Big Bang and jobs in the Scottish financial sector
Article Abstract:
The Big Bang that deregulated much of the London Stock Exchange has caused many financial advisers, investment specialists, and accountants to command higher salaries in London, but not in Scotland. The London financial services experts are receiving higher salaries from foreign firms that need to buy expertise and from domestic firms that realize such expertise is in short supply. Scotland's financial experts, many of whom operate on the London Exchange, are not commanding higher salaries, because the Scottish financial services industry has taken a more conservative approach to the Big Bang, and is not restructuring itself in order to gain larger market shares. In addition, Scottish financial advisers have a tradition of remaining with employers in order to establish a reputation that will allow them to command higher salaries, rather than trading up from employer to employer for incremental salary increases. Their London counterparts are more apt to job hop. In monetary terms, these Scottish traditions are the reason that newly certified accountants in London placed as financial or investment advisers receive average salaries of 30,000 pounds sterling, whereas Scottish accountants with the same employment receive closer to 15,000 pounds.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1987
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Accounting for the cost of central support services in UK universities: a note
Article Abstract:
Central support services occupy a huge portion of the operating budget of universities. Funding for these type of services ar usually accumulated by 'top slicing' the schools' sources of income. However, results from a survey conducted among various universities in the UK show that top slicing is slowly being replaced by other methods such as service level agreements, internal market prices and market testing through competitive tendering.
Publication Name: Financial Accountability & Management
Subject: Business
ISSN: 0267-4424
Year: 1997
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What makes public sector accounting different?
Article Abstract:
The differences between public sector accounting and standard accounting presents challenges to management accountants and the preparers of financial reports. A major role for the management accountant is to provide managers with the data that can be used for planning and control. Standard accounting methods are not so crucial to companies that do not make physically recognizable units of production for the market.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1985
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