Role and place of integrated accounting in formation of institutional environment: problems of theory and practice

Directory of Open Access Journals (Sweden)

Olena Kolumbet

2015-05-01

Full Text Available Existing approaches to the construction of integrated accounting system are considered and its role in the system of economic entities is investigated in the articles. Limitations of traditional accounting system are revealed, identified benefits of an integrated accounting system are identified. It is analysed connection of all types of accounting, analysis and control over planning that allow considering them as functions of applied management which are similar in content, objectives and purposes

48 CFR 970.5232-8 - Integrated accounting.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Integrated accounting. 970... for Management and Operating Contracts 970.5232-8 Integrated accounting. As prescribed in 970.3270(b)(2), insert the following clause: Integrated Accounting (DEC 2000) Integrated accounting procedures...

Economic instruments and the environmental accounts

International Nuclear Information System (INIS)

Palm, Viveka; Larsson, Maja

2007-01-01

The Nordic countries have now had experience with environmental taxes and subsidies as a major component of their environmental policy over an extensive period of time. The Swedish System of Environmental and Economic Accounts (SEEA) include environmental taxes and subsidies as part of the official statistics. This article presents the accounts for taxes and subsidies, linked to the accounts for emissions data by industry. It demonstrates disparities between emissions and environmental taxes, as well as where industries or environmental problems are not regulated. The data show that in Sweden economic instruments are always aimed at particular actors or areas, and are never quite as comprehensive as recommended by economic theory. The environmental taxes are primarily aimed at fossil fuel use and related emissions, and have been mostly applied to the household sector and services sector, while industry often has been given exemptions due to concerns about international competition. The environmentally motivated subsidies are mainly directed to agriculture, fishing and research on renewable resources. A fully developed international data set on taxes and subsidies would provide a sound base for comparing the impact on international competitiveness. Eurostat is promoting the use of environmental accounts data for its member countries by harmonizing methods and engaging in publication of international comparisons. (author)

INTEGRATION OF GREEN ACCOUNTING INTO ROMANIAN ACCOUNTING SYSTEM

OpenAIRE

Mihaela Ungureanu

2012-01-01

The aim of this paper is to present the concept of green accounting, its emergence at an international level, its entry in the Romanian economic environment and, especially, the way it is understood and applied in Romania. It seeks the awareness of managers and accounting professionals on this issue, especially in the context of growing pressure for environmental protection, from the general public, media and investors. An essential role is held by the accounting profession and its relevant l...

Environmental accounting and statistics

International Nuclear Information System (INIS)

Bartelmus, P.L.P.

1992-01-01

The objective of sustainable development is to integrate environmental concerns with mainstream socio-economic policies. Integrated policies need to be supported by integrated data. Environmental accounting achieves this integration by incorporating environmental costs and benefits into conventional national accounts. Modified accounting aggregates can thus be used in defining and measuring environmentally sound and sustainable economic growth. Further development objectives need to be assessed by more comprehensive, though necessarily less integrative, systems of environmental statistics and indicators. Integrative frameworks for the different statistical systems in the fields of economy, environment and population would facilitate the provision of comparable data for the analysis of integrated development. (author). 19 refs, 2 figs, 2 tabs

Economic integration in the Americas

OpenAIRE

Uitdewilligen, G.

1997-01-01

This pioneering study shows that economic integration in the Americas is not simply a matter of removing trade barriers. Economic Integration in the Americas addresses the pervasive effects of economic integration on the economy as a whole.

Accounting for Peace and Economic Development in Nigeria, the ...

African Journals Online (AJOL)

Accounting for Peace and Economic Development in Nigeria, the Niger-Delta Case. ... roads, efficient communication systems, portable water, employment opportunities, ... Keywords: Accounting for peace; cost of peace keeping; Economic ...

Integrated economics

International Nuclear Information System (INIS)

Bratton, T.J.

1992-01-01

This article offers ideas for evaluating integrated solid waste management systems through the use of a conceptual cost overview. The topics of the article include the integrated solid waste management system; making assumptions about community characteristics, waste generation rates, waste collection responsibility, integrated system components, sizing and economic life of system facilities, system implementation schedule, facility ownership, and system administration; integrated system costs; integrated system revenues; system financing; cost projections; and making decisions

Business Intelligence Systems Accounting Integration in Romania. a Comparative Analysis

Directory of Open Access Journals (Sweden)

Daniela Postolache (Males

2010-12-01

Full Text Available Business Intelligence (BI systems have penetrated the Romanian market, providing a real decision support by integrating and synthesizing a large variety of information available in real time, anywhere in the world, including through mobile terminals. This study examines the BI solutions promoted in Romania through Internet sites written in Romanian, in terms of how the accounting information integration is done. Our paper highlights the most used economic and financial indicators and most often selected tools by BI systems developers to assist decisions. The writing bring forward the lack of transparency of the analyzed sites towards of configuration details of economic instruments, which we consider likely to delay the managers from Romania in order to become familiar with BI solutions, and it represent a weakness of this products promotion.

Study regarding the relevance of the accounting subjects in the economic vocational training of non-accountant specialists

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Galina Bădicu

2016-08-01

Full Text Available The responsibility for the skills of specialists in the economic field belongs to universities, which, by modernizing the curriculum, must take into account the requirements of the professional environment (employers, where the role of the economic specialist extends beyond narrow knowledge, flexibility and high capacity to address various problems. From this perspective, in order to enhance the role of the academic environment and to develop the professional skills of the graduating economists, it is necessary to correlate the competencies and the requirements about educational outcomes. With regard to the relevance of the accounting subjects in the professional training of non-accountant economic specialists, given the competing interests of universities, students and employers in the field of education, we proposed a debate with the view to design strategies of accounting education in the higher economic education of the Republic of Moldova. The article represents a study based on the documentation of the university curriculum in undergraduate programs. With the view to test and validate the necessity of studying accounting subjects in the professional training of non-accounting economic specialists, a questionnaire was developed and implemented. The general research idea refers to the need to study accounting in economic education and practice, which could have an impact over the competitiveness of the Economics graduate.

Accounting for all sugars produced during integrated production of ethanol from lignocellulosic biomass.

Science.gov (United States)

Schell, Daniel J; Dowe, Nancy; Chapeaux, Alexandre; Nelson, Robert S; Jennings, Edward W

2016-04-01

Accurate mass balance and conversion data from integrated operation is needed to fully elucidate the economics of biofuel production processes. This study explored integrated conversion of corn stover to ethanol and highlights techniques for accurate yield calculations. Acid pretreated corn stover (PCS) produced in a pilot-scale reactor was enzymatically hydrolyzed and the resulting sugars were fermented to ethanol by the glucose-xylose fermenting bacteria, Zymomonas mobilis 8b. The calculations presented here account for high solids operation and oligomeric sugars produced during pretreatment, enzymatic hydrolysis, and fermentation, which, if not accounted for, leads to overestimating ethanol yields. The calculations are illustrated for enzymatic hydrolysis and fermentation of PCS at 17.5% and 20.0% total solids achieving 80.1% and 77.9% conversion of cellulose and xylan to ethanol and ethanol titers of 63g/L and 69g/L, respectively. These procedures will be employed in the future and the resulting information used for techno-economic analysis. Copyright © 2016 Elsevier Ltd. All rights reserved.

Principles of accounting in the information space of foreign economic activity management

Directory of Open Access Journals (Sweden)

V.Yu. Gordopolov

2018-04-01

Full Text Available The article presents scientific results confirming the influence of the external environment on the need for revision of accounting principles in accordance with the characteristics of economic activity. A model of the relationship between the management system and the subsystem of accounting of the subject of foreign economic activity was developed. The study substantiates the approach to the formation of information in accounting, which indirectly depends on how the system of management of foreign economic activity at the enterprise is constructed. The influence of accounting information support on creation of the communication space of the system of management of foreign economic activity is determined. The directions of transformation of accounting principles of foreign economic operations in the context of the influence of the management system of foreign economic activity of the enterprise are presented. The article presents the proposed changes in the part of the transformation of accounting principles of foreign economic activity.

Skill-based immigration, economic integration, and economic performance

OpenAIRE

Aydemir, Abdurrahman

2014-01-01

Studies for major immigrant-receiving countries provide evidence on the comparative economic performance of immigrant classes (skill-, kinship-, and humanitarian-based). Developed countries are increasingly competing for high-skilled immigrants, who perform better in the labor market. However, there are serious challenges to their economic integration, which highlights a need for complementary immigration and integration policies.

Integrated material accountancy system

International Nuclear Information System (INIS)

Calabozo, M.; Buiza, A.

1991-01-01

In this paper we present the system that we are actually using for Nuclear Material Accounting and Manufacturing Management in our UO 2 Fuel Fabrication Plant located at Juzbado, Salamanca, Spain. The system is based mainly on a real time data base which gather data for all the operations performed in our factory from UO 2 powder reception to fuel assemblies shipment to the customers. The accountancy is just an important part of the whole integrated system covering all the aspects related to manufacturing: planning, traceability, Q.C. analysis, production control and accounting data

Economic and environmental efficiency using a social accounting matrix

International Nuclear Information System (INIS)

Morilla, Carmen Rodriguez; Diaz-Salazar, Gaspar Llanes; Cardenete, M. Alejandro

2007-01-01

This paper aims to show the utility of the so-called Social Accounting Matrix and Environmental Accounts (SAMEA) for economic and environmental efficiency analysis. The article uses the SAMEA for Spain in 2000, applied to water resources and greenhouse gas emissions. This matrix is used as a central core of a multisectorial model of economic and environmental performance, and it calculates the denominated 'domestics SAMEA multipliers' and their decomposition into characteristic, direct, indirect and induced effects. These multipliers show some evaluation of economic and environmental efficiency. Also, we present an application of these multipliers that demonstrates that there is no causal interrelation between those sectors with higher economic backward linkages and those with higher environmental deterioration backward linkages. (author)

Accounts for the Environment 2008

International Nuclear Information System (INIS)

2009-11-01

Economic developments have an impact on the environment. Environmental accounts describe the relationship between the Dutch economy and the environment. Because the environmental accounts are integrated with concepts from the national accounts, developments in the field of the environment and macro-economic developments in the Netherlands can be directly compared. Key indicators can also be derived from the environmental accounts; these provide an insight into the sustainability of the development of the environment and the economy. The integrated system makes it possible to quantify and analyse the underlying causes of changes in environmental indicators. These effects of changes in - among other things - economic growth, environmental efficiency and international trade can be expressed in figures. This publication presents the results of the environmental accounts developed by Statistics Netherlands. [nl

Modelling efficient innovative work: integration of economic and social psychological approaches

Directory of Open Access Journals (Sweden)

Babanova Yulia

2017-01-01

Full Text Available The article deals with the relevance of integration of economic and social psychological approaches to the solution of enhancing the efficiency of innovation management. The content, features and specifics of the modelling methods within each of approaches are unfolded and options of integration are considered. The economic approach lies in the generation of the integrated matrix concept of management of innovative development of an enterprise in line with the stages of innovative work and the use of the integrated vector method for the evaluation of the innovative enterprise development level. The social psychological approach lies in the development of a system of psychodiagnostic indexes of activity resources within the scope of psychological innovative audit of enterprise management and development of modelling methods for the balance of activity trends. Modelling the activity resources is based on the system of equations accounting for the interaction type of psychodiagnostic indexes. Integration of two approaches includes a methodological level, a level of empirical studies and modelling methods. There are suggested options of integrating the economic and psychological approaches to analyze available material and non-material resources of the enterprises’ innovative work and to forecast an optimal option of development based on the implemented modelling methods.

Effect Of Accounting Lecturer Lecturer Commitment To The Development Of Professional Accounting Empirical Study Lecturer Accounting Faculty Of Economics University Of Muhammadiyah Tangerang 2013

Directory of Open Access Journals (Sweden)

Endraria

2015-04-01

Full Text Available Abstract The purpose of the study in which the researcher is interested in conducting research by taking the title The Effect of Commitment Against Lecturer - Lecturer in Accounting Accounting Profession Development Empirical Study of Accounting Lecturer Faculty of Economics University of Muhammadiyah Tangerang in 2013 . This research was conducted at the Faculty of Economics University of Muhammadiyah Tangerang is located at Independence Pioneer Road I No.33 Cikokol Tangerang City. The experiment was conducted at the research site easily accessible for the author. The method used in this research is descriptive quantitative methods which aim to describe the descriptive method of data distribution of each variable.There are significant accounting lecturers commitment to the development of the accounting profession Empirical Study of Accounting Lecturer Faculty of Economics University of Muhammadiyah Tangerang in 2013 this is evidenced by the results of hypothesis testing that has been done obtained tcount ttable value 5.7193 and with a significance level of 5 and df n - 2 40-2 38 is equal to 1.686 with the statement concluded that t count t table. Thus Ha Ho accepted and rejected. The conclusion was that there are significant accounting lecturers commitment to the development of the accounting profession Empirical Study of Accounting Lecturer Faculty of Economics University of Muhammadiyah Tangerang in 2013. As for advice to be conveyed in this study is the government as a regulator should be able to evaluate the development of the accounting profession especially in Indonesia with the influence of commitment accounting lecturers are expected to improve and develop the accounting profession especially in the Faculty of Economics University of Muhammadiyah Tangerang.

Asian Economic Integration Monitor July 2012

OpenAIRE

Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB)

2012-01-01

The Asian Economic Integration Monitor is a semiannual review of Asia’s regional economic cooperation and integration. It covers 48 regional member countries of the Asian Development Bank. This issue includes a special section—Regional Integration: A Balanced View.

Comparative Analysis on Two Accounting Systems of Rural Economic Originations

Institute of Scientific and Technical Information of China (English)

2011-01-01

In order to normalize the financial account of two kinds of economic organizations,the comparative analysis is conducted on the Accounting System of Village Collective Economic Organization and Accounting System of Farmers’ Cooperatives(Trial) issued by the Ministry of Finance.The comparison points out that application and accounting principles of the two kinds of accounting systems are different.The differences and similarities of the five accounting elements are analyzed including property,liabilities,rights of owners,costs and profits and losses,as well as the reasons of the differences and similarities.Results show that both of the two accounting systems reflect the principles of simplification and clarification.The village collective accounting system works in rural village committee,which acts the administrative duties,the features of concerted benefits of it is showed.While the accounting system of farmers’ cooperatives is based on the village collective accounting system and combines the norms of accounting system of enterprises,so the system represents the demands of collaboration and profit-making.

FINANCIAL-ECONOMIC INTEGRATION AS A TOOL FOR INCREASE OF INVESTMENT SUPPORT OF AGRO-INDUSTRIAL PRODUCTION

Directory of Open Access Journals (Sweden)

E. R. Zakirova

2017-01-01

Full Text Available The article reveals the essence and systematizes the advantages of financial and economic integration. In the agro-industrial complex, this kind of integration contributes to attracting investments and reducing risks for investors, increasing the competitiveness and economic growth of the region. The relevance of the study is due to insufficiently researched remains many aspects of the functioning of integrated business systems in relation to individual industries, in particular, to agroindustrial production. The aim of the article is to study theoretical approaches to the essence of financial and economic integration in agro-industrial production and analyze the mechanism of investment support for the Russian agrarian sector, taking into account financial and economic integration. In preparing the article, general scientific methods of research were used: analysis and synthesis, generalization, comparison, classification. Results. The interpretation of financial and economic integration in Russian and foreign scientific publications is generalized. Distinctions of financial and economic integration are distinguished from other economic processes. The advantages of financial and economic integration for the economy and business entities are systematized. The importance of integrating industries and business entities in the agro-industrial complex, which is of strategic importance for ensuring Russia's food security, was noted. The branch structure of the agro-industrial complex is analyzed. The scheme of the integrated financial and economic mechanism in the agroindustrial complex is described. The importance of an optimal balance between cooperation and integration was underscored. The insufficiency of the methodological level of studies of agro-industrial integration is grounded. The components of the effect of financial and economic integration are considered. Positive effects of integration processes in the agroindustrial complex are

Harmonization of accounting in the process of globalization of economic activities

Directory of Open Access Journals (Sweden)

Floarea Georgescu

2014-03-01

Full Text Available Abstract. Once with the Romania adhering at the European Union the public accounting system was transformed and adapted according to the requirements imposed by the international public sector accounting standards (IPSAS.This fact had imposed the appearance of legislative norms and provisions adapted to the actual requirements, by taking into account the growing and complex level of economic activities where the irreversible process of globalization takes place. The changes due to the economic politics, especially the new configuration of the international economic relations, relations characterized by an intense and irreversible process of globalization, have conducted to the implementation of a unitary and uniform legislation, particularly for the member states of EU. The accounting reform has begun through the harmonization of legislation according to the requirements and provisions of International Accounting Standards and European Directives.  The ampleness and the rapid rhythm of informational society’s development have implicitly leaded to the development of accounting information’s importance and dimension. The decisive role of the accounting information had conducted to the accentuated growth of the interest, manifested at all informational society’s level, from the development of activities in financial and economical domain point of view. The accounting normalization process imposed the development of norms and provisions necessary to the drawing up of accounting documents, by defying methods and a specialized terminology, applied in the activity of entities and accounting specialists.

INTEGRATION OF GREEN ACCOUNTING INTO ROMANIAN ACCOUNTING SYSTEM

Directory of Open Access Journals (Sweden)

Mihaela Ungureanu

2012-03-01

Full Text Available The aim of this paper is to present the concept of green accounting, its emergence at an international level, its entry in the Romanian economic environment and, especially, the way it is understood and applied in Romania. It seeks the awareness of managers and accounting professionals on this issue, especially in the context of growing pressure for environmental protection, from the general public, media and investors. An essential role is held by the accounting profession and its relevant legislation, through the elaboration of standards and guidelines in order to support the efforts of changing the mentality of business environment. The companies are also concerned for the future and not only for the present and they understand that environmental investments are not unnecessary expenses that burden the activities, but long-term profits prerequisites.Understanding the concept is difficult without an agreement on its definition. Specialized literature presents different definitions, each author with his own interpretation and vision. This is why professional accountants' reluctance to adopt new ideas and practices of green accounting, this being an unknown territory to them and difficult to entered.

Accounting - a Normative Representation of Economic Reality?

Directory of Open Access Journals (Sweden)

Gianina Roman

2010-07-01

Full Text Available Accounting is currently a very dynamic field at international level. Accounting information or its derivatives comprise an important segment of the information conveyed in the economic environment. Therefore, accounting is considered by some authors as the most important information source of a nation. Widening and diversifying the request for information from the scope of financial accounting is generated by modernization and restructuring economy and society development as a whole. In these circumstances, accounting has a very important role. Establishing decision based on a real, pertinent, relevant, timely information system insures a performance administration, management of the current situation, with many phenomena of crisis. Accounting involves the perception of real which is based on a conceptual system, which means that the entire accounting system is based on a set of objectives, postulates, principles, rules and regulations. When different objects are placed in different areas, the differentiation between real and ideal is only formal.

Environmental Accounts of the Netherlands 2009

International Nuclear Information System (INIS)

2010-11-01

Economic developments have an impact on the environment. Environmental accounts describe the relationship between the economy and the environment. Because the environmental accounts are integrated with concepts from the national accounts, developments in the field of the environment and macro-economic developments in the Netherlands can be compared directly (see Statline for some key indicators). Key indicators can be derived from the environmental accounts that provide insight into sustainability with respect to the development of the environment and the economy. The integrated system makes it possible to quantify and analyse the underlying causes of changes in environmental indicators. The effects of changes in - among other things - economic growth, environmental efficiency and international trade can therefore be expressed in figures. This publication presents the results of the environmental accounts developed by Statistics Netherlands.

Institutional economics and economic organisation theory: An integrated approach

NARCIS (Netherlands)

Slangen, L.H.G.; Loucks, L.A.; Slangen, A.H.L.

2008-01-01

This publication presents one of the first attempts to integrate two emerging bodies of economic research: institutional economics and organizational theory. It begins within the framework of neoclassical economics, and then extends the boundaries of this framework to offer answers to questions that

Institutional economics and economic organisation theory : an integrated approach

NARCIS (Netherlands)

Slangen, L.H.G.; Loucks, L.; Slangen, A.H.L.

2008-01-01

This publication presents one of the first attempts to integrate two emerging bodies of economic research: institutional economics and organizational theory. It begins within the framework of neoclassical economics, and then extends the boundaries of this framework to offer answers to questions that

Economic integration and cross-border economic organizations: The case of San Diego-Tijuana

Directory of Open Access Journals (Sweden)

Jorge Eduardo Mendoza Cota

2017-01-01

Full Text Available The economic integration between the United States and Mexico has affected the economic, political and social relations in the border region. The paper seeks to relate the increasing economic integration and business cycles of the economies of San Diego and Tijuana to the development of both national and binational economic organizations in the border region. The methodology of analysis uses both statistical estimations of the economic integration of San Diego and Tijuana and semi-structured interviews of economic organizations to analyze the increasing economic integration and the role and achievements of the cross-border economic organizations. The results showed that cross-border cooperation is predominately controlled by federal and state governments on both sides of the border. However, the main achievements of cross-border economic cooperation have been accomplished by local private organizations. The perspective of further local economic development greatly depends on both the possibility of increased involvement of federal governments and the growing encouragement of regional organizations.

European Economic Integration

Science.gov (United States)

Huston, James A.

1971-01-01

Recounts the history and problems of European Economic Integration from the first post World War II organization, the OEEC, to the EEC (Common Market) and the EFTA. Suggestions for further reading are included. (JB)

ANALYZING THE INTEGRITY OF PUBLIC ACCOUNTANT AT “CEMERLANG” PUBLIC ACCOUNTANT FIRM IN SURABAYA (PHENOMENOLOGY STUDY

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Ratna Anggraini Aripratiwi

2017-12-01

Full Text Available This study aims to explore the deep meaning of the integrity attitudes that is experienced, felt, and performed by a public accountant in one of the famous KAP in Surabaya, KAP "Cemerlang". Revealing the attitude of the integrity of public accountant is important since there are large number of public accountants who are still dragged into fraud and violations, resulting in unethical decisions. Every public accountant has a different perspective in determining and practicing an attitude of integrity, whether to defend or even release it for a particular purpose that ultimately raises a variety of meanings of pure integrity and pragmatic integrity.

Implementing an EU system of accounting for ecosystems and their services. Initial proposals for the implementation of ecosystem services accounts (Report under phase 2 of the knowledge innovation project on an integrated system of natural capital and ecosystem services accounting in the EU)

OpenAIRE

LA NOTTE ALESSANDRA; VALLECILLO RODRIGUEZ SARA; POLCE CHIARA; ZULIAN GRAZIA; MAES JOACHIM

2017-01-01

The Knowledge Innovation Project on an Integrated system of Natural Capital and ecosystem services Accounting (KIP INCA) aims to work in line with the UN System of Environmental-Economic Accounting- Experimental Ecosystem Accounts (SEEA EEA) and also to propose how the approaches to accounting can be further developed based on experience in the EU. The Technical Recommendations of SEEA EEA make proposals on how to develop accounting tables of ecosystem extent, asset, condition and service sup...

THE MANAGEMENT ACCOUNTING TOOLS AND THE INTEGRATED REPORTING

Directory of Open Access Journals (Sweden)

Gabriel JINGA

2015-04-01

Full Text Available During the recent years the stakeholders are asking for other pieces of information to be published along with the financial one, such as risk reporting, intangibles, social and environmental accounting. The type of corporate reporting which incorporates the elements enumerated above is the integrated reporting. In this article, we argue that the information disclosed in the integrated reports is prepared by the management accounting, not only by the financial accounting. Thus, we search for the management accounting tools which are used by the companies which prepare integrated reports. In order to do this, we analytically reviewed all the reports available on the website of a selected company. Our results show that the company is using most of the management accounting tools mentioned in the literature review part.

Energy integration: Regional economic integration lever and possible insertion factor in the global economy

International Nuclear Information System (INIS)

Lokolo, M.C.

2001-01-01

In the 1920s, just after the War, an idea began taking root in the Old Continent, to build what could be described as the United States of Europe. Thirty years later, in 1951, a new source of energy, coal, paved the way for the economic integration of Europe. It culminated into monetary integration in January 2002. Economic integration makes sense in the context of the relatively small size of some national economies and markets, and the judicious utilization of rare resources and their unequal distribution. In this document, the author elaborated on the principles at play in economic integration and argued that the integration of the national energy markets could be the lever for economic integration through the gradual elimination of the various obstacles to trade. The author first presented a brief historical overview of economic integration from the perspective of global economic relationships, covering the period between the two world wars to the General Agreement on Tariffs and Trade (GATT) to the World Trade Organization (WTO). The concept and the forms of economic integration were reviewed. Energy integration as a lever of regional economic integration and as a factor in global economic insertion were discussed. Energy integration is a tool for the improvement of the human condition. 15 refs

ACCOUNTING INFORMATION INTEGRATION TROUGH AN ENTERPRISE PORTAL

Directory of Open Access Journals (Sweden)

Gianina RIZESCU

2014-06-01

Full Text Available If companies are lacking integrated enterprise software applications, or they simply do not use them on a large scale, accounting departments have to face lots of difficulties, concerning both the inflexibility in achieving good results and the limited possibility of communicating these results. Thus, most times, accounting departments are limited to generating predefined reports provided by a software application and the most they can do is export these reports into Microsoft Excel. Another cause which leads to late obtaining and publishing of accounting information is the lack of data from other departments and their corresponding software applications. That is why, in many enterprises, accounting data becomes irrelevant for the users. The main goal of this article is to show how accounting can benefit from an integrated software solution, namely an enterprise portal.

The Role of Accounting and Accounting Law in Establishing Public Economic Policies in the Post-crisis Period

Directory of Open Access Journals (Sweden)

Aurelian Virgil BĂLUŢĂ

2012-06-01

Full Text Available The following issues are being adressed in this paper: the relationship of accounting and accounting law with the local economy, the relationship of accounting and accounting law with macroeconomics, establishing public policies for certain categories of enterprises based on information provided by accounting and accounting law, the relationship of accounting and accounting law with macroeconomics foresight and forecast, the relationship of accounting and accounting law with the labor economy, the impact the wage regulations has on public economic policies under firm ownership change.

A critical review of regional economic integration in China

OpenAIRE

Wang RUI

2015-01-01

Under the circumstances of economic globalization, regional economic integration has become the mainstream of current economic development for each country, so China has to pay more attention to it. The critical review on regional economic integration in China can lay a certain foundation and provide experience for the in-depth research. Main contents of regional economic integration are refined according to the previous studies and realities, including the integration of regional economic re...

THE INSTITUTIONAL BARRIERS’ IMPACT ON THE ECONOMIC GROWTH IN THE INTERNATIONAL ECONOMIC INTEGRATION

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Iryna Prykhodko

2015-11-01

Full Text Available The purpose of the paper. In our study we try to assess the causality link between a number of the international economic integration politico-economic factors, institutions and basic production factors with the growth of the economy. We form a sample of 18 post-socialist countries, including Central and Eastern Europe (CEE countries-members the European Union, and the rest of CEE non-members countries and CIS countries, who have not acquired the membership in the EU, including Ukraine. The time period of our study is 23 years, starting from 1991 – the year of independence of Ukraine till 2013 – the last year for which statistics are published for our group of a corresponding list of indicators that make up our interest. In the estimating equation we use econometric analysis panel data by least squares method with fixed effects transformation to eliminate countries’ heterogeneity. In the study we use such determinant of the institutions quality as the Index of Economic Freedom (Heritage Foundation, and we investigate various components of the Index of Economic Freedom (freedom of ownership, freedom of trade, freedom from corruption, freedom of investment. We assume that institutions towards freedom of foreign trade and reducing corruption will have a greater effect on the economy of the investigated countries. It is advisable to attach to the international economic integration politico-economic factors the indicator of foreign trade taxation as a measure of tariff barriers, international aid programs of the foreign donors and the European institutions to assess their role for the economic growth of the countries surveyed, and we take into account the capital and the labor as the basic factors of production. Methodology. The methods of synthesis, logic, abstraction and analysis are used in the study. On a sample of 18 post-socialist countries (CEE and CIS for the period of 23 years (1991-2013 we had conducted the econometric panel analysis

An Accounting Method for Economic Growth

OpenAIRE

Hongchun Zhao

2012-01-01

As Chari et al. (2007) indicate, many growth theories explaining frictions in real economies are equivalent to a competitive economy, with some exogenous taxes. Using this idea, I developed an accounting method for identifying fundamental causes of economic growth. A two-sector neoclassical growth model with taxes is used as a prototype economy, and its equilibrium conditions define wedges. These wedges endogenously determine the long run growth rate, which is exogenous and not correlated wit...

Integrated Approach to User Account Management

Science.gov (United States)

Kesselman, Glenn; Smith, William

2007-01-01

IT environments consist of both Windows and other platforms. Providing user account management for this model has become increasingly diffi cult. If Microsoft#s Active Directory could be enhanced to extend a W indows identity for authentication services for Unix, Linux, Java and Macintosh systems, then an integrated approach to user account manag ement could be realized.

Accounts for the Environment 2007

International Nuclear Information System (INIS)

2008-01-01

The environment is strongly affected by economic developments. In the environmental accounts, the interrelationship between economy and environment is described in detail. Because the environmental accounts are consistent with the concepts of the national accounts, it is feasible to directly compare the physical and monetary flows of the environmental economic system. The environmental accounts provide key indicators which give insight into the sustainability of economic developments. The integrated system can be used to quantify and analyse the causes of changes in environmental indicators. For example, the effects of changes in economic growth, environmental efficiency and international trade are quantified. In this publication the results of the Dutch environmental accounts are presented. In this edition special attention is paid to the relation between the economy and climate change. Based on the results of environmental-economical analyses insight is given in the changes with regard to emission of greenhouse gases by businesses and households [nl

Islamic accounting reporting and economic development: Nigerian perspective

Directory of Open Access Journals (Sweden)

Ibrahim Alkali

2016-08-01

Full Text Available This paper discusses Islamic financial reporting system as practiced in many Islamic states for economic development. The issue of Islamic accounting among scholars provided evidence of economic benefits among the countries that have Islamic financial institutions (IFIs. The IFIs have been reported to be the fastest-growing sector in the world with a greater contribution of the global total bank assets. Although the Muslim population in Nigeria is large, the contribution or participation of Muslim towards IFIs is low compared to other countries like Bahrain, Saudi Arabia, Pakistan, and Syria. Furthermore, the accounting reporting in Nigeria is based on the International Financial Reporting Standards (IFRS for all listed firms in Nigeria, which includes IFIs, even though, IFIs apply dual reporting. Therefore, the need for the mandatory adoption of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI standards is significant in Nigerian for IFIs to function better. Several countries have made it mandatory for IFIs to adopt AAOIFI instead of IFRS. The need for IFIs firms to report on their accounting system as an alternative to the conventional, will not only enhance transparency, improve reporting disclosures, greater Muslim investors, but will also improve Nigerian stock market. Policy makers, governments, and the regulator should make it mandatory for all IFIs to adopt AAOIFI for financial reporting.

Regioinal Economic Integration in Africa ...

African Journals Online (AJOL)

Martha_B_H

At the third stage of economic integration common market is formed whereby, not only trade ..... Despite the long history of regional integration efforts in the continent, the level of ...... This enhances the feelings and thoughts of belongingness to.

