Reporting to Management
|
|
- Vanessa Clark
- 7 years ago
- Views:
Transcription
1 CHAPTER 31 Reporing o Managemen Inroducion The success or oherwise of any business underaking depends primarily on earning revenue ha would generae sufficien resources for sound growh. To achieve his objecive, he managemen should discharge is funcions efficienly and effecively. The reporing sysems are highly useful o he managemen for effecive planning and conrol. A regular sysem of reporing is considered as a beer guidance for promp decision making. Hence, i is necessary o have a good managemen reporing sysem. DEFINITION OF MANAGEMENT REPORTING According o Kohler reporing refers o "A body of informaion organized for presenaion or ransmission o ohers. I ofen includes inerpreaions, recommendaions and findings wih supporing evidence in he form of oher repors.", 'Managemen Reporing' may be defined as "A sysem of communicaion, normally in he wrien form, of facs which should be brough o he aenion of various levels of managemen who use hem o ake suiable acion." In oher words he process of providing informaion o he managemen is known as Managemen Reporing. The word "Informaion" refers o he daa processed or evaluaed for a specific purpose. Dr. Maheshwari has also defined Managemen reporing sysem as "an organized mehod of providing each manager wih all he daa and only hose daa which he needs for his decisions, when he needs hem and in a form which aids his undersanding and simulaes his acion." Objecives of Managemen Reporing (1) To obain he required informaion relaing o he business o discharge is managerial funcions of planning. organizing, conrolling. direcing, and decision making ec. efficienly and effecively. (2) To ensure he operaional efficiency of he concern. (3) To faciliae he maximum uilizaion of resources.
2 676 A Texbook of Financial Cos and Managemen Accouning (4) To secure indusrial undersanding among people who are engaged in various aspecs of work of enerprise. (5) To enable o moivaing improving discipline and morale. (6) To help he managemen for effecive decision making. Essenials of Good Reporing Sysem The following are he essenials of a good managemen reporing sysem : (1) Proper Form: A good repor should have a comprehensive form wih suggesive ile, heading, sub heading and number of paragraphs as and where necessary for easy and quick reference. (2) Conens : Simpliciy is one of he requisies of reporing in relaion o he conens of a repor. Furher he conens should follow a logical sequence. Wherever necessary he conens should be represened in he form of visual aids such as chars and diagrams ec. (3) Prompness : I means ha he sysem should ensure he preparaion and submission of repor a he proper ime. I faciliaes business execuives o make suiable decisions based on quick repors wihou delay. (4) Accuracy: Informaion conveyed should be accurae. This means ha he person responsible for reporing should have sufficien care in preparing he repor as correcly as possible wihin he parameers of possible accuracy in his regard. (5) Comparabiliy : In order o ensure ha he furnished informaion is useful, i is essenial ha repors are also mean for comparison. The repor should provide informaion abou boh he acual and he budgeed performance of he budge period. So ha meaningful comparison can be made o find ou he deviaions and o iniiae appropriae acion. (6) Consisency : In order o make a meaningful and useful comparison, uniform accouning principles and procedures should be followed on consisen basis over a period of ime for collecion, classificaion and presenaion of accouning informaion. (7) Relevancy : The repor should be presened wih relevan daa o disclose he fac in unambiguous erms. Because, inclusion of boh he relevan and he irrelevan daa in he managemen repors may resul in fauly decisions. Therefore, he conens expressed herein should reveal he reporer's greaer consciousness of expression wih reference o lengh and ime in paricular. (8) Simpliciy : The repor should be as far as possible in simple form. In oher words, he repor should avoid echnical jargons, duplicaion of work and presened in a simple syle. (9) Flexibiliy: The sysem should be capable of being adjused according o he requiremen of he users. (10) Cos-Benefi Analysis: Cos-Benefi Analysis should be made and he cos of reporing should commensurae wih he expendiure involved. (11) Principle of Excepion : Since he ime and effor of managerial personel are precious, he principle of managemen by excepion has become he rule of he day insead of excepion. I is necessary herefore o draw he aenion of managemen, hrough repors, only owards excepional maers. (12) Conrollabiliy : I is necessary ha every repor should be addressed o a responsibiliy cenre and analysed he facors ino conrollable and unconrollable separaely. So ha he head of he responsibiliy cenre can be held responsible only for conrollable variance bu no for variances which are beyond his conrol.
