Federal Highway Act Essay Example for Free

federal official track Act EssayThe accounting part of the air duct industry focuses on the financial statements. The financial statements atomic number 18 composed of the balance tag, the income statement, and the statement of cash flows. The customers and the worldwide public atomic number 18 more interested in the passenger ticket prices as well as the cargo shipping rates. The follo break throughg paragraphs expounds on either(prenominal) of the galore(postnominal) issues on the United States Air berth Industry.In the denomination The Future of American Transportation Policy, the Federal Highway Act of 1956 was an all important(predicate) milestone in the history of American airline transportation and blend in history. For, it focused on the finished the interstate highway system. Finally, the completion occurred in the early 1990s which where the general agreement on transportation among the Americans had faded away. Many economists had expressed their concern o ver the American political sympathiess management the transportation infrastructure. (Dilger, 2003). And, in the article The Law on Securities, was approved into law inside the market economy development and the entrepreneurship program as the 1989 era closed. It was again revised in June of 1990.For, many airline companies trade their sh ars of stocks in Wall Street and other stock markets to any one who wants to aver a part of airline companies. This law gives the guidelines on the issuance of treasury bills, commercial notes and bonds. This law gives a wide interpretation on how people can buy a share of an airline company. Meaning, any airline company that has a profit character can freely offer its shares to the moneyed public. These shares are generally divided into ordinary (common) shares, preferred (as to dividend payments), cumulative, non cumulative, bearer and registered shares of stocks.In addition, the airline companies can also put in into a creditor debtor relatio nship when it offers bonds and other short term liability securities. However, the stocks offered in the stock markets essential be branded as profitable in order to sell like hotcakes. To accomplish this, the airline companies offer to the interested investors free copies of their income statements that show that they have been making (passing) the grade because profits is the bottom line of the company for the past year or years of actual airline operations.And, to further give reliance to the airline companies balance sheet and income statements, the companies attached an auditors reported that the financial statements are somewhat presented. On the other hand, an auditors report stating that the financial statements are adversely presented means that the financial reported issued by the company are falselypresented. Also, an auditors report that gives a no opinion portion shows that the financial statements have not been audited for one reason or another (Skof Vukmir, 1993). Further, the article The CEO as an Organization Designery states that Professor Germeshausen, a Professor Emeritus in the Massachusetts set up of Technology opined that many senior officers in the airline companies can comfortably assess ahead of beat the effect ad influence of their many policies on the stableness, growth nuances and the mo lastary behavior of the organizations that they manage and are responsible for. (Keough Doman, 1992) Also, the article A Problem Finding Approach to Tactical Planning states that questions should be answered by the airline managers for tactical planning in terms of strategic planning environment.Some specific and important questions that could be asks include What Corporate planning information is needed by top management and unified planners to give direction to the company tomorrow? should be renovated to the better What tactical plans are needed by middle level managers to insure a high level of sales (such as an annual change magnitud e in prior sales by a minimum benchmark of fifteen percent). Another favourable question would be to did the company generate profits generated after deducting total costs and expense from the net sales? One way of answering this question well is for the managers to implement a cypher. A budget allow state the maximum costs and expenses that the company will pay and the projected net sales and collections of accounts receivables in advance (a month or more ahead of the actual use of the expenses and cots). The budget shows the estimated amounts that will occur in the future such as the budgeted sales, budgeted purchases, budgeted production, budgeted administration expenses, the budgeted marketing and promotion expenses, budgeted balance sheet and other budgets.In addition, the planning strategy using the what if this happens? , and the accompanying what must be done to win here? approach will be a very useful tool to plan for a future action to break up a future problem in ter ms of cost, expenses, sales, production and the like. To resolve this, the company must continuously update its information database because lack of information may result to a wrong decision or interpretation of data.