Integration of Modern Information Technologies in the Field of Financial Accounting

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Adrian LUPASC

2011-11-01

Full Text Available Financial accounting activities are currently influenced as many other important areas that characterize and surrounds the activities within each economic entity, the avalanche of modern information technologies, which are able to improve specific business processes and to ensure future business success. Approach analysis of the impact of new technologies on this field should be so as a starting point to identify the opportunities and the benefits they would bring to specific activities. Information and communication technologies are in use both at the individual level and at the organizational level with the flexibility of the increasingly high, using a huge volume of information that financial accounting with direct impact on all human activities. Basically, it has already made the passage to a new stage:the global network society, whose main features are digitizing and interconnectivity. In this sense, this paper has as its main objective of examining the impact of modern information technologies may have on the financial accounting domain and the identification and submission directions for their integration within organizations.

The Evolution of the Accounting Practices During the Recent Economic Crisis: Empirical Survey Regarding the Earnings Management

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Cătălina Gorgan

2012-06-01

Full Text Available Financial markets rely on confidence and confidence is supported by the presumption that financial statements are accurate and reflect the economic reality. Financial scandals from 2001-2002 as well as the recent economic crisis have raised questions about the integrity of accounting information provided to investors and other categories of users. In this context, our study aims to analyze the extent to which financial reporting is involved in financial crisis and, on the other hand to outline the changes produced by the crisis in the quality of financial information reported by companies. The main objective of the paper consist in arguing that earnings management by discretionary accruals for big European companies decline during the recent economic crisis compared to previous period

Developing the organizational-economic relations during agricultural-industrial integration

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Svetlana A. Okladchik

2016-09-01

Full Text Available Objective to substantiate the need for economic integration of agricultural enterprises. Methods abstractlogical monographic. Results economic integration in agriculture is needed due to the destruction of economic relations in the period of economy liberalization and decrease in efficiency and productivity in agriculture. The solution to the problems of financing pricing and marketing of agricultural products lies in the sphere of forming integrative relations between enterprises producing processing and marketing agricultural products. Basing on the analysis of theoretical provisions the main forms of enterprises integration is identified such as contractual relationship without creating new legal entities formation of associations unions holding companies financialindustrial groups. It was found that the most effective are those forms of associations that form a complete closed cycle of production and sales i.e. holdings and financialindustrial groups. Basing on the analysis of the economic integration principles the necessity was determined of implementing the principle of stability of economic relations which will allow to overcome the crisis in the agrarian sector. In addition the author has formulated principles for the implementing the economic mechanism in integrated groups based on equality freedom and integrity of such groups. The key components of economic relations in terms of integration were identified ndash organizational unity of the technological process as well as the transformation of the interests of technologically related actors towards a common result. Scientific novelty the principle of stability of economic links during integration of agricultural enterprises was formulated. The necessity was proved of integrating the enterprises providing comparable levels of capacity utilization and the possibility of complete product sales as well as the necessity of forming integration relations as a single object of ownership

Theoretical Aspects of Cross-border Integration-based Economic Cooperation

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Bilchak V.

2014-09-01

Full Text Available In this article the author analyses theoretical aspects of border economy in the conditions of modern processes of integration. The author describes the existing schools and concepts of integration stressing the role of government regulation relating to the deformations in the development of the world economic mechanism. Modern studies focus on the evolution of integration processes, which has largely affected the key elements of the world economic mechanism from classical political economy, monopoly regulation. This resulted in monopolistic competition, imperfect competition, and oligopoly – largely, through all fields and poles of economic growth to certain elements of government regulation and social reproduction on the international scale. The author examines the key elements and stages of economic integration. These stages assume a number of consecutive forms: free trade zone, customs union, common market, complete economic integration, and economic union. The article shows that the transition occurs from the lowest to the highest stages — from the processes of integration involving, firstly, trade market and then capital and labour markets to the integration of social sphere. The theoretical aspects of all these transformations can be easily traced in the case of EU integration processes.

Environmental Accounting: Concepts, Practive and Assessment of Sustainable Development

OpenAIRE

Vardon, Michael; Harrison, Bob

2002-01-01

Quantitative assessment of sustainable development requires accounting for the depletion and degradation of natural resources and other environmental impacts of economic development. The United Nations System of Integrated Economic and Environmental Accounting (SEEA) provides a system that links economic activities to changes in the environment and natural resources. SEEA has guided the development of environmental accounts by the Australian Bureau of Statistics. This paper describes how SEEA...

Economic integration in NAFTA and the EU

DEFF Research Database (Denmark)

Bislev, Sven

This te×t critically analyzes the institutions of the EU and NAFTA. It covers both the general problems of building new and integrated markets, and several policy areas that are related to economic integration. The institutions established in both Europe and America are seen as deficient in several...... of the market economies institutions upon the integration process itself depends. This te×t analyzes the institutions of the EU and NAFTA. It covers both the general problems of building new and integrated markets, and several policy areas that are related to economic integration. The institutions established...

ACCOUNTING AND CONTROL AS SCIENCES AND ACADEMIC SUBJECTS IN ACCOUNTING AND ANALYTICAL EDUCATION

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V. Shvets

2014-09-01

Full Text Available The knowledge of accounting and control, analysis and audit as the main instruments of cognition and management functions is an integral part of economic education, science and practice and requires improving the training of the accounting personnel in accordance with the requirements of public administration and development of global information systems of business. Real European integration processes require high qualifications and competence of the teaching staff, the development of scientific schools, intellectualization of preparation of masters and PhDs based on the traditions of patriotism, democracy and self-sufficiency. We must form a new set of modern disciplines and economic specialties and optimize the network for universities on the basis of convergent-integrative structures (clusters in education on principles of transparency and openness. The priority should be the principle of continuity of professional and analytical accounting education for business managers and civil servants. Practical implementation of the Law of Ukraine "On Higher Education" and the principles of the Bologna Declaration while training specialists in accounting and auditing will somehow harmonize national education, improve and keep elements of own competitive advantages and enrich them by the best achievements of the world practice.

CLOUD ACCOUNTING – A NEW PARADIGM OF ACCOUNTING POLICIES

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Cristina PRICHICI

2015-04-01

Full Text Available In the current economic background companies invest in finding complete solutions for the integration of all business functions (sales, logistics, accounting aso., control, centralized coordination and harmonization of systems and financial management operations, data storage and resilience of services as well as cost savings. Technological trend of recent years brings forward the concept of cloud computing, an innovative model of processing and storage of data that allows companies to run business processes on IT infrastructures in conditions of economical optimization. Cloud computing allows companies to effectively and economically use IT applications and infrastructures through the model "use as you need and pay as you go". However, before deploying the data and applications in the virtual environment, organizations must take into account the implications of such a decision on the financial reporting process. In this respect, the paper aims to analyze the impact of cloud computing technology onthe main operational modules used for obtaining accounting data for financial reporting.

Regional integration, improving women's economic situation, and ...

International Development Research Centre (IDRC) Digital Library (Canada)

Regional integration, improving women's economic situation, and ... of the West African Economic and Monetary Union on their economic development, the ... production sectors, and commercialization networks affected by regional trade, the ...

How to account for irreversibility in integrated assessment of climate change?

International Nuclear Information System (INIS)

Ha Duong, M.

1998-04-01

How to account for irreversibility in integrated assessment of climate change? This Ph. D. thesis in Economics balances discounting, technical progress and the inertia of existing capital stock against uncertainty and the inertia of socio-economic systems to examine the issue of near term limitations of greenhouse gases emissions. After a general overview in chapter 2, and a more historical presentation of the debates in chapter 3, chapter 4 proceeds to review a large number of integrated assessment models. Chapter 5 introduces a Model on the Dynamics of Inertia and Adaptability of energy systems: DIAM, used to discuss how much previous studies might have overestimated the long term costs of CO 2 limitations and underestimated adjustment costs. It shows that, given a target date for atmospheric CO 2 concentration stabilisation, a higher inertia implies a lower optimal concentration trajectory. In a sequential decision framework, chapter 6 shows that current uncertainties about which CO 2 concentration ceiling would not present dangerous interference with the climate system justifies precautionary action. Finally, chapter 7 uses the irreversibility effect theory to define formally situations of decision under controversy and compare the irreversibility of CO 2 accumulation with the irreversibility of investments needed to moderate it. An option value for greenhouse gases emissions limitations is computed. (author)

Hospital-physician collaboration: landscape of economic integration and impact on clinical integration.

Science.gov (United States)

Burns, Lawton Robert; Muller, Ralph W

2008-09-01

Hospital-physician relationships (HPRs) are an important area of academic research, given their impact on hospitals' financial success. HPRs also are at the center of several federal policy proposals such as gain sharing, bundled payments, and pay-for-performance (P4P). This article analyzes the HPRs that focus on the economic integration of hospitals and physicians and the goals that HPRs are designed to achieve. It then reviews the literature on the impact of HPRs on cost, quality, and clinical integration. The goals of the two parties in HPRs overlap only partly, and their primary aim is not reducing cost or improving quality. The evidence base for the impact of many models of economic integration is either weak or nonexistent, with only a few models of economic integration having robust effects. The relationship between economic and clinical integration also is weak and inconsistent. There are several possible reasons for this weak linkage and many barriers to further integration between hospitals and physicians. Successful HPRs may require better financial conditions for physicians, internal changes to clinical operations, application of behavioral skills to the management of HPRs, changes in how providers are paid, and systemic changes encompassing several types of integration simultaneously.

Towards a consistent approach for ecosystem accounting

NARCIS (Netherlands)

Edens, B.; Hein, L.G.

2013-01-01

In spite of an increasing interest in environmental economic accounting, there is still very limited experience with the integration of ecosystem services and ecosystem capital in national accounts. This paper identifies four key methodological challenges in developing ecosystem accounts: the

Simulation, integration, and economic analysis of gas-to-liquid processes

International Nuclear Information System (INIS)

Bao, Buping; El-Halwagi, Mahmoud M.; Elbashir, Nimir O.

2010-01-01

Gas-to-liquid (GTL) involves the chemical conversion of natural gas into synthetic crude that can be upgraded and separated into different useful hydrocarbon fractions including liquid transportation fuels. Such technology can also be used to convert other abundant natural resources such as coal and biomass to fuels and value added chemicals (referred to as coal-to-liquid (CTL) and biomass-to-liquid (BTL)). A leading GTL technology is the Fischer-Tropsch (FT) process. The objective of this work is to provide a techno-economic analysis of the GTL process and to identify optimization and integration opportunities for cost saving and reduction of energy usage while accounting for the environmental impact. First, a base-case flowsheet is synthesized to include the key processing steps of the plant. Then, a computer-aided process simulation is carried out to determine the key mass and energy flows, performance criteria, and equipment specifications. Next, energy and mass integration studies are performed to address the following items: (a) heating and cooling utilities, (b) combined heat and power (process cogeneration), (c) management of process water, (c) optimization of tail gas allocation, and (d) recovery of catalyst-supporting hydrocarbon solvents. Finally, these integration studies are conducted and the results are documented in terms of conserving energy and mass resources as well as providing economic impact. Finally, an economic analysis is undertaken to determine the plant capacity needed to achieve the break-even point and to estimate the return on investment for the base-case study. (author)

Economic evaluation of integrated care: an introduction

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Hindrik Vondeling

2004-03-01

Full Text Available Background: Integrated care has emerged in a variety of forms in industrialised countries during the past decade. It is generally assumed that these new arrangements result in increased effectiveness and quality of care, while being cost-effective or even cost-saving at the same time. However, systematic evaluation, including an evaluation of the relative costs and benefits of these arrangements, has largely been lacking. Objectives: To stimulate fruitful dialogue and debate about the need for economic evaluation in integrated care, and to outline possibilities for undertaking economic appraisal studies in this relatively new field. Theory: Key concepts, including e.g. scarcity and opportunity costs, are introduced, followed by a brief overview of the most common methods used in economic evaluation of health care programmes. Then a number of issues that seem particularly relevant for economic evaluation of integrated care arrangements are addressed in more detail, illustrated with examples from the literature. Conclusion and discussion: There is a need for well-designed economic evaluation studies of integrated care arrangements, in particular in order to support decision making on the long-term financing of these programmes. Although relatively few studies have been done to date, the field is challenging from a methodological point of view, offering analysts a wealth of opportunities. Guidance to realise these opportunities is provided by the general principles for economic evaluation, which can be tailored to the requirements of this particular field.

Accounting In Malaysia In The Post-New Economic Policy (NEP) Era

OpenAIRE

Azham Md. Ali

2007-01-01

Following the economic recession in 1985-86 but prior to the Asian Financial Crisis in the third quarter 1997, accounting in Malaysia appeared to have been energised with major amendments of the Companies Act 1965, activation of the statutory accounting body Malaysian Institute of Accountants (MIA) and talks over the setting up the Malaysian Accounting Standards Board (MASB). This study attempts to find out the reality of these changes and the reasons behind this reality. By applying the p...

ANALYSIS OF INFLUENCE FACTORS OF ECONOMIC EFFICIENCY ON THE ECONOMY OF THE INTEGRATED STRUCTURES

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I. P. Bogomolova

2014-01-01

Full Text Available Currently in Russia, special attention is paid to the food industry, providing a key influence on the state's economy and food security of the country. The food industry not only creates substantial part of the gross domestic product, which is one of the main sources of fillings budgets of all levels, and contributes to the strengthening of the state in world markets. These circum-stances make it necessary to increase the efficiency of industrial structures by mobilizing factors affecting the economy of enterprises, including by shifting emphasis on the integration of food industry enterprises in General competitiveness of the goods produced, the stability of the entire industry, its leading industries and organizations. The article substantiates the expediency of application of integrated structures, discusses the methods and tools of analysis of influence factors of economic efficiency on the economy of inte-grated structures. Evaluation is recommended in two key areas: assessment of the financial condition and evaluation of training and development of staff, taking into account the strategic objectives of integrated structures. The analysis makes it possible to correctly allocate financial resources and to achieve balanced economic performance management through more effective use of credit re-sources, the rational management of economic parameters optimization of the number of employees and production capacity.

INTEGRATION LEVEL OF FINANCIAL AND MANAGEMENT ACCOUNTING SYSTEMS WITH THE ACCOUNTING CONVERGENCE PROCESS AND THE EFFECTIVENESS OF CONTROLLERSHIP

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Andréia Carpes Dani

2014-09-01

Full Text Available This study aims to verify the integration level between the financial and management accounting systems as a result of the convergence process with the international accounting standards and of the effectiveness of controllership in Brazilian companies. A descriptive research was undertaken, based on the application of the questionnaire by Angelkort and Weißenberger (2011 to the 500 Best and Biggest of Revista Exame, issue 2011, using a sample of 32 companies that answered the research. The correlations between the integration level of the financial and management accounting systems and the variables “consistency of financial language”, “quality of services provided” and “degree of influence in decision making”, during the convergence period with the international accounting standards, were positive and moderate. It was also observed that the period before the accounting convergence (2004 till 2007 showed a better integration level of the financial and management accounting systems than the accounting convergence period (2008 till 2011. In conclusion, the accounting convergence process increased the integration level of the financial and management accounting systems in the investigated companies, as well as the effectiveness of controllership, particularly in the consistency of the financial language, in the quality of the services provided and in the influence of the controllers’ services on these companies’ decisions.

Synthesis of integrated absorption refrigeration systems involving economic and environmental objectives and quantifying social benefits

International Nuclear Information System (INIS)

Lira-Barragán, Luis Fernando; Ponce-Ortega, José María; Serna-González, Medardo; El-Halwagi, Mahmoud M.

2013-01-01

This paper presents a new methodology for energy integration of systems that require absorption refrigeration. It allows heat exchange among process hot and cold streams and the integration of excess process heat as well as external utilities provided by solar energy, fossil fuels and biofuels. An optimization formulation is developed to address the multiple objectives of simultaneously minimizing the total annualized cost and the greenhouse gas emissions while the social impact is measured by the number of jobs generated by the project in the entire life cycle. The economic function accounts for the tax credit obtained by the reduction of greenhouse gas emissions when cleaner technologies are used. The proposed model also considers the optimal selection of different types of solar collectors and the optimal time-based usage of solar energy, fossil fuel, and biofuel. Two example problems are presented to show the applicability of the proposed methodology. -- Highlights: ► An approach for the thermal integration of refrigeration processes is proposed. ► Different forms of sustainable energies are considered in the optimization process. ► Economic and environmental objectives are considered quantifying the number of jobs. ► The availability for the different forms of energy is taken into account. ► Results show significant advantages obtained with the proposed approach

Cartel Stability and Economic Integration

OpenAIRE

Philipp J. H. Schröder

2004-01-01

This paper investigates the effect of economic integration on the ability of firms to maintain a collusive understanding about staying out of each other?s markets. The paper distinguishes among different types of trade costs: ad valorem, unit, fixed. It is shown that for a sufficient reduction of ad valorem trade costs, a cartel supported by collusion on either quantities or prices will be weakened, thus integration is pro-competitive. If integration consists of a reductions in unit (fixed) t...

System of environmental and economic accounting for water pollution and the result analysis

Science.gov (United States)

Tan, Yarong

2017-10-01

With the gradual acceleration of China's industrialization process, the environmental pollution caused by industrial production is more and more serious, especially water pollution. To construct a System of Environmental and Economic Accounting for water pollution, to a certain extent, can promote the green development of national economy in China. The System of Environmental and Economic Accounting for water pollution is analyzed and studied in this paper.

Building social and economic capital: the family and medical savings accounts.

Science.gov (United States)

Cherry, Mark J

2012-12-01

Despite the well-documented social, economic, and adaptive advantages for young children, adolescents, and adults, the traditional family in the West is in decline. A growing percentage of men and women choose not to be bound by the traditional moral and social expectations of marriage and family life. Adults are much more likely than in the past to live as sexually active singles, with a concomitant increase in forms of social isolation as well as in the number of children born outside of marriage. These social shifts are also connected to public policies that provide incentives for individuals to exit the family, leaving behind its social, capital, and economic resources. The individualistic character of the social-democratic egalitarian ideology that underlies the current dominant approaches to health care financing in Western Europe and much of North America, for example, is associated with a decline in family stability. Welfare entitlements, including state-based health care, have made it easier to exit the family, undermining the centrality of the family's core human relationships. This essay argues for the importance of recognizing the cardinal role and reality of the family and for the importance of family-based health care savings accounts for preserving family integrity, while also providing for sustainable long-term health care reform.

Integrating Forensic Accounting Core Competency into the Study of Accounting. Case of Nigeria Tertiary Institutions

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Samuel F. Johnson-Rokosu

2015-09-01

Full Text Available Fraud and forensic accounting education is a necessity in very corrupt corporate and government institutions across the globe. Accounting educators have been pressured to make changes to the accounting curriculum and to include courses in forensic accounting and fraud examination by professional organizations and legislators as fraud cases have mounted and academic were criticized for not preparing their students for this professional environment. Accounting graduate trained under the existing curriculum exhibit lesser knowledge, skills and abilities in fraud detection, prevention and deterrence. This study therefore examined the philosophical beliefs, behavioural science concepts and approaches that can be adopted in integrating a fraud/ forensic accounting (FFA into existing accounting curriculum. The study adopted mixed research methods, content analysis and quantitative method of data analysis was employed. This paper basically made use of the content analysis in analyzing the content of the existing accounting curriculum in Nigeria universities. This study involved selected universities in South West region of Nigeria using survey research method. Findings in this study revealed that most respondents would prefer integrating fraud/forensic accounting education into accounting curriculum by offering a separate fraud/forensic accounting courses. Also, the study revealed that fraud/ forensic accounting education has positive impact on student expertise, skepticism and fraud judgment. The study identified the following consideration that Accounting course developers need to consider before, during and after curriculum revision. Involvement of faculty; consider stakeholders opinion; accreditation agencies’ and governmental requirements; resources available; need for change; among others.

Interstate Economic Integration - Essential Characteristic of the Contemporary World Economy

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Ramona Mariana CALINICA

2016-04-01

Full Text Available After the Second World War, the world economy became more and more characterized by an intensification of economic relations between different countries. The complex and diverse problems that faced the states, have imposed necessity for the identification of appropriate solutions to economic cooperation and economic interstate integration was considered an effective way to development and an answer to all these problems. The purpose of this article is to analyze the integration process of interstate economic integration in all its essential aspects. The study begins with the definition of the concept and continues with the analysis of the forms of interstate economic integration and the main organizations of this kind that existing in the world economy nowadays.

Economic Integration and Political Disintegration

OpenAIRE

Alberto Alesina; Enrico Spolaore; Romain Wacziarg

1997-01-01

Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets even relatively small cultural, linguistic or ethnic groups can benefit from forming small and homogeneous political jurisdictions that trade peacefully and are economically integrated with others. This paper provides a formal model of the relationship ...

Capital gains in economic theory and national accounting

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J. STEINDL

1998-12-01

Full Text Available Capital gains are ironically one of the least studied concepts in economics despite their crucial role in national accounting. Although capital gains are technically not involved in the circular flow of production and incomes, they are a vital determinants of consumer credit and personal savings. Recent findings, in fact, correlate capital gains with the prevalence of inflationary pressures and gyrations on spending in assets.

European Socio-Economic Integration Challenges, Opportunities and Lessons Learned

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Korres, George

2013-01-01

Economic integration is one of the most noteworthy issues in international economic policy at the end of the twentieth century. The recent examples of the European Union (EU) and the North American Free Trade Association (NAFTA) have raised important questions about the economic integration process and the possible establishment of economic unions in other parts of the world.  Against the backdrop of the financial crisis in Europe and prospects of increasing integration in Asia, this volume showcases research from an international array of researchers to provide a basic understanding of the current issues, problems, challenges, and opportunities for achieving integration, addressing both empirical and theoretical aspects of such topics as monetary union, social policy reform and social union, public finance and technology policy.  The chapters in Part 1 are focused primarily on economic issues, while Part 2 covers on social policy, the welfare state, and political reforms, with a particular emphasis on the ...

Economic Integration and the Civilizing Commerce Hypothesis

OpenAIRE

James E. Anderson

2005-01-01

Economic integration lowers one form of trade costs, tariffs, and stimulates changes in other trade costs. This paper offers a model in which integration may raise or lower the important trade cost associated with insecurity. The model can help to explain the varied experience with integration and it points to the usefulness of combining enforcement policy integration with trade policy integration.

Toward an integrated approach to nutritional quality, environmental sustainability, and economic viability: research and measurement gaps.

Science.gov (United States)

Herforth, Anna; Frongillo, Edward A; Sassi, Franco; Mclean, Mireille Seneclauze; Arabi, Mandana; Tirado, Cristina; Remans, Roseline; Mantilla, Gilma; Thomson, Madeleine; Pingali, Prabhu

2014-12-01

Nutrition is affected by numerous environmental and societal causes. This paper starts with a simple framework based on three domains: nutritional quality, economic viability, and environmental sustainability, and calls for an integrated approach in research to simultaneously account for all three. It highlights limitations in the current understanding of each domain, and how they influence one another. Five research topics are identified: measuring the three domains (nutritional quality, economic viability, environmental sustainability); modeling across disciplines; furthering the analysis of food systems in relation to the three domains; connecting climate change and variability to nutritional quality; and increasing attention to inequities among population groups in relation to the three domains. For an integrated approach to be developed, there is a need to identify and disseminate available metrics, modeling techniques, and tools to researchers, practitioners, and policy makers. This is a first step so that a systems approach that takes into account potential environmental and economic trade-offs becomes the norm in analyzing nutrition and food-security patterns. Such an approach will help fill critical knowledge gaps and will guide researchers seeking to define and address specific research questions in nutrition in their wider socioeconomic and environmental contexts. © 2014 New York Academy of Sciences.

COMPARISON OF THE ACCOUNTING CONCEPT “FAIR VALUE” WITH OTHER ECONOMIC VALUE CONCEPTS

OpenAIRE

Justine Jaunzeme

2011-01-01

Fair value is a measurement base found both in International Financial Reporting Standards and in Latvian accounting legislation. For the fair value measurements to be meaningful for financial analysts, consultants and other financial statement users, it is important that the fair value concept be understood in relation to other economic value concepts. The purpose of this paper is to compare the fair value concept of financial accounting to other economic value concepts. The qualitative meth...

Economic Integration, Currency Areas, and Macroeconomic Policy

OpenAIRE

Douglas D. Purvis

1992-01-01

In this essay I explore the implications of regional economic integration for the currency arrangements appropriate within and between regions. This topic is motivated by the recent rekindling of interest in fixed exchange rates which, in turn, has been due in part to disappointment in the performance of the flexible exchange rate system that has evolved over the past two decades, and in part to the increased regional economic integration that the world economy has witnessed in the past decad...

Redistributive taxation, multinational enterprises, and economic integration

OpenAIRE

Haufler, Andreas; Klemm, Alexander; Schjelderup, Guttorm

2008-01-01

Increased activity of multinational firms exposes national corporate tax bases to cross-country profit shifting, but also leads to rising profitability of the corporate sector. We incorporate these two effects of economic integration into a simple political economy model where the median voter decides on a redistributive income tax rate. In this setting economic integration may raise or lower the equilibrium tax rate, and it is more likely to raise the tax rate of a low-tax country. The impli...

ACCOUNTING INFORMATION BETWEEN ECONOMIC DECISION AND FISCAL MANAGEMENT IN THE ENTERPRISE LEVEL

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HOLT GHEORGHE

2016-08-01

Full Text Available Anchored in reflecting reality, as secular science and practice, accounting has demonstrated continuously opening towards progress and social involvement. The information provided by operators underlie the economic and political decision of a wide range of users. The variety of funding determines the specific behavior of the company. In an economic environment with largely financing through bank loans, companies and their creditors directs its decision in particular on collateral, receivables and payables at a time. In an environment with its own financing, the interests of users of accounting information is moving mainly on growth equity, results and cash holdings.

Overcoming barriers to integrating economic analysis into risk assessment.

Science.gov (United States)

Hoffmann, Sandra

2011-09-01

Regulatory risk analysis is designed to provide decisionmakers with a clearer understanding of how policies are likely to affect risk. The systems that produce risk are biological, physical, and social and economic. As a result, risk analysis is an inherently interdisciplinary task. Yet in practice, risk analysis has been interdisciplinary in only limited ways. Risk analysis could provide more accurate assessments of risk if there were better integration of economics and other social sciences into risk assessment itself. This essay examines how discussions about risk analysis policy have influenced the roles of various disciplines in risk analysis. It explores ways in which integrated bio/physical-economic modeling could contribute to more accurate assessments of risk. It reviews examples of the kind of integrated economics-bio/physical modeling that could be used to enhance risk assessment. The essay ends with a discussion of institutional barriers to greater integration of economic modeling into risk assessment and provides suggestions on how these might be overcome. © 2011 Society for Risk Analysis.

Techno-economic analysis of ammonia production via integrated biomass gasification

International Nuclear Information System (INIS)

Andersson, Jim; Lundgren, Joakim

2014-01-01

Highlights: • Techno-economic results regarding biomass-based ammonia production systems. • Integration of an ammonia production process in a pulp and paper mill. • Integrated ammonia production gains higher system efficiency than stand-alone production. • The economics of an integrated production system is improved compared to stand-alone production. - Abstract: Ammonia (NH 3 ) can be produced by synthesis of nitrogen and hydrogen in the Haber–Bosch process, where the economic challenge is the hydrogen production. Currently, substantial amounts of greenhouse gases are emitted from the ammonia industry since the hydrogen production is almost exclusively based on fossil feedstocks. Hydrogen produced via gasification of lignocellulosic biomass is a more environmentally friendly alternative, but the economic performance is critical. The main objective of this work was to perform a techno-economic evaluation of ammonia production via integrated biomass gasification in an existing pulp and paper mill. The results were compared with a stand-alone production case to find potential technical and economic benefits deriving from the integration. The biomass gasifier and the subsequent NH 3 production were modelled using the commercial software Aspen Plus. A process integration model based on Mixed Integer Linear Programming (MILP) was used to analyze the effects on the overall energy system of the pulp mill. Important modelling constraints were to maintain the pulp production and the steam balance of the mill. The results showed that the process economics and energy performance are favourable for the integrated case compared to stand-alone production. The main conclusion was however that a rather high NH 3 selling price is required to make both production cases economically feasible

On Rural Financial and Accounting Work under the Background of Rapid Agricultural Economic Development

OpenAIRE

Tang, Yaozheng

2013-01-01

Under the background of rapid agricultural economic development, rural financial and accounting work is of great significance. From rural accounting management system, rural accountant allocation and rural accounting training, this paper analyzes current situations of rural accounting work in China. In rural financial and accounting work, there are following problems. (1) Accounting behavior is not standard, and basic accounting work is to be further strengthened; (2) Internal control is not ...

Economic Integration Between China And ASEAN

OpenAIRE

Dr James Laurenceson

2003-01-01

With the signing in November 2001 of a China-ASEAN free trade agreement due for completion in 2010, the question of the current degree of economic integration between China and ASEAN becomes important. This papers uses international parity conditions to investigate this issue. The results indicate that China is already highly integrated with ASEAN with respect to trade in goods and services. Financial integration however remains significantly incomplete. Given that external bodies such as the...

New Challenges of Contingency Theory in Management Accounting System, in Terms of Global Economic Crisis

OpenAIRE

Ene Dumitru

2010-01-01

This paper aims to answer the question: 1. The contingency theory can be a source of improvement in management accounting research ,in terms of global economic crisis?’’ 2. Can be Contingency factors a bridge between organizational theories and management accounting? Research purpose: -The contingency theory can be a source of improvement in management accounting research, in terms of global economic crises; -Contingency factors can be a bridge between organizational theories and management a...

Evolving subsidiary roles and regional economic integration in Europe

NARCIS (Netherlands)

Filippov, S.; Duysters, G.M.

2012-01-01

The focus of this paper is on the impact of regional economic integration on chaging roles and strategies of overseas subsidiaries. The literature has acknowledged the positive impact of regional economic integration on the investment attractiveness of member states perticipating a regional bloc and

Accounting- versus economic-based rates of return: implications for profitability measures in the pharmaceutical industry.

