Who pays the piper?
Article Abstract:
About 18 accountancy firms in the UK provide audit and advisory services for the British music industry. Accountants advise artists and managers on proposed contracts. Rising salaries for musicians in opera and classical music, combined with reduced funding for the arts, has led to an innovative funding program by which organizations receive aid in proportion to their ability to raise funds. The UK music industry is characterized by substantial foreign ownership. The UK music industry began a period of renewed sales growth in the mid-1980s, although segments of the music business, such as sales of musical instruments, have done poorly, while producers of records have had high rates of return on capital. Two British organizations that collect royalties for musicians are the Performing Right Society, and the Mechanical-Copyright Protection Society.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
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What happens to your cheque?
Article Abstract:
Electronic funds transfer is becoming more popular, but machine-readable paper checks still make up much of the business in clearinghouses. Traditional machine-readable check processing involves the use of clearing agents' sort codes, bank account numbers, and personal account numbers to physically move checks between banks. Computer clearing and electronic funds transfer involves the transmission of funding information across computers without physically moving checks. Electronic funds transfer has decreased the amount of time necessary for check clearing and some firms are even offering same day clearing for limited geographic areas.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1989
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