3 Reporing o Managemen 677 Furher, in order o assis he managemen o imiae remedial measures, probable reasons for he facors of unconrollable should also be incorporaed in he repors. Classificaion of Managemen Reporing Basically, here are wo ways o repor o he managemen. They are (1) Oral Repor and (2) Wrien Repor. The Wrien may be classified ino number of ways. The following are he imporan ypes: I. According o Objecs: (A) Exernal (B) Inernal (1) Mean for Top Managemen (2) Mean for Middle Level Managemen (3) Mean for Junior Level Managemen II. According o Period: (1) Rouine (2) Special III. According o Funcions: (A) Operaing (1) Conrol (2) Informaion (3) Venure Measuremen (B) Financial (1) Saic (2) Dynamic
4 The following char explains his more abou he ypes of reporing : Oral Types of Managemen Reporing Wrien J According o Objecs According o Period According o Funcions Exernal Inernal Rouine Special Operaing Financial To he Top Managemen J To he Middle Level Managemen To he Junior Level Managemen Conrol J Informaion! Venure Measuremen Saic Dynamic
5 Reporing o Managemen 679 According o Objec or Purposes (A) Exernal : These repors prepared for persons ouside he business such as Governmen. shareholders. bankers. invesors and financial insiuions ec. Exernal usually represen published annual repors. Annual of Trading. Profi and Loss Accouns and Balance Shee of he Indian Companies are o be prepared in erms of Schedule VI of he Indian Companies Ac of (8) Inernal : Inernal are hose which are prepared for inernal uses of differen level of managemen. I is also called as Managemen. These repors are no mean for disclosure o hose who are ousiders o he business. They do no have o comply wih any sauory requiremens. From he managerial poin of view he repors can be classified ino he following caegories : (1) Repor Mean for he Top Level of Managemen (2) Repor Mean for he Middle Level of Managemen (3) Repor Mean for he Junior Level of Managemen (1) Repor Mean for he Top Level of Managemen Top Level Managemen is concerned wih he formulaing policies planning and seing goals and objecives. This level of managemen consising of he Board of Direcors including Chairman. Managing Direcors. General Manager or any oher chief execuive as he case may be. The repor o his level of managemen should be specifically summarized wih all aspecs of operaing performance ogeher wih a comparison of acuals wih budgeed performance. The usual repors sen o his level of managemen are: (a) on budgeed and acual profi (b) on sales and producion (c) Capial budge (d) Maser budge (e) Periodical financial repors (f) Plan uilizaion repor (g) Machine and labour uilizaion repor (h) on research and developmen aciviies (i) Projec evaluaion repor G) Repor on sock of raw maerials, work in progress and finished goods (k) Overhead cos absorpion and efficiency repors (I) on selling and disribuion overhead. (2) Mean for Middle Level Managemen The Middle Managemen is consiued of he heads of all deparmens such as producion deparmen headed by producion manager. markeing deparmen headed by markeing manager and so on. This level of managemen is concerned wih he funcioning and conrol of heir deparmens. They ac mainly as coordinaing execuives o adminiser policies direcly hrough operaing supervisors and evaluae heir performance. Hence. hey may require more deailed informaion abou heir deparmens and a frequen inervals. Generally. he middle level managemen should receive he following repors a differen inervals:
6 680 A Texbook of Financial Cos and Managemen Accouning (a) Purchase Manager: (1) on maerial price and usage variance (2) on maerial carrying cos, loss of maerial in he sorage ec. (3) on rends in he peraining of various iems of maerials. (b) Maerials Manager: (1) on sock of raw maerials, work in progress and finished goods (2) on maerial wasage and losses (3) on sock of maerials planning and conrol (4) on level of maerials sock a he sores (5) on surplus and deficiency repor. (c) Producion Manager: (1) on budgeed and acual producion (2) on overime work and ideal ime (3) on labour uilizaion saemen (4) on machine uilizaion saemen (5) on scrap producion cos (6) on any acciden causing dislocaion of aciviy. (d) Sales Manager: (1) on budgeed and acual sales (2) on sales efficiency (3) on orders received and orders execued (4) on cash sales and credi sales (5) on sock of finished goods (6) on marke share and marke poenial (7) on sales promoion efficiency. (3) Mean for Junior Level Managemen The lower level managemen is direcly responsible for execuing various policies assigned by op managemen. This level of managemen is consiued of Foremen, Supervisors and secional in charges ec. They are in ouch wih he day-o-day performance of heir secion. The repor mean for his level are mainly in erms of physical unis. The usual repors sen o his level are : (1 ) on labour efficiency variance (2) on ideal ime, overime and machine uilizaion (3) on maerials usage variance (4) on credi collecions and ousanding
Performance Center Overview. Performance Center Overview 1
Performance Cener Overview Performance Cener Overview 1 ODJFS Performance Cener ce Cener New Performance Cener Model Performance Cener Projec Meeings Performance Cener Execuive Meeings Performance Cener
More informationDouble Entry System of Accounting
CHAPTER 2 Double Enry Sysem of Accouning Sysem of Accouning \ The following are he main sysem of accouning for recording he business ransacions: (a) Cash Sysem of Accouning. (b) Mercanile or Accrual Sysem
More informationUSE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES
USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES Mehme Nuri GÖMLEKSİZ Absrac Using educaion echnology in classes helps eachers realize a beer and more effecive learning. In his sudy 150 English eachers were
More informationChapter 1.6 Financial Management
Chaper 1.6 Financial Managemen Par I: Objecive ype quesions and answers 1. Simple pay back period is equal o: a) Raio of Firs cos/ne yearly savings b) Raio of Annual gross cash flow/capial cos n c) = (1
More informationImpact of scripless trading on business practices of Sub-brokers.