Science.gov (United States)

Skrepnek, Grant H

2004-01-01

Accounting-based profits have indicated that pharmaceutical firms have achieved greater returns relative to other sectors. However, partially due to the theoretically inappropriate reporting of research and development (R&D) expenditures according to generally accepted accounting principles, evidence suggests that a substantial and upward bias is present in accounting-based rates of return for corporations with high levels of intangible assets. Given the intensity of R&D in pharmaceutical firms, accounting-based profit metrics in the drug sector may be affected to a greater extent than other industries. The aim of this work was to address measurement issues associated with corporate performance and factors that contribute to the bias within accounting-based rates of return. Seminal and broadly cited works on the subject of accounting- versus economic-based rates of return were reviewed from the economic and finance literature, with an emphasis placed on issues and scientific evidence directly related to the drug development process and pharmaceutical industry. With international convergence and harmonization of accounting standards being imminent, stricter adherence to theoretically sound economic principles is advocated, particularly those based on discounted cash-flow methods. Researchers, financial analysts, and policy makers must be cognizant of the biases and limitations present within numerous corporate performance measures. Furthermore, the development of more robust and valid economic models of the pharmaceutical industry is required to capture the unique dimensions of risk and return of the drug development process. Empiric work has illustrated that estimates of economic-based rates of return range from approximately 2 to approximately 11 percentage points below various accounting-based rates of return for drug companies. Because differences in the nature of risk and uncertainty borne by drug manufacturers versus other sectors make comparative assessments

Managerial accounting of social welfare of the company’s employees

Directory of Open Access Journals (Sweden)

S.O. Levytska

2016-12-01

Full Text Available Modern management system actualizes the need for monitoring the performance evaluation of social programs, particularly in terms of personalized costs of conservation, restoration and rational use of labor resources. Social responsibility of business – is a concept that encourages business entities to consider the interests of society by taking responsibility for the impact of performance on consumers, stakeholders, employees, communities and the environment. Therefore, the baseline corporate social responsibility (CSR should be integrated for entities controlled not only by public authorities, but also by the public. The source of information for enterprises is the only integrated system of economic accounting, including accounting, internal, statistical and tax accounting subsystem of business transactions. The integrated accounting system has indicators in the context of each sub-account, describing the status and use of labor resources. Given the purpose of the social component and the methodological and organizational features of this subsystem we can define managerial accounting as a reflection of economic activity within the economic and organizational measures, conservation, and workforce development of the enterprise based on ecological and economic providing for their implementation. Established, that reporting forms are not ready to disclose the performance of CSR in the context of the results of their activities. Topical is the issue of forming social reporting. The above mentioned will establish control by the state, owners, labor collective of compliance with the state policy of social support workers, early subjects accumulate funds for such payments.

The economic importance of meetings and conferences: A satellite account approach

OpenAIRE

Jones, C; Li, S

2015-01-01

Meetings and conventions (MICE) visitation is often considered an important element of the travel economy, and destinations target such activities to encourage their growth. It has hitherto been difficult to measure the economic significance of such activity at any spatial scale. Latterly, the development and codification of tourism satellite account (TSA) approaches to the economic measurement of tourism offers an opportunity to develop a parallel approach to understanding the MICE economy. ...

Modern approaches to quintessence of public accounting of enterprise in context of economical safety providing

Directory of Open Access Journals (Sweden)

L.V. Gnilitskaya

2016-07-01

Full Text Available Discrepancy of possibilities of modern accounting to the demands of economical safety directed for the satisfaction of informational needs of various groups of users of accounting in order they could make grounded and timely management decisions while providing stable and steady functioning both an enterprise and a region where this enterprise runs and also a state as a whole, has caused the necessity of searching for other concepts and the models of accounting information formation. The research proves that the most advantages for economical safety providing belong to the concept of cost accounting. The use of this concept will allow to identify the information necessary for the sides interested in it; to model external corporation accounting including field peculiarities of an enterprise; to disclose the information concerning not only to internal parameters but also to external environment where the enterprise functions; to assess the risks of businesses and show their influence in corresponding forms of accounting. The adaptation of the concept of cost accounting into the practice of home enterprises (if the informational needs of economical safety are provided will require definite changes in the structure and contents of accounting information, on one hand, and the improvement (view, shift of the principles of preparation of accounting as the accounting base, on the other hand.

adjustment policies and current account behaviour: empirical ...

African Journals Online (AJOL)

DJFLEX

2009-10-15

Oct 15, 2009 ... test, co-integration test and the variance decomposition and impulse response function. The variance ... economic performance and the external account. In the ... net impacts of the financial deepening and monetary credibility on .... profitability. In terms of .... cadgdp = the ratio of current account to GDP.

Accountability in integrated working: Meaning and implications for cancer care teams

International Nuclear Information System (INIS)

Colyer, Hazel

2012-01-01

This article presents a critical evaluation of the concepts of accountability and delegated authority and how this impacts on integrated working in cancer care teams. It looks at the difficulties experienced by radiographers in establishing their roles in integrated teams through an analysis of how professional teams have developed from a sociological and historical perspective. The paper highlights the contestability of the terms and contends that many non-medical professional practitioners experience problems with assuming full accountability. The article acknowledges and advocates that the wishes of patients and clients must be prioritised in the decision making process, thus requiring professionals to embrace accountability fully and differentiate and manage risk. The importance of leadership in furthering the achievement of integrated working is recognised. In conclusion, the article proposes that shared accountability among teams is challenging for radiographers and others, and that education providers should take this into account when designing curricula.

On the Integration and Synchronization of the Economic Development

Directory of Open Access Journals (Sweden)

Elena Viktorovna Kurushina

2015-12-01

Full Text Available Modern trends are associated with the integration and globalization. Integration is an immanent property of all systems and is the result of the evolution. Integration has its positive and negative effects. The degree of the progress towards the global economy is measured by the integration level in terms of the market integration indicators and the economic convergence. The latent characteristic of the globalization as a process of a unified system creation is the synchronization assuming the coincidence of the economic development ascending and descending trends in time. The coincidence of the tempo-rhythms is studied on the basis of coefficients of the pair correlation of relative growth rates of GDP for 1995-2010 in 175 countries. The very high degree of synchronization of economic dynamics is revealed in the European Union countries and in the United States. The low level of the tempo-rhythm synchronization is registered on the territory of the CIS countries. Russia occupies 29th position in the world ranking. The study of the dependence of the economic instability in the world during the crisis of 2008-2009 on the level of the tempo-rhythm coincidence shows that the more synchronized economic dynamics is, the greater excess coefficient of the average dynamics is observed during the crisis period. In 2009 it manifested itself in a greater reduction of the GDP growth rates in the European countries relatively the average wave dynamics in the pre-crisis period. The obtained results are of interest from the perspective of the substantiation of the regional economic group creation and in the context of the measures on increasing the economic stability.

Economic evaluation of the integrated SMART desalination plant

International Nuclear Information System (INIS)

Hwang, Young Dong; Lee, Man Kye; Yeo, Ji Won; Kim, Hee Chul; Chang, Moon Hee

2001-04-01

In this study, an economic evaluation methodology of the integrated SMART desalination plant was established and the economic evaluation of SMART was performed. The plant economics was evaluated with electricity generation costs calculated using approximate estimates of SMART cost data and the result was compared with the result calculated using the SMART design data and estimated bulk materials. In addition, a series of sensitivity studies on the power generation cost was performed for the main economic parameters of SMART Power credit method was used for the economic analysis of the integrated SMART desalination plant. Power credit method is a widely used economic analysis method for the cogeneration plant when the major portion of the energy is used for the electricity generation. In the case of using SMART fot power generation only, the result shows that the electricity generation cost of SMART is higher than that of the alternative power options. However, it can be competitive with the other power options in the limited cases, especially with the gas fired combined plant. In addition, an economic analysis of the integrated SMART desalination plant coupled with MED was performed. The calculated water production cost is in the range of 0.56 approx. 0.88($/m 3 ) for the plant availability of 80% or higher, which is close to the study results presented by the various other countries. This indicates that SMART can be considered as a competitive choice for desalination among various alternative energy sources

Economic evaluation of the integrated SMART desalination plant

Energy Technology Data Exchange (ETDEWEB)

Hwang, Young Dong; Lee, Man Kye; Yeo, Ji Won; Kim, Hee Chul; Chang, Moon Hee

2001-04-01

In this study, an economic evaluation methodology of the integrated SMART desalination plant was established and the economic evaluation of SMART was performed. The plant economics was evaluated with electricity generation costs calculated using approximate estimates of SMART cost data and the result was compared with the result calculated using the SMART design data and estimated bulk materials. In addition, a series of sensitivity studies on the power generation cost was performed for the main economic parameters of SMART Power credit method was used for the economic analysis of the integrated SMART desalination plant. Power credit method is a widely used economic analysis method for the cogeneration plant when the major portion of the energy is used for the electricity generation. In the case of using SMART fot power generation only, the result shows that the electricity generation cost of SMART is higher than that of the alternative power options. However, it can be competitive with the other power options in the limited cases, especially with the gas fired combined plant. In addition, an economic analysis of the integrated SMART desalination plant coupled with MED was performed. The calculated water production cost is in the range of 0.56 approx. 0.88($/m{sup 3}) for the plant availability of 80% or higher, which is close to the study results presented by the various other countries. This indicates that SMART can be considered as a competitive choice for desalination among various alternative energy sources.

Behavioral Economics of Education

DEFF Research Database (Denmark)

Koch, Alexander Karl; Nafziger, Julia; Nielsen, Helena Skyt

2015-01-01

-dimensional rather than one-dimensional. Explicitly accounting for soft skills often implies departing from the standard economic model by integrating concepts studied in behavioral and experimental economics, such as self-control, willingness to compete, intrinsic motivation, and self-confidence. We review how...

Integrated economic management. Principal aspects and future

International Nuclear Information System (INIS)

2004-01-01

Now that five years have passed (1999-2003) since the Owner Companies decided to merge the Asco and Vandellos-II nuclear power plants, we believe that, for Integrated Management through a single AIE, it is timely and advisable to describe the key issues of the process implemented to optimize economic results, always in accordance with the Policies of Nuclear Safety, Quality and Environment, Prevention, Human Factors and Availability, and we emphasize the following as essential elements: The Corporate Model; strategic/Operating Plans; integrated Economic Management Model SIE; Rationalization of the organizational structure, Continuous Training; Analysis of Processes and Procedures. (Author)

Economic Valuation Methods: The Perception of the Accountants of the Hydroeletric Power Sector in Brazil

Directory of Open Access Journals (Sweden)

Aracéli Cristina de S. Ferreira

2015-12-01

Full Text Available The aim of the present study was to verify how accountants perceive the electric power companies in Brazil, regarding the use of economic valuation methods for measuring environmental impacts on hydroelectric power generation. These methods would be used in the internalisation of impacts in compliance with accounting theory criteria of recognition, measurement and disclosure of relevant economic activities. This is an exploratory study based on the conclusion regarding the collected data from a questionnaire answered by accountants, who worked in the electric power sector and were members of the Brazilian Electric Power Sector Accountants Association (ABRACONEE. The research showed that 74% of respondents were accountants or accounting analysts, 92% of them believed that companies should account for (internalise environmental impacts caused by their activities, and 75% of them believed that this task should be based on detailed and specific norms determining what should be done and when and how to do it. Despite their high level of accounting knowledge and complete familiarity with the changes determined by the Brazilian Securities Commission, respondents adopted a conservative stance in relation to the use of estimated values or those obtained in hypothetical markets. The study revealed the existence of a vast field of research that has yet to be explored by accounting in the field of environmental accounting, especially in terms of both measurement and recognition of environmental impacts caused by diverse economic activities

Cartel Stability and Economic Integration

DEFF Research Database (Denmark)

Schröder, Philipp

2004-01-01

This paper investigates the effect of economic integration on the ability of firms to maintain a collusive understanding about staying out of each other's markets. The paper distinguishes among different types of trade costs: ad valorem, unit, fixed. It is shown that for a suffcient reduction of ad...

Cartel Stability and Economic Integration

DEFF Research Database (Denmark)

Schröder, Philipp J.H.

2007-01-01

This paper revisits the notion that economic integration - modeled as a reduction of trade costs - may be anti-competitive, in the sense that it may reinforce the ability of an international cartel to maintain a collusive understanding about staying out of each other's markets. The paper is novel...

THE EU, APEC AND ASEAN; A COMPARISON IN THE FRAMEWORK OF ECONOMIC INTEGRATION

Directory of Open Access Journals (Sweden)

Ismet ATES

2016-07-01

Full Text Available Fast developing technology, increased production and the search for market has paved the way for globalization after the industrial revolution. Transnational borders has almost disappeared today’s World which faced with two great wars and a lot more threat during the 20th century. Economic integrations gained speed after the two Great World Wars. Countries started to come together because of advancing technology, transportation facilities, security concerns and increased competition during this period. Thus, political, military and cultural integration movements established and also economic integration movements gained speed. Economic, political, military integrations like EU, APEC, ASEAN, NAFTA, WTO and NATO have showed impact in every region of the World. There are a lot of regional and global integration movements in the World. Globalization leads to act the World as if it had a single center increasingly. This case is important in terms of economic integration of the national economies. The main objective of economic integration is an effort to eliminate all barriers to trade. In this work, the structure of the economic integration process and its effect on the World economy will be examined. APEC, ASEAN and EU can be considered as one of the best samples of the economic integration in the World. General structures, macroeconomic performances and their effects on integration process of these three economic integrations will be discussed. As a result, APEC stands out with its developing large trade volume, ASEAN is noted with its great speed of economic development and, European Union differs with its large gross domestic product per capita. APEC, EU and ASEAN organizations show that both developed and developing countries can not remain outside of integration. Each of the three integration movement has been making great contributions to the World to integrate. World is almost becoming a single country thanks to the economic integration.

Regional economic integration in sub-Saharan Africa

NARCIS (Netherlands)

Konings, P.J.J.; Meilink, H.A.

1998-01-01

The issue of regional integration has acquired a new relevance and urgency in Africa due to wide-reaching national and global changes. African leaders' commitment to regional economic integration was clearly expressed during the June 1991 OAU summit meeting in Abuja, Nigeria. On that occasion, they

Economic integration of socialist states through the peaceful utilisation of the atom

International Nuclear Information System (INIS)

Korff, H.J.

1975-01-01

The 'Interatominstrument' organisation was set up at the beginning of 1972 by Bulgaria, Hungary, East Germany, Poland, Russia and Czechoslovakia to help co-ordination between, and economic integration of, socialist countries. An account is given of the important and wide role played by the organisation in the co-ordination and rationalisation of research, development and manufacturing capacity on techniques and equipment based on the peaceful uses of atomic energy. Other functions include procurement, dissemination of information and extension of application of nuclear energy. Reference is made to the significant commercial and other successes already achieved by Interatominstrument. (P.G.R.)

Integrated approach to economical, reliable, safe nuclear power production

International Nuclear Information System (INIS)

1982-06-01

An Integrated Approach to Economical, Reliable, Safe Nuclear Power Production is the latest evolution of a concept which originated with the Defense-in-Depth philosophy of the nuclear industry. As Defense-in-Depth provided a framework for viewing physical barriers and equipment redundancy, the Integrated Approach gives a framework for viewing nuclear power production in terms of functions and institutions. In the Integrated Approach, four plant Goals are defined (Normal Operation, Core and Plant Protection, Containment Integrity and Emergency Preparedness) with the attendant Functional and Institutional Classifications that support them. The Integrated Approach provides a systematic perspective that combines the economic objective of reliable power production with the safety objective of consistent, controlled plant operation

Towards an integrated economic assessment of climate change impacts on agriculture

Science.gov (United States)

Lotze-Campen, H.; Piontek, F.; Stevanovic, M.; Popp, A.; Bauer, N.; Dietrich, J.; Mueller, C.; Schmitz, C.

2012-12-01

For a detailed understanding of the effects of climate change on global agricultural production systems, it is essential to consider the variability of climate change patterns as projected by General Circulation Models (GCMs), their bio-physical impact on crops and the response in land-use patterns and markets. So far, approaches that account for the interaction of bio-physical and economic impacts are largely lacking. We present an integrative analysis by using a soft-coupled system of a biophysical impact model (LPJmL, Bondeau et al. 2007), an economically driven land use model (MAgPIE, Lotze-Campen et al. 2008) and an integrated assessment model (ReMIND-R, Leimbach et al. 2010) to study climate change impacts and economic damages in the agricultural sector. First, the dynamic global vegetation and hydrology model LPJmL is used to derive climate change impacts on crop yields for wheat, maize, soy, rice and other major crops. A range of different climate projections is used, taken from the dataset provided by the Intersectoral Impact Model Intercomparison Project (ISI-MIP, www.isi-mip.org), which bias-corrected the latest CMIP5 climate data (Taylor et al. 2011). Crop yield impacts cover scenarios with and without CO2 fertilization as well as different Representative Concentration Pathways (RCPs) and different GCMs. With increasing temperature towards the end of the century yields generally decrease in tropical and subtropical regions, while they tend to benefit in higher latitudes. LPJmL results have been compared to other global crop models in the Agricultural Model Intercomparison and Improvement Project (AgMIP, www.agmip.org). Second, changes in crop yields are analysed with the spatially explicit agro-economic model MAgPIE, which covers their interaction with economic development and changes in food demand. Changes in prices as well as welfare changes of producer and consumer surplus are taken as economic indicators. Due to climate-change related reductions in

Economic and Financial Diagnosis - Fundamental Method in Management Accounting

Directory of Open Access Journals (Sweden)

Riana Iren RADU

2012-11-01

Full Text Available The purpose of the „financial analysis - financial diagnosis phrase is to characterize in a more relevant and more conservative manner the company situation, in order to develop, based on optimal decisions for the establishment and use of resources” . Analysis of company's financial position at a time, usually at the end of the year, permits to assess the size and development of heritage, and making judgments on how to achieve financial balance. In this paper an analysis is made based on diagnostic key economic and financial indicators, calculated using information from the balance sheet and profit and loss account in the period 2006-2011 to Navrom Company Galati, to can measurable effects of the economic crisis on the company.

HARMONIZATION OF TAX SYSTEMS IN THE EAEU COUNTRIES IN THE CONDITIONS OF DEEPENING ECONOMIC INTEGRATION

Directory of Open Access Journals (Sweden)

Aleksandr V. Ishkhanov

2018-03-01

Full Text Available The present article analyzes the viewpoints of scientists of different economic directions on the possibility and expediency of tax policy coordination in the countries-participants of economic and monetary associations. The authors assess the role of tax instruments in the regional integration associations, study the differences in the tax systems of the countries of the Eurasian Economic Union, which restrain the integration processes within the union. The influence of the fiscal policy of the EAEU member countries on the state of their economies is studied. The authors of the article believe that, in the context of deepening integration in the EAEU, the deliberate distribution of powers in the field of tax regulation between state and supranational authorities ensuring a consistent approximation of tax systems of the participating countries taking into account the economic situation and interests of all members of the association, gains particular relevance. The measures on ensuring the elimination of double taxation within the union are proposed. The authors come to the conclusion that it is necessary to harmonize the tax policies of the member countries of the association. At the same time, the harmonization of taxation in the countries of the union should become a condition, the observance of which is necessary for the formation of a currency zone in the territory of the Unified Energy System. The article presents a set of measures aimed at ensuring equal conditions for taxing business in the EAEU. Particular attention is paid to the study of the possibility of expanding the revenues and expenditures of the unified budget of the EAEU with a view to providing financial support to projects aimed at accelerating the processes of economic and monetary integration. The authors consider it expedient to redistribute part of the national income of the participating countries to the depressed regions of the association, provided that these measures

Economic Consequences of Fair Value Accounting and a Change in the Distribution Rule

OpenAIRE

Kochiyama, Takuma

2011-01-01

This research examines the economic consequences of fair value accounting and a change in the distribution rule. In Japan, fair value accounting for financial instruments was mandated from 2001, and unrealized revaluation profits were to be included in income statements. As an institutional correspondence to the change in accounting standards, Japanese Commerce Law implemented the deduction of revaluation profits from distributable profits. However, from 2006, the Japanese Company Act changed...

Regional Economic Integration in Africa: Challenges and Prospects ...

African Journals Online (AJOL)

Africa has witnessed various efforts of economic integration at the continental and regional levels. While the idea of regional integration is as old as the Organization of African Unity now renamed as African Union, recent summits have reaffirmed Africa's commitment toward boosting intra-Africa trade and integration. With the ...

Integrating Career Development into the Accounting Curriculum

Science.gov (United States)

Wessels, Susan B.; Sumner, Dana F.

2014-01-01

This paper describes a series of integrated career development activities offered in several required courses which are designed to help accounting majors gain a competitive edge in the job market. Supported by a partnership between the School of Business and the Academic and Career Planning Office, the Career Tool Kit program consists of…

ICT Integration in Accounting Education: Evidence from Two Private Higher Institutions in Nigeria

Directory of Open Access Journals (Sweden)

Oyebisi Mary Ogundana

2015-12-01

Full Text Available This study examined the role of ICT integration in accounting education on the value adding capacity of accounting students in Nigeria. The study adopted the Survey research design involving the collection of data from accounting students in selected private universities in Nigeria. Copies of Questionnaire were administered to 147 respondents out of which 111 were gathered. Pearson Correlation and Linear Regression were employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences (SPSS. The results revealed that integration of ICT (accounting software packages and IT knowledge and skills into accounting education (curriculum would help accounting graduates fulfill their responsibility of adding value to organizations. Consequently, it was recommended that the Nigeria Universities Commission (NUC and relevant educational bodies should compulsorily integrate (in all higher institution into accounting curriculum at all level a practical course on accounting packages and IT knowledge and skills.

International Financial Integration and Economic Growth in India: An Empirical Investigation

Directory of Open Access Journals (Sweden)

Nayia MAHAJAN

2015-11-01

Full Text Available This study endeavors to estimate relationship between international financial integration and economic growth in India during 1981-2011. Apart from direct impact of international financial integration on growth, indirect impact (via financial development has also been studied empirically. Models of co-integration and Vector Error Correction Model (VECM have been applied to examine the relationships. The study observes that international financial integration affects the growth of the economy positively; and change in economic growth due to it through financial development is approximately 8.63 percent. The study also suggests that the structural reforms that took place in India in early nineties did not affect the existing relationship of global financial integration and economic growth significantly.

Landfill mining in Austria: foundations for an integrated ecological and economic assessment.

Science.gov (United States)

Hermann, Robert; Baumgartner, Rupert J; Sarc, Renato; Ragossnig, Arne; Wolfsberger, Tanja; Eisenberger, Martin; Budischowsky, Andreas; Pomberger, Roland

2014-09-01

For the first time, basic technical and economic studies for landfill mining are being carried out in Austria on the basis of a pilot project. An important goal of these studies is the collection of elementary data as the basis for an integrated ecological and economic assessment of landfill mining projects with regard to their feasibility. For this purpose, economic, ecological, technical, organizational, as well as political and legal influencing factors are identified and extensively studied in the article. An important aspect is the mutual influence of the factors on each other, as this can significantly affect the development of an integrated assessment system. In addition to the influencing factors, the definition of the spatial and temporal system boundaries is crucial for further investigations. Among others, the quality and quantity of recovered waste materials, temporal fluctuations or developments in prices of secondary raw material and fuels attainable in the markets, and time and duration of dumping, play a crucial role. Based on the investigations, the spatial system boundary is defined in as much as all the necessary process steps, from landfill mining, preparing and sorting to providing a marketable material/product by the landfill operator, are taken into account. No general accepted definition can be made for the temporal system boundary because the different time-related influencing factors necessitate an individual project-specific determination and adaptation to the facts of the on-site landfill mining project. © The Author(s) 2014.

Managing the physics of the economics of integrated health care.

Science.gov (United States)

Zismer, Daniel K; Werner, Mark J

2012-01-01

The physics metaphor, as applied to the economics (and financial performance) of the integrated health system, seems appropriate when considered together with the nine principles of management framework provided. The nature of the integrated design enhances leaders' management potential as they consider organizational operations and strategy in the markets ahead. One question begged by this argument for the integrated design is the durability, efficiency and ultimate long-term survivability of the more "traditional" community health care delivery models, which, by design, are fragmented, internally competitive and less capital efficient. They also cannot exploit the leverage of teams, optimal access management or the pursuit of revenues made available in many forms. For those who wish to move from the traditional to the more integrated community health system designs (especially those who have not yet started the journey), the path requires: * Sufficient balance sheet capacity to fund the integration process-especially as the model requires physician practice acquisitions and electronic health record implementations * A well-prepared board13, 14 * A functional, durable and sustainable physician services enterprise design * A redesigned organizational and governance structure * Favorable internal financial incentives alignment design * Effective accountable physician leadership * Awareness that the system is not solely a funding strategy for acquired physicians, rather a fully -.. committed clinical and business model, one in which patient-centered integrated care is the core service (and not acute care hospital-based services) A willingness to create and exploit the implied and inherent potential of an integrated design and unified brand Last, it's important to remember that an integrated health system is a tool that creates a "new potential" (a physics metaphor reference, one last time). The design doesn't operate itself. Application of the management principles

Regional Economic Integration and the Governance Challenge in ...

African Journals Online (AJOL)

There exists a growing consensus among scholars and observers that critical issues on governance and development in Africa, which have remained unresolved, continue to pose obstacles to Africa's economic integration efforts. Although the continent has witnessed different stages in the evolution of regional economic ...

Economic Valuation Methods: The Perception of the Accountants of the Hydroeletric Power Sector in Brazil

OpenAIRE

Aracéli Cristina de S. Ferreira; Hélio Arthur Irigaray

2015-01-01

The aim of the present study was to verify how accountants perceive the electric power companies in Brazil, regarding the use of economic valuation methods for measuring environmental impacts on hydroelectric power generation. These methods would be used in the internalisation of impacts in compliance with accounting theory criteria of recognition, measurement and disclosure of relevant economic activities. This is an exploratory study based on the conclusion regarding the collected data from...

Social and Economic Analysis Branch: integrating policy, social, economic, and natural science

Science.gov (United States)

Schuster, Rudy; Walters, Katie D.

2015-01-01

The Fort Collins Science Center's Social and Economic Analysis Branch provides unique capabilities in the U.S. Geological Survey by leading projects that integrate social, behavioral, economic, and natural science in the context of human–natural resource interactions. Our research provides scientific understanding and support for the management and conservation of our natural resources in support of multiple agency missions. We focus on meeting the scientific needs of the Department of the Interior natural resource management bureaus in addition to fostering partnerships with other Federal and State managers to protect, restore, and enhance our environment. The Social and Economic Analysis Branch has an interdisciplinary group of scientists whose primary functions are to conduct both theoretical and applied social science research, provide technical assistance, and offer training to support the development of skills in natural resource management activities. Management and research issues associated with human-resource interactions typically occur in a unique context and require knowledge of both natural and social sciences, along with the skill to integrate multiple science disciplines. In response to these challenging contexts, Social and Economic Analysis Branch researchers apply a wide variety of social science concepts and methods which complement our rangeland/agricultural, wildlife, ecology, and biology capabilities. The goal of the Social and Economic Analysis Branch's research is to enhance natural-resource management, agency functions, policies, and decisionmaking.

ACCOUNTANT'S WARNING REGARDING THE LACK OF MANAGEMENT INTEGRITY

Directory of Open Access Journals (Sweden)

SORIN ADRIAN ACHIM

2011-04-01

Full Text Available This article highlights the challenges faced by accountants when they find that the integrity of company management is poor. The main problem is in relation with the accountants’ fear, mostly: suffering some repercussions from the disclosure of such information. Also, this article aims to emphasize the danger brought by covering and concealing incriminating information against the management; but also, how accountants could expose this information in such a way that they would not suffer, under no circumstances from such disclosures.

[Economic aspects of integrated care].

Science.gov (United States)

Lange, A; Braun, S; Greiner, W

2012-05-01

For more than 10 years integrated care has been an inherent part of the German healthcare system. The aims of selective contracts are to minimize interface problems between outpatient and inpatient sectors, generalist und specialist care as well as to intensify competition. Despite repeated efforts by the legislator, comprehensive integrated healthcare is still limited to a few flagship projects. This is mainly due to low incentives on the part of both suppliers and customers. Therefore, this article focuses on the economic aspects of integrated care. From a theoretical perspective, integrated care improves efficiency in the healthcare sector by reducing interface problems and asymmetric information as well as by intensifying competition. In practice, however, there are a number of obstacles to implementation. Particularly noteworthy are the financial difficulties in addition to problems regarding sectoral budgeting and the long-term nature of investments. However, the political environment and thus the financial arrangements within the statutory health insurance seem to be more important for further development of integrated care in Germany than the financing issues.

TOC IN ACCOUNTING: THE TOC INTEGRATED FINANCIAL MANAGEMENT FOR BUSINESS

OpenAIRE

Costa, Julio Cesar Silva

2009-01-01

At the beginning of the twentieth century, the techniques of Managerial Accounting represented an important advance in the field of financial management. Over the years and changes in economic environment, organizational environment has changed dramatically. The traditional financial models, the principles guided the beginning of the century, began to provide information to control and distorted decision-making. New approaches have emerged to. In this context, the TOC in Accounting (TIA) is e...

Real economic activity and accounting information in Spanish construction and real estate firms

Directory of Open Access Journals (Sweden)

Juan Carlos Navarro-García

2016-01-01

Full Text Available The aim of this work is to determine whether the accounting information provided by construction and real estate firms in Spain reflects the real economic activity, during upswings and downturns. A relationship is found between economic conditions and financial reporting in a continental European country such as Spain. Although there is a relationship between real housing price growth and financial accounting measures, real estate companies seem to show an artificial position, since they only present a relationship with Return on Assets (ROA based on low quality income (accruals. Therefore, a different financial position influences a different behaviour in these two similar sectors. In fact, some signs alerting of possible risk in real estate firms are shown.

On Rural Financial and Accounting Work under the Background of Rapid Agricultural Economic Development

Institute of Scientific and Technical Information of China (English)

Yaozheng; TANG

2013-01-01

Under the background of rapid agricultural economic development,rural financial and accounting work is of great significance. From rural accounting management system,rural accountant allocation and rural accounting training,this paper analyzes current situations of rural accounting work in China. In rural financial and accounting work,there are following problems. ( 1) Accounting behavior is not standard,and basic accounting work is to be further strengthened; ( 2) Internal control is not perfect and implementation of supervision mechanism is formalized; ( 3) Few people manipulate accounting behavior and accounting information is not transparent. In view of these problems,it puts forward countermeasures for improving rural accounting work: ( 1) establishing perfect agricultural accounting system; ( 2) regulating fund management order; ( 3) promoting computerized agricultural financial and accounting work; ( 4) improving professional and comprehensive quality of rural accountants.

European Economic Integration and the Fate of Lesser-Used Languages.

Science.gov (United States)

Grin, Francois

1993-01-01

The consequences of economic integration for Europe's lesser-used languages are examined. Applying theoretical predictions to a set of 12 minority languages, this paper shows that 5 will likely be in a more favorable position, 4 may lose as a result of economic integration, and no clear effect can be predicted for the remaining 3. (18 references)…

Integrated information theory of consciousness: an updated account.

Science.gov (United States)

Tononi, G

2012-12-01

This article presents an updated account of integrated information theory of consciousness (liT) and some of its implications. /IT stems from thought experiments that lead to phenomenological axioms (existence, compositionality, information, integration, exclusion) and corresponding ontological postulates. The information axiom asserts that every experience is spec~fic - it is what it is by differing in its particular way from a large repertoire of alternatives. The integration axiom asserts that each experience is unified- it cannot be reduced to independent components. The exclusion axiom asserts that every experience is definite - it is limited to particular things and not others and flows at a particular speed and resolution. /IT formalizes these intuitions with postulates. The information postulate states that only "differences that make a difference" from the intrinsic perpective of a system matter: a mechanism generates cause-effect information if its present state has selective past causes and selective future effects within a system. The integration postulate states that only information that is irreducible matters: mechanisms generate integrated information only to the extent that the information they generate cannot be partitioned into that generated within independent components. The exclusion postulate states that only maxima of integrated information matter: a mechanism specifies only one maximally irreducible set of past causes and future effects - a concept. A complex is a set of elements specifying a maximally irreducible constellation of concepts, where the maximum is evaluated over elements and at the optimal spatiatemporal scale. Its concepts specify a maximally integrated conceptual information structure or quale, which is identical with an experience. Finally, changes in information integration upon exposure to the environment reflect a system's ability to match the causal structure of the world. After introducing an updated definition of

Problems of accounting, cost concerns and economic analysis in the mining enrichment industry

Energy Technology Data Exchange (ETDEWEB)

Slabinskiy, V T

1980-01-01

Mining enrichment enterprises of the ferrous and nonferrous metallurgy, coal and chemical industry have much in common in the area of technology of production, technical base, organization of labor and production. This in turn presupposes the possible development of a common procedure of accounting of expenditures for production, calculation of net cost of output and analysis of production-economic activity of enterprises. Based on scientific research and generalization of advanced experience of practical workers, means of improvement of economic operation in mining enrichment enterprises are outlined according to increasing demands of production control. An outline of analytic accounting of expenditures which provides for multitarget use of information has been developed: for organization of operational control of the formulation of net cost of output, determination of the results of self support activities of structural subdivisions of an enterprise, computation of the efficiency of scientific and technical progress. Experience of use of economic and mathematical methods in computers for this purpose is discussed.

