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Exchequer
In the civil service of the United Kingdom, His Majesty’s Exchequer, or just the Exchequer, is the accounting process of central government and the government's '' current account'' (i.e., money held from taxation and other government revenues) in the Consolidated Fund. It can be found used in various financial documents including the latest departmental and agency annual accounts. It was the name of a British government department responsible for the collection and the management of taxes and revenues; of making payments on behalf of the sovereign and auditing official accounts. It also developed a judicial role along with its accountancy responsibilities and tried legal cases relating to revenue. Similar offices were later created in Normandy around 1180, in Scotland around 1200 and in Ireland in 1210. Etymology The Exchequer was named after a table used to perform calculations for taxes and goods in the medieval period. According to the '' Dialogus de Scaccario'' ('Dia ...
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Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the Cabinet of the United Kingdom, British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six Lords Commissioners of the Treasury, lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanle ...
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Henry II Of England
Henry II (5 March 1133 – 6 July 1189), also known as Henry Curtmantle (french: link=no, Court-manteau), Henry FitzEmpress, or Henry Plantagenet, was King of England from 1154 until his death in 1189, and as such, was the first Angevin king of England. King Louis VII of France made him Duke of Normandy in 1150. Henry became Count of Anjou and Maine upon the death of his father, Count Geoffrey V, in 1151. His marriage in 1152 to Eleanor of Aquitaine, former spouse of Louis VII, made him Duke of Aquitaine. He became Count of Nantes by treaty in 1158. Before he was 40, he controlled England; large parts of Wales; the eastern half of Ireland; and the western half of France, an area that was later called the Angevin Empire. At various times, Henry also partially controlled Scotland and the Duchy of Brittany. Henry became politically involved by the age of 14 in the efforts of his mother Matilda, daughter of Henry I of England, to claim the English throne, then occupie ...
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Henry I Of England
Henry I (c. 1068 – 1 December 1135), also known as Henry Beauclerc, was King of England from 1100 to his death in 1135. He was the fourth son of William the Conqueror and was educated in Latin and the liberal arts. On William's death in 1087, Henry's elder brothers Robert Curthose and William Rufus inherited Normandy and England, respectively, but Henry was left landless. He purchased the County of Cotentin in western Normandy from Robert, but his brothers deposed him in 1091. He gradually rebuilt his power base in the Cotentin and allied himself with William Rufus against Robert. Present at the place where his brother William died in a hunting accident in 1100, Henry seized the English throne, promising at his coronation to correct many of William's less popular policies. He married Matilda of Scotland and they had two surviving children, Empress Matilda and William Adelin; he also had many illegitimate children by his many mistresses. Robert, who invaded from Nor ...
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British Government Departments
The Government of the United Kingdom is divided up into departments. These, according to the government, are responsible for putting government policy into practice. There are currently 23 ministerial departments, 20 non-ministerial departments and 419 agencies and other public bodies. Ministerial departments Ministerial departments are generally the most high-profile government departments and differ from the other two types of government departments in that they include ministers. List Non-ministerial departments Non-ministerial departments are headed by civil servants and usually have a regulatory or inspection function. List Agencies and other public bodies Government departments in this third and final category can generally be split into five types: * Executive agencies, which usually provide government services rather than decide policy * Executive non-departmental public bodies, which do work for the government in specific areas * Advisory non-departme ...
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Consolidated Fund
In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund (as opposed to hypothecated taxes earmarked for specific purposes), and general spending is paid out of the consolidated fund. The British Consolidated Fund Establishment The British Consolidated Fund was so named as it consolidated together a number of existing accounts, detailed below, and facilitated proper parliamentary oversight of the spending of the executive; it was defined as "one fund into which shall flow every stream of public revenue and from which shall come the supply of every service". The Treasury established this account, formerly known as The Account of His Majesty's Exchequer, at the Bank of England where it remains to this day, and the legal term "Consolidated Fund" refers to the amount of credit held in this particular account ...