Impac of scripless rading on business pracices of Sub-brokers. For furher deails, please conac: Mr. T. Koshy Vice Presiden Naional Securiies Deposiory Ld. Tradeworld, 5 h Floor, Kamala Mills Compound,
More informationPremium Income of Indian Life Insurance Industry
Premium Income of Indian Life Insurance Indusry A Toal Facor Produciviy Approach Ram Praap Sinha* Subsequen o he passage of he Insurance Regulaory and Developmen Auhoriy (IRDA) Ac, 1999, he life insurance
More informationCourse Outline. Course Coordinator: Dr. Tanu Sharma Assistant Professor Dept. of humanities and Social Sciences Email:tanu.sharma@juit.ac.
Course Name : HUMAN RESOURCE MANAGEMENT Course Code: 10B1WPD75 Course Credi: (-0-0) Semeser: VII Course Type: Elecive (All B. Tech. sudens) Deparmen: Humaniies and Social Sciences Course Coordinaor: Dr.
More informationA Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation
A Noe on Using he Svensson procedure o esimae he risk free rae in corporae valuaion By Sven Arnold, Alexander Lahmann and Bernhard Schwezler Ocober 2011 1. The risk free ineres rae in corporae valuaion
More informationPROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE
Profi Tes Modelling in Life Assurance Using Spreadshees PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Erik Alm Peer Millingon 2004 Profi Tes Modelling in Life Assurance Using Spreadshees
More informationREGULATIONS OF THE COMPLIANCE UNIT 21/07/15
REGULTIONS OF THE COMPLINCE UNIT /07/5 5 CONTENT TITLE I. NTURE, OBJECT, ND MENDMENT ricle. Naure and Objec ricle. mendmen TITLE II. COMPOSITION ricle. Composiion and Posiions ricle 4. Direcor of Compliance
More informationAppendix D Flexibility Factor/Margin of Choice Desktop Research
Appendix D Flexibiliy Facor/Margin of Choice Deskop Research Cheshire Eas Council Cheshire Eas Employmen Land Review Conens D1 Flexibiliy Facor/Margin of Choice Deskop Research 2 Final Ocober 2012 \\GLOBAL.ARUP.COM\EUROPE\MANCHESTER\JOBS\200000\223489-00\4
More informationVector Autoregressions (VARs): Operational Perspectives
Vecor Auoregressions (VARs): Operaional Perspecives Primary Source: Sock, James H., and Mark W. Wason, Vecor Auoregressions, Journal of Economic Perspecives, Vol. 15 No. 4 (Fall 2001), 101-115. Macroeconomericians
More informationPRACTICES AND ISSUES IN OPERATIONAL RISK MODELING UNDER BASEL II
Lihuanian Mahemaical Journal, Vol. 51, No. 2, April, 2011, pp. 180 193 PRACTICES AND ISSUES IN OPERATIONAL RISK MODELING UNDER BASEL II Paul Embrechs and Marius Hofer 1 RiskLab, Deparmen of Mahemaics,
More informationMorningstar Investor Return
Morningsar Invesor Reurn Morningsar Mehodology Paper Augus 31, 2010 2010 Morningsar, Inc. All righs reserved. The informaion in his documen is he propery of Morningsar, Inc. Reproducion or ranscripion
More informationThe Real Business Cycle paradigm. The RBC model emphasizes supply (technology) disturbances as the main source of
Prof. Harris Dellas Advanced Macroeconomics Winer 2001/01 The Real Business Cycle paradigm The RBC model emphasizes supply (echnology) disurbances as he main source of macroeconomic flucuaions in a world
More informationWATER MIST FIRE PROTECTION RELIABILITY ANALYSIS
WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS Shuzhen Xu Research Risk and Reliabiliy Area FM Global Norwood, Massachuses 262, USA David Fuller Engineering Sandards FM Global Norwood, Massachuses 262,
More informationChapter 8: Regression with Lagged Explanatory Variables
Chaper 8: Regression wih Lagged Explanaory Variables Time series daa: Y for =1,..,T End goal: Regression model relaing a dependen variable o explanaory variables. Wih ime series new issues arise: 1. One
More informationDuration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613.