Environmental Accounts of the Netherlands. Greenhouse gas emissions by Dutch economic activities

Energy Technology Data Exchange (ETDEWEB)

NONE

2012-08-15

Climate change is one of the major global challenges of our time. There is abundant scientific evidence that the emission of greenhouse gases caused by economic activities contributes to climate change. Accelerating emissions of carbon dioxide, methane, and other greenhouse gases since the beginning of the 20th century have increased the average global temperature by about 0.8C and altered global precipitation patterns. Combustion of fossil fuels, deforestation, but also specific agricultural activities and industrial processes are the main drivers of the increased emission of greenhouse gasses. Enhanced concentrations of greenhouse gasses in the atmosphere will increase global temperatures by radiative forcing. Likewise, climate change has a direct impact on all kinds of economic processes. These impacts may be positive or negative, but it is expected that the overall impact will be primarily negative. In order to design effective mitigation policies, one must have a good conception of the economic driving forces of climate change. The air emission accounts can be used to analyse the environmental implications in terms of greenhouse gas emissions, of production and consumption patterns. Because of their compatibility with the national accounts, greenhouse gas data can be directly linked to the economic drivers of global warming. There are several frameworks for estimating the greenhouse gas emissions for a country, yielding different results. Well-known are the emissions reported to the UNFCCC (United National Framework Convention on Climate Change) in particular under the Kyoto Protocol, but also environment statistics as well as the air emission accounts provide independent greenhouse gas estimates. The differences are not the result of disputes about the accuracy of the estimates themselves, but arise from different interpretations of what has to be counted. The inclusion or exclusion of certain elements depends on the concepts and definitions that underlie

SOCIAL, ECONOMIC AND ACCOUNTING SUMMARY OF THE GREEK AGRICULTURAL SECTOR 1950-2010: CENTRAL GREECE REGION

Directory of Open Access Journals (Sweden)

Michail Th. PAPAILIAS

2012-12-01

Full Text Available Usually, the analysis of the economic and social development of a country or a region can be achieved either by using macroeconomic theories, or through a microeconomic approach (Sakellaropoulos, 1993. The innovation of this paper lies in the use of accounting techniques for capturing the relevant developments and in the fact that there are no similar studies in the Greek bibliography, except some fragmentary approaches of the 1950’s (Euelpides, 1953. Specifically, the objective of this article is the presentation of the social and economic development in a major region in Greece with the use of accounting statements. For this purpose the balance sheets and the income statements of the specific region were estimated per decade throughout the postwar period and the social-economic facts are tried to associate with the figures.The article is structured in three parts. The first refers to the methodology of the research. In the second, balance sheets and profit/loss accounts are presented in detail with the use of financial statement analysis methods and are attempted to correlate with the social-economic incidents. In the third the findings are evaluated.

The Economic Integration of ASEAN+3

OpenAIRE

Verico, Kiki

2013-01-01

The ASEAN wide economic cooperation under the ‘ASEAN umbrella principle’ is fitting the ASEAN’s ‘open and soft regionalism’ character. It helps ASEAN to achieve a comprehensive trade and investment integration in the short to medium-run and financial integration in the long-run. In Southeast Asia, this wide-regionalism has been reflected in the ASEAN Plus framework. Among one of them is the ASEAN+3, which covers ten ASEAN member states and three East Asian countries (China, Japan and South Ko...

Welfare Impact of ASEAN Economic Integration: “ASEAN Way” Versus Theory

OpenAIRE

Andrista, Safira; Widodo, Tri

2017-01-01

The ASEAN Economic Community (AEC) has been implemented since the beginning of 2016 and expected to be completed in 2025. The ASEAN member countries preserve their value and norms highly even in the condition of integrated ASEAN, particularly in state’s sovereignty, resulting “ASEAN Way” of integration. This research is conducted to compare the ASEAN Way of integration and theoretical kinds of economic integration (Balassa, 1961). Using GTAP 9 Migration database with 2007 and 2011 base year, ...

Information Trading by Corporate Insiders Based on Accounting Accruals - Forecasting Economic Performance

NARCIS (Netherlands)

Hodgson, A.; van Praag, B.

2006-01-01

In this paper, we test whether directors’ (corporate insiders) trading in Australia, based on accounting accruals, provides incremental information in forecasting a firm's economic performance. We determine that directors’ trading on negative accruals in larger firms has greater forecasting content

Evolving subsidiary roles and regional economic integration in Europe (special editorial)

NARCIS (Netherlands)

Filippov, S.; Duijsters, G.M.

2012-01-01

The focus of this paper is on the impact of regional economic integration on changing roles and strategies of overseas subsidiaries. the literature has acknowledged the positive impact of regional economic integration on the investment attractiveness of member states participating in a regional bloc

Convergence and Optimum Currency Area, as Advanced Economic Integration

Directory of Open Access Journals (Sweden)

Liviu Catalin Andrei

2014-08-01

Full Text Available In 1961, in the earlier stage of the European integration, professor Bela Balassa proposed a five successive phase model. Today, the half century experience on integration and corresponding literature issued lets us see rather two big phases (instead of five. The one would be the incipient integration, that came to enlarge the economic openess and internationalization and shaped: (i free trade area (FTA and (ii customs union; the other would be the advanced integration, in which internationalization would be replaced by the unique-common market and other two commandments would replace or just reshape the older FTA and customs union into: (iii economic convergence and (iv optimal currency area. The last two will be emphasized by our paper, as for their current description-analysis in the literature

75 FR 23214 - HIPAA Privacy Rule Accounting of Disclosures Under the Health Information Technology for Economic...

Science.gov (United States)

2010-05-03

...-AB62 HIPAA Privacy Rule Accounting of Disclosures Under the Health Information Technology for Economic... disclosures, the administrative burden on covered entities and business associates of accounting for such...: HITECH Accounting of Disclosures, Hubert H. Humphrey Building, Room 509F, 200 Independence Avenue, SW...

The Balkans: Between Economic Crisis And European Integration

Directory of Open Access Journals (Sweden)

Andrei RĂDULESCU

2012-06-01

Full Text Available The Balkans region (also known as the „Powder keg of Europe” has always been an European question, a Western question, as underlined by Arnold Toynbee, in 1922. At present, European Union is confronted with the fifth enlargement, also known as the “post-conflict” enlargement – the integration of Balkan states. Bulgaria joined European Union in 2007. Croatia signed the Accession Treaty in 2011 and is expected to become an EU member in 2013. The other countries encounter in different stages of European integration. However, this process presents several challenges and dilemmas, either for European Union, or for the Balkan enclave. The main challenge in the case of this enlargement is to reconcile the nation-state building and the European integration. From the economic point of view, the Balkans region is underdeveloped. Several factors determined this stance of the region: the poor endowment in terms of natural resources, the political situation over the centuries (the military conflicts – impeding the economic development, the cultural factors. At present, the region is confronted with the consequences of the worst economic and financial crisis o global economy since the end of World War II.

The Conceptual Framework for Ensuring Economic Safety of Corporate Integration Processes

Directory of Open Access Journals (Sweden)

Gutsaliuk Oleksii M.

2016-08-01

Full Text Available The objective growth of the number of displays and influence of negative factors of threats from the environment actualizes the issue of ensuring economic safety of national economic entities. The article notes that simultaneously with counteracting threats enterprises are working for development, one form of which is the establishment of corporate structures and implementation of integration processes. It is proposed to ensure achieving the desired level of the corporate structure economic safety through optimizing the correlation of resources and competencies, skills and technologies for their use within the integrated logistics value chain. In this case it is the implementation of the integration process that serves as an instrument for achieving this optimal correlation, and the level of economic safety is considered as one of the optimization criteria. The system of authors’ hypotheses is taken as the basis for ensuring economic safety of the corporate integration process. Each of the hypotheses corresponds to a set of conceptual principles aimed at practical implementation of the proposed approaches. Within these conceptual principles the relationship between incentives and benefits of integration and the basis for ensuring their safety is presented, the differences between safety of functioning and safety of development are studied, the use of the methodology of logistics to harmonize the interests of participants of the corporate structure is justified, the relevance of applying the resource approach to manage the integration and development safety is proved. The graphical representation of causal relationships between the proposed conceptual principles allowed formalizing the subject area of studying corporate integration safety

Thermodynamic and economic analysis on geothermal integrated combined-cycle power plants

International Nuclear Information System (INIS)

Bettocchi, R.; Cantore, G.; Negri di Montenegro, G.; Gadda, E.

1992-01-01

This paper considers geothermal integrated power plants obtained matching a geothermal plant with, a two pressure level combined plant. The purpose of the paper is the evaluation of thermodynamic and economic aspects on geothermal integrated combined-cycle power plant and a comparison with conventional solutions. The results show that the integrated combined plant power is greater than the sum of combined cycle and geothermal plant powers considered separately and that the integrated plant can offer economic benefits reaching the 16% of the total capital required

European Economics, Update. Another Ten Theses on the Economic Integration

Directory of Open Access Journals (Sweden)

Liviu C. ANDREI

2010-10-01

Full Text Available These theses, in their enunciation and debate sound like:I. There are both “incipient” and “advanced” integration processes; II. Integration changes its outline; III. There is also the „second European economics”; IV. The Communitarz Agricultural Programme (CAP, as a “mettre à l’abîme” of the whole integration process; V. The national economies convergency reads the condition of the Union itself; VI. The EU budget might be a political stake; VII. The European Monetary System (EMS is a... paradox; VIII. The public economy might be a “thorn in the unique market’s eye”; IX, Is the economic integration predestined to an unachieved strategy example?! X. Beyond all skepticism, it would be better out of the (need of integration.All of these above try to describe the picture of a half century process, in Europe. Plus, this tries to explain why Europe is different from the rest of the world, not necessarily more or less developed or well to do, as for a usual pattern.

Asia-Pacific Regional Economic Integration: Coopetition vs. Conflict

Directory of Open Access Journals (Sweden)

YuJane Chen

2016-04-01

Full Text Available In the era of economic globalization, promoting regional trade agreements or regional cooperation has become a plausible strategy to attract foreign direct investment and to promote national competitiveness at a global level. Nonetheless, facing the differential national economic interests and the needs of protection of domestic industries, as well as the diverse levels of economic liberalization domestically, the involvement of FTA negotiation in every country is universally in the situation of struggling between securing economic sovereignty and national economic development. Countries in the Asia-Pacific region are in the same situation. This article analyzes how countries balance between securing economic sovereignty and promoting national economic development when they are involved in TPP and RCEP negotiations. By confirming the appropriate linkage between each participating countries’ decision for balancing between domestic economic sovereignty and further integrating into regional economic cooperation institutions the validity of the proposition for this research project can be verified.

Economic School Integration: An Update. The Century Foundation Issue Brief Series.

Science.gov (United States)

Kahlenberg, Richard D.

In 2000, an Idea Brief asserted that the best way to improve education would be to give every schoolchild the opportunity to attend a middle class public school (economic school integration). This brief reviews recent research and policy developments regarding economic school integration, noting that school segregation based on socioeconomic…

76 FR 31425 - HIPAA Privacy Rule Accounting of Disclosures Under the Health Information Technology for Economic...

Science.gov (United States)

2011-05-31

... 164 HIPAA Privacy Rule Accounting of Disclosures Under the Health Information Technology for Economic... Secretary 45 CFR Part 164 RIN 0991-AB62 HIPAA Privacy Rule Accounting of Disclosures Under the Health... accounting of disclosures of protected health information. The purpose of these modifications is, in part, to...

Decision-Making Under Risk: Integrating Perspectives From Biology, Economics, and Psychology.

Science.gov (United States)

Mishra, Sandeep

2014-08-01

Decision-making under risk has been variably characterized and examined in many different disciplines. However, interdisciplinary integration has not been forthcoming. Classic theories of decision-making have not been amply revised in light of greater empirical data on actual patterns of decision-making behavior. Furthermore, the meta-theoretical framework of evolution by natural selection has been largely ignored in theories of decision-making under risk in the human behavioral sciences. In this review, I critically examine four of the most influential theories of decision-making from economics, psychology, and biology: expected utility theory, prospect theory, risk-sensitivity theory, and heuristic approaches. I focus especially on risk-sensitivity theory, which offers a framework for understanding decision-making under risk that explicitly involves evolutionary considerations. I also review robust empirical evidence for individual differences and environmental/situational factors that predict actual risky decision-making that any general theory must account for. Finally, I offer steps toward integrating various theoretical perspectives and empirical findings on risky decision-making. © 2014 by the Society for Personality and Social Psychology, Inc.

Separation – integration – and now …? - An historical perspective on the relationship between German management accounting and financial accounting

OpenAIRE

Brandau, M.; Endenich, C.; Luther, R.; Trapp, R.

2017-01-01

German accounting has traditionally followed a dual ledger approach with strictly separated internal cost accounting, as the basis for management information, and external financial accounting focusing on creditor protection and based on the commercial law. However, the increased adoption of integrated accounting system implies a significant change in the relationship between financial and management accounting systems. We use Hegelian dialectic to trace the historical development of German a...

Integrated environmental policy: A review of economic analysis.

Science.gov (United States)

Wiesmeth, Hans; Häckl, Dennis

2017-04-01

Holistic environmental policies, which emerged from a mere combination of technical activities in waste management some 40 years ago, constitute the most advanced level of environmental policies. These approaches to environmental policy, among them the policies in integrated waste management, attempt to guide economic agents to an environment-friendly behaviour. Nevertheless, current holistic policies in waste management, including policies on one-way drinks containers and waste electrical and electronic equipment, and implementations of extended producer responsibility with further applications to waste electrical and electronic equipment, reveal more or less severe deficiencies - despite some positive examples. This article relates these policy failures, which are not necessarily the result of an insufficient compliance with the regulations, to missing constitutive elements of what is going to be called an 'integrated environmental policy'. This article therefore investigates - mostly from a practical point of view - constitutive elements, which are necessary for a holistic policy to serve as a well-functioning allocation mechanism. As these constitutive elements result from a careful 'integration' of the environmental commodities into the economic allocation problems, we refer to these policies as 'integrated environmental policies'. The article also discusses and illustrates the main steps of designing such a policy - for waste electrical and electronic equipment and a (possible) ban of Glyphosat in agriculture. As these policies are dependent on economic and political stability with environmental awareness sufficiently developed, the article addresses mostly waste management policies in highly industrialised countries.

Elements for a comprehensive assessment of natural resources: bridging environmental economics with ecological economics

International Nuclear Information System (INIS)

Rodriguez Romero, Paulo Cesar; Cubillos Gonzalez, Alexander

2012-01-01

The predominance of economic assessments regarding the value of natural resources has caused a sub-valuing of the real benefits which societies can obtain from nature. This is due to a lack of knowledge about the complexity of ecological functions, as well as a dismissal of the integrated relations of the sub-systems which make up the environment. It is therefore necessary to establish conceptual bridges between environmental sciences to fill in the gaps in economic valuation methods by recurring to diverse measuring scales, participation from the different actors involved, and a principle of precaution regarding the limits of nature. This paper explores the concepts of value and economic valuation methods from the perspectives of Environmental Economics and Ecological Economics. It then proposes an integration of valuing methodologies which take into account how complementary and complex natures value relations are. This proposal of valuing integrally ecosystem goods and services contributes to adjusting political decisions more accordingly to real environmental conditions.

Economic integration and corruption: The corrupt soul of the European Union

OpenAIRE

Juan J. Ganuza; Esther Hauk

2000-01-01

We study the link between corruption and economic integration. We show that if an economic union establishes a common regulation for public procurement, the country more prone to corruption benefits more from integration. However, if the propensities to corruption are too distinct, the less corrupt country will not be willing to join the union. This difference in corruption propensities can be offset by a difference in efficiency. We also show that corruption is lower if integration occurs. A...

Governance through Economic Paradigms: Addressing Climate Change by Accounting for Health

Directory of Open Access Journals (Sweden)

Kristine Belesova

2016-12-01

Full Text Available Climate change is a major challenge for sustainable development, impacting human health, wellbeing, security, and livelihoods. While the post-2015 development agenda sets out action on climate change as one of the Sustainable Development Goals, there is little provision on how this can be achieved in tandem with the desired economic progress and the required improvements in health and wellbeing. This paper examines synergies and tensions between the goals addressing climate change and economic progress. We identify reductionist approaches in economics, such as ‘externalities’, reliance on the metric of the Gross Domestic Product, positive discount rates, and short-term profit targets as some of the key sources of tensions between these goals. Such reductionist approaches could be addressed by intersectoral governance mechanisms. Health in All Policies, health-sensitive macro-economic progress indicators, and accounting for long-term and non-monetary values are some of the approaches that could be adapted and used in governance for the SDGs. Policy framing of climate change and similar issues should facilitate development of intersectoral governance approaches.

Notes on Economic Depreciation of Natural Resource Stocks and National Accounting

OpenAIRE

John W. Hartwick

1991-01-01

We consider numerous variations on the theme that stock diminution weighted by marginal rent should be netted from basic NNP to account for economic depreciation of natural stocks. Mineral discoveries, durable exhaustible resources, and mining pollution effects are examined. Capital appreciation from transforming land in virgin forest to land in agriculture is considered. Attention is paid to second best prices.

Motivations, Costs and Results of AOL: Perceptions of Accounting and Economics Faculty

Science.gov (United States)

Eschenfelder, Mark J.; Bryan, Lois D.; Lee, Tanya M.

2014-01-01

The emphasis of the Association to Advance Collegiate Schools of Business (AACSB) on improving student learning through Assurance of Learning (AOL) makes faculty involvement in the process at AACSB accredited schools important. This study examines the attitudes of accounting and economics faculty at AACSB accredited institutions toward the AOL…

Annual Financial Statements as Way of Communicate the Accounting Information in the Economic Environment

OpenAIRE

Ovidia DOINEA

2008-01-01

The accounting synthesis documents represents an informing social system created for the satisfaction of the informing user’s needs, needs determined by political and social purposes. The financial informing policies described by the annual synthesis accounting documents architecture are different in accordance with their needs. The official documents for presenting the financial – economical situation are the annual financial statements.

Economic and Geopolitical Integration between Morocco and Algeria

National Research Council Canada - National Science Library

Sanhaji, Hamid

2005-01-01

.... Greater integration will achieve two main goals. First, it will help both economies by boosting trade between the two countries and by preventing "political" barriers from undermining economic exchange...

Performing Economic Evaluation of Integrated Care: Highway to Hell or Stairway to Heaven?

Science.gov (United States)

Stein, K. Viktoria; Evers, Silvia; Rutten-van Mölken, Maureen

2016-01-01

Health economists are increasingly interested in integrated care in order to support decision-makers to find cost-effective solutions able to tackle the threat that chronic diseases pose on population health and health and social care budgets. However, economic evaluation in integrated care is still in its early years, facing several difficulties. The aim of this paper is to describe the unique nature of integrated care as a topic for economic evaluation, explore the obstacles to perform economic evaluation, discuss methods and techniques that can be used to address them, and set the basis to develop a research agenda for health economics in integrated care. The paper joins the voices that call health economists to pay more attention to integrated care and argues that there should be no more time wasted for doing it. PMID:28316543

Experiential Learning in Accounting Work-Integrated Learning: A Three-Way Partnership

Science.gov (United States)

Elijido-Ten, Evangeline; Kloot, Louise

2015-01-01

Purpose: Work-integrated learning (WIL) helps improve the work readiness of accounting graduates. The purpose of this paper is to explore the role played by large and small-to-medium enterprise (SME) employers in providing experiential learning opportunities to accounting students in an Australian higher education context.…

Integrating scientific, economic, and ecological aspects of global change

International Nuclear Information System (INIS)

Jacoby, H.D.; Yang, Z.

1994-01-01

The MIT Joint Program on the Science and Policy of Global Change is conducting research on methods for integrating the science of potential global change with economic analysis of litigation policies and quantification of economic and environmental impacts. The paper describes this work, with a focus on the way that research within the various contributing disciplines, and the design of their associated models, are influenced by the process of inclusion in an integrated framework for policy analysis. The results should contribute new insight into the relative importance of key feedbacks within the economy-climate-ecology system

Building an Economic and Mathematical Model of Influence of Integration Processes Upon Development of Tourism in Ukraine

Directory of Open Access Journals (Sweden)

Yemets Mariya S.

2013-12-01

Full Text Available Today Ukraine actively searches for its own way in the world integration processes, demonstrates a multi-vector foreign economic policy and carries out movement in the direction of integration with the EU and CIS countries. Taking into account establishment of international tourist relations, the main task of Ukraine is getting a bigger share of the world tourist arrivals. That is why, in order to study influence of integration processes upon development of tourism in the country, the author offers the following model: building regression equations of the share of export of tourist services of Ukraine for CIS and EU countries with the aim of the further comparative analysis. The conducted analysis allows making a conclusion that integration factors influence development of international tourism, however it is proved that this influence is not unequivocal and in some cases even inconsistent. Identification of directions of such an inter-dependency allows building an efficient tourist policy by means of selection of adaptive directions of integration.

The International harmonisation process of Accounting Standards

OpenAIRE

Fritz, Susanne; Lämmle, Christina

2003-01-01

Background: Growth in international trade and capital flows has triggered a rising economic integration. Because of these developments there has been an international homogenising effect upon many customs, practices and institutions. In business life it led among other things to a desire to harmonise Accounting Standards among countries. Purpose: Our purpose is to answer the question: What is the international harmonisation process of Accounting Standards, what is its status quo and how impo...

Role of materials accounting in integrated safeguards systems for reprocessing plants

International Nuclear Information System (INIS)

Hakkila, E.A.; Gutmacher, R.G.; Markin, J.T.; Shipley, J.P.; Whitty, W.J.

1981-01-01

Integration of materials accounting and containment/surveillance techniques for international safeguards requires careful examination and definition of suitable inspector activities for verification of operator's materials accounting data. The inspector's verification procedures are designed to protect against data falsification and/or the use of measurement uncertainties to conceal missing material. Materials accounting activities are developed to provide an effective international safeguards system when combined with containment/surveillance activities described in a companion paper

Interpretations of integration in early accountable care organizations.

Science.gov (United States)

Kreindler, Sara A; Larson, Bridget K; Wu, Frances M; Carluzzo, Kathleen L; Gbemudu, Josette N; Struthers, Ashley; VAN Citters, Aricca D; Shortell, Stephen M; Nelson, Eugene C; Fisher, Elliott S

2012-09-01

It is widely hoped that accountable care organizations (ACOs) will improve health care quality and reduce costs by fostering integration among diverse provider groups. But how do implementers actually envision integration, and what will integration mean in terms of managing the many social identities that ACOs bring together? Using the lens of the social identity approach, this qualitative study examined how four nascent ACOs engaged with the concept of integration. During multiday site visits, we conducted interviews (114 managers and physicians), observations, and document reviews. In no case was the ACO interpreted as a new, overarching entity uniting disparate groups; rather, each site offered a unique interpretation that flowed from its existing strategies for social-identity management: An independent practice association preserved members' cherished value of autonomy by emphasizing coordination, not "integration"; a medical group promoted integration within its employed core, but not with affiliates; a hospital, engaging community physicians who mistrusted integrated systems, reimagined integration as an equal partnership; an integrated delivery system advanced its careful journey towards intergroup consensus by presenting the ACO as a cultural, not structural, change. The ACO appears to be a model flexible enough to work in synchrony with whatever social strategies are most context appropriate, with the potential to promote alignment and functional integration without demanding common identification with a superordinate group. "Soft integration" may be a promising alternative to the vertically integrated model that, though widely assumed to be ideal, has remained unattainable for most organizations. © 2012 Milbank Memorial Fund.

Historical aspects of arising and features of activity of startup companies: accounting and economic aspects

Directory of Open Access Journals (Sweden)

S.F. Legenchuk

2016-07-01

Full Text Available The history of arising and development of the concept of «startup company» have been studied and the importance of their activities have been determined. Using the largest startups (Amazon, Google, Salesforce, VMware, Facebook, Twitter, Groupon, Zynga and Аpple the main components of their activity have been determined. Because of the lack of the scientific literature that directly investigated this topic the approaches of different authors from electronic sources have been systematized and the most used of them have been analyzed. The own vision of the definition of «startup company» and its key features have been formulated as a result of the research. The place of a startup company in the system of economic categories such as an economic activity, results of company activities, accounting, analysis and risks have been determined. The impact of the consequences of risks (positive and negative of economic activity on the future of companies have been considered. The value of accounting and analysis for the economic activity of startup companies have been evaluated.

Economic development through biomass system integration: Volume 1

Energy Technology Data Exchange (ETDEWEB)

DeLong, M.M. [Northern States Power Co., Minneapolis, MN (United States)

1995-10-01

This report documents a feasibility study for an integrated biomass power system, where an energy crop (alfalfa) is the feedstock for a processing plant and a power plant (integrated gasification combined cycle) in a way that benefits the facility owners. Chapters describe alfalfa basics, production risks, production economics, transportation and storage, processing, products, market analysis, business analysis, environmental impact, and policy issues. 69 figs., 63 tabs.

Europe's economic integration: Maastricht and Europe. Europas wirtschaftliche Integration: Maastricht und Europa

Energy Technology Data Exchange (ETDEWEB)

Jaeggi, U. (DuPont de Nemours International S.A., Genf (Switzerland))

1994-10-01

The Maastricht Treaty is a decisive step towards Europe's economic integration, which will ultimately provide an alignment of economic policies and a common currency. Companies wishing to keep abreast of their competitors and contribute to improving the competitivity of Europe's industry are faced with the challenge of changing their traditional ways of business relations. (orig.)

EXCHANGE RATE DIFFERENCES-THE ACCOUNTING TREATMENT AND ITS INFLUENCE ON THE FINANCIAL PERFORMANCE OF AN ECONOMIC ENTITY

Directory of Open Access Journals (Sweden)

Nicoleta Cristina MATEI

2016-06-01

Full Text Available Currency rate differences arise when there are certain debt rights or obligations in foreign currency of an economic entity which are collected, i.e. paid for at a different course from the one displayed by the Romanian National Bank on the date of their establishment. Such differences, according to the situation, generate expenditure or revenue which affects a company's financial result and, consequently, the accountant result as well. The results registered by an economic entity presented in the Profit and Loss Account provide information about its financial performance. This performance can be influenced by the favorable or unfavorable exchange rate differences existing when an economic entity carries out transactions or has incurred foreign currency loans having a significant share in the total amount of transactions or in capitals. The present paper shows the accounting treatment of the exchange rate differences and its impact on the financial performance.

Economic Exposure and Integrated Risk Management

OpenAIRE

Miller, Kent D.

1994-01-01

Most corporate risk management research focuses on particular risk exposures to the exclusion of other interrelated exposures. By contrast, this study models corporate risk exposures using a multivariate approach integrating the distinct exposures of interest to finance and strategy researchers. The paper addresses the implications of multivariate modeling for corporate risk management, some key methodological issues arising in empirical estimation of corporate economic exposrues, and direc...

DUALITY IN SMALL AND MEDIUM ENTERPRISE ACCOUNTING PRACTICES

Directory of Open Access Journals (Sweden)

Fadilla Cahyaningtyas

2017-12-01

Full Text Available This research is aimed to comprehend the accounting practice and its benefit in triggering one of the most credible SMEs in Malang City to succeed, SME Garuda Jaya. The analytical tool used in this research is transcendental phenomenology. Based on data analysis, two kinds of accounting practices are: (1 accounting practice of mind and memory; and (2 accounting notation to the arrangement of basic financial statements in the form of balance sheets and Profit/ Loss (L / R. both practical accounting establishes duality practices, a practice that combines two distinct and different things into integral and appropriate things to do an accounting practice. Therefore, first, duality practices seek to make synergistic social and economic value. Second, the practice of duality establishes the integration of "masculine" and "feminist" characters to achieve business success, which not only places the orientation into the material aspects of earning income but also on environmental and social responsibility.

The economic and political integration of Europe

International Nuclear Information System (INIS)

Anon.

1992-01-01

This book covers issues concerning US coal and mineral exports to Europe in the wake of the economic and political integration of Europe. Topics addressed include: The European Energy Charter; the implications of the European Energy Charter for coal companies; and tax issues, coal development and the European Common Market

Study Concerning the Measure of Using Accounting, Economical and Administrative Evaluation in Practice

Directory of Open Access Journals (Sweden)

Dreghiciu Andreea Elena

2017-01-01

Starting from the purpose for which the evaluation is requested, this can be accountingevaluation, administrative evaluation and respectively economical – financial evaluation. Thepurpose of accounting evaluation is to elaborate financial reports, and administrative, economicaland financial evaluations have the purpose of determining the market value for different reasons.

Comparative techno-economic assessment and LCA of selected integrated sugarcane-based biorefineries.

Science.gov (United States)

Gnansounou, Edgard; Vaskan, Pavel; Pachón, Elia Ruiz

2015-11-01

This work addresses the economic and environmental performance of integrated biorefineries based on sugarcane juice and residues. Four multiproduct scenarios were considered; two from sugar mills and the others from ethanol distilleries. They are integrated biorefineries producing first (1G) and second (2G) generation ethanol, sugar, molasses (for animal feed) and electricity in the context of Brazil. The scenarios were analysed and compared using techno-economic value-based approach and LCA methodology. The results show that the best economic configuration is provided by a scenario with largest ethanol production while the best environmental performance is presented by a scenario with full integration sugar - 1G2G ethanol production. Copyright © 2015 Elsevier Ltd. All rights reserved.

Deepening the economic integration in the Eastern Partnership: from a Free Trade Area to a Neighbourhood Economic Community?

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Gabriela DRĂGAN

2015-12-01

Full Text Available Different forms of cooperation and regional integration, implying specific institutional agreements and instruments, have been developed in the last decades in the EU neighbourhood. The offer provided by the Eastern Partnership (EaP, which includes both economic and political objectives, has not proven attractive enough for the Eastern Neighbourhood. The region is currently divided between two global powers (EU and Russia and two competing regional integration areas, the Deep and Comprehensive Free Trade Area and the Eurasian Single Economic Space. The paper focuses on the main limits of the economic tools included in the EU’s current offer and proposes several directions for EaP’s reform.

