Incentives, effort, and the cognitive processes involved in accounting-related judgements

Article Abstract:

The relation of the cognitive processes inherent in making accounting judgements on the effectiveness of monetary incentives are examined. Encoding, retrieving and information combining processes are sensitive to increases in effort resulting from incentives and are thus useful in evaluating incentive plans and previous studies on this topic. The study assumes that increases in the cognitive effort expended in accounting tasks result from performance-contingent incentives. Such increases are possible only if the mechanism involved in such extrinsic rewards is sensitive enough to result in increases in effort. The results suggest that the impact of monetary rewards is jointly determined by the amount and type of incentive, the decision-maker's knowledge and accounting task structural level.

Psychological aspects, Incentives (Business)

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Capitalising on real strengths

Article Abstract:

The accountancy profession in the UK has been changing dramatically since the 1980s. The combination of rapid economic growth, increased merger and acquisition activities, the introduction of the Financial Services Act, and the economic integration of most of Europe has given rise to a plethora of international financial advisory conglomerates, turning accountancy from a mere profession to a profitable industry. It is pointless to question if these changes in the field of accountancy should have occurred since history cannot be altered. What is more important is to ask whether the profession is addressing the key issues it should be paying attention to, including accounting standards, professional integrity and accountability.

Cover Story

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Creating positive incentives for farm composting

Article Abstract:

Public and private organizations have promoted technical and economic incentive programs to encourage US farmers to adopt farm composting.In 1996, more than 8,000 farms in the US were composting manure, animal mortalities, crop residues and selected organic materials to manage their farm by-products. Composting poultry mortality accounts for 75% of total farm composting operations in the country. The factors that motivate farmers to compost, as well as the incentive programs conducted through partnerships between public and private organizations in several states are discussed.

Research, Compost

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