Graduae School of Business Adminisraion Universiy of Virginia UVA-F-38 Duraion and Convexiy he price of a bond is a funcion of he promised paymens and he marke required rae of reurn. Since he promised
More informationTSG-RAN Working Group 1 (Radio Layer 1) meeting #3 Nynashamn, Sweden 22 nd 26 th March 1999
TSG-RAN Working Group 1 (Radio Layer 1) meeing #3 Nynashamn, Sweden 22 nd 26 h March 1999 RAN TSGW1#3(99)196 Agenda Iem: 9.1 Source: Tile: Documen for: Moorola Macro-diversiy for he PRACH Discussion/Decision
More informationMarket Liquidity and the Impacts of the Computerized Trading System: Evidence from the Stock Exchange of Thailand
36 Invesmen Managemen and Financial Innovaions, 4/4 Marke Liquidiy and he Impacs of he Compuerized Trading Sysem: Evidence from he Sock Exchange of Thailand Sorasar Sukcharoensin 1, Pariyada Srisopisawa,
More informationManagement problems of electronic information resources: A case study of UNN Library
Vol. 5(5), pp. 126-133, June, 2013 DOI: 10.5897/IJLIS011.097 ISSN 2141 2537 2013 Academic Journals hp://www.academicjournals.org/ijlis Inernaional Journal of Library and Informaion Science Full Lengh Research
More informationThe Application of Multi Shifts and Break Windows in Employees Scheduling
The Applicaion of Muli Shifs and Brea Windows in Employees Scheduling Evy Herowai Indusrial Engineering Deparmen, Universiy of Surabaya, Indonesia Absrac. One mehod for increasing company s performance
More informationMechanical Fasteners Tensile and Shear Stress Areas
Mechanical Faseners Tensile and Shear Sress reas Lecure 28 Engineering 473 Machine Design Threaded Faseners Bol Threaded fasener designed o pass hrough holes in maing members and o be secured by ighening
More informationTHE EFFECT OF CORPORATE GOVERNANCE FACTORS ON CASH FLOW RESULTING FROM OPERATING ACTIVITIES AND FIRM FINANCING
An Open Access, Online Inernaional Journal Available a www.cibech.org/sp.ed/jls/2014/04/jls.hm Research Aricle THE EECT O CORPORATE GOVERNANCE ACTORS ON CASH LOW RESULTING ROM OPERATING ACTIVITIES AND
More informationCAPt. Print e-procurement: Changing the Face of the Printing Industry CAP VENTURES. Market Forecast for Web-Based Print e-procurement
Prin e-procuremen: Changing he Face of he Prining Indusry Marke Forecas for Web-Based Prin e-procuremen Buyers Crieria for Web Procuremen Opporuniies and Advanages for Prin Service Providers Profiles of
More informationBALANCE OF PAYMENTS. First quarter 2008. Balance of payments
BALANCE OF PAYMENTS DATE: 2008-05-30 PUBLISHER: Balance of Paymens and Financial Markes (BFM) Lena Finn + 46 8 506 944 09, lena.finn@scb.se Camilla Bergeling +46 8 506 942 06, camilla.bergeling@scb.se
More informationANALYSIS FOR FINDING AN EFFICIENT SALES FORECASTING METHOD IN THE PROCESS OF PRODUCTION PLANNING, OPERATION AND OTHER AREAS OF DECISION MAKING
Inernaional Journal of Mechanical and Producion Engineering Research and Developmen (IJMPERD ) Vol.1, Issue 2 Dec 2011 1-36 TJPRC Pv. Ld., ANALYSIS FOR FINDING AN EFFICIENT SALES FORECASTING METHOD IN
More informationUK Interface Requirement 2004
U Inerface Requiremen 2004 Privae Business Radio () Published: pril 2003 Versi:. 98/34/EC noificai number: 2000/070/U U Inerface Requiremen 2004 Blank Page U Inerface Requiremen 2004. Foreword. The Radio
More informationInvestigation of Human Resource Management Practices (HRM) in Hospitals of Jalgaon District
BUSINESS AND TECHNOLOGY (IJSSBT), Vol. 1,.2, FEBRUARY 213 Invesigaion of Human Resource Managemen Pracices (HRM) in Hospials of Jalgaon Disric Saroj B. Pail*; Dr. P.T.Choudhari** *Research Scholar, rh
More informationStatistical Analysis with Little s Law. Supplementary Material: More on the Call Center Data. by Song-Hee Kim and Ward Whitt
Saisical Analysis wih Lile s Law Supplemenary Maerial: More on he Call Cener Daa by Song-Hee Kim and Ward Whi Deparmen of Indusrial Engineering and Operaions Research Columbia Universiy, New York, NY 17-99
More informationBehavior Analysis of a Biscuit Making Plant using Markov Regenerative Modeling
Behavior Analysis of a Biscui Making lan using Markov Regeneraive Modeling arvinder Singh & Aul oyal Deparmen of Mechanical Engineering, Lala Lajpa Rai Insiue of Engineering & Technology, Moga -, India
More informationRisk Modelling of Collateralised Lending
Risk Modelling of Collaeralised Lending Dae: 4-11-2008 Number: 8/18 Inroducion This noe explains how i is possible o handle collaeralised lending wihin Risk Conroller. The approach draws on he faciliies
More informationSoftware Project Management tools: A Comparative Analysis
Sofware Projec Managemen ools: A Comparaive Analysis Mrs. Sonali Nemade Pad.Dr.D.Y.Pail A.C.S. College, Pimpri (India) sonali_namade@yahoo.co.in Mrs. Madhuri.A. Darekar Pad.Dr.D.Y.Pail A.C.S. College,
More informationIndividual Health Insurance April 30, 2008 Pages 167-170
Individual Healh Insurance April 30, 2008 Pages 167-170 We have received feedback ha his secion of he e is confusing because some of he defined noaion is inconsisen wih comparable life insurance reserve
More informationAppendix A: Area. 1 Find the radius of a circle that has circumference 12 inches.