Optimal fiscal barriers to international economic integration in the presence of tax havens

DEFF Research Database (Denmark)

Johannesen, Niels

2012-01-01

This paper develops a model where firms can shift profits to tax havens by means of intra-firm loans and countries can protect themselves against profit shifting by taxing cross-border interest flows. The model considers two countries with a scope for welfare improving economic integration....... The first-best tax system has two important characteristics: (i) the tax rate on interest flows to the other country is zero to ensure the optimal level of economic integration; (ii) the tax rate on interest flows to tax havens is high enough to deter profit shifting to tax havens. In second......-best environments, countries face a trade-off between economic integration and protection against tax havens, which causes protection to be suboptimally low. The key to the result is that economic integration makes it easier for multinational firms to circumvent taxes on interest payments to tax havens with conduit...

PLACING ACCOUNTING AMONG SCIENCES

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Mihai Deju

2013-12-01

Full Text Available Framing accounting as a science has been carried out in close connection with the development of knowledge in this field and with the meaning given to this concept of “science”. Recognizing accounting as scientific field by specialists is due to the fact that it features a combination of accounting theory and methods for the development and application of these theories. Accounting is a scientific discipline in the social sciences because: it is a creation of the human being in response to practical needs; it reflects phenomena, activities and social facts; it addresses various groups of users (managers, bankers, shareholders, employees, tax bodies, etc. which are an integral part of society; it offers information necessary to decision-making, most of the times with impact on the behaviour of individuals; it is influenced by the economic, social, legal and political environment, that is by social phenomena.

Accounting for household heterogeneity in general equilibrium economic growth models

International Nuclear Information System (INIS)

Melnikov, N.B.; O'Neill, B.C.; Dalton, M.G.

2012-01-01

We describe and evaluate a new method of aggregating heterogeneous households that allows for the representation of changing demographic composition in a multi-sector economic growth model. The method is based on a utility and labor supply calibration that takes into account time variations in demographic characteristics of the population. We test the method using the Population-Environment-Technology (PET) model by comparing energy and emissions projections employing the aggregate representation of households to projections representing different household types explicitly. Results show that the difference between the two approaches in terms of total demand for energy and consumption goods is negligible for a wide range of model parameters. Our approach allows the effects of population aging, urbanization, and other forms of compositional change on energy demand and CO 2 emissions to be estimated and compared in a computationally manageable manner using a representative household under assumptions and functional forms that are standard in economic growth models.

Entropy-based analysis and bioinformatics-inspired integration of global economic information transfer.

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Jinkyu Kim

Full Text Available The assessment of information transfer in the global economic network helps to understand the current environment and the outlook of an economy. Most approaches on global networks extract information transfer based mainly on a single variable. This paper establishes an entirely new bioinformatics-inspired approach to integrating information transfer derived from multiple variables and develops an international economic network accordingly. In the proposed methodology, we first construct the transfer entropies (TEs between various intra- and inter-country pairs of economic time series variables, test their significances, and then use a weighted sum approach to aggregate information captured in each TE. Through a simulation study, the new method is shown to deliver better information integration compared to existing integration methods in that it can be applied even when intra-country variables are correlated. Empirical investigation with the real world data reveals that Western countries are more influential in the global economic network and that Japan has become less influential following the Asian currency crisis.

Entropy-based analysis and bioinformatics-inspired integration of global economic information transfer.

Science.gov (United States)

Kim, Jinkyu; Kim, Gunn; An, Sungbae; Kwon, Young-Kyun; Yoon, Sungroh

2013-01-01

The assessment of information transfer in the global economic network helps to understand the current environment and the outlook of an economy. Most approaches on global networks extract information transfer based mainly on a single variable. This paper establishes an entirely new bioinformatics-inspired approach to integrating information transfer derived from multiple variables and develops an international economic network accordingly. In the proposed methodology, we first construct the transfer entropies (TEs) between various intra- and inter-country pairs of economic time series variables, test their significances, and then use a weighted sum approach to aggregate information captured in each TE. Through a simulation study, the new method is shown to deliver better information integration compared to existing integration methods in that it can be applied even when intra-country variables are correlated. Empirical investigation with the real world data reveals that Western countries are more influential in the global economic network and that Japan has become less influential following the Asian currency crisis.

Ecological economics of North American integration: the reshaping of the economic landscape in the Santiago river basin

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Salvador Peniche Camps

2017-06-01

Full Text Available Ecological Economics studies social metabolism; that is, the material and energy flow into and out of the economy. Using the ecological economics perspective, we analyse the transformation of the economic landscape of the Santiago river basin, Mexico. We discuss why the appropriation of water resources is one of the most important drivers of North American economic integration. We argue that the theoretical model of neo-extractivism can explain the dynamics of social metabolism behind the North American Free Trade Agreement (NAFTA.

Modes of Innovation and the Prospects for Economic Integration in ...

African Journals Online (AJOL)

This article develops and applies a concept of modes of innovation to the issue of economic development and the integration of African economies. This concept, which is located in the systems of innovation approach to economic dynamics, is first developed in the context of the development of capitalism. It is then applied ...

An economic analysis of the European commission’s proposal for a European account

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Nicolas Kyriakides

2013-12-01

Full Text Available This paper performs an economic analysis of the European Commission’s proposal for a European-wide preservation order. Bentham’s utilitarianism theory suggests that legislators must take into mind the pleasures and pains associated with any legislation and to form laws in order to create the greatest good for the greatest number. These ideas are reflected in the modern economic theories of welfare economics. But are these principles sufficient to create effective legal rules and achieve justice? Section 2 of this work analyzes the difficulties in obtaining a provisional measure to preserve another party’s assets in another Member State of the European Union (“EU”. Section 3 sets out the Commission’s proposal for a European Account Preservation Order (“EAPO”. Section 4 applies welfare economics principles in order to identify the effect of legal rules related to this proposal, while it proposes an alternative approach to these principles. Lastly, section 4 makes suggestions on the proposal based on this alternative approach.

Economic Integration and Foreign Direct Investment: Review of Main Theoretical Concepts

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Adam MARSZK

2014-10-01

Full Text Available The objective of the article is to present key theoretical relationships between economic integration and FDI flows. The research method used is a comprehensive literature review. Most influential publications, including books, articles, working papers, etc. contributing to the subject were identified. The review consists of two essential parts: theory of FDI, and theoretical relationships between economic integration and FDI flows. Finally, the outlined publications were discussed and critiqued, including the empirical context, i.e. empirical verification of the presented links.

Infrastructure development for ASEAN economic integration

OpenAIRE

Bhattacharyay, Biswa Nath

2009-01-01

With a population of 600 million, ASEAN is considered to be one of the most diverse regions in the world. It is also one of the world's fastest growing regions. ASEAN's aim is to evolve into an integrated economic community by 2015. Crucial to achieving this ambitious target is cooperation in infrastructure development for physical connectivity, particularly in cross-border infrastructure. This paper provides an overview of the quantity and quality of existing infrastructure in ASEAN member c...

Accounting for the risk of extreme outcomes in an integrated assessment of climate change

International Nuclear Information System (INIS)

Gerst, Michael D.; Howarth, Richard B.; Borsuk, Mark E.

2010-01-01

The potential for climate catastrophes, represented by 'fat-tailed' distributions on consequences, has attracted much attention recently. To date, however, most integrated assessment models have either been largely deterministic or deterministic with ex-post sensitivity analysis. The conclusions of such analyses are likely to differ from those employing models that accurately characterize society's joint preferences concerning time and risk, especially when distributions are fat-tailed. Using a dynamic stochastic general equilibrium model adapted from Nordhaus's DICE model, we show that failing to accurately account for risk can lead to substantial underestimation of the net benefits of greenhouse gas abatement. A robust finding of our analysis is that a lenient 'policy ramp' emissions reduction strategy is preferable over a more aggressive strategy-such as that advocated by the Stern Review-only if the model does not account for uncertainty about the climate system, the carbon cycle and economic damages, and specifies a consumption discount rate that is counterfactually higher than the historical global weighted average cost of capital of 4.0%. In the debate over uncertainty and time discounting, our results imply that what matters most in climate change assessment is the inclusion and particular specification of uncertainty rather than the precise choice of discount rate.

Methodological Bases for Describing Risks of the Enterprise Business Model in Integrated Reporting

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Nesterenko Oksana O.

2017-12-01

Full Text Available The aim of the article is to substantiate the methodological bases for describing the business and accounting risks of an enterprise business model in integrated reporting for their timely detection and assessment, and develop methods for their leveling or minimizing and possible prevention. It is proposed to consider risks in the process of forming integrated reporting from two sides: first, risks that arise in the business model of an organization and should be disclosed in its integrated report; second, accounting risks of integrated reporting, which should be taken into account by members of the cross-sectoral working group and management personnel in the process of forming and promulgating integrated reporting. To develop an adequate accounting and analytical tool for disclosure of information about the risks of the business model and integrated reporting, their leveling or minimization, in the article a terminological analysis of the essence of entrepreneurial and accounting risks is carried out. The entrepreneurial risk is defined as an objective-subjective economic category that characterizes the probability of negative or positive consequences of economic-social-ecological activity within the framework of the business model of an enterprise under uncertainty. The accounting risk is suggested to be understood as the probability of unfavorable consequences as a result of organizational, methodological errors in the integrated accounting system, which present threat to the quality, accuracy and reliability of the reporting information on economic, social and environmental activities in integrated reporting as well as threat of inappropriate decision-making by stakeholders based on the integrated report. For the timely identification of business risks and maximum leveling of the influence of accounting risks on the process of formation and publication of integrated reporting, in the study the place of entrepreneurial and accounting risks in

Issues Of Managerial Accounting Methodology

OpenAIRE

Barulina E.V; Barulina M.S

2012-01-01

This article deals with management accounting, its role and objectives during financial planning process. Research of on American, German and Russian scientists are also considered. Author formulates his own definitions of aims of management accounting, highlighters that object of financial accounting have to include economic costs, economic revenue and economic added value, economic interest. More  over Author defines methods of managment accounting.

Integrating global socio-economic influences into a regional land use change model for China

Science.gov (United States)

Xu, Xia; Gao, Qiong; Peng, Changhui; Cui, Xuefeng; Liu, Yinghui; Jiang, Li

2014-03-01

With rapid economic development and urbanization, land use in China has experienced huge changes in recent years; and this will probably continue in the future. Land use problems in China are urgent and need further study. Rapid land-use change and economic development make China an ideal region for integrated land use change studies, particularly the examination of multiple factors and global-regional interactions in the context of global economic integration. This paper presents an integrated modeling approach to examine the impact of global socio-economic processes on land use changes at a regional scale. We develop an integrated model system by coupling a simple global socio-economic model (GLOBFOOD) and regional spatial allocation model (CLUE). The model system is illustrated with an application to land use in China. For a given climate change, population growth, and various socio-economic situations, a global socio-economic model simulates the impact of global market and economy on land use, and quantifies changes of different land use types. The land use spatial distribution model decides the type of land use most appropriate in each spatial grid by employing a weighted suitability index, derived from expert knowledge about the ecosystem state and site conditions. A series of model simulations will be conducted and analyzed to demonstrate the ability of the integrated model to link global socioeconomic factors with regional land use changes in China. The results allow an exploration of the future dynamics of land use and landscapes in China.

Techno-economic analysis of solar integrated hydrothermal liquefaction of microalgae

International Nuclear Information System (INIS)

Pearce, Matthew; Shemfe, Mobolaji; Sansom, Christopher

2016-01-01

Highlights: • Hydrothermal liquefaction and concentrated solar power provide integrated biofuel technology. • Heat kinetics and energy efficiency Aspen plus modelling of CSP and HTL. • Microalgae biofuel minimum fuel sales price of $1.23/kg. - Abstract: Integration of Hydrothermal Liquefaction (HTL) of microalgae biomass with concentrated solar power thermal processing (CSP) for bio-oil production is a potential processing pathway for energy efficient generation of renewable biofuels. Solar HTL infrastructure avoids additional bolt-on components of conventional solar parabolic trough systems used for electricity production including heat transfer fluids, counter current heat exchangers, fluid transfer interconnectivity and electrical power control systems. The absence of such capital intensive additional equipment considerably reduces the production costs of solar HTL biofuels compared to electricity generation from conventional CSP power systems. An economic and market appraisal of variance and system economic resilience is presented. It is hypothesised that the combination of nutrient recycling with HTL/CSP unification has the potential for economically sustainable microalgae bio-oil production. A microalgae biofuel minimum fuel sales price of $1.23/kg has been modelled. Further experimental work would be able to validate this integrated model.

Economic Globalization - a Phenomenon of Global Business Integration

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Radu-Marcel Joia

2012-05-01

Full Text Available Tumultuous economic life led scientists to seek explanations to the negative economic events,events that take many forms, and to whom it is a must to find a solution or even a mitigating factor. Thefoundation of the economy has undergone many changes. The recent events manifested in the world economyshow that the underlying fundamentals of this science must be revised because they proved to be wrong. Itnotes several times, mainly due to present economic crisis, that currently the economics have no theoreticaland practical means and no tools of analysis and intervention in the economy, proving that the existing onesare exceeded and insufficient, so that the creation of an unifying principle and of some generalizing conceptsthat could systematize and forecast the current economic phenomena in the microeconomics andmacroeconomics, especially in the transnational companies field, those which are the base of the foreigndirect investment flows, should become the main objective of the new economic science. Through this paper,we tried to illustrate the important aspects of economic globalization, the challenges that this phenomenonposes to economies and the way in which an economy can become globally competitive, under massiveconstraints of the global competition, how a national company can become globally integrated, study basedon representative references.

The Integrative Dimension of the Economic Globalization in European Space

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Daniela Mariana Alexandrache

2010-06-01

Full Text Available We believe that globalization and its socio-economic implications of the world and world economic crisis is one of the most debated issues from several years. The publication "The Economist’’ named globalization as the most used word of the century. The most relevant dimension of globalization is the economy with the more dynamic factors: technological development, the hegemony of liberal conceptions (closely linked to the triumph of the ideology of market economy and explosive development of countries or regions. Economic globalization has manifested a series of visible effects such as: the emergence of new markets and foreign trade (interconnected at global level, the appearance of: transnational companies, multilateral agreements on trade, broadening the scope of WTO, transformation of multinational companies in transnational companies and the emergence of global economic markets. Regionally, we noticed that the trendof concentration of economic activity is more pronounced and advanced in the European continent. Expanding globalization in Europe was achieved because of the fall of communism, and the neoliberal reformation which took place in Western European countries. Events like the fall of the Berlin Wall, followed by the fall of communism eradicated many political, economic, religious or cultural barriers. There were born new relations between state and market, public and private. European Union is, in our view, a regional office ofglobalization, representing the best performing integrative system in the world (by creating free trade area, customs union, common market, the Economic and Monetary Union. In terms of the European Commission,European model is a third way towards globalization, a middle path between protectionism and uncontrolled economy. To understand why the EU is an advanced approximation of globalization, perhaps a regional model of globalization, we must first understand the link between globalization and regional

Influences of Economic Theories on Accounting Theory: the case of the Objective Function of the Firm

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Lineker Costa Passos

2016-10-01

Full Text Available This essay aims to establish the relationship between the theoretical precepts that guide the accounting disclosure procedures for its stakeholders, both internal and external, and the two main theoretical trends that address the firm’s objective function: the Shareholder theory and the Stakeholder theory. In the perspective of the Shareholder theory, the firm has to define a single objective, which is to maximize shareholder wealth. In the context of Stakeholders theory, the firm must establish a multiple objective, which is to meet the interests of all those involved with its activities. We discuss to what extent theories, standards and accounting practices emanate from the concepts of the two models, especially regarding the users’ demand for useful and relevant information. There is a predominance of Shareholder theory in influencing accounting principles that guide the disclosure of information, although different accounting reports are already discussed and presented, oriented to the Stakeholders of the firm, without establishing a set of concepts that explain and justify them within the scope of Accounting theory. Additionally, it is argued that, all things taken into consideration, both currents of the Economic theory point in the same direction: to seek the wellbeing of the firm’s stakeholders. The research contributes to the accounting literature, in the sense of clarifying the impacts arising from the two economic models that deal with the objective function of the firm in the evolution of Accounting theory, not yet captured directly in the discussion of the fundamentals of accounting theory.

Integrating System Dynamic and Fuzzy Logic for Economic Assessment of BOT Projects

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Farnad Nasirzadeh

2016-03-01

Full Text Available The selection of the most appropriate project for the investment is one of the most important decisions that should be made by the private investors. This problem is of vital importance in BOT projects, where the total investment as well as the investor's profit should be recovered by the project's income. There are several approaches proposed by the researchers to determine the best economical project in comparison to other projects. The previous researches, however, faced with some major defects. As an example, the effects of various factors affecting the project evaluation process as well as the existing risks and uncertainties are not taken into account. In this research, economic assessment of BOT projects is performed by integrating system dynamic simulation approach and fuzzy logic. For this purpose, first the project's NPV is modeled considering all the influencing factors qualitatively. The relationships that exist between different factors are then determined and the quantitative model is built. Using the developed model, the value of NPV is simulated considering the effects of all the influencing factors and the existing uncertainties. Finally, the value of project's NPV is determined as a triangular fuzzy number. Finally, the best alternative project is selected by comparing the simulated values of NPV. To evaluate the capabilities and performance of the proposed model, the project economical evaluation is performed for two highway projects and the best project is selected.

Modern Determinants of Countries’ Economic Power

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Oleksii Chugaiev

2017-02-01

Full Text Available The economic power of a country is the ability of all its residents to influence the other subjects of international economic relations by economic means and to withstand external impact. The abstract nature, multidimensionality and complexity of the concept of economic power determine the plurality of methods for its quantitative measurement. The examples of the existing assessments of countries' economic power at the beginning of the 21st century are given based on its key determinants. The methods based on the criteria of GDP, national wealth, trade sphere of influence, multi-component indices and subjective assessments are preferably used. Most assessments show the distribution of economic power between countries in a fairly similar way. However, the methods based on national wealth and its components give a distinct advantage to developed countries, and the methods of subjective assessments in individual countries can show unexpected results. The problematic aspects of the existing methods include the failure to take into account economic dynamics, informal economy, environmental impact, non-periodicity of statistical data publication, coverage of a part of economic entities, one-dimensionality, arbitrary weighting coefficients of factors or duplication of information. We propose the economic power index based on fixed values and dynamics of adjusted net national income. The application of such index made it possible to assess the economic power of the vast majority of countries and a number of integrated entities. The leading countries, i.e. USA and China, were similarly assessed. Taking into account the incomplete integration, the EU takes the third place. The developed countries account for a half of economic power of the world’s countries, the newly industrialized countries — for more than one third, the least developed countries — for less than 1 per cent. The enhancing effect of integrated entities on their key member states was

Economics of integrated MTBE/TAME/DIPE production

International Nuclear Information System (INIS)

Denney, R.G.

1993-01-01

Because of the 1990 Clean Air Act (CAA), the 1993 demand for oxygenates (i.e. MTBE, TAME, DIPE) for motor gasoline blending in PADD IV and V is estimated to total 166,000 bpd. Existing PADD IV and V oxygenate producers can only supply about 13% of this demand. The shortfall must be supplied from oxygenate producers in PADD III or from Canadian and offshore sources. This paper examines the economics of locating an integrated plant in Southwest Wyoming (PADD IV), to supply approximately 6,800 bpd of the PADD IV and V demand by producing MTBE, TAME, and DIPE from natural gas liquids (NGL). The Southwest Wyoming location offers the advantage of being closer to the PADD IV and V markets than the producers in PADD III and the availability of a relatively inexpensive NGL feedstock that has no other market than the Midwest or US Gulf Coast via MAPCO's NGL pipeline. With these location and feedstock cost advantages, the Southwest Wyoming integrated MTBE, TAME, DIPE plant offers an attractive return on investment and economics comparable to those of a World Scale, 12,500 bpd mixed butane feed MTBE plant in PADD III

Ecosystem services and economic theory: integration for policy-relevant research.

Science.gov (United States)

Fisher, Brendan; Turner, Kerry; Zylstra, Matthew; Brouwer, Roy; de Groot, Rudolf; Farber, Stephen; Ferraro, Paul; Green, Rhys; Hadley, David; Harlow, Julian; Jefferiss, Paul; Kirkby, Chris; Morling, Paul; Mowatt, Shaun; Naidoo, Robin; Paavola, Jouni; Strassburg, Bernardo; Yu, Doug; Balmford, Andrew

2008-12-01

It has become essential in policy and decision-making circles to think about the economic benefits (in addition to moral and scientific motivations) humans derive from well-functioning ecosystems. The concept of ecosystem services has been developed to address this link between ecosystems and human welfare. Since policy decisions are often evaluated through cost-benefit assessments, an economic analysis can help make ecosystem service research operational. In this paper we provide some simple economic analyses to discuss key concepts involved in formalizing ecosystem service research. These include the distinction between services and benefits, understanding the importance of marginal ecosystem changes, formalizing the idea of a safe minimum standard for ecosystem service provision, and discussing how to capture the public benefits of ecosystem services. We discuss how the integration of economic concepts and ecosystem services can provide policy and decision makers with a fuller spectrum of information for making conservation-conversion trade-offs. We include the results from a survey of the literature and a questionnaire of researchers regarding how ecosystem service research can be integrated into the policy process. We feel this discussion of economic concepts will be a practical aid for ecosystem service research to become more immediately policy relevant.

Regional economic integration in Great East Asia: determinants and barriers

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Volodymyr Korol

2015-06-01

Full Text Available The article studies both general trends and peculiar characteristics of processes of economic integration in the Great East Asia, which plays the role of one of the major centers of contemporary global development. The basic determinants and barriers for implementation of regional strategies by China, Japan, ASEAN that will influence the geo-economic policy of Ukraine not only in East Asian, but also European and Eurasian areas. Attention is focused on the basic principles of realized and potential future integration models in the "ASEAN+" format with variable composition of member states that correspond to different extents to strategic objectives of both specified key actors in the region and extra-regional states that have global and transnational interests. Extrapolation of dominant trends in the nature and dynamics of transformation processes of East Asian economic regionalization allowed forming a forecast for the longterm conservation of importance of free trade agreements in the absence of preconditions to create customs unions. At the same time it was stressed out that proper assurance of national interests of international economic relations will be based on contractual instruments at the international level, without creating institutional and legal superstructure similar to the European Union or the Eurasian Economic Union as supranational law and supranational bodies.

Payment and economic evaluation of integrated care

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Apostolos Tsiachristas

2015-04-01

Full Text Available Chronic diseases have an increasingly negative impact on (1 population health by increasing morbidity and mortality, (2 society by increasing health inequalities and burden to informal caregivers, and (3 economy by requiring enormous financial resources and jeopardising macro-economic development (e.g. consumption, capital accumulation, labour productivity and labour supply. Integrated care is the most promising concept in redesigning care to tackle the increasing threat of chronic diseases. Several European countries have experimented with models for integrating care, most frequently in the form of disease management programmes. These models were often supported by payment schemes to provide financial incentives to health care providers for implementing integrated care. This thesis aimed to investigate these payment schemes and assess their impact, explore the variability in costs of disease management programmes, and determine the costs and effects of disease management programmes.

Integration of Microalgae-Based Bioenergy Production into a Petrochemical Complex: Techno-Economic Assessment

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Ana L. Gonçalves

2016-03-01

Full Text Available The rapid development of modern society has resulted in an increased demand for energy, mainly from fossil fuels. The use of this source of energy has led to the accumulation of carbon dioxide (CO2 in the atmosphere. In this context, microalgae culturing may be an effective solution to reduce the CO2 concentration in the atmosphere, since these microorganisms can capture CO2 and, simultaneously, produce bioenergy. This work consists of a techno-economic assessment of a microalgal production facility integrated in a petrochemical complex, in which established infrastructure allows efficient material and energy transport. Seven different scenarios were considered regarding photosynthetic, lipids extraction and anaerobic digestion efficiencies. This analysis has demonstrated six economically viable scenarios able to: (i reduce CO2 emissions from a thermoelectric power plant; (ii treat domestic wastewaters (which were used as culture medium; and (iii produce lipids and electrical and thermal energy. For a 100-ha facility, considering a photosynthetic efficiency of 3%, a lipids extraction efficiency of 75% and an anaerobic digestion efficiency of 45% (scenario 3, an economically viable process was obtained (net present value of 22.6 million euros, being effective in both CO2 removal (accounting for 1.1 × 104 t per year and energy production (annual energy produced was 1.6 × 107 kWh and annual lipids productivity was 1.9 × 103 m3.

THE INTEGRATION MODEL ASEAN+1: THE MAIN NORMS OF AGREEMENTS AND EFFECT ON FOREIGN ECONOMIC TIES

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Г М Костюнина

2017-12-01

Full Text Available The aim of this research is a comparative analysis of the provisions of free trade agreements signed by ASEAN with dialogue countries and the East Asia Summit partners - China, Japan, the Republic of Korea, India, Australia and New Zealand. The author's thesis is that, in our opinion, the final effect of participation in the free trade zone for the national economy depends on such factors as the volume of mutual trade, the degree of economic interde-pendence, the level of customs duties rates at the date of signing the agreement, the volume of the mutual market, geographical proximity. The higher the role of these factors, the greater the effect of trade creation is received by the participating states. The basis of the research methodology is the understanding of regional integration agreements as a multifactor instrument of trade policy in various countries of the world that facilitates the liberalization of international trade in general and the regional trade in particular, enhancing the participation of partner states in the international division of labor and stimulating the dynamics of their economic development. Such agreements are considered as a system that includes a set of elements that interact with elements of other systems. Such interaction is considered taking into account the specific purpose of each of the elements, and also taking into account the factors of the stability of the development of each system. In carry-ing out this study, the author has used such methods as the method of comparative analysis, which makes it possible to identify the specifics of the participation of ASEAN countries in free trade zones; methods of statistical analysis and political forecasting that provide an opportunity to identify legal norms of integra-tion agreements on the ASEAN + 1 model; as well as a logical conceptual analysis that allows to present a full picture of the ASEAN integration policy. The author analyses norms for regulating the

Bridging the Gap Between Economics and Ecology

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Larry Leefers

1998-12-01

Full Text Available Economics and ecology are often presented as opposing disciplines. Both fields have strengths and weaknesses. A new transdisciplinary field, ecological economics, attempts to bring together the strengths of both disciplines with a vision for a sustainable future. In this paper, we focus on one particular concept championed by ecological economists, natural capital. In particular, our interest is on the institutionalization of this concept through the United Nation's Satellite System for Integrated Environmental and Economic Accounting (SEEA. SEEA is an international convention that incorporates natural resource accounting as a complement to the traditional System of National Accounts (SNA. In the case of boreal forests, the stocks and flows of forest resources can be assessed to determine prospects for sustainability. To provide a context for how natural resource accounting may be applied to boreal forests, we review the origin and purpose of natural resource accounting, summarize several cases in which natural resource accounting has been applied, and present an example of stocks and flows from Michigan's (United States boreal forest resources. Natural resource accounting work from Canada, Finland, Norway, and other countries with boreal forests should be compiled and analyzed to provide more insights regarding circumpolar forest conditions.

A Commentary on "Integrated Reporting: A Review of Developments and Their Implications for the Accounting Curriculum"

Science.gov (United States)

Kamp-Roelands, Nancy

2013-01-01

In this commentary, Kamp-Roelands states that it was very encouraging to observe that the Association of Chartered Certified Accountants (ACCA) recognises that responding to "Integrated Reporting" initiatives requires an "integrated approach" to accounting education. That change in financial reporting standards put pressure on…

Economic implications of ASEAN integration for Malaysia's labour market

OpenAIRE

Rasiah, Rajah

2014-01-01

This paper examines the implications of the formation of the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) in 2015 on Malaysia’s labour market. The discussion centres on the nature of the structural change that Malaysia has experienced, especially since the 1980s, and how that has impacted on its labour market. Integration into ASEAN markets has obviously helped Malaysia enjoy the synergies of regional coordination. Although Malaysia’s economic growth has been steady...

Conditional Economic Incentives for Reducing HIV Risk Behaviors: Integration of Psychology and Behavioral Economics

Science.gov (United States)

Operario, Don; Kuo, Caroline C.; Sosa-Rubí, Sandra G.; Gálarraga, Omar

2014-01-01

Objective This paper reviews psychology and behavioral economic approaches to HIV prevention, and examines the integration and application of these approaches in conditional economic incentive (CEI) programs for reducing HIV risk behavior. Methods We discuss the history of HIV prevention approaches, highlighting the important insights and limitations of psychological theories. We provide an overview of the theoretical tenets of behavioral economics that are relevant to HIV prevention, and utilize CEIs as an illustrative example of how traditional psychological theories end behavioral economics can be combined into new approaches for HIV prevention. Results Behavioral economic interventions can complement psychological frameworks for reducing HIV risk by introducing unique theoretical understandings about the conditions under which risky decisions are amenable to intervention. Findings from illustrative CEI programs show mixed but generally promising effects of economic interventions on HIV and STI prevalence, HIV testing, HIV medication adherence, and drug use. Conclusion CEI programs can complement psychological interventions for HIV prevention and behavioral risk reduction. To maximize program effectiveness, CEI programs must be designed according to contextual and population-specific factors that may determine intervention applicability and success. PMID:24001243

Conditional economic incentives for reducing HIV risk behaviors: integration of psychology and behavioral economics.

Science.gov (United States)

Operario, Don; Kuo, Caroline; Sosa-Rubí, Sandra G; Gálarraga, Omar

2013-09-01

This article reviews psychology and behavioral economic approaches to HIV prevention, and examines the integration and application of these approaches in conditional economic incentive (CEI) programs for reducing HIV risk behavior. We discuss the history of HIV prevention approaches, highlighting the important insights and limitations of psychological theories. We provide an overview of the theoretical tenets of behavioral economics that are relevant to HIV prevention, and utilize CEIs as an illustrative example of how traditional psychological theories and behavioral economics can be combined into new approaches for HIV prevention. Behavioral economic interventions can complement psychological frameworks for reducing HIV risk by introducing unique theoretical understandings about the conditions under which risky decisions are amenable to intervention. Findings from illustrative CEI programs show mixed but generally promising effects of economic interventions on HIV and sexually transmitted infection (STI) prevalence, HIV testing, HIV medication adherence, and drug use. CEI programs can complement psychological interventions for HIV prevention and behavioral risk reduction. To maximize program effectiveness, CEI programs must be designed according to contextual and population-specific factors that may determine intervention applicability and success. PsycINFO Database Record (c) 2013 APA, all rights reserved.

Integrated Reporting: A Review of Developments and Their Implications for the Accounting Curriculum

Science.gov (United States)

Owen, Gareth

2013-01-01

Integrated reporting (IR) is a major development in a number of sustainability-related accounting initiatives and, if widely adopted, will require significant developments in professional and university accounting curricula. These will include: a strategic rather than operational or transactional focus; longer- rather than short-term outlook;…

Modelling the role of forests on water provision services: a hydro-economic valuation approach

Science.gov (United States)

Beguería, S.; Campos, P.

