The emergence and spread of social networking services on Internet 1 is one of the most relevant phenomena to emerge in the field of new technologies in recent years. Appearing at the beginning of the 21st Century, in many cases starting out as communication tools for reduced groups of people in specific contexts, such as university students, some platforms have since expanded rapidly,…
All organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets. Publicized fraudulent behavior by key executives has negatively impacted the reputations, brands, and images of many organizations around the globe. Regula…
Traditionally, cost accounting is considered as the technique and process of ascertaining costs of a given thing. In sixties, the definition of cost accounting was modified as ‘the application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control and ascertainment of profitability of goods, or services’. It includes t…
The adequate implementation of an SMS by all RUs/IMs is a key element for success for the entire safety regulatory framework as foreseen by the Railway Safety Directive, since it forms the basis on which the National Safety Authorities (NSAs) issue safety certificates and safety authorisations. For the assessment of an SMS, NSAs can rely on the Regulations 1148/2010/EU2 and 1169/2010/EU3. Su…
Employer commitment to health and safety is the foundation on which effective safety management practices are built. Employers who are committed to health and safety, who involve their employees and who lead by example will usually create a safer working environment than employers who dictate changes to employees and who rely on paper-based systems that are not implemented into day-to-day workp…
Accenture 2013 Global Risk Management Study Many organizations say they want to make better use of analytics, but it is apparent that there is still plenty of ground to cover here. High-performance risk management organizations are taking a focused approach to embed analytics into their management processes. They are doing so by, among other measures, improving data quality and developi…
This report has been reviewed in draft form by individuals chosen for their diverse perspectives and technical expertise, in accordance with procedures approved by the National Research Council’s Report Review Committee. The purpose of this independent review is to provide candid and critical comments that will assist the institution in making its published report as sound as possible and to …
Modern economies are energy hungry and demand continues to grow inexorably across the globe . This can create enormous opportunities for energy firms, but it also entails significant challenges . Energy organizations face a uniquely broad range of risks across their activities, including project, operational, market, regulatory, environmental, socio-political and reputational risks . Tradition…
A management accounting tool is a framework, model, technique or process that enables management accountants to: improve performance; facilitate decision-making; support strategic goals and objectives; and otherwise add value. This is no understatement. At the time of writing there were over 12.9 million results from a Google search on ‘management accounting tools’. There is a huge array o…
Traditionally, cost accounting is considered as the technique and process of ascertaining costs of a given thing. In sixties, the definition of cost accounting was modified as ‘the application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control and ascertainment of profitability of goods, or services’. It includes the presen…
This revision of Principles of Accounting is based on an understanding of the nature, culture, and motivations of today’s undergraduate students and on extensive feedback from many instructors who use our book. These substantial changes meet the needs of these students, who not only face a business world increasingly complicated by ethical issues, globalization, and technology but who als…
The five identified federal agencies (Departments of Homeland Security, Commerce, Justice, and Transportation and Federal Communications Commission (FCC)) have to varying degrees, coordinated cybersecurity-related activities with state and local governments. These activities included (1) supporting critical infrastructure protection-related planning, (2) issuing grants, (3) sharing information…
Enterprise risk management (ERM) takes a broad perspective on identifying the risks that could cause an organization to fail to meet its strategies and objectives. In this Statement on Management Accounting (SMA), several techniques for identifying risks are discussed and illustrated with examples from company experiences. Once risks are identified, the next issue is to determine the root cause…