The crunch for numbers
Article Abstract:
A recent study conducted by R. Scapens, S. Turley, J. Burns, L. Lewis, N. Joseph and A. Southworth indicates that British companies are increasingly using non-financial performance measures in their day-to-day decision making processes. While financial performance assessments continue to be part of accounting in these organizations, findings suggest that management focus is shifting from control functions usually associated with financial management to commercially-oriented operational and performance information. The study uncovered a wide variety of non-financial performance indicators being used. Their common characteristic is that they tend to be customer-focused. Some examples of such measures are the number of complaints and returns, number of on-time deliveries and level of customer satisfaction. Operational measures are also being used, such as rate of absenteeism, number of reworks, and scrap and wastage rates.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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Future research planning at the Institute
Article Abstract:
The Research Board of the Institute of Chartered Accountants in England and Wales is planning a number of research projects. The Board is funded by the Charitable Trusts division of the Institute via an annual grant. Areas that are priorities for research include: (1) guidelines for decisions in financial reporting, (2) auditing, (3) information technology (4) small business, (5) business development, (6) international comparisons, and (7) accounting standards. Besides its various research projects, the Research Board has created a research fellowship at the University of Southhampton for work investigating accounting and expert systems and risk assessment in computer-based accounting systems. Several research conferences have been held with a major one being planned for September, 1986 - International Influences on UK Accounting.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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Future scenarios for the profession
Article Abstract:
The results of a scenario analysis applied to the future of the accounting profession are discussed. The study was sponsored by the Institute of Chartered Accountants in England and Wales. Scenario analysis assumes that the future is uncertain, and that issues can not be considered in isolation. Scenario analysis looks at a range of possible outcomes, rather than trying to identify a best possible prediction. The three archetype scenarios described by the research group are discussed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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