2015-12-01

Hydro-economic models that allow integrating the ecological, hydrological, infrastructure, economic and social aspects into a coherent, scientifically- informed framework constitute preferred tools for supporting decision making in the context of integrated water resources management. We present a case study of water regulation and provision services of forests in the Andalusia region of Spain. Our model computes the physical water flows and conducts an economic environmental income and asset valuation of forest surface and underground water yield. Based on available hydrologic and economic data, we develop a comprehensive water account for all the forest lands at the regional scale. This forest water environmental valuation is integrated within a much larger project aiming at providing a robust and easily replicable accounting tool to evaluate yearly the total income and capital of forests, encompassing all measurable sources of private and public incomes (timber and cork production, auto-consumption, recreational activities, biodiversity conservation, carbon sequestration, water production, etc.). We also force our simulation with future socio-economic scenarios to quantify the physical and economic efects of expected trends or simulated public and private policies on future water resources. Only a comprehensive integrated tool may serve as a basis for the development of integrated policies, such as those internationally agreed and recommended for the management of water resources.

Concepts on integration of physical protection and material accounting functions in a safeguards system

International Nuclear Information System (INIS)

Reynolds, D.A.

1981-01-01

Concepts on integration of physical protection and material accounting systems to enhance overall safeguards capability are developed and presented. These concepts identify ways in which material accounting systems can be used to enable effective monitoring of authorized movement of nuclear material through physical protection boundaries. Concepts are also discussed for monitoring user access to nuclear material and for tagging user identification to material accounting transactions through physical protection functions. These result in benefits in detecting diversion and in positively tracing material movement. Finally, coordination of safeguards information from both subsystems in such an integrated system through a safeguards coordination center is addressed with emphasis on appropriate response in case of discrepancies

WORKPLACE AS AN OBJECT OF ACCOUNTING AT COAL MINES

Directory of Open Access Journals (Sweden)

Valeriy Nikolaevich Kuletskoy

2014-10-01

Full Text Available The paper presents an approach to evaluating the effectiveness of the workplace on the coal-mining enterprise based on an integrated consideration of three aspects: organizational, technological, social, labor, organizational and economic. In accordance with the definition given to aspects of the workplace: as part of the organization of production, the labor process, organizational and economic relations. Shows the structure of the workplace as an object of accounting, including: objective function, the subject of labor, means of labor, the subject of labor.Defined parameters describing the results obtained in the workplace, and the cost of its operation.The experience in the organization poobektnogo accounting efficiency in the use of jobs in the "Cut Tugnuisky."

DISPOWER. A socio-economic analysis of technical solutions and practices for the integration of distributed generation

International Nuclear Information System (INIS)

Ten Donkelaar, M.; Scheepers, M.J.J.

2004-07-01

Socio-economic impacts of technical solutions and approaches that are being developed for the integration of distributed generation (DG) in electricity distribution systems are analyzed. For this analysis an inventory was made of technical options, solutions and approaches on the basis of a questionnaire that has been distributed among DG (technical) experts. The questionnaire was not meant to give an exhaustive overview, but to gain insight in the possible technical solutions, options and approaches and the economic interactions between different actors in the electricity market. The different technical options and solutions have been divided into four main categories. Four technologies, one of each category, have been studied in more detail to analyse their impact on the financial relationships between the actors in the distribution network. The four technologies are: wind power prediction tool (planning tool), grid control unit (power quality device), power operation and power quality management system (ICT device), and power storage device. To assess the impact of the investments in the proposed technologies on all actors involved (and different from the actor investing), an assessment tool has been developed to qualitatively identify the economic impacts of a number of these options. This assessment tool takes into account the financial transactions between the parties on the distribution network. The analysis also discusses the allocation of the economic value of certain benefits through contracts and economic network regulation

Analysis of International Accounting Regulations with Regards to Fair Value

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Diana COZMA IGHIAN

2010-08-01

Full Text Available Unifying the economical-financial information at an international level represents today, within the context of the globalization and integration of the financial markets around the world, an important and urgent demand. One of the coordinates of accounting globalization is the fair value based valuation system. This tendency arises from the contents of international accounting standards and from the progress of world-wide regulating practice. The economic and market events of the past years have highlighted the importance of fair value measurements used in financial statements and have emphasized the need for consistency and comparability in those measurements infinancial statements prepared around the globe.

ECONOMIC CATEGORIES OF “AMORTIZATION” AND “DEPRECIATION”: THE HISTORY OF ACCOUNTING CONCEPT FORMATION AND DEVELOPMENT

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Olesia Lemishovska

2017-12-01

Full Text Available The article deals with the formation and development evolution of the accounting concept of amortization and depreciation of fixed and intangible assets. The methodological sense of the amortization and depreciation accrual processes and the resulting methods of their reflection in the accounting system in the context of historically formulated accounting theories and individual concepts are analysed. An estimation of historical experience through the representation of amortization and deterioration as objects of accounting in interrelation with their economic content is carried out. The level of accounting methods’ validity for calculating and displaying amortization charges and the amount of depreciation of fixed assets in the context of their consideration from the position of capital, fund, reserve and regulatory item are analysed. The possibilities of applying separate historically formulated ideas for developing an improved concept of accounting amortization adequate for the modern economy are set forth. The aim of the article is a historiographic analysis of the principal approaches and methodological foundations of accounting conventions of amortization, depreciation, and devaluation of economic entities assets and appropriateness assessment using individual developments in modern theory and practice. The subject of the article is the study of content and nature of amortization and depreciation of fixed assets as general economic categories and accounting objects. Methods of studying the theoretical and methodological basis are the dialectical method of cognition of conceptual processes of “depreciation” and “amortization”, analysis and synthesis, induction and deduction, comparison, an abstract and logical method of modelling. The practical significance of the work is that historical experience, important and necessary in modern conditions, can be adapted by incrusting several ideas of the past. Value/originality. To develop

FDI DETERMINANTS IN THE EURASIAN ECONOMIC UNION COUNTRIES AND EURASIAN ECONOMIC INTEGRATION EFFECT ON FDI INFLOWS

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Yerkezhan Zhumakankyzy Akhmetzaki

2017-09-01

Full Text Available The paper examines the potential determinants of foreign direct investment inflows into the region of Eurasian Economic Union, as well as incentives for investment into other neighboring countries. In the first model, the authors test a hypothesis on country specific foreign direct investment determinants for the Eurasian Economic Union region. The results of fixed effects estimation show that gross domestic product, infrastructure development and secondary education enrollment have a positive statistically significant effect on the foreign direct investment inflows into the region. Conversely, the impact of Customs Union on foreign direct investment appeared to be negative. Furthermore, in the second model of the natural experiment, the authors empirically test the hypothesis on Customs Union’s effect on foreign direct investment while controlling for both country and time effects. The model includes evaluating the impact of the policy change on foreign investment inflows. The natural experiment outcome also points to the negative effect of Eurasian economic integration on foreign direct investment inflows. Although the countries of Eurasian Economic Union have relatively business friendly regulations, such procedures as enforcing contracts, resolving insolvencies and dealing with construction permits are time-consuming. For attracting foreign investment, it is advisable to facilitate such procedures and make the process of setting up a new business less onerous. The research can be used as an outline for further examining of Eurasian economic integration and apart from that, the study results can be applied for practical purposes of policy elaboration aimed at stimulating foreign direct investment into the Eurasian Economic Union.

The Economic Essence of the Category of «Costs» as an Object of Accounting and Internal Control

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Zhadan Tetiana A.

2017-11-01

Full Text Available The purpose of the article is to disclose the economic essence of the category of «costs» as an object of accounting and internal control. A number of approaches to defining the economic essence of the concepts of «costs», «control» and «internal control» have been allocated. In the course of the study it was found that the most common approaches to interpretation of the concept of «costs» is the disclosure of its essence from the standpoints of economic theory and accounting; concepts of «control» and «internal control» – from the standpoints of functional, systemic and process approaches. The authors’ own definition of the synthesis concept of «internal control of costs» has been proposed, which suggests understanding it as the system of control measures, observations and procedures aimed at identifying deviations in the accounting of costs of enterprise, establishing legitimacy, validity, rationality, efficiency and economic feasibility of their implementation with a view to preventing and exclusion such deviations and unjustified losses in the future. Prospect for further researches in this direction is search of efficient forms, methods and instruments for management of costs of enterprise.

The integration of computerised accounting in the accounting curriculum as an educational learning curve for students entering the business world

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Elmarie Papageorgiou

2014-06-01

Full Text Available At universities, educating students on real-life practices is one of the key drivers in a changing academic environment. Academic institutions encourage the study of the learning environment and ensure that appropriate strategies are in place for educating students. A first-year Accounting I student stated the importance of computerised accounting: ‘Computerised accounting is used in the workplace and therefore using it in varsity, grants students a view on how things will be after completion of their respective degrees.’ Accordingly, the purpose of this study was to empirically investigate the perceived acquisition of information technology (IT knowledge and determine the skills required for students to convert the knowledge gained into actions as a learning curve for accounting students entering the business world. The results indicated that students’ knowledge of Accounting I increased with the integration of computerised Accounting in the Accounting I Curriculum.

TEMAS: fleet-based bio-economic simulation software to evaluate management strategies accounting for fleet behaviour

DEFF Research Database (Denmark)

Ulrich, Clara; Andersen, Bo Sølgaard; Sparre, Per Johan

2007-01-01

TEMAS (technical management measures) is a fleet-based bio-economic software for evaluating management strategies accounting for technical measures and fleet behaviour. It focuses on mixed fisheries in which several fleets can choose among several fishing activities to target different stocks...

Oil spill vulnerability assessment integrating physical, biological and socio-economical aspects: application to the Cantabrian coast (Bay of Biscay, Spain).

Science.gov (United States)

Castanedo, S; Juanes, J A; Medina, R; Puente, A; Fernandez, F; Olabarrieta, M; Pombo, C

2009-10-01

A methodology has been developed to carry out an integrated oil spill vulnerability index, V, for coastal environments. This index takes into account the main physical, biological and socio-economical characteristics by means of three intermediate indexes. Three different integration methods (worst-case, average and survey-based) along with ESI-based vulnerability scores, V(ESI), proposed for the Cantabrian coast during the Prestige oil spill, have been analyzed and compared in terms of agreement between the classifications obtained with each one for this coastal area. Results of this study indicate that the use of the worst-case index, V(R), leads to a conservative ranking, with a very poor discrimination which is not helpful in coastal oil spill risk management. Due to the homogeneity of this coastal stretch, the rest of the methods, V(I), V(M) and V(ESI), provide similar classifications. However, V(M) and V(I) give more flexibility allowing three indexes for each coastal segment and including socio-economic aspects. Finally, the V(I) procedure is proposed here as the more advisable as using this index promotes the public participation that is a key element in the implementation of Integrated Coastal Zone Management (IZCM).

The Franchising in the Context of Development of Small and Medium-Sized Business: Organizational-Economic and Accounting Aspects

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Makhota Alla V.

2017-05-01

Full Text Available In order to determine the organizational-economic and accounting aspects of franchising in the context of volatility of the macro-economic situation and the scarcity of entrepreneurs’ own funds, the current status of the franchising market in Ukraine, its economic essence and its role have been determined; the kinds of franchising that are known in world business practices have been provided; the types of distribution contracts that are close to the meaning of franchising have been defined; the legislative basis for franchising in Ukraine has been presented; the binding terms of a commercial concession contract as a legislated analogy of franchising in Ukraine have been determined; the features of reflection of the legality of franchising in accounting of both franchiser and franchisee have been provided. The objective advantages of franchising for both the large enterprises and the start-up entrepreneurs have been determined. On the basis of the legal nature of franchising relations in the accounting accounting, its reflection is close in the meaning to intangible assets. Implementation of franchising potential as a strategic tool for the development of small and medium-sized businesses requires the improvement of its legislative framework in the part of enhancing the responsibility of the parties.

Transforming the Economics Curriculum by Integrating Threshold Concepts

Science.gov (United States)

Karunaratne, Prashan Shayanka Mendis; Breyer, Yvonne A.; Wood, Leigh N.

2016-01-01

Purpose: Economics is catering to a diverse student cohort. This cohort needs to be equipped with transformative concepts that students can integrate beyond university. When a curriculum is content-driven, threshold concepts are a useful tool in guiding curriculum re-design. The paper aims to discuss these issues. Design/Methodology/Approach: The…

Methodology of Adaptive Integrated Accounting System in Information Environment

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Bochulya Tetyana V.

2013-12-01

Full Text Available The goal of the article lies in the study of logical and methodological justification of formation of the integrated system of accounting based on realities of the co-ordinated transformation of the society and economy and development of a new knowledge about formation and adjustment of the accounting system in it’s a priori new information competence with expansion of functionality for the justified idea of existence and development of business. Taking developments of the best representatives of the leading scientific society as a basis, the article offers a new vision of organisation of the accounting system, based on the modern projection of information competence and harmonisation of main processes of information service for adaptation of the system for multi-vector inquiries of consumers of information. Pursuant to results of the conducted study, the article makes an effort to change the established opinion about information and professional competences of the accounting system and attach a new qualitative significance to them. The article makes a proposal with respect to calculation of quality of the information system on the basis of key indicators of its information service. It lays the foundation of the prospective study of the problems of building the accounting system in such a projection, so that realities of internal and external processes were maximally co-ordinated based on the idea of their information development.

Application of Power Systems Economics to Wind and Solar Power Integration

OpenAIRE

Mills, Andrew David

2015-01-01

The focus of this dissertation is the economic implications of the technical challenges of integrating variable generation, namely wind and solar, into the electric power system. The research is organized around three topics: short-term variability of wind and solar generation, changes in the economic value of wind and solar with increasing penetration, and the effectiveness of different measures at mitigating changes in economic value with increasing penetration levels. Early studies of PV g...

Economic competitiveness of fuel cell onsite integrated energy systems

Science.gov (United States)

Bollenbacher, G.

1983-01-01

The economic competitiveness of fuel cell onsite integrated energy systems (OS/IES) in residential and commercial buildings is examined. The analysis is carried out for three different buildings with each building assumed to be at three geographic locations spanning a range of climatic conditions. Numerous design options and operating strategies are evaluated and two economic criteria are used to measure economic performance. In general the results show that fuel cell OS/IES's are competitive in most regions of the country if the OS/IES is properly designed. The preferred design is grid connected, makes effective use of the fuel cell's thermal output, and has a fuel cell powerplant sized for the building's base electrical load.

Towards integration of health economics into medical education and clinical practice in Saudi Arabia.

Science.gov (United States)

Da'ar, Omar B; Al Shehri, Ali M

2015-04-01

In an era of expanding health sectors and rising costs, doctors are expected to have a working knowledge of health economics to better use resources and improve outcomes and quality of health care. This article recognizes the dearth of knowledge and application of economic analyses in medical education and clinical practice in Saudi Arabia. In particular, it highlights the desirability of knowledge of health economics in ensuring certain competencies in medical education and the rationale for inviting doctors to apply knowledge of economics in Saudi Arabia. In addition, the article discusses challenges that hinder integrating health economics into clinical practice. Furthermore, the article typifies some of the important economic phenomena that physicians need to discern. Besides, the article provides implications for incorporating economic analysis into medical education and clinical practice in Saudi Arabia. Finally, the article concludes by demonstrating how health economics can enhance doctors' knowledge and recommends the country to move towards integrating health economics into medical education and clinical practice for best practice.

Current account imbalances in the euro area

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Klára Plecitá

2013-01-01

Full Text Available While the current account balance for the euro area as a whole has been in balance, divergences in current account positions among the euro-area members have widened since the introduction of the common currency euro. During the last 13 years Portugal, Greece and Spain have run large and persistent current account deficits, whereas Luxembourg, the Netherlands, Finland or Germany have displayed during the same period large and persistent surpluses. However, there is no unambiguous agreement among economists, whether this divergence of current account positions of the euro-area countries mirrors growing intra-euro-area imbalances (Gros, 2012 or just reflects proper functioning of the European integration process (Schmitz and von Hagen, 2009. Therefore, the aim of this paper is to estimate equilibrium current account position for each of the original 12 euro area countries so that it is possible to assess whether the divergence of intra-euro current account balances could be explained on the basis of economic fundamentals or it just reflects misallocation of resources and thus macroeconomic imbalances. The equilibrium current account balance is estimated using a panel-econometric technique for a sample of 30 industrial countries, which represent euro-area member states and their main business partners, over the period 1993–2011. Economic fundamentals affecting the equilibrium current account position are selected on the basis of the saving-investment balance, the trade balance and the net income balance, to ensure that we take into an account all theoretically important explanatory variables. We find that the main determinants of current account norms in our sample are fiscal balance, a country’s net international investment position, oil balance and a country’s stage of economic development. The major part of the euro-area countries exhibits current account positions close to their equilibrium levels with the exception of the Netherlands and

Measuring Multi-Membership in Economic Integration and Its Trade Impact

DEFF Research Database (Denmark)

Afesorgbor, Sylvanus Kwaku; van Bergeijk, Peter A.G.

2014-01-01

impact in two major African regional blocs, Economic Community of West Africa States (ECOWAS) and Southern Africa Development Community (SADC). We find that the impact of multi-membership critically depends on the characteristics of the multi-membership of regional integration initiatives. We find...... a positive impact if an additional membership complements the integration process of the original regional integration initiative: overlapping memberships had a much stronger and significant positive effect on bilateral trade within ECOWAS compare with an insignificant impact within the SADC....

IS IT IMPORTANT THE ACCOUNTING MODEL USED BY THE ECONOMIC ENTITY IN MAKING DECISIONS BY THE USERS OF THE INFORMATION? POINTS OF VIEW.

Directory of Open Access Journals (Sweden)

Luminita Rus

2014-07-01

Full Text Available Nowadays it is vital to stay informed. But why is the information so important? The following will present the role and the importance of accounting information in decision-making regarding economic entity. Is accounting information a want or a need? Can accounting information be interpreted correctly indifferent of the accounting model used? Decisions made by the consumers of accounting information would be the same in terms of using the "cash" or "accrual" method? Based on these questions, this paper presents data as a whole for everyone and from where each consumer of information can extract only the part that they are interested in and which is useful for them. This paper follows the interests of users of accounting information regarding the interest, the need for information and the decisions they may take as a result of the information received, and also of the accounting model used by the entity from which the information is expected. This paper does not include all users of the accounting information that have interest in the economic entity, nor does it take into account all the information that are affected by the use of a model of accounting or the other one of the economic entity, but we can conclude that there are situations in which users ' decisions are influenced by the accounting model used, and others where there is no influence. We can't rule on any model to be the best; it is good that provides useful information showing the true reality of the economic entity.

Concepts on integration of physical protection and material accounting functions in a safeguards system

International Nuclear Information System (INIS)

Reynolds, D.A.

1981-01-01

Concepts on integration of physical protection and material accounting systems to enhance overall safeguards capability are developed and presented. Integration is approached by coordinating all safeguards information through a safeguards coordination center. This center represents a higher level in a communication, data-processing, and decision-making structure which is needed for efficient real-time operation of the integrated system. The safeguards coordination center functions to assess alarm and warning data required to resolve threats in the safeguards system, coordinate information and interaction involving the material accounting, physical protection, and facility monitoring and control systems, and present a single unified interface for interaction with facility management, facility operations, safeguards system personnel, and response forces

Is the Learning Community of Economics and Accounting Effective? Empirical Assessment of Class Achievements

Science.gov (United States)

Stumph, Carolyn Fabian; Kim, Myeong Hwan; Han, Yongseung; Minke, Susan

2017-01-01

Learning communities are increasingly used at colleges and universities, as one of the goals of a learning community is to increase interaction among students and teach them how to apply knowledge. The goal of this research is to assess the learning community of the economics and accounting students in their class performance measured by class…

The Development of Accounting Education and Practice in an Environment of Socio-Economic Transformation in the Middle East: The Case of Jordan

Science.gov (United States)

Alsharari, Nizar Mohammad

2017-01-01

Purpose: The purpose of this paper is to explore the development of accounting education and practice as influenced by the socio-economic transformation in Jordan. Design/methodology/approach: The paper presents an explanatory study of how accounting education and practice has developed in relation to socio-economic change in Jordan, using the…

Transparency and Accountability of Government Regulations as an Integral Part of Social Responsibility Effectiveness

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Elena A. Frolova

2016-09-01

Full Text Available In the paper the author's view on the role of government in promoting social responsibility of business and the individual is described. The main features of the socio-economic situation in Russia today are presented (horizontal and vertical mobility of the population, a small number of organizations and the extra-centralized public authorities, the predominance of personal relations between economic agents. The necessity of increasing the role of individuals and businesses in the social system is substantiated and the basic directions of activity are suggested (prosocial preferences, interpersonal trust, redistribution of social responsibility. Transparency and accountability of public authorities are very powerful tool to improve the quality of governance and it is one of the important conditions for the social responsibility, as well as to economic performance in modern Russia. The legitimacy of government is a multidimensional issue. And if we take into account the Russian features it is necessary to point out public control and enforcement, quality of formal institutions, and effectiveness of enforcement mechanisms. Also governance is important to enhance quality of regulation.

Praktik-praktik Creative Accounting

OpenAIRE

Fajri, Aminul

2013-01-01

There are many consequences in creative accounting. In an economic perspective, creative accounting is influenced by economic framework that aims for self-interset. This can only be done if it does not conflict with Generally Acceptable Accounting Principles (GAAP). Creative accounting is triggered by the pressure that the entities must be in profit to attract investors and resources. But this is more directed at deception or fraud in accounting practices. Is creative accounting is illegal or...

Using the Monopoly[R] Board Game as an In-Class Economic Simulation in the Introductory Financial Accounting Course

Science.gov (United States)

Shanklin, Stephen B.; Ehlen, Craig R.

2007-01-01

This paper discusses using the Monopoly[R] board game as an economic simulation exercise to reinforce an understanding of how the accounting cycle impacts financial statements used to evaluate management performance. This approach uses the rules and strategies of a familiar board game to create a simulation of business and economic realities,…

Sustainable development and migration policies: their treatment within the Latin American economic integration blocks.

Science.gov (United States)

Marmora, L

1994-01-01

Without an equal sharing of costs and benefits of natural and human resources worldwide, imbalances and lack of human development lead to migration within and between countries. Economic integration blocks in Latin America provide a context for shared development: in Central America, in the Andean Region, and in the Southern Cone. Over the past 60 years migration policy was based on national protectionism, labor supply, and/or occupation of territory. When economic conditions changed to market economies and world markets, migration policy was redefined. Each of the economic integration blocks has developed its own strategies. The Andean Agreement on Labor Migrations was established to determine the rules for bilateral and multilateral treatment of problems. In the Southern Cone bilateral agreements have been longstanding. Multilateral efforts were recently underway within the Southern Common Market and throughout the region. The Central American Organization for Migrations has spearheaded the adoption of a multilateral strategy. All three regions have made considerable progress in the last three years in constructing multilateral policies for economic integration. Government awareness has been the primary force in these policy changes. Government has come to an understanding that clear domestic and regional migration policies were lacking and that obsolete migration practices of the 1930s did not meet the needs of the 1990s. Migration policy was considered an instrument of development. Movement of economic factors or goods was considered equally with movement of labor. Migration policies must integrate the human rights of migrants into their definitions. Methods of facilitating the movements of populations need to be constructed within the computerization and modernization of the migration administration. Legalization of illegal immigrants has occurred among a number of countries. PROCAM and PRIMCOS were action programs which aimed to integrate migration and

Bio-economic modeling of water quality improvements using a dynamic applied general equilibrium approach

NARCIS (Netherlands)

Dellink, R.; Brouwer, R.; Linderhof, V.G.M.; Stone, K.

2011-01-01

An integrated bio-economic model is developed to assess the impacts of pollution reduction policies on water quality and the economy. Emission levels of economic activities to water are determined based on existing environmental accounts. These emission levels are built into a dynamic economic model

Considerations on the Integration of Environmental Information in the Entity's Financial Accounting System

Directory of Open Access Journals (Sweden)

Victor Munteanu

2016-03-01

Full Text Available Starting with the ’70, environmental accounting was prone to debates within the scientific community. During the different stages in the environment accounting evolution, the development of this concept took place around the 90’s as an answer to the limitations of traditional accounting, like the lack of an adequate treatment for the internalization of environment externalities and poor allocation of environment protection costs. All these have led to accounting evolution through integration of social and environmental dimensions in the financial system and management of an enterprise. Instruments of environmental management accounting developed by practitioners and theorists in the field, are, for most an adaptation of the traditional methods used by management accounting. These instruments cover cost control, financial analysis and performance evaluation.

Economic Meaning of the Concept of “Non-Financial Reporting”

OpenAIRE

Bezverkhiy

2017-01-01

The issue related with interpretation of the economic meaning of “non-financial reporting” becomes vital in view of harmonizing the Ukrainian legal acts with EU standards, including ones on accounting. In practice, much confusion still occurs: non-financial reporting may either be seen as separated reporting, or as one identical to integrated reporting, or as an integrated reporting component. The aim of the study is to clarify the economic meaning of the concept of “non-financial reporting. ...

The integral indicator of socio-economic assessment in regard to resource-oriented territories development in Russia

Science.gov (United States)

Chuvashova, M. N.; Avramchikova, N. T.; Zelenkov, P. V.; Petrosyan, M. O.

2016-04-01

Economic peculiarity of Russian resource-oriented territories are based on a focal type of industrial complex, differentiation of economies within a principle of mining and processing of natural resources. To improve the economic condition and integrate into the world innovative process is essential to solve the problem of eliminating the prevalence of resourse focus in the industrial economic structure that could ensure the overcoming of the existing spa- cial dissociation and market mechanisms development in innovative promotion. The monitoring system, involving the integral indicator of socioeconomic and territorial potential assessment, has suggested by the authors. The integral indicator could guarantee the objective evaluation of economic condition within a territory that is vital for the governmental authorities to design strategies providing the economic development of administrative territories.

Is Economic Development Promoting Monetary Integration in East Asia?

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Kentaro Kawasaki

2015-10-01

Full Text Available This paper tries to investigate whether there exist international integrated markets among East Asian economies, by employing the Generalized Purchasing Power Parity (G-PPP model, then, it would help to suggest whether the East Asian region is the Optimum Currency Area (OCA or not. The empirical results in this paper suggest that holding the G-PPP among nine Asian countries (China, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand and Vietnam becomes more applicable in 2000–2013 than of that in 1984–1997. In the period of “globalization,” which is characterized by expansion of world trade, increase of international capital flows, and development of information and communications technologies, Asian economic development has been promoting not only economic integrations but also constructing the stable linkages of real exchange rates. Therefore, it would help to adopt regional coordination for monetary policies to assure the feasibility of a possible monetary union.

Process modelling and techno-economic analysis of natural gas combined cycle integrated with calcium looping

Directory of Open Access Journals (Sweden)

Erans María

2016-01-01

Full Text Available Calcium looping (CaL is promising for large-scale CO2 capture in the power generation and industrial sectors due to the cheap sorbent used and the relatively low energy penalties achieved with this process. Because of the high operating temperatures the heat utilisation is a major advantage of the process, since a significant amount of power can be generated from it. However, this increases its complexity and capital costs. Therefore, not only the energy efficiency performance is important for these cycles, but also the capital costs must be taken into account, i.e. techno-economic analyses are required in order to determine which parameters and configurations are optimal to enhance technology viability in different integration scenarios. In this study the integration scenarios of CaL cycles and natural gas combined cycles (NGCC are explored. The process models of the NGCC and CaL capture plant are developed to explore the most promising scenarios for NGCC-CaL integration with regards to efficiency penalties. Two scenarios are analysed in detail, and show that the system with heat recovery steam generator (HRSG before and after the capture plant exhibited better performance of 49.1% efficiency compared with that of 45.7% when only one HRSG is located after the capture plant. However, the techno-economic analyses showed that the more energy efficient case, with two HRSGs, implies relatively higher cost of electricity (COE, 44.1€/MWh, when compared to that of the reference plant system (33.1€/MWh. The predicted cost of CO2 avoided for the case with two HRSGS is 29.3 €/ton CO2.

The Franchising in the Context of Development of Small and Medium-Sized Business: Organizational-Economic and Accounting Aspects

OpenAIRE

Makhota Alla V.

2017-01-01

In order to determine the organizational-economic and accounting aspects of franchising in the context of volatility of the macro-economic situation and the scarcity of entrepreneurs’ own funds, the current status of the franchising market in Ukraine, its economic essence and its role have been determined; the kinds of franchising that are known in world business practices have been provided; the types of distribution contracts that are close to the meaning of franchising have been defined; t...

Practical steps toward integrating economic, social and institutional elements in fisheries policy and management

DEFF Research Database (Denmark)

Stephenson, Robert L.; Benson, Ashleen J.; Brooks, Kate

2017-01-01

While international agreements and legislation call for incorporation of four pillars of sustainability, the social (including cultural), economic and institutional aspects (the ‘human dimension’) have been relatively neglected to date. Three key impediments have been identified: a relative lack...... of explicit social, economic and institutional objectives; a general lack of process (frameworks, governance) for routine integration of all four pillars of sustainability; and a bias towards biological considerations. Practical integration requires a ‘systems’ approach with explicit consideration...... in fisheries to immediately take five practical steps toward integrating ecological, economic, social and institutional aspects: (1) Adopt the perspective of the fishery as a ‘system’ with interacting natural, human and management elements; (2) Be aware of both strategic and operational aspects of fisheries...

Ageing and the economic life cycle: The National Transfer Accounts approach.

Science.gov (United States)

Temple, Jeromey B; Rice, James M; McDonald, Peter F

2017-12-01

To illustrate the use of National Transfer Accounts (NTA) for understanding ageing and the economic life cycle in Australia. The NTA methodology is applied utilising a range of unit record, demographic and administrative data sets from 1981 to 2010. During early and later life, total consumption (public and private) is greater than labour income. On a time series and cohort basis, we show that each successive generation has improved their level of well-being (as measured by consumption) relative to the previous years or previous cohorts from 1981 to 1982 onwards. We also show a substantial increase in labour income earned by mature age workers over this period. International comparisons show Australia to have consumption and labour income age profiles very similar to those of Canada but dissimilar to many other countries, driven by differences in demographic and policy settings. The NTA approach provides a powerful framework to track differences in the economic life cycle across age groups, across time, across cohorts and across countries. © 2017 AJA Inc.

The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations.

OpenAIRE

John M. Gowdy; Richard Howarth; Clem Tisdell

2010-01-01

This chapter presents the economic logic behind the concept of discounting the future and discusses how it applies to biodiversity conservation. How should economists account for the effects of biodiversity and ecosystem losses in the immediate and distant future? We discuss how to integrate traditional cost-benefit analysis with other approaches to understand and measure, where possible, environmental values. We conclude that losses of biodiversity and ecosystems have properties that make it...

The global economic integration has no prospects without global currency

OpenAIRE

Sajnoski, Krste; Paceskoski, Vlatko; Davcev, Ljupco

2013-01-01

After getting out of the recession as it is, into which the developed countries have fallen, the continuation of the processes of global economic integration becomes a priority task of the contemporary international economic relations. For its accomplishment, there has to be stopped the sharpening of global imbalances, it has to be ceased the taking of protectionist measures in relation to the competing economies, to be eliminated the danger of carrying out competing devaluations of national ...

