Does my procurement organization already employ best-in-class practices, sophisticated tools with the right talent, and the necessary formal and informal cross-functional linkages? Some 50 to 90 percent of the companies that answer this question will respond “no.” On the one hand, this realization is a good indication of readiness for change and the acceptance that development is neede…
When the first edition of this book was published, nearly fifteen years ago, I began my preface by noting the growing importance of exchange rates in a world of increas- ing globalisation. A lot has happened to change the world’s financial landscape in that decade and a half. Perhaps the most notable events have been the establishment of the European Monetary Union, and the dramatic changes i…
“This book combines clear thinking and research into the purpose and role of accounting in organizations. Coupled with a deep understanding of Goldratt’s Theory of Constraints, the Casparis’ methodology focuses the enormous power of practical systems thinking in organizations. This book finally brings together the elements needed to truly implement and sustain a genuine process of ongoing…
An understanding of the principles of book keeping and accounting is essential for anyone who is interested in a successful career in busi ness. The purpose of bookkeeping and account ing is to provide information concerning the fi nancial affairs of a business. This information is needed by owners, managers, creditors, and governmental agencies.
When we think about the future of the modern state, we encounter a puzzling variety of scholarly diagnoses and prophecies. Some authors predict nothing less than the total demise of the state as a useful model for organizing society – its powers eroded by a dynamic global economy and by an increasing transference of political decision-making powers to supranational bodies. Others disagree p…
Anyone who has read a newspaper or watched the evening news in recent years is well aware that fraudulent financial reporting by big businesses has reached alarming levels. Equally startling is the frequency of fraudulent financial reporting by small businesses—as many bankers and government agencies will confirm—and even by non–business entities such as not-for- profit organizations.
Architects and other designers inhabit a curious borderland between the virtual and the physical. They have always been concerned with conjuring up things that don’t exist but might, imagining them in detail, and eventually finding ways to translate these visions into physical reality. Over the last half-century, computer-generated virtual worlds have played an increasingly crucial role i…
Firms that meet certain criteria can register debt or equity securities for issuance any time during the subsequent two years. This process is known as shelf registration. Key shelf registration qualification criteria include $75 million market capitalization held by outsiders, timely SEC filings, investment-grade ratings of debt, no defaults on debt payments, and listing on national stock ex…
The principal purpose of this book is to analyse where the West Europeans have succeeded or failed in their attempts at cooperation in defence procurement, and why. This chapter aims to give some political background to this analysis by looking, very selectively, at a few of the pressures which exist for West European collaboration in defence and security policy in general. Logically, the …
This paper examines the economic substance of a broad range of securities by investigating their association with systematic risk and prices. The analysis is motivated by continuing security innovation and its impact on hybrid security reporting. Based on a sample of 2,617 firms that reported minority interests or preferred stock during 1993–1997, the results indicate that redeemable prefer…
When comparing the penetration of e-procurement in large and medium Companies were found significant discrepancies. So have great Company e.Procurement almost invariably a successful, while only each fifth midsize businesses eProcurement uses. Nevertheless, in medium-sized Company savings potential available, the use of e-procurement by the can be realized. It follows a recognizable need f…
This book presents the proceedings of the European Symposium on Management, Quality and Economics in Housing and other Building Sectors held in Lisbon, from 30 September to 4 October, 1991. The Symposium was organized by the Civil Engineering Department of the Technical University of Lisbon (Instituto Superior Técnico), Portugal and the University of Salford, Surveying Department, United King…
Financial economics plays a far more prominent role in the training of economists than it did even a few years ago. This change is generally attributed to the parallel transformation in capital markets that has occurred in recent years. It is true that trillions of dollars of assets are traded daily in financial markets—for derivative securities like options and futures, for example—that h…
This volume draws on the knowledge of many regulators and utilities analysts around the world. Some of these experts are colleagues; others have provided work that we have used without benefit of collaboration. Regulatory accounting is a bur- geoning field of endeavor, and regulators are increasingly establishing and publishing regulatory accounting requirements and standards. Awareness of and …
Advances in Management Accounting (AIMA) is a professional journal whose purpose is to meet the information needs of both practitioners and academicians. We plan to publish thoughtful, well-developed articles on a variety of current topics in management accounting, broadly defined. Advances in Management Accounting is to be an annual publication of quality applied research in management accoun…
We present a review of the governmental capital markets research that has been conducted since Ingram et al. (1987). The review indicates that much of the research conducted in the last fifteen years involves the new issue bond market. Increased attention is also given to research in the secondary market. However, much of the secondary market research fails to examine the specific relationshi…
National and global macro econometric modelling has had a long and venerable history in the UK, with important implications for macroeconomic policy in general and monetary policy in particular. It is an activity that involves sustained research input of several investigators with a variety of skills. The present work is not an exception and its completion has required the enthusiasm and commit…
Governments and state-owned enterprises purchase a wide variety of goods, services and public works from the private sector, from basic computer equipment to the construction of roads. Public procurement is a key economic activity of governments that represents a significant percentage of the Gross Domestic Product (GDP) generating huge financial flows, estimated on average at 10-15% of GD…
Patients developing end stage renal disease can be treated by haemodialysis, peritoneal dialysis or transplantation. Kidney transplantation is now generally accepted as the primary therapy for chronic renal failure in most patients, with the exception of those who cannot tolerate immunosuppressive treatment or transplant surgery [1]. Many reasons justify the use of kidneys from living do…
The Air Force is in the process of significantly changing the way it purchases goods and services, with the goals of reducing costs and increasing performance to better support its missions. During spring 2002, SAF/AQC developed a Procurement Transformation Strategy that outlines a roadmap for changing the Air Force’s procurement policies, processes, personnel, and related technologies t…
The most imperative challenge facing a number of managers in recent years has been to regain lost market share and secure new competitive advantages. The impetus for this trend continues to be the ubiquitous tendency toward globalization and the ensuing intensification of international competition. Customer orientation, lean management and re-engineering are the buzzwords that characterize …