaining power in order to move on has been hampered by unemployment, special needs, and the least desirable dwellings and areas(Malpass&Murie, 1999). Therefore, in severe times, the system always seems to fail. Of course, the blame can be easily put on the restricted objectives of the social housing. The separated residual housing provision and the dependency of policy on selected Registered Social Landlords (RSLs) can also be mentioned here as it is very faithfully working towards decreasing the private landlord solution and their number has been rising since the deregulation of housing markets in 1988 (Garnett, 2005). The social housing financial policies thus have a sizeable effect on the degree to which government’s policy agenda is supported.Since housing is also taken as a form of market, it holds a very compound supply and demand route. Thus, the government agendais highly affected. This can be said so, because of market closure, as in this area, finance contains only a few big players in credit allocation because the market contains the roles of future values and borrowing which is what this market is paid for, and market volatility, since the buyers and sellers are the only part of the market that is dominating at a given point in time. Certainly, the affect can also be traced to the externalities and uncertainty(Spicker). After the 1988, the social housing construction was seen to be increased in the times of a new financial regime. Since then, many programs have been dependent over the financing that is private in nature so that the public capital subsidies can be aided. The private funds are thus collected from the financial institutions. The data justifies the previous statement by stating that as a housing benefit, rent subsidies have been largely increased. This means that when the government’s

Why are adjusting entries necessary Essay Example | Topics and Well Written Essays - 1000 words

Why are adjusting entries necessary - Essay Example A situation that requires an adjustment entry is when an amount in the accounting records of the company has already been recorded but the amount is realized that it is far more than the current accounting period. Consequently, there are other situations that the adjusting journal entries may be required before the company issue the financial statements for example a situation when there is nothing that has been entered into the accounting records for a particular expense or revenue that did occur and require that they are included in the income statement and the balance sheet of the current period. Another situation is when some amount of money has already been entered in the accounting records but it needs to be divided between two or more accounting periods. Adjusting entries are used to measure income and financial position of the company or organization in a very useful and relevant way. For example if the management of the company would wish to know the much they earned during the last few months or years and even its liabilities and assets at particular date. This makes it a necessary reason for making the entries that will indicate the actual and realistic positions to the users. The procedure for making these adjustments and entries must be complete and consistent at the end of each accounting period (Lypko, 2013). Therefore the accountants must ensure that they make these adjustments by analyzing thoroughly the accounts and determine which account requires adjustment. Adjusting entries allows financial statements to be compared through different accounting periods (matching rule). Management of the company can use the adjustment entry journal to analyze whether the company is making progress in terms of earning profits or improving its financial position. For example if the accrued salary expense for a given month is