How EU Economic Integration Advances on the Way of Some Important Unions

Directory of Open Access Journals (Sweden)

PETRE PRISECARU

2015-05-01

Full Text Available Economic union and monetary union are deeply connected: two dimensions of the third stage of European integration. But achieving monetary union without a complete single market in the field of financial services proved the vulnerability of Eurozone to external shocks and the need to a further economic integration. While banking union has advanced quite fast in the last two years, capital markets union is only a project, also the fiscal union, which is the basic foundation of a true political union. A complete financial union will take a long time to accomplish due to many political, financial and bureaucratic obstacles facing such an ambitious project. Energy Union is another important project meant to remove market fragmentation, to enhance energy security and to reduce environmental impact of energy sector. Finally the political union, the last stage of European integration, the dream of many famous politicians and scholars, will be only possible on the long run as a new type of federation of nation states, provided that all components of economic union will be fully attained.

The Impact of European Economic Integration on Migration in the European Union

Directory of Open Access Journals (Sweden)

Simionescu Mihaela

2018-05-01

Full Text Available The recent enlargement of the EU (since 2004 and the United Kingdom's decision to leave the European Union have prompted a growing research interest in the political and academic environment because of the causes and consequences of migration between the CEE countries and those in the Western Europe. In this study, the effects of European economic integration on the number of EU-15 immigrants from the newly integrated EU countries were assessed by econometric techniques. According to panel data models, in the period 2000-2015, the number of migrants from the new member states of the EU has increased, in average, with more than 2200 people only due to their EU membership. This result reflects the positive impact of European economic integration on the number of emigrants from the CEE countries that chose the EU-15 states as destination countries. Moreover, according to some ridge Bayesian regressions, during the period 2004-2015, the EU-15 immigrants coming from the EU-13 states did not negatively affect the economic growth of the EU-15 countries.

An Integrated Decision Support System with Hydrological Processes and Socio-economic Assessments

Science.gov (United States)

Yu, Yang; Disse, Markus; Yu, Ruide

2017-04-01

. DSS is the main outcome of SuMaRiO. The overall goal of the DSS is to integrate all crucial research results of SuMaRiO, also including stakeholder perspectives, into a model based decision support system, which allows a Sustainability Impact Assessment (SIA) within regional planning. This SIA will take into account the perspectives of all relevant actors in the problem field of land and water management in the Tarim River Basin, to understand ecosystem services (ESS) and integrating them into land and water management. Under scenario assumptions, possible actions and their impacts are estimated in a semi-quantitative way with the help of sustainable indicators, which includes climate indicators, socio-economic Indicators, management Indicators, and ESS Indicators. A user-friendly graphical user interface (GUI) was developed to assist the decision-makers and common users, with Chinese and English versions available at the moment.

Application Framework Of Integrated Energy Resources Planning Considering Full Environmental Accounting

Energy Technology Data Exchange (ETDEWEB)

Kanayama, Paulo Helio; Morales Udaeta, Miguel Edgar; Ribeiro Galvao, Luis Claudio; Baesso Grimoni, Jose Aquiles

2010-09-15

This paper describes the full environmental accounting being used in RAA (Administrative Region of Aracatuba), an area composed of 43 municipalities in Sao Paulo, Brazil. The full environment accounting shows the vulnerabilities and advantages in the region that can be used as a tool for public awareness and involvement in decision making to choose the most appropriate energy resources of the region. It is characterized by four main environmental categories: aerial, aquatic, land and anthropogenic mediums, each to be used as a tool for decision making in energy planning, specifically with the methodology of PIR - Integrated Energy Resources Planning.

Generic Skills for Graduate Accountants: The Bigger Picture, a Social and Economic Imperative in the New Knowledge Economy

Science.gov (United States)

Bunney, Diane; Sharplin, Elaine; Howitt, Christine

2015-01-01

The case for integrating generic skills in university accounting programmes is well documented in the literature, but the implementation of strategies designed to teach generic skills in the context of accounting courses has posed ongoing challenges for academics and course administrators. The imperative for generic skills in accounting programmes…

The primary organization of accounting in budgetary institutions of Ukraine: development of the work plan accounts

Directory of Open Access Journals (Sweden)

Svirko S.V.

2017-03-01

Full Text Available The questions of primary accounting of economic activity of budgetary institutions in the modernization budget accounting subsystem. With the object of study chosen mechanism for building and operating its own chart of accounts of economic activity of budgetary institutions. In order to develop a thesaurus budget accounting formed the definition of «work plan accounts economic activity of budgetary institutions». The approaches to determining impacts, principles and stages of construction work plan accounts, based on what model of development formed a working plan of accounts of economic activity of budgetary institutions, based on the combined general and technical principles and allows for certain vectors regulatory impact. The necessity of formation at the Ministry of Finance of Ukraine three typical plans for major accounts of the public sector. Based on the study of the Chart of Accounts in the public sector generated and presented a typical chart of accounts of budget institutions. Conclusions about the necessity of forming mechanism of development of analytical accounts for different entities public sector.

Global Integration, Non-Oil Export and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Ozoemena Stanley Nwodo

2017-03-01

Full Text Available This study focuses on global integration, non-oil export and economic growth in Nigeria. The direct and interaction effect of the both openness variables and non-oil export on economic growth in Nigeria is investigated using quarterly data from 1986-2014. For analysis, it uses one measures of financial openness: de facto (total capital flow variables following Aizenman and Noy (2009.and a measure of trade openness adopted by Okoh (2004. The study applies the Autoregressive Distributed Lag Model (ARDL. The results show positive impact of non-oil export on economic growth in Nigeria both in the short run and in the long run, negative effect of trade and financial openness on economic growth however, the result recorded a negative effect of the interaction of trade openness and non-oil export on economic growth and a positive effect of the interaction of financial openness and non-oil export on economic growth. Thus, the study recommends among others that government should get the fundamentals right in the economy first that will boost non-oil sector before opening the economy for trade.

Critical Analysis of Methods for Integrating Economic and Environmental Indicators

NARCIS (Netherlands)

Huguet Ferran, Pau; Heijungs, Reinout; Vogtländer, Joost G.

2018-01-01

The application of environmental strategies requires scoring and evaluation methods that provide an integrated vision of the economic and environmental performance of systems. The vector optimisation, ratio and weighted addition of indicators are the three most prevalent techniques for addressing

The West African currency board and economic integration of British ...

African Journals Online (AJOL)

WACB) as an economic integration effort in British West Africa. Through a collaborative effort between this public institution and a private company, the Bank of British West Africa, British West African colonies were not only unified but also the way ...

Integrated Renovation Process

DEFF Research Database (Denmark)

Galiotto, Nicolas; Heiselberg, Per; Knudstrup, Mary-Ann

2016-01-01

renovation to be overcome. The homeowners were better integrated and their preferences and immaterial values were better taken into account. To keep the decision-making process economically viable and timely, the process as known today still needs to be improved, and new tools need to be developed....... This paper presents a new scheme: the integrated renovation process. One successful case study is introduced, and recommendations for future developments needed in the field are provided....

Economic Diplomacy in Africa: The Impact of Regional Integration versus Bilateral Diplomacy on Bilateral Trade

DEFF Research Database (Denmark)

Afesorgbor, Sylvanus Kwaku

The paper examines the impact of two main instruments of economic diplomacy — regional integration and commercial diplomacy on export flows among African states. We test whether there is any evidence of a trade-off or complementary interaction between these two instruments in trade facilitation. We...... compared to regional integration. We also find a nuanced interaction between these two instruments of economic diplomacy: the trade–stimulating effect of diplomatic exchange is less pronounced among African countries that shared membership of the same regional bloc. Generally, this could mean...... that there exists a trade-off between regional integration and commercial diplomacy in facilitating exports or a lack of complementarity between these two instruments of economic diplomacy....

Milestones of European Integration: Which matters most for Export Openness?

DEFF Research Database (Denmark)

Hiller, Sanne; Kruse, Robinson

The European integration process has removed barriers to trade within Europe. We analyze which integration step has most profoundly influenced the trending behavior of export openness. We endogenously determine the single most decisive break in the trend, account for strong cross-country heteroge......The European integration process has removed barriers to trade within Europe. We analyze which integration step has most profoundly influenced the trending behavior of export openness. We endogenously determine the single most decisive break in the trend, account for strong cross...... and the Netherlands are the Euro introduction, the Maastricht Treaty, the Exchange Rate Mechanism I and the merge of EFTA and EEC to the European Economic Area, respectively. Our empirical results have important implications for inner-European economic development, as export openness feeds back into growth...

“BEYOND THE GDP” - THROUGH THE ENVIRONMENTAL ACCOUNTS

Directory of Open Access Journals (Sweden)

Daniela ŞTEFĂNESCU

2010-06-01

Full Text Available In order to build a sustainable economic society with a lowenvironmental impact, the private sector and the general government must identify and implement active or voluntary tools capable of influencing the carrying out of the socio-economic activities as to ensure their sustainability. These topics were subject to the high level Conference “Beyond the GDP”, jointly organised by the European Commission, the European Parliament, the Club of Rome, UNECE and OECD in November 2007. The Conference has statuated certain road maps in view to build up the statistical tools that are necessary in order to obtain the integrated “economy – environment” indicators.At the same time, a strong support of decision-makers, of the experts and of the civil society for their implementation has been proven.The same objectives are envisaged by the Stiglitz Commission,established upon the request of Mr. Nicolas Sarkozy, the President of France, in view to identify new tools necessary for the production of complementary information which, together with the GDP, could more pertinently characterise the social progress.Due to these tools the decision-makers in the general government andbusinesses get useful information based on which they are able to measure, analyse and highlight the costs related to the economic activities meant to promote the environmental conservation and the quantitative effects (expressed in monetary or physical units in the context of the sustainable development requirements.The transposition of such mechanisms into an information systemrepresents the basis of environmental accountancy.The environmental accounts provide data highlighting the maincontribution of natural resources to the economic development, the wellbeing and the pollution or resource degradation-related costs. It can be said that the environmental accountancy achieves the measurement of the economic efficiency of the environmental conservation activities as part of the

Is Pan-Asian Economic Integration Moving Forward?: Evidence from Pan-Asian Trade Statistics

OpenAIRE

Sapkota, Jeet Bahadur; Shuto, Motoko

2016-01-01

Asia is growing economically faster than any other region in the world; this led to the shift of the center of gravity of the global economy from the West to the East. However, it is not clear whether the Asian economy is integrating regionally or globally. In the context of the growing efforts of regional or sub-regional pan-Asian integration, it is worthwhile to explore the pan-Asian trade flows regionally as well as globally. Thus, this paper examines the trend and determinants of economic...

Economic value of biological control in integrated pest management of managed plant systems.

Science.gov (United States)

Naranjo, Steven E; Ellsworth, Peter C; Frisvold, George B

2015-01-07

Biological control is an underlying pillar of integrated pest management, yet little focus has been placed on assigning economic value to this key ecosystem service. Setting biological control on a firm economic foundation would help to broaden its utility and adoption for sustainable crop protection. Here we discuss approaches and methods available for valuation of biological control of arthropod pests by arthropod natural enemies and summarize economic evaluations in classical, augmentative, and conservation biological control. Emphasis is placed on valuation of conservation biological control, which has received little attention. We identify some of the challenges of and opportunities for applying economics to biological control to advance integrated pest management. Interaction among diverse scientists and stakeholders will be required to measure the direct and indirect costs and benefits of biological control that will allow farmers and others to internalize the benefits that incentivize and accelerate adoption for private and public good.

CONCEPTUAL ASPECTS ON MANAGERIAL ACCOUNTING AND ITS INFLUENCE ON MANAGEMENT

Directory of Open Access Journals (Sweden)

TIRAU ADRIAN IOAN

2017-12-01

Full Text Available Managerial accounting must be defined and analyzed as well as an integrated component in the decisionmaking process. Starting from this premise, we need to clearly highlight the role and objectives of managerial accounting. The importance of managerial accounting is highlighted by the challange that economic entities have to respond, to develop and substantiate optimal decisions and know how to select new initiatives to refocus their own activity. The important role played by managerial accounting and the calculation of costs in the decision-making process outlines the objectives of the research theme, objectives which, in order to be achived suppose the analyse of theoretical aspects existing in the national and international literature regarding to the organization of the management accounting and cost calculation.

Thermochemical production of liquid fuels from biomass: Thermo-economic modeling, process design and process integration analysis

International Nuclear Information System (INIS)

Tock, Laurence; Gassner, Martin; Marechal, Francois

2010-01-01

A detailed thermo-economic model combining thermodynamics with economic analysis and considering different technological alternatives for the thermochemical production of liquid fuels from lignocellulosic biomass is presented. Energetic and economic models for the production of Fischer-Tropsch fuel (FT), methanol (MeOH) and dimethyl ether (DME) by means of biomass drying with steam or flue gas, directly or indirectly heated fluidized bed or entrained flow gasification, hot or cold gas cleaning, fuel synthesis and upgrading are reviewed and developed. The process is integrated and the optimal utility system is computed. The competitiveness of the different process options is compared systematically with regard to energetic, economic and environmental considerations. At several examples, it is highlighted that process integration is a key element that allows for considerably increasing the performance by optimal utility integration and energy conversion. The performance computations of some exemplary technology scenarios of integrated plants yield overall energy efficiencies of 59.8% (crude FT-fuel), 52.5% (MeOH) and 53.5% (DME), and production costs of 89, 128 and 113 Euro MWh -1 on fuel basis. The applied process design approach allows to evaluate the economic competitiveness compared to fossil fuels, to study the influence of the biomass and electricity price and to project for different plant capacities. Process integration reveals in particular potential energy savings and waste heat valorization. Based on this work, the most promising options for the polygeneration of fuel, power and heat will be determined in a future thermo-economic optimization.

FORMATION OF ORGANIZATIONAL AND ECONOMIC INTEGRATED STRUCTURES IN THE ALUMINUM INDUSTRY

Directory of Open Access Journals (Sweden)

S. B. Kazbekova

2013-01-01

Full Text Available The paper reveals the theoretical foundations of economic efficiency of production and integrated structures formation. Their advantages are demonstrated by the example of the formation of vertically integrated structures in the aluminium industry in the framework created by smelting aluminium cluster inKazakhstan. Also examines the valuable experience gained in the organization of such structures in theRussian Federationin recent years

France And The Economic Integration Project In Francophone Africa ...

African Journals Online (AJOL)

France And The Economic Integration Project In Francophone Africa. Kunle Amuwo. Abstract. No Abstract African Journal of Political Science Vol.4(1) 1999: 1-20. Full Text: EMAIL FULL TEXT EMAIL FULL TEXT · DOWNLOAD FULL TEXT DOWNLOAD FULL TEXT · http://dx.doi.org/10.4314/ajps.v4i1.27343 · AJOL African ...

Economic Impact Assessment of Wind Power Integration: A Quasi-Public Goods Property Perspective

Directory of Open Access Journals (Sweden)

Huiru Zhao

2015-08-01

Full Text Available The integration of wind power into power grid will bring some impacts on the multiple subjects of electric power system. Economic impacts of wind power integration on multiple subjects of China’s electric power system were quantitatively assessed from Quasi-public goods property perspective in this paper. Firstly, the Quasi-public goods property of transmission services provided by power grid corporations was elaborated. Secondly, the multiple subjects of China’s electric power system, which include electricity generation enterprises (EGEs, power grid corporations (PGCs, electricity consumers (ECs, and environment, were detailed analyzed. Thirdly, based on the OPF-based nodal price model and transmission service cost allocation model, the economic impact assessment model of wind power integration was built from Quasi-public goods property perspective. Then, the IEEE-24 bus system employed in this paper was introduced according to current status of China’s electric power system, and the modeling of wind turbine was also introduced. Finally, the simulation analysis was performed, and the economic impacts of wind power integration on EGEs, PGCs, ECs and Environment were calculated. The results indicate, from Quasi-public goods property perspective, the wind power integration will bring positive impacts on EGEs, PGCs and Environment, while negative impacts on ECs. The findings can provide references for power system managers, energy planners, and policy makers.

Environmental Accounts of the Netherlands 2010

International Nuclear Information System (INIS)

2011-11-01

The Environmental Accounts of the Netherlands by Statistics Netherlands (CBS) present a broad quantitative overview of important economic-environmental developments. The environmental accounts provide a systematic description of the relationship between the environment and the economy and can be used for in depth analyses of various types. Key indicators that can be derived from the environmental accounts provide an insight into the interrelation between the environment and the economy, and into the issues of sustainability and green growth. The international interest in environmental accounting has been growing in recent years. In 2012 this will culminate in the adaptation of the System of integrated Environmental and Economic Accounting (SEEA) as an international statistical standard. The first part of the Environmental accounts of the Netherlands 2010 provides an overview of the most recent developments in the relationship between the environment and the economy. Part two presents three articles that provide more in-depth analyses of specific topics. In the first article the direct and indirect economic impact of activities related to the North Sea are quantified in terms of employment, production and value added. One of the important outcomes of this study was that almost 250 thousand Dutch employees are dependent on the North Sea economy. The information from this study will be used in the evaluation of the European Union's Marine Strategy Framework Directive. The second article examines the methodology to validate renewable energy resources and provides a comprehensive overview into the economy behind wind energy production. It shows that wind energy production is not yet profitable without government support schemes. The third article presents the first results of a study on environmental subsidies. The results indicate that environmentally motivated subsidies are used extensively by only few industries, such as agriculture, electricity companies, and the

Material Protection, Accounting, and Control Technologies (MPACT) Advanced Integration Roadmap

Energy Technology Data Exchange (ETDEWEB)

Durkee, Joe W. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Cipiti, Ben [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Demuth, Scott Francis [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Fallgren, Andrew James [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Jarman, Ken [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Li, Shelly [Argonne National Lab. (ANL), Argonne, IL (United States); Meier, Dave [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Miller, Mike [Argonne National Lab. (ANL), Argonne, IL (United States); Osburn, Laura Ann [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Pereira, Candido [Argonne National Lab. (ANL), Argonne, IL (United States); Dasari, Venkateswara Rao [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Ticknor, Lawrence O. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Yoo, Tae-Sic [Argonne National Lab. (ANL), Argonne, IL (United States)

2016-09-30

The development of sustainable advanced nuclear fuel cycles is a long-term goal of the Office of Nuclear Energy’s (DOE-NE) Fuel Cycle Technologies program. The Material Protection, Accounting, and Control Technologies (MPACT) campaign is supporting research and development (R&D) of advanced instrumentation, analysis tools, and integration methodologies to meet this goal (Miller, 2015). This advanced R&D is intended to facilitate safeguards and security by design of fuel cycle facilities. The lab-scale demonstration of a virtual facility, distributed test bed, that connects the individual tools being developed at National Laboratories and university research establishments, is a key program milestone for 2020. These tools will consist of instrumentation and devices as well as computer software for modeling, simulation and integration.

Material Protection, Accounting, and Control Technologies (MPACT) Advanced Integration Roadmap

Energy Technology Data Exchange (ETDEWEB)

Miller, Mike [Idaho National Lab. (INL), Idaho Falls, ID (United States); Cipiti, Ben [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Demuth, Scott Francis [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Durkee, Jr., Joe W. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Fallgren, Andrew James [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Jarman, Ken [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Li, Shelly [Idaho National Lab. (INL), Idaho Falls, ID (United States); Meier, Dave [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Osburn, Laura Ann [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Pereira, Candido [Argonne National Lab. (ANL), Argonne, IL (United States); Dasari, Venkateswara Rao [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Ticknor, Lawrence O. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Yoo, Tae-Sic [Idaho National Lab. (INL), Idaho Falls, ID (United States)

2017-01-30

The development of sustainable advanced nuclear fuel cycles is a long-term goal of the Office of Nuclear Energy’s (DOE-NE) Fuel Cycle Technologies program. The Material Protection, Accounting, and Control Technologies (MPACT) campaign is supporting research and development (R&D) of advanced instrumentation, analysis tools, and integration methodologies to meet this goal (Miller, 2015). This advanced R&D is intended to facilitate safeguards and security by design of fuel cycle facilities. The lab-scale demonstration of a virtual facility, distributed test bed, that connects the individual tools being developed at National Laboratories and university research establishments, is a key program milestone for 2020. These tools will consist of instrumentation and devices as well as computer software for modeling, simulation and integration.

Methanol production via pressurized entrained flow biomass gasification – Techno-economic comparison of integrated vs. stand-alone production

International Nuclear Information System (INIS)

Andersson, Jim; Lundgren, Joakim; Marklund, Magnus

2014-01-01

The main objective with this work was to investigate techno-economically the opportunity for integrated gasification-based biomass-to-methanol production in an existing chemical pulp and paper mill. Three different system configurations using the pressurized entrained flow biomass gasification (PEBG) technology were studied, one stand-alone plant, one where the bark boiler in the mill was replaced by a PEBG unit and one with a co-integration of a black liquor gasifier operated in parallel with a PEBG unit. The cases were analysed in terms of overall energy efficiency (calculated as electricity-equivalents) and process economics. The economics was assessed under the current as well as possible future energy market conditions. An economic policy support was found to be necessary to make the methanol production competitive under all market scenarios. In a future energy market, integrating a PEBG unit to replace the bark boiler was the most beneficial case from an economic point of view. In this case the methanol production cost was reduced in the range of 11–18 Euro per MWh compared to the stand-alone case. The overall plant efficiency increased approximately 7%-units compared to the original operation of the mill and the non-integrated stand-alone case. In the case with co-integration of the two parallel gasifiers, an equal increase of the system efficiency was achieved, but the economic benefit was not as apparent. Under similar conditions as the current market and when methanol was sold to replace fossil gasoline, co-integration of the two parallel gasifiers was the best alternative based on received IRR. - Highlights: • Techno-economic results regarding integration of methanol synthesis processes in a pulp and paper mill are presented. • The overall energy efficiency increases in integrated methanol production systems compared to stand-alone production units. • The economics of the integrated system improves compared to stand-alone alternatives. • Tax

Fundamentals of accounting support for economic mechanism for protection and sustainable use of land resources in Ukraine

Directory of Open Access Journals (Sweden)

Ostapchuk T.P.

2017-08-01

Full Text Available The problems of agricultural land accounting are investigated with the aim of developing methodological approaches for reliable accounting of land resources transactions that will become the basis for improving control procedures for land conservation and protection. One of the most important priorities of state policy, the condition for stability and development of the country’s national economy is a scientifically grounded land use policy, which serves as an economic indicator of the development of the state and one of the ways to overcome the financial and economic crisis in the country when it occurs. World practice has shown that the only universal exchange equivalent in the way of overcoming the economic crisis of any state is natural resources, and one of the significant, practically reproducible resources is land. Depending on the categories of lands, they may be subject to both ownership rights and full ownership. However, this property right remains inadequate, as owners of land plots cannot use them freely (sell, transfer, inherit, give, etc.. This refers to the agricultural land, for sale of which a moratorium has been established banning alienation and changing the purpose of agricultural land up to 2017, inclusive.

How can ASEAN and Japan mutually benefit from ASEAN economic integration?

OpenAIRE

Sato, Hitoshi

2014-01-01

This paper reviews the evolution of the economic and political relationship between the Association of Southeast Asian Nations (ASEAN) Member States and Japan since the 1970s, from the perspectives of trade in goods and services, foreign direct investment (FDI) and international labour movements. ASEAN economic integration is likely to yield mutual benefits for both ASEAN Member States and Japan. The larger ASEAN market will not only attract new Japanese FDI but also encourage Japanese multin...

Methods of internal control in integrated management accounting system of the enterprise

Directory of Open Access Journals (Sweden)

Shevelev A.E.

2017-01-01

Full Text Available The purpose of internal control procedure of material and information flows is expression of independent opinion about accounting of material and information flows of the organization, development of recommendations about elimination of detected violations and preparing data to implement automated management accounting system, based on integrated system. Internal control procedure of material and information flows in the enterprise can solve complex of problems about identifying deficiencies in accounting, searching for reserves using information resources, identifying opportunities for implementation of automated management accounting system at the enterprise. Internal control was planned and conducted thus to argue that management statements are free of misstatement, and information flows provide required operability of the entire system. Internal control was carried out on a sample basis and included examining, on a test basis evidence supporting the amounts and disclosures in management reports. The disclosure of information about innovative activities, assessment of compliance with the principles and rules of accounting used in the preparation of management reporting, the review of key performance indicators, as well as evaluating the presentation of management reports are presented.

Saving the companies affected by the current economic crises – at the hand of stakeholders and accounting professionals

Directory of Open Access Journals (Sweden)

Andreea Paula Dumitru

2013-05-01

Full Text Available The current economic environment is characterized by uncertainties related to price volatility, difficulties in the valuation of financial instruments, as well as of assets and liabilities in general. More and more companies face liquidity issues that could even threaten their existence. Under these circumstances, saving such companies becomes a major concern for the ones directly interested, “survival” being the term most used in the current state of the world’s economy. In the context of this economic turmoil at international level, the main stakeholders and the accountants professionals find themselves in the position of revising their procedures, objectives, strategies, but also their behaviour, their attitude in general, in order to limit or even eliminate the negative consequences of the financial crisis. From our perspective, the communication among company, stakeholders, and auditors represents the fundament of a successful business strategy. However, communication difficulties could be encountered, especially under conditions of uncertainty and crisis. The present article intends to identify the opportunities and threats generated by the economic crisis and to analyze the information flows among company, stakeholders and accountants professionals under circumstances in which the going concern assumption is threatened. Our paper emphasizes the importance of communication among company, stakeholders, and auditors in saving the firms affected by the economic crisis.

Study on Integrating Accounting in the Information System of the Organization

Directory of Open Access Journals (Sweden)

Ciuhureanu Alina-Teodora

2017-12-01

Full Text Available In order to gain power in an ever-changing economy, in diversified markets, the organization must have an up-to-date information system that enables managers to get a detailed understanding of the organization’s status and to obtain what is needed to manage – the information. Starting from these premises, the empirical research presents the components of the information system. One of the main contributions, however, is to customize the opinions of the specialists and to create a logical scheme on the accounting information system. Moreover, through selective research, the article analyzed the managers’ interest in accounting information and its integration into the information system of the organization.

Integrated Emergy and Economic Evaluation of Lotus-Root ...

Science.gov (United States)

Lotus (Neumbo nucifera, Gaertn) is the most important aquatic vegetable in China, with a cultivation history of over 3000 years. The emergy, energy, material, and money flows of three lotus root cultivation modes in Wanqingsha, Nansha District, Guangzhou, China were examined using Energy Systems Language models and emergy evaluation to better understand their ecological and economic characteristics on multiple spatial and temporal scales. The natural resource foundations, economic characteristics and sustainability of these modes were evaluated and compared. The results showed that although all three modes were highly dependent on purchased emergy inputs, their potential impacts as measured by the local (ELRL) and global (ELRW) environmental loading ratios were less than 1.2 and 0.7, respectively. The lotus-fish mode was the most sustainable with its emergy index of sustainable development (EISD) 2.09 and 2.13 times that of the pure lotus and lotus-shrimp modes, respectively. All three lotus-root production modes had superior economic viability, since their Output/Input ratio ranged from 2.56 to 4.95. The results indicated that agricultural systems may have different environmental impacts and sustainability characteristics at different spatial and temporal scales, and that these impacts and characteristics can be simultaneously explored using integrated emergy and economic evaluations. This study provides some major new insights about agriculture and its potenti

Guidelines for the Economic Evaluation of Building-Integrated Photovoltaic Power Systems

Energy Technology Data Exchange (ETDEWEB)

Eiffert, P.; International Energy Agency (IEA) PVPS Task 7

2003-01-01

This report identifies the economic parameters of building-integrated PV (BIPV) systems. The guidelines are structured in three major parts: the investment analysis (methods and ownership issues), benefits, and costs. Measurement and verification are also discussed briefly.

Integration Costs Revisited – An economic framework for wind and solar variability

OpenAIRE

Hirth, Lion (Prof. Dr.); Ueckerdt, Falko (Dr.); Edenhofer, Ottmar (Prof. Dr.)

2015-01-01

The integration of wind and solar generators into power systems causes “integration costs” – for grids, balancing services, more flexible operation of thermal plants, and reduced utilization of the capital stock embodied in infrastructure, among other things. This paper proposes a framework to analyze and quantify these costs. We propose a definition of integration costs based on the marginal economic value of electricity, or market value – as such a definition can be more easily used in econ...

From Physical Process to Economic Cost - Integrated Approaches of Landslide Risk Assessment

Science.gov (United States)

Klose, M.; Damm, B.

2014-12-01

The nature of landslides is complex in many respects, with landslide hazard and impact being dependent on a variety of factors. This obviously requires an integrated assessment for fundamental understanding of landslide risk. Integrated risk assessment, according to the approach presented in this contribution, implies combining prediction of future landslide occurrence with analysis of landslide impact in the past. A critical step for assessing landslide risk in integrated perspective is to analyze what types of landslide damage affected people and property in which way and how people contributed and responded to these damage types. In integrated risk assessment, the focus is on systematic identification and monetization of landslide damage, and analytical tools that allow deriving economic costs from physical landslide processes are at the heart of this approach. The broad spectrum of landslide types and process mechanisms as well as nonlinearity between landslide magnitude, damage intensity, and direct costs are some main factors explaining recent challenges in risk assessment. The two prevailing approaches for assessing the impact of landslides in economic terms are cost survey (ex-post) and risk analysis (ex-ante). Both approaches are able to complement each other, but yet a combination of them has not been realized so far. It is common practice today to derive landslide risk without considering landslide process-based cause-effect relationships, since integrated concepts or new modeling tools expanding conventional methods are still widely missing. The approach introduced in this contribution is based on a systematic framework that combines cost survey and GIS-based tools for hazard or cost modeling with methods to assess interactions between land use practices and landslides in historical perspective. Fundamental understanding of landslide risk also requires knowledge about the economic and fiscal relevance of landslide losses, wherefore analysis of their

Empirical Analysis of Time in Relation to Economic Development. A System of Time Accounts

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NICOLETA CARAGEA

2010-12-01

Full Text Available The paper proposes a new approach to the relation between socio-economic development and time. Measuring the economic development of a country by GDP it is obvious that the indicator is an insufficient measure in order to illustrate the progress of the society. National Time Accounting is a set of methods for measuring, comparing and analyzing how people spend and experience their time. The approach is based on evaluated time use or the flow of emotional experience during daily activities. In order to determine the level of development an international system of new statistical indicators was elaborated to express development trough the quality of life growing. The indicators are related to the economic level of the country, living and environmental conditions, employment and the quality of human capital in labour market, but also they reflect the household activities, the balance between professional and private life of people, health condition. The U-index helps to overcome some of the limitations of interpersonal comparisons of subjective well-being.

Accountability in health care: an essay on mechanisms, muddles, and mires.

Science.gov (United States)

Bjorkman, J W; Altenstetter, C

1979-01-01

This paper presents a critical evaluation of several theories of accountability and their applicability to health care concerns. The authors first provide a preliminary refinement of the imprecise concept of accountability itself and then examine four major types (political; bureaucratic; professional; and economic-consumer). Then, by using disciplinary perspectives provided by several schools of thought in political science (legislative supremacy; general manager theory; government by bureaucracy; objective responsibility; citizen participation), they discuss the degree of accountability presently found in various American health policies. After identifying the inherent dilemmmas within any credible accountability approach to health care programs as now utilized in the United States, the authors recommend that all types of accountability be integrated and strengthened by relying more explicitly on practices characteristic of development administration.

