Exits and entrances

Article Abstract:

The discrepancy between sale values of private and public companies can be attributed to their differences in liquidity, purpose of ownership, future orientation, capital sources and complexity of operations. Typically, initial public offerings are valued higher than private sales mainly because the former has better marketability than the latter. Such a principle also explains why discounts for private values are often higher compared with that of public assets. Company values for public and public firms also have equal amounts, regardless of size differences, provided that neutralizing factors and valuation principles are applied.

Analysis, Finance, Private companies, Going public (Securities), Initial public offerings, Return on investment, Rate of return, Government ownership, Nationalization

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Like an open book

Article Abstract:

Open-book management theorizes that educating employees on how the company makes a profit increases the effectiveness and profitability of the business. To realize this, open-book management demands that firms share all crucial financial data with every employee, and make sure they comprehend the information. Companies should integrate the information from the financial statements with each employee's association to those statements.

Management Theory & Techniques, Planning, Business communication, Organizational communication

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Adding value to audits

Article Abstract:

Mastery of the current information technology offers a new way of providing assurance services that focuses on the customers' information needs. The improved quality of information helps customers in arriving at a more reliable decisions. But mastery of both the mechanical skill and the strategic implications of the skill are vital to serve the greater end of customer-oriented serivce.

Accounting, Auditing

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