Appendi A: Area worked-ou s o Odd-Numbered Eercises Do no read hese worked-ou s before aemping o do he eercises ourself. Oherwise ou ma mimic he echniques shown here wihou undersanding he ideas. Bes wa
More informationGUIDE GOVERNING SMI RISK CONTROL INDICES
GUIDE GOVERNING SMI RISK CONTROL IND ICES SIX Swiss Exchange Ld 04/2012 i C O N T E N T S 1. Index srucure... 1 1.1 Concep... 1 1.2 General principles... 1 1.3 Index Commission... 1 1.4 Review of index
More informationMarkit Excess Return Credit Indices Guide for price based indices
Marki Excess Reurn Credi Indices Guide for price based indices Sepember 2011 Marki Excess Reurn Credi Indices Guide for price based indices Conens Inroducion...3 Index Calculaion Mehodology...4 Semi-annual
More informationSHB Gas Oil. Index Rules v1.3 Version as of 1 January 2013
SHB Gas Oil Index Rules v1.3 Version as of 1 January 2013 1. Index Descripions The SHB Gasoil index (he Index ) measures he reurn from changes in he price of fuures conracs, which are rolled on a regular
More informationDiagnostic Examination
Diagnosic Examinaion TOPIC XV: ENGINEERING ECONOMICS TIME LIMIT: 45 MINUTES 1. Approximaely how many years will i ake o double an invesmen a a 6% effecive annual rae? (A) 10 yr (B) 12 yr (C) 15 yr (D)
More informationThe Effect of Working Capital Management on Reducing the Stock Price Crash Risk(Case Study: Companies Listed in Tehran Stock Exchange)
Inernaional Research Journal of Applied and Basic Sciences 2013 Available online a www.irjabs.com ISSN 2251-838X / Vol, 6 (9): 1222-1228 Science Explorer Publicaions The Effec of Working Capial Managemen
More informationMSCI Index Calculation Methodology
Index Mehodology MSCI Index Calculaion Mehodology Index Calculaion Mehodology for he MSCI Equiy Indices Index Mehodology MSCI Index Calculaion Mehodology Conens Conens... 2 Inroducion... 5 MSCI Equiy Indices...
More informationLEASING VERSUSBUYING
LEASNG VERSUSBUYNG Conribued by James D. Blum and LeRoy D. Brooks Assisan Professors of Business Adminisraion Deparmen of Business Adminisraion Universiy of Delaware Newark, Delaware The auhors discuss
More informationOutline. Role of Aggregate Planning. Role of Aggregate Planning. Logistics and Supply Chain Management. Aggregate Planning
Logisics and upply Chain Managemen Aggregae Planning 1 Ouline Role of aggregae planning in a supply chain The aggregae planning problem Aggregae planning sraegies mplemening aggregae planning in pracice
More informationInformation Systems for Business Integration: ERP Systems
Informaion Sysems for Business Inegraion: ERP Sysems (December 3, 2012) BUS3500 - Abdou Illia, Fall 2012 1 LEARNING GOALS Explain he difference beween horizonal and verical business inegraion. Describe
More informationSELF-EVALUATION FOR VIDEO TRACKING SYSTEMS
SELF-EVALUATION FOR VIDEO TRACKING SYSTEMS Hao Wu and Qinfen Zheng Cenre for Auomaion Research Dep. of Elecrical and Compuer Engineering Universiy of Maryland, College Park, MD-20742 {wh2003, qinfen}@cfar.umd.edu
More informationRelationships between Stock Prices and Accounting Information: A Review of the Residual Income and Ohlson Models. Scott Pirie* and Malcolm Smith**
Relaionships beween Sock Prices and Accouning Informaion: A Review of he Residual Income and Ohlson Models Sco Pirie* and Malcolm Smih** * Inernaional Graduae School of Managemen, Universiy of Souh Ausralia
More informationBuilding an E- Commerce Strategy for the Office Equipment and Printer Marketplace. CAPt CAP VENTURES
Building an E- Commerce Sraegy for he Office Equipmen and Priner Markeplace The Inerne is creaing a revoluion in he disribuion of office equipmen. New conceps and business models abound, and i seems cerain
More informationChild Protective Services. A Guide To Investigative Procedures
Child Proecive Services A Guide To Invesigaive Procedures The purpose of his brochure is o help you undersand he Child Proecive Services (CPS) reporing and response process. Please conac your CPS worker
More informationThe Grantor Retained Annuity Trust (GRAT)
WEALTH ADVISORY Esae Planning Sraegies for closely-held, family businesses The Granor Reained Annuiy Trus (GRAT) An efficien wealh ransfer sraegy, paricularly in a low ineres rae environmen Family business
More informationMACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR
MACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR The firs experimenal publicaion, which summarised pas and expeced fuure developmen of basic economic indicaors, was published by he Minisry
More informationDistributing Human Resources among Software Development Projects 1
Disribuing Human Resources among Sofware Developmen Proecs Macario Polo, María Dolores Maeos, Mario Piaini and rancisco Ruiz Summary This paper presens a mehod for esimaing he disribuion of human resources
More informationDETERMINISTIC INVENTORY MODEL FOR ITEMS WITH TIME VARYING DEMAND, WEIBULL DISTRIBUTION DETERIORATION AND SHORTAGES KUN-SHAN WU
Yugoslav Journal of Operaions Research 2 (22), Number, 6-7 DEERMINISIC INVENORY MODEL FOR IEMS WIH IME VARYING DEMAND, WEIBULL DISRIBUION DEERIORAION AND SHORAGES KUN-SHAN WU Deparmen of Bussines Adminisraion
More information4 Convolution. Recommended Problems. x2[n] 1 2[n]
4 Convoluion Recommended Problems P4.1 This problem is a simple example of he use of superposiion. Suppose ha a discree-ime linear sysem has oupus y[n] for he given inpus x[n] as shown in Figure P4.1-1.
