Statistic Analyses of Crimes in the UK Research Paper

Statistic Analyses of Crimes in the UK - Research Paper Example Data was collected from the government data portal (gov.uk). The portal has a database of historical data sets on all sorts of crime committed in UK. The figure below presents a time series plot for the number of robbery cases reported over a period of time (from 1970-2013). The graph shows that cases of robbery have been on rise from 1970 till close to 2005 when the cases began going down. In this section we describe the model used to predict the number of robberies (crime). This is an OLS model that has dependent variable (number of robberies) and two independent variables (unemployment rate and annual growth); This variable looked at the patterns of unemployment in the United Kingdom. Unemployment occurs when people are without work and actively seeking work.  The  unemployment rate  is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the  labor force. During periods of  recession, an economy usually experiences a relatively high unemployment rate.  The data was collected from the Office of National Statistics (ONS) which is the largest producer of official statistics and the recognized national statistical institute of the UK. It is a time series data spanning from 1970 to 2013. The graph shows no clear cut pattern but rather an up and down movement of the unemployment rate over the period. However, it is worth to note that the country had the least unemployment rate in 2005 but this changed and drastically increased during the global economic crisis that affected the world. The Gross Domestic Product (GDP) in the United Kingdom expanded 3 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in the United Kingdom averaged 2.04 Percent from 1970 until 2013, reaching an all-time high of 7.63 Percent in the first quarter of 1973 and a

Maintaining financial recorder Essay Example | Topics and Well Written Essays - 1500 words

Maintaining financial recorder - Essay Example All business require tangible fixed assets which are defined by IAS 16 as â€Å"tangible items that a) are held for use in the production or supply of goods or services for rental to others or for administrative purposes and b) are expected to be used during more than one period† (IASB 2008). Typically these include land, building, office, fixtures and fittings etc. which are deemed necessary to operate and carry out different activities. The fixed assets are for long term and their acquisition involves large amounts of funds which companies need to raise either through internal equity or by borrowing from financial institutions. Therefore, the authorization of the purchase of fixed assets requires delegation of authority to individuals who may be involved in maintaining fixed asset system or overlooking the entire purchase process. The procedures for the authorizing individuals of the purchase of fixed assets should be part of the company’s policy that should clearly s et out the positions and authority levels of individuals who can direct purchase of fixed assets. The delegation of authority depends upon the structure of the company and also relies on the nature of the business that the company is operating in. Capital expenditures which are beyond limits of individuals at departmental levels have to be authorized by the higher management. In addition to tangible fixed assets there are also intangible assets which include goodwill, brand, trademarks, copyrights which are purchase and authorize Asset acquisition typically initiates from the departmental manager assessment of the requirements of his / her department in terms of fixed assets to be purchased. These involve either purchase of a new asset or replace an existing one. The authorization of departmental managers is assigned and managed according to the price level of fixed assets that could be ordered. Departmental managers can authorize purchase of fixed assets