An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution—the Value Creation Report—and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making. While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making. Discover a new, comprehensive system of economic indicators Focus on strategic, value-creating resources in company valuation Learn how traditional financial documents are quickly losing their utility Find a path forward with actionable, up-to-date information Major corporate decisions, such as restructuring and M&A, are predicated on financial indicators of profitability and asset/liabilities values. These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.
ACCOUNTING FOR MANAGEMENT is concerned with providing information to managers, who live and work inside an organization. Learning of this book enables students know how managers make decisions so as to take their organizations to the path of prosperity. This book is designed as a comprehensive and analytical text book to fill the gaps created by the non- availability of good books on management accounting. The book describes theory and problems in simple and lucid way so that students can understand how to produce information that is useful in day to day decision making. The book is designed as a student-friendly text book. Also, this would prove to be very useful for the students who do not have basic knowledge of management accounting. A set of exercises with guide to answers is given at the end of each chapter so that students may have enough practice in the subject. Definitely, the book would be an invaluable asset for students at under graduate and post graduate levels.
It is the considered view of many that executives with background of accounting are comparatively with higher efficacy and success than others who have just the knowledge of the job alone.Though corporate world is ruling the industry, still non corporate undertakings play a significant role in the societies both in developing and developed economies. Most of the intermediary activity in the business such as trading is taken care of by small and medium enterprises which are either in the form of sole traders or partnership concerns. Further many of these organizations are dealing with sale of goods on installment and hire purchase basis. This book concentrates on giving inputs to such executives of undertakings for understanding accounting process of hire purchase, installments. Further it covers accounts of non trading concerns and concerns which are maintaining their accounts on single entry basis. this book on the hole destined to enables the managers and executives of non corporates to understand basic aspects of accounting of various issues as it has concentrated on giving inputs with many possible illustrations.
Public sector managers are constantly confronted by financial documents such as budgets, balance sheets and cash flow statements, yet most do not have a financial background. By approaching the subject from the point of view of how managers use the information, this book enables those studying or training to become public sector managers to get a better understanding of financial documents and communicate effectively with the financial people in their organization. A basic understanding of the principles and rules is instilled, in a concise way, and illustrations are used to encourage an appreciation for the value of financial information for decision making.
Managers of an organization need essentials and general understanding of what the management work entails and that knowledge can expand through reading theories, textbooks and literature. This analysis identifies the important management areas prioritize by today’s managers and recognizes the up to date comprehensive contribution of academic scholars and researchers to management accounting literature. Likewise, this undertakes the purpose of explaining, predicting and understanding the importance of management accounting research investigated by scholars and students in the academic discipline for managers and other users.
Multinational corporations as is known today did not appear until the 19th century, with the advent of industrial capitalism. The world economy has transformed to the extent that traditional value drivers are no longer relevant. New drivers the intangibles have emerged. Intangible assets like brands have a significant role to play in a company and are key drivers of growth in this information economy. Unfortunately the current reporting practices by most countries fail to provide adequate guidance to managers, investors or other accounting bodies with respect to valuation of the intangibles. Investors can only make vague guesses under this reporting system. Many companies attempt to measure value of these intangibles, they rarely publicize such number for the fear that inaccurate measurements and surprise write-offs may land them into trouble. This book highlights the significance of intangibles more specifically brands with regard to valuation, recognition and disclosure in the annual reports of corporations. Besides being an academic landmark, the work is expected to serve as a useful reference material for scholars and students of economics, commerce and policy makers.
The mutual funds in India have registered significant growth and emerged as important financial intermediaries during the past decade or so,manifested by increased mobilization of funds and the increasing number of schemes and investors. To fulfill the expectations of millions of unit holders, the mutual funds are required to function as successful institutional investors. Evaluating performance of mutual fund managers vis-a-vis such a goal, is important for both the investors as well as the fund managers. Fund managers in India,periodically publish various performance reports using standard measures,which may not actually reflect the true investment performance of the funds. The present study evaluated the performance of the equity mutual funds in India during the period from 2000 to 2006,using a new framework.A number of new performance indicators are used for the purpose,and it is hoped that this attempt should highlight the efficiency and true competence of fund managers and augment the existing framework for identifying successful fund managers. It should benefit the investors, regulators, fund managers and other participants in the mutual fund industry in general.
An insider's guide to understanding and eliminating accounting fraud How do these high-profile accounting scandals occur and what could have been done to prevent them. Hidden Financial Risk fills that void by examining methods for off balance sheet accounting, with a particular emphasis on special purpose entities (SPE), the accounting ruse of choice at Enron and other beleaguered companies. J. Edward Ketz identifies the incentives for managers to deceive investors and creditors about financial risk and also shows investors how to protect their investments in a world filled with accounting and auditing frauds. J. Edward Ketz, PhD (State College, PA) is MBA Faculty Director and Associate Professor of Accounting at Penn State's Smeal College of Business. He has been cited in the press nearly 300 times since Enron's bankruptcy, including The New York Times, The Wall Street Journal, and The Washington Post.. He has a regular column in Accounting Today.