More informationCRISES AND THE FLEXIBLE PRICE MONETARY MODEL. Sarantis Kalyvitis
CRISES AND THE FLEXIBLE PRICE MONETARY MODEL Saranis Kalyviis Currency Crises In fixed exchange rae regimes, counries rarely abandon he regime volunarily. In mos cases, raders (or speculaors) exchange
More informationARCH 2013.1 Proceedings
Aricle from: ARCH 213.1 Proceedings Augus 1-4, 212 Ghislain Leveille, Emmanuel Hamel A renewal model for medical malpracice Ghislain Léveillé École d acuaria Universié Laval, Québec, Canada 47h ARC Conference
More informationCALCULATION OF OMX TALLINN
CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN 1. OMX Tallinn index...3 2. Terms in use...3 3. Comuaion rules of OMX Tallinn...3 3.1. Oening, real-ime and closing value of he Index...3 3.2. Index
More informationAcceleration Lab Teacher s Guide
Acceleraion Lab Teacher s Guide Objecives:. Use graphs of disance vs. ime and velociy vs. ime o find acceleraion of a oy car.. Observe he relaionship beween he angle of an inclined plane and he acceleraion
More informationFifth Quantitative Impact Study of Solvency II (QIS 5) National guidance on valuation of technical provisions for German SLT health insurance
Fifh Quaniaive Impac Sudy of Solvency II (QIS 5) Naional guidance on valuaion of echnical provisions for German SLT healh insurance Conens 1 Inroducion... 2 2 Calculaion of bes-esimae provisions... 3 2.1
More informationTHE ROLE OF MANAGEMENT AS A USER OF ACCOUNTING INFORMATION: IMPLICATIONS FOR STANDARD SETTING
Accouning and Managemen Informaion Sysems Vol. 2, No. 2, pp.55 89, 203 H ROL OF MANAGMN AS A USR OF ACCOUNING INFORMAION: IMPLICAIONS FOR SANDARD SING Brigie IRL Universiy of Bamberg, Germany Wolfgang
More informationS&P 500 Dynamic VIX Futures Index Methodology
S&P 500 Dynamic VIX Fuures Index Mehodology April 2014 S&P Dow Jones Indices: Index Mehodology Table of Conens Inroducion 2 Highlighs 2 Family 2 Index Consrucion 3 Consiuens 3 Allocaions 3 Excess Reurn
More informationModule 3 Design for Strength. Version 2 ME, IIT Kharagpur
Module 3 Design for Srengh Lesson 2 Sress Concenraion Insrucional Objecives A he end of his lesson, he sudens should be able o undersand Sress concenraion and he facors responsible. Deerminaion of sress
More informationSegmentation, Probability of Default and Basel II Capital Measures. for Credit Card Portfolios
Segmenaion, Probabiliy of Defaul and Basel II Capial Measures for Credi Card Porfolios Draf: Aug 3, 2007 *Work compleed while a Federal Reserve Bank of Philadelphia Dennis Ash Federal Reserve Bank of Philadelphia
More informationSPEC model selection algorithm for ARCH models: an options pricing evaluation framework
Applied Financial Economics Leers, 2008, 4, 419 423 SEC model selecion algorihm for ARCH models: an opions pricing evaluaion framework Savros Degiannakis a, * and Evdokia Xekalaki a,b a Deparmen of Saisics,
More informationCHARGE AND DISCHARGE OF A CAPACITOR
REFERENCES RC Circuis: Elecrical Insrumens: Mos Inroducory Physics exs (e.g. A. Halliday and Resnick, Physics ; M. Sernheim and J. Kane, General Physics.) This Laboraory Manual: Commonly Used Insrumens:
More informationGrant Application Format
Gran Applicaion Forma Organizaions applying for Gran are requesed o submi his applicaion along wih he projec proposal o: The Program Manager Coca-Cola India Foundaion Enkay Towers, Udyog Vihar Phase V
More informationINTRODUCTION TO FORECASTING
INTRODUCTION TO FORECASTING INTRODUCTION: Wha is a forecas? Why do managers need o forecas? A forecas is an esimae of uncerain fuure evens (lierally, o "cas forward" by exrapolaing from pas and curren
More informationMolding. Injection. Design. GE Plastics. GE Engineering Thermoplastics DESIGN GUIDE
apple GE Plasics GE Engineering Thermoplasics DESIGN GUIDE Wall Thickness Paring Lines Ejecion Appearance Pars Ribs/Gusses Bosses Holes Depressions Radii, Filles and Corners Molding Design Injecion s for
More informationForecasting. Including an Introduction to Forecasting using the SAP R/3 System
Forecasing Including an Inroducion o Forecasing using he SAP R/3 Sysem by James D. Blocher Vincen A. Maber Ashok K. Soni Munirpallam A. Venkaaramanan Indiana Universiy Kelley School of Business February
More informationPredicting Stock Market Index Trading Signals Using Neural Networks
Predicing Sock Marke Index Trading Using Neural Neworks C. D. Tilakarane, S. A. Morris, M. A. Mammadov, C. P. Hurs Cenre for Informaics and Applied Opimizaion School of Informaion Technology and Mahemaical
