Accounting can improve labor-management negotiations

Article Abstract:

A five-year study was conducted to determine if there is truth to the argument that sharing of financial information between management and labor unions can improve industrial negotiations. During the study, a survey was administered and a series of workshops was held, both involving managers and labor members. Results revealed that there is an agreement between the two parties that sharing of financial information can improve their relations and ease the settlement of their negotiations. However, there was a disagreement over the amount of information that is shared with labor employees, although labor members did not actively pursue sharing. Dissatisfaction with the kinds of shared data and distrust were found among labor respondents. It was also found that employees are not sure about their ability to understand and use the data. For sharing to be effective, it should be done continuously.

Methods, Labor relations, Disclosure statements (Accounting), Labor arbitration, Information management

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Throwing good money after bad: what management accountants can do about it

Article Abstract:

Escalation behavior is demonstrated when an individual allocates additional resources to an existing project that is not exhibiting its anticipated outcomes. Escalation of commitment to losing programs, a phenomenon otherwise referred to as sunk-cost phenomenon and sunk-cost problem, is the result of the characteristics of either the project itself, the individual or the organization. Fortunately, there are way to reduce escalation commitment. One is to reduce the need for justification. Another requires the elimination of decision biases. Other techniques include the development of multiple feedback channels and outsource sources to quantify output and segmentation of projects into distinct parts before calculating the withdrawal cost of each segment to measure previous expenses before continuing.

Management, Project finance

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Promoting management accountants

Article Abstract:

The promotion probability of management accountants based on their education achievement, professional certification, prior experience and gender is examined. Results show that the type of degree earned by the management accountants influences their probability of being promoted. Likewise, whether or not they received certification as certified public or management accountants affected their promotion probability. Their prior experience in the field of public accounting also had an impact on their promotion probability. Lastly, their gender played a role in determining their promotion probability. This, however, applies only to accountants who were hired five years within graduation. There is no gender-related difference found for those who were hired within a year of graduation.

Appointments, resignations and dismissals, Accountants, Employee promotions

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