The design of Management Control Systems (MCS) in the context of financial institutions should be reconsidered with regards to their ability to improve organizational justice perceptions. Promoting organizational justice can help banks to build significantly more trust and influence employees’ behaviors in the best interest of the organization. Especially the design of Beyond Budgeting as a MCS that emphasizes social control mechanisms and facilitates autonomous working appears to be a promising concept for the design of future MCS in the context of financial institutions.
This book is about financial accounting and management control and how these two information systems are related as well as how their objectives conflict. At the most fundamental level, the objective of financial accounting is to provide owners and funders with comparable information on a company's value creation. The aim of management control, on the other hand, is to give the board, senior executives and employees unique information for strategy formulation and implementation. One often-mentioned negative effect is the risk of financial accounting affecting management control design and use, making it less relevant for decision-making at the company level. The book provides an analysis of the complex relationship between financial accounting and management control. The analysis is based on theoretical reasoning as well as several examples of how financial accounting standards affect not only the annual report but also the control system. An interesting, and perhaps unexpected conclusion is that management control seems to affect financial accounting almost as much as financial accounting affects management control. These complex relationships, which can influence the design and use of both financial accounting and management control, are discussed in detail in this book.
This post proeedings volume contains a selection of research contributions presented at FITraMEn 2008, held during December 11-12, 2008 in Porto, Portugal. The papers contained in this book provide a general view of the ongoing research on traffic management and traffic engineering in the Euro-NF Network of Excellence, and give a representative example of the problems currently investigated in this area, that spans topics such as bandwidth allocation and traffic control, statistical analysis, traffic engineering, and optical networks and video communications.
The papers in this book present various viewpoints on the design and - plementation of techniques for QoS engineering for Internet services.They were selected from more than 70 submissions to the 1st International workshop on “Quality of future Internet services” (QofIS) organized by COST Action 263. The main focus of the papers is on the creation, con?guration and deployment of end-to-end services over a QoS assured Internet using the IntServ (Integrated Services) and Di?Serv (Di?erentiated Services) models. The main technical p- gramme was completed by two keynote talks: IETF Chair Fred Baker opened the workshop with a discussion on major Internet development directions and Andrew M. Odlyzko of AT&T Labs Research gave the closing talk on Internet charging issues. The presentation of papers was organised in 9 sessions. The emphasis of Session 1 is on an assessment of the essential building blocks for a QoS assured Internet, i.e., queueing and scheduling, which basically de?nes the space for end-to-end services. The papers of this session discuss the bounds we may expect from these building blocks, the issues of queueing and scheduling management, and the parameters we need to tune in a dynamic implementation. Flow control and congestion control cannot be considered without regard to the dominating impact of TCP. The keyword of Session 2 is, therefore, Intern- friendly adaptation. Four papers in this session are complementary and together present an emerging understanding of a basic optimal area for such adaptation.
The handbook provides practical knowledge pertinent to civil society organizations. It is specifically designed to meet the demands of organizations in Central Europe and addresses lecturers, students, staff and volunteers of NPOs. Das Handbuch stellt praxisrelevantes Wissen zur Führung einer zivilgesellschaftlichen Organisation parat und ist speziell auf die besonderen Bedarfe Mitteleuropas abgestimmt.
Studies in Accounting and Finance: Contemporary Issues and Debates, useful for business executives, accounting and finance practitioners, researchers, and students discusses contemporary issues in accounting and finance. Topics discussed include globalization of accounting standards, accounting for financial instruments, fair value accounting, accounting for intangibles, corporate governance and accounting, accounting for social and environmental costs, accounting for employee stock option plans, obstacles to the development of high-quality accounting standards, small company reporting, accounting ethics, technology reporting, and global economic meltdown.
Bank Regulation: Effects on Strategy, Financial Accounting and Management Control discusses and problematizes how regulation is affecting bank strategies as well as their financial accounting and management control systems. Following a period of bank de-regulation, the new millennium brought a drastic change, with many new regulations. Some of these are the result of the financial crisis of 2008-2009. Other regulations, such as the introduction in 2005 of International Financial Reporting Standards (IFRS) for quoted companies in the EU, can be related to the introduction of a new global accounting regime. It is evident from annual reports of banks that the number of new regulations in recent years is high and that they cover many different functional areas. The objectives of these regulations are also ambitious; to improve governance and control, contributing to a high level of financial stability for banks. These objectives are obviously of great concern for an industry that directly and indirectly affects the financial situation not only of individuals and organizations but also nation states. Considering the importance of banks in society, it is of little surprise that the attention of both scholars and practitioners has been directed towards how banks comply with new regulations and if the intended objectives of the regulations are met. This book will be of great value to all those interested in financial stability matters (practitioners, policy-makers, students, academics), as well as to accounting and finance scholars.
The Welsh Government has set an ambitious and innovative path for regional development and public investment – one focused on generating growth and increasing productivity, while also reducing territorial disparities and ensuring the well-being of citizens, now and in the future. Yet, it faces significant challenges, accentuated by limited fiscal decentralisation and changes to public investment financing post-Brexit.