More informationPackage SJP. Parameter Symbol Conditions Rating Unit Remarks Transient Peak Reverse Voltage V RSM 30 V Repetitive Peak Reverse Voltage, V RM 30 V
V RM = 30 V, I F(AV) = A Schoky Diode Daa Shee Descripion is a Schoky diode ha is low forward volage drop, and achieves high efficiency recificaion circui. Package SJP (2) Feaures Low Sauraion Volage High
More informationpolicies are investigated through the entire product life cycle of a remanufacturable product. Benefiting from the MDP analysis, the optimal or
ABSTRACT AHISKA, SEMRA SEBNEM. Invenory Opimizaion in a One Produc Recoverable Manufacuring Sysem. (Under he direcion of Dr. Russell E. King and Dr. Thom J. Hodgson.) Environmenal regulaions or he necessiy
More informationMultiprocessor Systems-on-Chips
Par of: Muliprocessor Sysems-on-Chips Edied by: Ahmed Amine Jerraya and Wayne Wolf Morgan Kaufmann Publishers, 2005 2 Modeling Shared Resources Conex swiching implies overhead. On a processing elemen,
More informationThe Impact of Promotional Mix Elements on Consumers Purchasing Decisions
Inernaional usiness and Managemen Vol. 8, No. 2, 2014, pp. 143-151 DOI:10.3968/4800 ISSN 1923-841X [Prin] ISSN 1923-8428 [Online] www.cscanada.ne www.cscanada.org The Impac of Promoional Mix Elemens on
More informationINTRODUCTION TO EMAIL MARKETING PERSONALIZATION. How to increase your sales with personalized triggered emails
INTRODUCTION TO EMAIL MARKETING PERSONALIZATION How o increase your sales wih personalized riggered emails ECOMMERCE TRIGGERED EMAILS BEST PRACTICES Triggered emails are generaed in real ime based on each
More informationEDUCATION POLICIES AND STRATEGIES
EDUCATION POLICIES AND STRATEGIES Naional Educaion Secor Developmen Plan: A resul-based planning handbook 13 Educaion Policies and Sraegies 13 Educaion Policies and Sraegies 13 Naional Educaion Secor Developmen
More informationTitle Manager System
Tile Manager Sysem Produc User Manual Sison Ld. 47 Wellingon Square, Hasings, TN34 1PN info@sison.com www.sison.com Table of Conens Inroducion... 3 Books... 4 Creaing a new ile record... 5 Tile... 5 Conribuor...
More informationModel-Based Monitoring in Large-Scale Distributed Systems
Model-Based Monioring in Large-Scale Disribued Sysems Diploma Thesis Carsen Reimann Chemniz Universiy of Technology Faculy of Compuer Science Operaing Sysem Group Advisors: Prof. Dr. Winfried Kalfa Dr.
More informationNewton s Laws of Motion
Newon s Laws of Moion MS4414 Theoreical Mechanics Firs Law velociy. In he absence of exernal forces, a body moves in a sraigh line wih consan F = 0 = v = cons. Khan Academy Newon I. Second Law body. The
More informationExperimental exploration of decision making in production-inventory system
Experimenal exploraion of decision making in producion-invenory sysem Felicjan Rydzak 1, Agaa Sawicka 2 1 Cenre for Advanced Manufacuring Technologies, Wroclaw Universiy of Technology, ul. Lukasiewicza
More informationForecasting, Ordering and Stock- Holding for Erratic Demand
ISF 2002 23 rd o 26 h June 2002 Forecasing, Ordering and Sock- Holding for Erraic Demand Andrew Eaves Lancaser Universiy / Andalus Soluions Limied Inroducion Erraic and slow-moving demand Demand classificaion
More informationIdealistic characteristics of Islamic Azad University masters - Islamshahr Branch from Students Perspective
Available online a www.pelagiaresearchlibrary.com European Journal Experimenal Biology, 202, 2 (5):88789 ISSN: 2248 925 CODEN (USA): EJEBAU Idealisic characerisics Islamic Azad Universiy masers Islamshahr
More informationChapter Four: Methodology
Chaper Four: Mehodology 1 Assessmen of isk Managemen Sraegy Comparing Is Cos of isks 1.1 Inroducion If we wan o choose a appropriae risk managemen sraegy, no only we should idenify he influence ha risks
More informationIdentify and ranking the factors that influence establishment of total quality management system in Payame Noor University of Lordegan
Idenify and ranking he facors ha influence esablishmen of oal qualiy sysem in Payame Noor Universiy of Lordegan Farhad Farhadi MA Suden, Deparmen of Managemen, Najafabad Branch, Islamic Azad Universiy,
More informationGroundwater Monitoring Requirements for managing aquifer response and quality threats
GW MATE Briefing Noe Series world bank Susainable : Conceps and Tools Susainable Conceps & Tools Briefing Noe Series Noe 9 Monioring Requiremens for managing aquifer response and qualiy hreas 2006 Auhors
More informationQuantity Surveyors career potential as construction project managers
