Calling in the analysts

Article Abstract:

The Institute of Chartered Accountants of Scotland (ICAS) recently sponsored a seminar for investment analysts to encourage them to find ways of improving corporate financial reporting. The Institute's 1988 publication 'Making Corporate Reports Valuable' (MCRV) mirrors its desire for a better reporting system. The seminar featured four formal speakers: UBS Phillips & Drew's Richard Hannah who talked about the difficulties encountered by financial report users, Paul Boyle of Coca-Cola & Schweppes Beverages who summarized the MCRV proposals and their impact, Derek Wilkinson of Scottish Newcastle Breweries who presented a firm's attitude to the proposals, and the Accounting Standard Board's Allan Cook who focused on the MCRV's concerns and current work program.

Accounting, auditing, & bookkeeping, Investment advice, Conferences, meetings and seminars, Investment advisers, Institute of Chartered Accountants of Scotland

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Accounting for the future

Article Abstract:

Improvements in the capabilities of PCs and business software, particularly the spreadsheet, have revolutionized financial reporting and made financial modelling much easier. Electronic spreadsheets made financial reporting accurate, speedy, and easy and allowed for more complex tasks to be undertaken by accountants. In time, new features were added, including graphics and macros, data and text handling, and financial functions. Financial modelling tools have been developed beyond simple spreadsheets that allow accountants to create decision support systems aiding planning, forecasting, and predictive modelling.

Usage, Software, Accounting and auditing, Economic forecasting, Accounting, Spreadsheets, Spreadsheet software, Accounting software

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