Asset strip may break an accounting principle

Article Abstract:

A bill before the UK parliament which transfers continuation colleges from local education authorities (LEAs) to county councils faces opposition from the Association of Metropolitan Authorities (AMA) and the Association of County Councils (ACC). Both groups believe that the government's Revenue Support Grant would be insufficient to cover the debts that come with the transfer from LEAs. The ACC also claims that the Further and Higher Education Bill violates the accounting rule, which links assets to debt liabilities of colleges. On the other hand, the AMA intends to continue lobbying against the bill.

Laws, regulations and rules, Political activity, Evening and continuation schools, Evening classes, Association of County Councils, Association of Metropolitan Authorities

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Diversification and entrepreneurship in BAT Industries

Article Abstract:

BAT Industries has a new plan to diversify by selling roughly 40 percent of its stores in the U.S. and by keeping just some profitable operations. The company seeks to maintain its organic growth. A quality communications systems is necessary for a company active in diversification.

Analysis, Planning, Conglomerate corporations, Accounting and auditing, Accounting, Diversification in industry, Industrial diversification, B.A.T. Industries PLC

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