The International Critical Commentaries has now been extended to cover the Biblical ‘Apocrypha', incorporating Baruch and the Epistle of Jeremiah. Upholding the traditions of the ICC series this volume will examine all the evidence and traditions available to scholars, incorporating both historical and new methods of study. David A. Teeter provides the commentary on Baruch, covering also the Epistle of Jeremiah. As befits an ICC, Teeter focuses on matters textual and philological. However, he also examines literary shaping and development of these two compositions as well as the dynamics of scriptural allusion and exegesis in these texts. Finally Teeter turns his attention to the purpose of these texts, and examines the implications of this for the study of early Judaism. For over one hundred years International Critical Commentaries have had a special place among works on the Bible. They bring together all the relevant aids to exegesis - linguistic, textual, archaeological, historical, literary, and theological - to help the reader understand the meaning of the books of the Old and New Testaments.
This book analyzes one of the most critical and eye-catching concepts of modern business world, intellectual capital. The research focuses on measurement, accounting and reporting of intellectual capital in Arcelik A.S. as a multinational company. It is believed that the study presents an ideal model to academicians, managers, researchers, graduate students, investors, experts and other stakeholders who are interested in intellectual capital. "Measurement, Accounting & Reporting of Intellectual Capital in Arcelik" contributes to the literature by utilizing different techniques, methods and models simultaneously for a more clear understanding of intellectual capital. Also, better decision making, more efficient management and right allocation of resources are additional benefits for the readers of this book . Success today is tightly related to completely discovering intangible assets, knowledge management and intellectual capital. Thus, "Measurement, Accounting & Reporting of Intellectual Capital in Arcelik" reveals that intangibles are a borderless ocean, which arms intelligent firms with the unique and competitive edge against rivals.
The book is written after having a vast experience in teaching cost and management accounting in Universities and Professional candidates. The book is prepared to meet the needs and expectations of those who have or little knowledge on Managerial Accounting. I am optimistic that this book will be suitable to other stakeholders such as Lecturers in Managerial Accounting, Cost and Management Accounting, practitioners, MBA students, Management Accountants and Managerial Managers. It is my opinion that the intended audience particularly undergraduate students and candidates preparing for professional exams will find this book very useful. The primary aim of the book is to provide a detailed in a simplified approach. The illustrations, diagrams and tables provided make it simple to grasp the knowledge. The textbook covers 15 topics which are arranged systematically. At the end of each topic, there are review questions to test reader’s understanding. Illustrations and review questions are in a case study form thus strengthen the readers understanding and interrogate it to the practical situations. Each topic therefore has been extensively covered.
For the recorded history of management, the world has managed value creation according to what can be seen, touched and proven. In today's knowledge-based economy, value creation is derived primarily from how well firms manage intangibles (knowledge, service, expectations, response time, innovation, change management, etc). The large capital outlays that signified the manufacturing economy are no longer required. In fact, such 'tangibles' now explain less than 20% of the value of most publicly listed firms. For example, Time Warner has only 6.49% of its value attributable to tangibles. As such, for every $1 of true value, only $0.065 cents is being measured and managed by conventional management practices. For Oracle Corporation, tangibles account for only 4% of its value. For General Electric (worth over US$450 billion), tangibles account for less than 11% of its value.Intention, context, emotional intelligence, escalation, and sustainability are words that are generally absent from the operational management techniques of managers worldwide. They form, however, the basis of skills required to manage organizations in today's knowledge-based economy. The authors investigate the ways that intangible values can be identified, measured, and managed. Their revolutionary and innovative taxonomy not only reveals fundamental differences between a manufacturing economy and one which creates value through knowledge, relationships, and time. By using case studies, a compelling mixture of theory and applications, and a set of accounting tools, the authors demonstrates how a new value framework can protect investors while giving companies the ability to generate long-term growth.*Shows how intangible values can be identified, measured, and managed*Presents a revolutionary and innovative taxonomy with a new set of accounting tools *Demonstrates with case studies how a new value framework can protect investors while enabling companies to generate long-term growth
This book provides a firm grounding in management and financial accounting for MBA students and practising managers. It focuses on the 'why' as well as the 'how to', equipping managers with the tools and knowledge necessary for generating and interpreting accounts.
Learn to apply the strategies of top hedge fund managers to your personal investment portfolio The most successful hedge fund managers and superstar investors outperform the markets impressively, while most fund managers—and individual investors as well—usually underperform the market averages. Based on the figures released by the Edgar System each quarter, this book analyzes the performance of hedge fund managers controlling at least $100 million in Assets Under Management to help other investors close the gap between themselves and the industry's top fund managers. With model portfolios that produced solid returns, examination of the tactics of the best fund managers, and a set of effective strategies for sound absolute returns, Profiting from Hedge Funds is the perfect guide for investors who want to improve their game by learning from the best. Includes fascinating insights into the investment styles of the most successful hedge fund managers Features model portfolios based on the holdings and activity of high-performing money managers Offers key lessons for success that work across all portfolios
Human Resources Accounting involves accounting for the company's management and employees as human capital that provides future benefits.The main objective of this book is to offer a suitable suggestions to adopt the Human Resources Accounting practices in a desired organizations and this is also covers the different approaches of valuation of human resources,review of Human Resources Accounting practices in different organizations and analyzed the perceptions of respondents on various Human Resources Accounting methods and issues,association of attributes of designation by test with the different variables of Human Resources Accounting. This book consist of wealth of statistical data and useful for planners,administrators,managers,policy makers,academicians and research scholars.The content and subject matter are unique,informative and impressive.