User Account Control (UAC) is a security feature introduced with Microsoft's Windows Vista and Windows Server 2008 operating systems, with a more relaxed version also present in Windows 7 and Windows Server 2008 R2. It aims to improve the security of Microsoft Windows by limiting application software to standard user privileges until an administrator authorizes an increase or elevation. In this way, only applications trusted by the user may receive administrative privileges, and malware should be kept from compromising the operating system. In other words, a user account may have administrator privileges assigned to it, but applications that the user runs do not inherit those privileges unless they are approved beforehand or the user explicitly authorizes.
User Account Control (UAC) features and Disabling Automatic creation of Administrative or "Hidden" shares are some of the security features of Windows Server 2008 and Windows 7 and Windows Vista, but it makes the user wondering about the cause of below UAC message flashing on his system, although that user is holding full administrative privileges on his/ her system. 
Tasks that trigger a UAC prompt:-
Some of the followin g tasks which require administrator privileges are mentioned below:-
• Running an Application as an Administrator
• Changes to system-wide settings or to files in %SystemRoot% or %ProgramFiles%
• Installing and uninstalling applications
• Installing device drivers
• Installing ActiveX controls
• Changing settings for Windows Firewall
• Changing UAC settings
• Configuring Windows Update
• Adding or removing user accounts
• Changing a user’s account type
• Configuring Parental Controls
• Running Task Scheduler
• Restoring backed-up system files
• Viewing or changing another user’s folders and files
• Running Disk Defragmenter
References:-
http://technet.microsoft.com/en-us/library/cc709628(WS.10).aspx
http://en.wikipedia.org/wiki/User_Account_Control