December, 2. 6. 2013 Quaniy Surveyors career poenial as consrucion projec managers Michelle Burger Deparmen of Consrucion Economics Universiy of Preoria Preoria, Souh Africa michelle.burger@up.ac.za Absrac
More informationDopamine, dobutamine, digitalis, and diuretics during intraaortic balloon support
Dopamine, dobuamine, digialis, and diureics during inraaoric balloon suppor Sephen Slogoff, M.D. n his presenaion, should like o discuss some conceps of drug herapy for inraaoric balloon paiens. Figure
More informationTHE INTERPLAY BETWEEN DIRECTOR COMPENSATION AND CEO COMPENSATION
The Inernaional Journal of Business and Finance Research VOLUME 8 NUMBER 2 2014 THE INTERPLAY BETWEEN DIRECTOR COMPENSATION AND CEO COMPENSATION Dan Lin, Takming Universiy of Science and Technology Lu
More informationThis is the author s version of a work that was submitted/accepted for publication in the following source:
This is he auhor s version of a work ha was submied/acceped for publicaion in he following source: Debnah, Ashim Kumar & Chin, Hoong Chor (2006) Analysis of marine conflics. In Proceedings of he 19h KKCNN
More informationLINKING STRATEGIC OBJECTIVES TO OPERATIONS: TOWARDS A MORE EFFECTIVE SUPPLY CHAIN DECISION MAKING. Changrui Ren Jin Dong Hongwei Ding Wei Wang
Proceedings of he 2006 Winer Simulaion Conference L. F. Perrone, F. P. Wieland, J. Liu, B. G. Lawson, D. M. Nicol, and R. M. Fujimoo, eds. LINKING STRATEGIC OBJECTIVES TO OPERATIONS: TOWARDS A MORE EFFECTIVE
More informationImplementing 130/30 Equity Strategies: Diversification Among Quantitative Managers
Implemening 130/30 Equiy Sraegies: Diversificaion Among Quaniaive Managers Absrac The high degree of correlaion among he reurns of quaniaive equiy sraegies during July and Augus 2007 has been exensively
More informationOne dictionary: Native language - English/English - native language or English - English
Faculy of Social Sciences School of Business Corporae Finance Examinaion December 03 English Dae: Monday 09 December, 03 Time: 4 hours/ 9:00-3:00 Toal number of pages including he cover page: 5 Toal number
More informationOPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1
OPERAION MANUAL Indoor uni for air o waer hea pump sysem and opions EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 EKHBRD011ABY1 EKHBRD014ABY1 EKHBRD016ABY1 EKHBRD011ACV1 EKHBRD014ACV1 EKHBRD016ACV1 EKHBRD011ACY1
More informationMacroeconomic functions of the Russian stock market
December, 2. 6. 2013 Macroeconomic funcions of he Russian sock marke Adam Marszk Faculy of Managemen and Economics Gdańsk Universiy of Technology Gdańsk, Poland amarszk@zie.pg.gda.pl Absrac The purpose
More informationDOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR
Invesmen Managemen and Financial Innovaions, Volume 4, Issue 3, 7 33 DOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR Ahanasios
More informationCapacity Planning and Performance Benchmark Reference Guide v. 1.8
Environmenal Sysems Research Insiue, Inc., 380 New York S., Redlands, CA 92373-8100 USA TEL 909-793-2853 FAX 909-307-3014 Capaciy Planning and Performance Benchmark Reference Guide v. 1.8 Prepared by:
More informationANALYSIS AND ACCOUNTING OF TOTAL CASH FLOW
Annals of he Universiy of Peroşani, Economics, 12(1), 2012, 205-216 205 ANALYSIS AND ACCOUNTING OF TOTAL CASH FLOW MELANIA ELENA MICULEAC ABSTRACT: In order o reach he objecive of supplying some relevan
More informationWhy Did the Demand for Cash Decrease Recently in Korea?
Why Did he Demand for Cash Decrease Recenly in Korea? Byoung Hark Yoo Bank of Korea 26. 5 Absrac We explores why cash demand have decreased recenly in Korea. The raio of cash o consumpion fell o 4.7% in
More informationVida Mojtahedzadeh*, Seyed Hossein Alavi Tabari and Maryam Asgharzadeh Badr. Abstract
A Comparison beween Accouning, Business Adminisraion and Theoreical Economics Sudens on he Impac of Their Majors on Personal Saisfacion in Acquiring General Skills Vida Mojahedzadeh*, Seyed Hossein Alavi
More informationTHE LAW SOCIETY OF THE AUSTRALIAN CAPITAL TERRITORY
Complee he form in BLOCK LETTERS Provide deails on separae shees if required To Responden Address THE LAW SOCIETY OF THE AUSTRALIAN CAPITAL TERRITORY Personal Injury Claim ificaion pursuan o he Civil Law
More informationDescription of the CBOE S&P 500 BuyWrite Index (BXM SM )
Descripion of he CBOE S&P 500 BuyWrie Index (BXM SM ) Inroducion. The CBOE S&P 500 BuyWrie Index (BXM) is a benchmark index designed o rack he performance of a hypoheical buy-wrie sraegy on he S&P 500
More information