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Dialogus De Scaccario
The ''Dialogus de Scaccario'', or ''Dialogue concerning the Exchequer'', is a mediaeval treatise on the practice of the English Exchequer written in the late 12th century by Richard FitzNeal. The treatise, written in Latin, and known from four manuscripts from the 13th century is set up as a series of questions and answers, covering the jurisdiction, constitution and practice of the Exchequer. One academic said that "The value of this essay for early English history cannot be over-estimated; in every direction it throws light upon the existing state of affairs." It has been repeatedly republished and translated, most recently in 2007. Origin The treatise was most likely written by Richard FitzNeal, Lord High Treasurer of the Exchequer under Henry II. The date of the book is disputed; it describes six circuits of itinerant justices; academics argue, therefore, that it must have been written before 1179, when the number of circuits was reduced to four. This requires, however, that ...
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Dialogue Concerning The Exchequer
The ''Dialogus de Scaccario'', or ''Dialogue concerning the Exchequer'', is a mediaeval treatise on the practice of the English Exchequer written in the late 12th century by Richard FitzNeal. The treatise, written in Latin, and known from four manuscripts from the 13th century is set up as a series of questions and answers, covering the jurisdiction, constitution and practice of the Exchequer. One academic said that "The value of this essay for early English history cannot be over-estimated; in every direction it throws light upon the existing state of affairs." It has been repeatedly republished and translated, most recently in 2007. Origin The treatise was most likely written by Richard FitzNeal, Lord High Treasurer of the Exchequer under Henry II. The date of the book is disputed; it describes six circuits of itinerant justices; academics argue, therefore, that it must have been written before 1179, when the number of circuits was reduced to four. This requires, however, that ...
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Shire
Shire is a traditional term for an administrative division of land in Great Britain and some other English-speaking countries such as Australia and New Zealand. It is generally synonymous with county. It was first used in Wessex from the beginning of Anglo-Saxon settlement, and spread to most of the rest of England in the tenth century. In some rural parts of Australia, a shire is a local government area; however, in Australia it is not synonymous with a "county", which is a lands administrative division. Etymology The word ''shire'' derives from the Old English , from the Proto-Germanic ( goh, sćira), denoting an 'official charge' a 'district under a governor', and a 'care'. In the UK, ''shire'' became synonymous with ''county'', an administrative term introduced to England through the Norman Conquest in the later part of the eleventh century. In contemporary British usage, the word ''counties'' also refers to shires, mainly in places such as Shire Hall. In regions with ...
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Easter
Easter,Traditional names for the feast in English are "Easter Day", as in the '' Book of Common Prayer''; "Easter Sunday", used by James Ussher''The Whole Works of the Most Rev. James Ussher, Volume 4'') and Samuel Pepys''The Diary of Samuel Pepys, Volume 2'') as well as the single word "Easter" in books printed i157515841586 also called Pascha (Aramaic, Greek, Latin) or Resurrection Sunday, is a Christian festival and cultural holiday commemorating the resurrection of Jesus from the dead, described in the New Testament as having occurred on the third day of his burial following his crucifixion by the Romans at Calvary . It is the culmination of the Passion of Jesus Christ, preceded by Lent (or Great Lent), a 40-day period of fasting, prayer, and penance. Easter-observing Christians commonly refer to the week before Easter as Holy Week, which in Western Christianity begins on Palm Sunday (marking the entrance of Jesus in Jerusalem), includes Spy Wednesday (on whi ...
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Summons
A summons (also known in England and Wales as a claim form and in the Australian state of New South Wales as a court attendance notice (CAN)) is a legal document issued by a court (a ''judicial summons'') or by an administrative agency of government (an ''administrative summons'') for various purposes. Judicial summons A judicial summons is served on a person involved in a legal proceeding. Legal action may be in progress against the person, or the person's presence as witness may be required. In the former case, the summons will typically announce to the person to whom it is directed that a legal proceeding has been started against that person, and that a case has been initiated in the issuing court. In some jurisdictions, it may be drafted in legal English difficult for the layman to understand, while several U.S. states expressly require summonses to be drafted in plain English and that they must start with this phrase: "Notice! You have been sued." The summons announces a ...
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Treasurer
A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury of a country is the department responsible for the country's economy, finance and revenue. The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer. In Australia, the Treasurer is a senior minister and usually the second or third most important member of the government after the Prime Minister and Deputy Prime Minister. Each Australian state and self-governing territory also has its own treasurer. From 1867 to 1993, Ontario's Minister of Finance was called the Treasurer of Ontario. Originally the word referred to the person in charge of the treasure of a noble; however, it ha ...
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Audit
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report. Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effectiveness of risk management, control, and governanc ...
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