Improvement of economic security management system of municipalities with account of transportation system development: methods of assessment

Science.gov (United States)

Khe Sun, Pak; Vorona-Slivinskaya, Lubov; Voskresenskay, Elena

2017-10-01

The article highlights the necessity of a complex approach to assess economic security of municipalities, which would consider municipal management specifics. The approach allows comparing the economic security level of municipalities, but it does not describe parameter differences between compared municipalities. Therefore, there is a second method suggested: parameter rank order method. Applying these methods allowed to figure out the leaders and outsiders of the economic security among municipalities and rank all economic security parameters according to the significance level. Complex assessment of the economic security of municipalities, based on the combination of the two approaches, allowed to assess the security level more accurate. In order to assure economic security and equalize its threshold values, one should pay special attention to transportation system development in municipalities. Strategic aims of projects in the area of transportation infrastructure development in municipalities include the following issues: contribution into creating and elaborating transportation logistics and manufacture transport complexes, development of transportation infrastructure with account of internal and external functions of the region, public transport development, improvement of transport security and reducing its negative influence on the environment.

New Horizons For Accounting: Social Accounting

OpenAIRE

Ertuna, Özer

2012-01-01

Currently financial accounting function is going through an accelerated transformation. In this transformation the area of interest of the accounting function is expanding to serve the information needs of a greater number of interest groups’ wider spectrum of interests with financial, economic, social and environmental data related to the performance of companies. This transformation is initiated by the developments in stakeholder, corporate social responsibility, sustainability and environm...

Integrating Systems into Accounting Instruction.

Science.gov (United States)

Heatherington, Ralph

1980-01-01

By incorporating a discussion of systems into the beginning accounting class, students will have a more accurate picture of business and the role accounting plays in it. Students should understand the purpose of forms, have a basic knowledge of flowcharting principles and symbols, and know how source documents are created. (CT)

Green accounting for greener energy

International Nuclear Information System (INIS)

Stanojevic, M.; Vranes, S.; Goekalp, I.

2010-01-01

The first step towards the widespread use of renewable energy sources and preservation of our environment for the people of the future is to adopt the ''green accounting'' standards that translate socially and environmentally responsible behavior into monetary terms, the only language businesses understand. These standards have the potential of switching on the red light for all pollution-causing power plants, and those depleting the natural capital in any way, be it over-harvesting the forests, or exhausting the underground treasures - coal, oil, natural gas, etc. This paper will show how green accounting can help in changing the focus from the economic welfare to the total societal welfare, acknowledging the fact that human society is an integral part of the natural world. The paper will also briefly present the software developed by the authors that introduce the green accounting principles into the investment appraisal process, aiming at encouraging investments into renewable energy. The tool is also useful as a platform facilitating calibration of economic/financial instruments, like environmental taxes of governmental incentives, that are usually to boost renewable energy sector. The comparative analysis of investment into biofuel-powered combined heat and power production plant using two types of investment valuation standards, one based on conventional cash-flow analysis, the other based on green-accounting standards is detailed in the paper. The analysis is performed as a part of the European Commission Framework Program Project AFTUR, undertaken by the consortium consisting of respectful European Research Establishments in renewable energy area as well as major European biofuel-powered turbine producers. The results show that the wider adoption of green accounting standards would induce the unprecedented growth of the renewable energy sector, because it would make the investment into renewable energy attractive for investors. (author)

Evidence-Based Model of Integration of Regions for Ensuring Economic Security and Sustainable Development of the Russian Federation

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Olga O. Smirnova

2017-01-01

Full Text Available Purpose: the main objective of preparation of article consists in formation of conceptual reasons for the new approach to administrative-territorial division of the Russian Federation corresponding to the relevant calls facing the country in the modern economic conditions. For achievement of this purpose in article the following research tasks are delivered and successfully solved: 1 to create new approach to administrative-territorial division of the Russian Federation on the basis of stability of her subjects; 2 to develop conceptual model of acceptance of the administrative decision on enlargement of regions by use of the modern methods of the quantitative and qualitative analysis of nature of regional development and a status of an economic security of the territory; 3 to define composition and structure of regional clusters, to give their characteristic in specific parametric space; 4 to develop recommendations about formation of administrative decisions on enlargement of regions taking into account specifics of development of the territories in a section of each cluster. Methods: by preparation of article general scientific methods of researches, such as systematization, generalization, cause-effect analysis and also receptions of the quantitative are used (hierarchical and iterative methods, statistic analysis and qualitative (methods of the spatial analysis, theory of image identification analysis. The new conceptual model based on synthesis of qualitative and quantitative methods of assessment of effectiveness of association of territories is developed for achievement of the goal of a research. According to the offered model making decision on association of the region is carried out in four steps. At the first stage justification of expediency of integration of territories is carried out and the general concept of association of regions is formed; at the second stage – holding a procedure of the cluster analysis and registration of

Integrated Approach Model of Risk, Control and Auditing of Accounting Information Systems

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Claudiu BRANDAS

2013-01-01

Full Text Available The use of IT in the financial and accounting processes is growing fast and this leads to an increase in the research and professional concerns about the risks, control and audit of Ac-counting Information Systems (AIS. In this context, the risk and control of AIS approach is a central component of processes for IT audit, financial audit and IT Governance. Recent studies in the literature on the concepts of risk, control and auditing of AIS outline two approaches: (1 a professional approach in which we can fit ISA, COBIT, IT Risk, COSO and SOX, and (2 a research oriented approach in which we emphasize research on continuous auditing and fraud using information technology. Starting from the limits of existing approaches, our study is aimed to developing and testing an Integrated Approach Model of Risk, Control and Auditing of AIS on three cycles of business processes: purchases cycle, sales cycle and cash cycle in order to improve the efficiency of IT Governance, as well as ensuring integrity, reality, accuracy and availability of financial statements.

Disentangling agronomic and economic yield gaps: An integrated framework and application

NARCIS (Netherlands)

Dijk, M. van; Morley, T.; Jongeneel, R.A.; Ittersum, M.K. van; Reidsma, P.; Ruben, R.

2017-01-01

Despite its frequent use in policy discussions on future agricultural production, both the concept of the yield gap and its determinants are understood differently by economists and agronomists. This study provides a micro-level framework that disentangles and integrates agronomic and economic

A Commentary on "Integrated Reporting: A Review of Developments and Their Implications for the Accounting Curriculum"

Science.gov (United States)

Correa Ruiz, Carmen

2013-01-01

In this commentary, Correa Ruiz notes that from his analysis, Owen (2013) identified the essential elements to be included in a modern professional accounting curriculum, described how Association of Chartered Certified Accountants (ACCA) has embedded "Integrated Reporting" in its curriculum, and discussed future curriculum development,…

Specialized Accounting Expert Evidence on Economic and Financial Crimes: Analysis of the DMG Case

OpenAIRE

Ramírez, Maricela; Universidad Pedagógica y Tecnológica de Colombia.; Robayo-Nieto, Natalia; Universidad Pedagógica y Tecnológica de Colombia; Parra-Castiblanco, Lina María; Universidad Pedagógica y Tecnológica de Colombia.

2016-01-01

Generally, in the cases related to economic and financial fraud crimes defined in the Code of Criminal Procedure the performance of accounting experts is necessary, as to assist the justice system. Thus, the appointed professional creates an expert report of its evidence analysis and research work, and comes before the court in a public oral trial as to be questioned and cross-examined. In this context, this study –derived from formal research activities– will determine the requirements of th...

Hydro-economic modeling of the role of forests on water resources production in Andalusia, Spain

Science.gov (United States)

Beguería, Santiago; Serrano-Notivoli, Roberto; Álvarez-Palomino, Alejandro; Campos, Pablo

2014-05-01

The development of more refined information tools is a pre-requisite for supporting decision making in the context of integrated water resources management. Among these tools, hydro-economic models are favoured because they allow integrating the ecological, hydrological, infrastructure and economic aspects into a coherent, scientifically-informed framework. We present a case study that assesses physically the water resources of forest lands of the Andalusia region in Spain and conducts an economic environmental income and asset valuation of the forest surface water yield. We show how, based on available hydrologic and economic data, we can develop a comprehensive water account for all the forest lands at the regional scale. This forest water environmental valuation is part of the larger RECAMAN project, which aims at providing a robust and easily replicable accounting tool to evaluate yearly the total income an capital generated by the forest land, encompassing all measurable sources of private and public incomes (timber and cork production, auto-consumption, recreational activities, biodiversity conservation, carbon sequestration, water production, etc.). Only a comprehensive integrated tool such as the one built within the RECAMAN project may serve as a basis for the development of integrated policies such as those internationally agreed and recommended for the management of water resources.

A critical consideration of ethical foundations for the accounting profession

Directory of Open Access Journals (Sweden)

Pieter Buys

2012-11-01

Full Text Available When considering some of the key reasons for the desperate state of the current global economic environment, it is difficult to deny accounting’s role therein. Although accounting institutes require adherence to codes of conduct, the question remains as to what happened to the stewardship function of the accounting profession. This article has critically reflected on the question, ‘What constitutes an ethical accounting profession’? The key principles within many institutes’ codes of conduct, such as competency, integrity, objectivity and confidentiality, have been considered against the background of utilitarianism, formalism and virtue ethics as foundational ethical theories. This article has concluded that although these principles aim to provide a framework for ethical accounting conduct, individual subjectivity on the part of the accountant will play a role in how these ethical principles become ethical practices.

[Ethics versus economics in public health? On the integration of economic rationality in a discourse of public health ethics].

Science.gov (United States)

Rothgang, H; Staber, J

2009-05-01

In the course of establishing the discourse of public health ethics in Germany, we discuss whether economic efficiency should be part of public health ethics and, if necessary, how efficiency should be conceptualized. Based on the welfare economics theory, we build a theoretical framework that demands an integration of economic rationality in public health ethics. Furthermore, we consider the possible implementation of welfare efficiency against the background of current practice in an economic evaluation of health care in Germany. The indifference of the welfare efficiency criterion with respect to distribution leads to the conclusion that efficiency must not be the only criteria of public health ethics. Therefore, an ethical approach of principles should be chosen for public health ethics. Possible conflicts between principles of such an approach are outlined.

Assessing the economic feasibility of flexible integrated gasification Co-generation facilities

NARCIS (Netherlands)

Meerman, J.C.; Ramírez Ramírez, C.A.; Turkenburg, W.C.; Faaij, A.P.C.

2011-01-01

This paper evaluated the economic effects of introducing flexibility to state-of-the-art integrated gasification co-generation (IGCG) facilities equipped with CO2 capture. In a previous paper the technical and energetic performances of these flexible IG-CG facilities were evaluated. This paper

Market Integration Predicts Human Gut Microbiome Attributes across a Gradient of Economic Development.

Science.gov (United States)

Stagaman, Keaton; Cepon-Robins, Tara J; Liebert, Melissa A; Gildner, Theresa E; Urlacher, Samuel S; Madimenos, Felicia C; Guillemin, Karen; Snodgrass, J Josh; Sugiyama, Lawrence S; Bohannan, Brendan J M

2018-01-01

Economic development is marked by dramatic increases in the incidence of microbiome-associated diseases, such as autoimmune diseases and metabolic syndromes, but the lifestyle changes that drive alterations in the human microbiome are not known. We measured market integration as a proxy for economically related lifestyle attributes, such as ownership of specific market goods that index degree of market integration and components of traditional and nontraditional (more modern) house structure and infrastructure, and profiled the fecal microbiomes of 213 participants from a contiguous, indigenous Ecuadorian population. Despite relatively modest differences in lifestyle across the population, greater economic development correlated with significantly lower within-host diversity, higher between-host dissimilarity, and a decrease in the relative abundance of the bacterium Prevotella . These microbiome shifts were most strongly associated with more modern housing, followed by reduced ownership of traditional subsistence lifestyle-associated items. IMPORTANCE Previous research has reported differences in the gut microbiome between populations residing in wealthy versus poorer countries, leading to the assertion that lifestyle changes associated with economic development promote changes in the gut microbiome that promote the proliferation of microbiome-associated diseases. However, a direct relationship between economic development and the gut microbiome has not previously been shown. We surveyed the gut microbiomes of a single indigenous population undergoing economic development and found significant associations between features of the gut microbiome and lifestyle changes associated with economic development. These findings suggest that even the earliest stages of economic development can drive changes in the gut microbiome, which may provide a warning sign for the development of microbiome-associated diseases.

Assessing the integrity of local area network materials accountability systems against insider threats

International Nuclear Information System (INIS)

Jones, E.; Sicherman, A.

1996-07-01

DOE facilities rely increasingly on computerized systems to manage nuclear materials accountability data and to protect against diversion of nuclear materials or other malevolent acts (e.g., hoax due to falsified data) by insider threats. Aspects of modern computerized material accountability (MA) systems including powerful personal computers and applications on networks, mixed security environments, and more users with increased knowledge, skills and abilities help heighten the concern about insider threats to the integrity of the system. In this paper, we describe a methodology for assessing MA applications to help decision makers identify ways of and compare options for preventing or mitigating possible additional risks from the insider threat. We illustrate insights from applying the methodology to local area network materials accountability systems

Eurasian Economic Union: Opportunities and Barriers to Regional and Global Leadership

Directory of Open Access Journals (Sweden)

In Andronova

2016-09-01

Full Text Available The Eurasian Economic Union (EEU is a new integration grouping in the post-Soviet space that is generating heightened interest as a global economy with the potential to become a new regional and global actor. This article analyzes the effectiveness of the Eurasian integration processes and proposes several actions to strengthen economic relations among EEU members through detecting and building common economic interests. Russia accounts for as much as 87% of the EEU’s geo-economic potential, which stresses the country’s role as anintegrative hub. The EEU benefits are thus unevenly distributed among its participants. Moreover, these benefits lack consistency and long-term orientation, which may threaten the EEU’s existence if markets and international economic relations change.This article analyses the interrelation and interdependency of national economies in terms of the mutual trade in goods and services and investment cooperation. It finds that the level of economic integration does not meet the interests of strengthening Eurasian integration. Despite the huge benefits of the Customs Union, trade volumes have not increased and the structure of manufacturing and cooperation ties remain unchanged. This article recommends that developing and implementing a common industrial and agricultural policy would strengthen the EEU, and proposes an approach to estimate the results of such a policy.

The Role of Work-Integrated Learning in Student Preferences of Instructional Methods in an Accounting Curriculum

Science.gov (United States)

Abeysekera, Indra

2015-01-01

The role of work-integrated learning in student preferences of instructional methods is largely unexplored across the accounting curriculum. This study conducted six experiments to explore student preferences of instructional methods for learning, in six courses of the accounting curriculum that differed in algorithmic rigor, in the context of a…

Using the Student Research Project to Integrate Macroeconomics and Statistics in an Advanced Cost Accounting Course

Science.gov (United States)

Hassan, Mahamood M.; Schwartz, Bill N.

2014-01-01

This paper discusses a student research project that is part of an advanced cost accounting class. The project emphasizes active learning, integrates cost accounting with macroeconomics and statistics by "learning by doing" using real world data. Students analyze sales data for a publicly listed company by focusing on the company's…

An information system for sustainable materials management with material flow accounting and waste input–output analysis

Directory of Open Access Journals (Sweden)

Pi-Cheng Chen

2017-05-01

Full Text Available Sustainable materials management focuses on the dynamics of materials in economic and environmental activities to optimize material use efficiency and reduce environmental impact. A preliminary web-based information system is thus developed to analyze the issues of resource consumption and waste generation, enabling countries to manage resources and wastes from a life cycle perspective. This pioneering system features a four-layer framework that integrates information on physical flows and economic activities with material flow accounting and waste input–output table analysis. Within this framework, several applications were developed for different waste and resource management stakeholders. The hierarchical and interactive dashboards allow convenient overview of economy-wide material accounts, waste streams, and secondary resource circulation. Furthermore, the system can trace material flows through associated production supply chain and consumption activities. Integrated with economic models; this system can predict the possible overloading on the current waste management facility capacities and provide decision support for designing strategies to approach resource sustainability. The limitations of current system are specified for directing further enhancement of functionalities.

Integration of hydrothermal carbonization and a CHP plant: Part 2 –operational and economic analysis

International Nuclear Information System (INIS)

Saari, Jussi; Sermyagina, Ekaterina; Kaikko, Juha; Vakkilainen, Esa; Sergeev, Vitaly

2016-01-01

Wood-fired combined heat and power (CHP) plants are a proven technology for producing domestic, carbon-neutral heat and power in Nordic countries. One drawback of CHP plants is the low capacity factors due to varying heat loads. In the current economic environment, uncertainty over energy prices creates also uncertainty over investment profitability. Hydrothermal carbonization (HTC) is a promising thermochemical conversion technology for producing an improved, more versatile wood-based fuel. Integrating HTC with a CHP plant allows simplifying the HTC process and extending the CHP plant operating time. An integrated polygeneration plant producing three energy products is also less sensitive to price changes in any one product. This study compares three integration cases chosen from the previous paper, and the case of separate stand-alone plants. The best economic performance is obtained using pressurized hot water from the CHP plant boiler drum as HTC process water. This has the poorest efficiency, but allows the greatest cost reduction in the HTC process and longest CHP plant operating time. The result demonstrates the suitability of CHP plants for integration with a HTC process, and the importance of economic and operational analysis considering annual load variations in sufficient detail. - Highlights: • Integration of wood hydrothermal carbonization with a small CHP plant studied. • Operation and economics of three concepts and stand-alone plants are compared. • Sensitivity analysis is performed. • Results show technical and thermodynamic analysis inadequate and misleading alone. • Minimizing HTC investment, extending CHP operating time important for profitability.

Environmental pressures from European consumption and production. A study in integrated environmental and economic analysis

Energy Technology Data Exchange (ETDEWEB)

Watson, D. [Copenhagen Resource Institute, Copenhagen (Denmark); Fernandez, J.A.; Wittmer, D. [Wuppertal Institute, Wuppertal (Germany); Gravgaerd Pedersen, O. [Statistics Denmark, Copenhagen (Denmark); European Topic Centre on Sustainable Consumption and Production, Copenhagen (Denmark)

2013-03-15

Environmental pressures from European consumption and production shows how economic and environmental data can be integrated to analyse environmental performance and material efficiency of whole economies as well as their individual elements. The analyses presented in the report provide policy makers with a tool to target economic incentives and information campaigns, encouraging a shift to more sustainable production and consumption patterns in order to reduce Europe's global footprint. The report discusses two analytical approaches. The production-based method considers direct environmental pressures caused by European industries and service providers - for example, the extraction of material resources by the mining and quarrying sector, air pollutants from power stations, greenhouse gas emissions from agriculture and so on. The consumption-based method focuses on the indirect environmental pressures caused by European consumers. In this approach, the direct production-related pressures are attributed to broad groups of products and services, also taking into account pressures that are embodied in goods imported into the EU. Using Environmentally Extended Input Output Analysis (EE-IOA) it is possible to estimate the environmental pressures ultimately generated by individual product groups and also by European consumption as a whole. Four types of environmental pressures are considered by the report: raw material use, greenhouse gas emissions, acidifying air emissions, and air pollutants leading to harmful ground-level ozone. However, the method has the potential to assess many other types of environmental pressure including land use, water use, waste generation and energy use. Thanks to the conceptual consistency between the system of national economic accounts and environmental accounts, data on environmental pressures is directly comparable to economic expenditure. Policy makers can thus see which sectors have been most successful in decoupling

European Integration between Equity, Efficiency and Welfare

Directory of Open Access Journals (Sweden)

Gabriela Marchis

2012-05-01

Full Text Available Throughout this article I tried to highlight the path for improving the Europeans standards ofliving. Poverty, inequality and efficiency are the key concepts of the welfare economic. Similar to many otherarticles about equity, efficiency and welfare, this article offers an account of the challenges facing theEuropean Union welfare in a context of global economy assessing the ability of different components of thewelfare governance to respond to these challenges. The welfare of European Union is analyzed under themultidimensional aspects of integration, such as: internal versus external integration and multilevelintegration. Aging, changes in the labor market, increased mobility are particular aspects that characterize EUand under the fundamental reform of Europe 2020 Strategy, welfare economic becomes a priority even if thepolitical integration comes first to the economic one. As Europe grows more diverse, the welfare economictranslates from desire to necessity.

Motivating Factors for Sustainable Accountant Potentials in Malaysia

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Syed Ibrahim Sharifah Norhafiza

2017-01-01

Full Text Available Economic Transformation Plan (ETP emphasizes that the country has a pool of resources to steer towards Malaysia’s aspirations to become a developed and high-income nation. The ETP Roadmap highlights accountancy, an integral function in all businesses as part of the significant ETP driver. However, Malaysia still lacks the required number of qualified accountants by the year 2020. This challenges higher learning institutions to produce suitable accounting graduates. Despite taking an accounting subject in schools, not all these students later opt to enrol accounting in higher learning institutions as many factors influence their career choices. This study aims to explore these motivating factors. A quantitative approach was applied whereby primary data were collected through a questionnaire survey. Respondents were students from seven elite schools in Melaka. The study found eight motivating factors; family members in the accounting profession, public accountant as a career choice, students’ interest in receiving relevant information, choosing private accountants as a career, parents, school counsellor and career talk. However, only four of these factors were significant to students’ decisions to pursue professional accounting courses. In addition, parents’ influence plays a greater role in motivating students to opt for professional accounting courses as compared to an accounting degree.

Trends And Economic Assessment Of Integration Processes At The Metal Market

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Olga Aleksandrovna Romanova

2015-03-01

Full Text Available The article discussed the integration process from the perspective of three dimensions that characterize the corresponding increase in the number and appearance of new relationships; strength, character, and stability of emerging communications; dynamics and the appropriate form of the process. In the article, trends of development of integration processes in metallurgy are identified, identification of five stages of development in Russian metal trading are justified. We propose a step by step way to implement the integration process, developed a methodical approach to assessing the feasibility of economic integration processes steel producers and steel traders, including three consecutive stages of its implementing respectively, the principles of reflexive control, entropy approach, the traditional assessment of mergers and acquisitions. The algorithm for the practical realization of the author’s approach, which allows to identify the optimal trajectory of the integration process as a series of horizontal and vertical integration steps is developed.

FISCAL EFFECTIVENESS UNDER REGIONAL ECONOMIC INTEGRATION: INDONESIAN AGRICULTURAL PERFORMANCE CASE

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Nasrudin Nasrudin

2013-04-01

Full Text Available AbstractThis paper investigates the effectiveness of fiscal policy in boosting agricultural sector performance and seeks the most effective policy in the presence of regional economic integration. It predicts the effectiveness of fiscal policy on the agricultural sector performance in four periods; the new order regime, the economic crisis, and pre and post China Free Trade Area (CAFTA. It also predicts the impact of fiscal policy on agricultural sector performance when CAFTA is fully implemented. It finds that fiscal policy is more effective in the optimum allocation of expenditures. It also finds that the agricultural sector can grow faster when the portion of capital expenditure increases.Keywords: Fiscal effectiveness, economic integration, agricultureJEL Classification Numbers: E62, F15, Q17AbstrakMakalah ini menyelidiki efektivitas kebijakan fiskal dalam mendorong kinerja sektor pertanian dan mencari kebijakan yang paling efektif dengan adanya integrasi ekonomi regional. Makalah ini memprediksi efektivitas kebijakan fiskal dalam meningkatkan kinerja sektor pertanian dalam empat periode; rezim orde baru, krisis ekonomi, sebelum pelaksanaan China Free Trade Area (CAFTA, dan setelah pelaksanaan CAFTA. Makalah ini juga memprediksi dampak kebijakan fiskal terhadap kinerja sektor pertanian saat CAFTA sepenuhnya dilaksanakan. Hasil analisis menemukan bahwa kebijakan fiskal lebih efektif dalam alokasi optimal dari pengeluaran. Analisis juga menemukan bahwa sektor pertanian dapat tumbuh lebih cepat ketika porsi peningkatan belanja modal meningkat.Keywords: Efektivitas fiskal, integrasi ekonomi, pertanianJEL Classification Numbers: E62, F15, Q17

Natural Resources Accounting and Sustainable Development: The ...

African Journals Online (AJOL)

Natural Resources Accounting and Sustainable Development: The Challenge to Economics and Accounting Profession. ... African Research Review ... The approach used in achieving this objective is by identifying the present position, limitations and the challenges for the economics and accounting professions.

Integrating economic parameters into genetic selection for Large White pigs.

Science.gov (United States)

Dube, Bekezela; Mulugeta, Sendros D; Dzama, Kennedy

2013-08-01

The objective of the study was to integrate economic parameters into genetic selection for sow productivity, growth performance and carcass characteristics in South African Large White pigs. Simulation models for sow productivity and terminal production systems were performed based on a hypothetical 100-sow herd, to derive economic values for the economically relevant traits. The traits included in the study were number born alive (NBA), 21-day litter size (D21LS), 21-day litter weight (D21LWT), average daily gain (ADG), feed conversion ratio (FCR), age at slaughter (AGES), dressing percentage (DRESS), lean content (LEAN) and backfat thickness (BFAT). Growth of a pig was described by the Gompertz growth function, while feed intake was derived from the nutrient requirements of pigs at the respective ages. Partial budgeting and partial differentiation of the profit function were used to derive economic values, which were defined as the change in profit per unit genetic change in a given trait. The respective economic values (ZAR) were: 61.26, 38.02, 210.15, 33.34, -21.81, -68.18, 5.78, 4.69 and -1.48. These economic values indicated the direction and emphases of selection, and were sensitive to changes in feed prices and marketing prices for carcasses and maiden gilts. Economic values for NBA, D21LS, DRESS and LEAN decreased with increasing feed prices, suggesting a point where genetic improvement would be a loss, if feed prices continued to increase. The economic values for DRESS and LEAN increased as the marketing prices for carcasses increased, while the economic value for BFAT was not sensitive to changes in all prices. Reductions in economic values can be counterbalanced by simultaneous increases in marketing prices of carcasses and maiden gilts. Economic values facilitate genetic improvement by translating it to proportionate profitability. Breeders should, however, continually recalculate economic values to place the most appropriate emphases on the respective

System of Health Accounts and Health Satellite Accounts : Application in Low- and Middle-Income Countries

NARCIS (Netherlands)

Nakhimovsky, S.; Hernandez-Peña, P.; van Mosseveld, C.; Palacios, A.

2014-01-01

Health accounting data that show economic and financial resource flows within a health system are critical to informing health and economic policy – at both national and international levels. However, countries vary widely in their health accounting histories as well as the demand for and capacity

Company Tax Integration in the European Union During Economic Crisis – Why and How?

NARCIS (Netherlands)

A. Sting (Anna)

2014-01-01

markdownabstract__Abstract__ Company tax integration in the EU is yet to be realised. This article first outlines the main benefits of company tax integration for the Economic and Monetary Union, and also discusses the main legal obstacles the EU Treaties pose for harmonisation of company tax.

ACCRUAL ACCOUNTING BETWEEN DYNAMISM AND PRUDENCE

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Mihaela TULVINSCHI

2016-08-01

Full Text Available Economic environment and the behavior of the economic entity is in continuous transformation. A determined value today may be outdated tomorrow. Consequently, maintaining a balance in the activity of the economic entity requires corrective actions. The purpose of this article is to highlight the connection between the accrual accounting, the dynamic accounting theory and the accounting prudence. Establishing the optimal timing for recognition of expenses, revenues and outcome, dynamic accounting theory gives managers quality information in order to make the best decisions. Adopting a prudent behavior is necessary in a reasonable measure in order to avoid serious repercussions caused by an exaggerated optimism.

Review of general tritium accountancy techniques

International Nuclear Information System (INIS)

Vassallo, G.; Engelmann, U.

1995-01-01

The accountancy of material in any facility forms an integral part of good housekeeping practices. However, for materials such as tritium, a combination of safety, security and economic reasons often demands that a comprehensive material control program be implemented. Within a tritium facility, the isotope is usually stored at a central magazine from where it can be distributed to and collected from process plant and experiments and received from external suppliers. This paper outlines the routine magazine measurement techniques employed for quantitatively assaying tritium for such control purposes and reviews the advantages and drawbacks of various methods. 10 refs., 2 figs., 2 tabs

Accounting, accountability and ethics in public sector organizations: towards a duality between instrumental accountability and relational response-ability

NARCIS (Netherlands)

Vosselman, E.G.J.

2016-01-01

This article challenges the performativity of organizational economics in the construction of “nexus-of-contract” organizations (or market bureaucracies) and inherent frames of instrumental accountability in the public sector. It argues for a duality between instrumental accountability and

Accounting, accountability and ethics in public sector organizations: towards a duality between instrumental accountability and relational response-ability.

NARCIS (Netherlands)

Vosselman, E.G.J.

2016-01-01

This article challenges the performativity of organizational economics in the construction of “nexus-of-contract” organizations (or market bureaucracies) and inherent frames of instrumental accountability in the public sector. It argues for a duality between instrumental accountability and

The importance of accounting principles in the accounting profession

OpenAIRE

Daniela Raluca Patrascu

2014-01-01

A true professional accountant must meet the following basic requirements: integrity, objectivity, professional competence, confidentiality, professional behavior, respect to technical and professional standards. Integrity expresses conceptually the professional accountant’s obligation to behave with honesty and fairness in professional and business relationships. Any company is seeking an accountant as, sincere and honest, which means the operation of fair dealing and fair protection aginst ...

Management of Innovative Projects for Ensuring the Economic Safety in the Conditions of Integration of Economies into the World Economy

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T. K. Usmanova

2017-01-01

Full Text Available Purpose: the aim of the article is to reveal problems and prospects, formulate economic security within the framework of innovation projects management, plan technologies in the context of integrating economies into the world economy, identify opportunities for forming, organizing, financing, managing priority economic directions. The subject is the management of innovative projects to ensure the economic security of Russian regions. The relevance of the chosen topic is due to the study of the features of the current state and the problems of the formation of economic security, the development of innovative design solutions in the context of integrating economies into the world economy. Ensuring the economic security of the regions of Russia directly depends on the introduction of innovative technologies and project management in the sectors of the national economy of Russia. Methods: the methodology of the solution of objectives is based on usage of a method of dialectic research, methods of the economic analysis, forecasting, the situational and systemic analysis, expert evaluations and the analysis of empirical data. Hypothesis. Ensuring an economic safety requires formation of innovative solutions, change of the current legislation within the Strategy of social and economic development in the conditions of integration of economies into the world economy. Results: the practical significance of the work is to identify the interrelationship between the development processes of innovative projects that ensure the economic security of the regions of Russia within the framework of regulating the current legislation, forecasting effective economic activity within the framework of the New Industrialization Strategy, selecting optimal project planning models to ensure the country's economic security and competitiveness in the conditions of integration Economies into the world economy. Conclusions and Relevance: in the conditions of integration of

Recording environmental assets in the national accounts

OpenAIRE

Carl Obst; Michael Vardon

2014-01-01

Accounting information is a core element of economic decision-making at both national and corporate levels. It is widely accepted that much economic activity is dependent upon natural capital and natural resources—generically termed environmental assets in an accounting context. Environmental assets are under threat of depletion and degradation from economic activity. Consequently, the incorporation of information on environmental assets into standard accounting frameworks is an essential ele...

Social accounting in Albania

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Gentiana Filipi

2014-03-01

Full Text Available Social accounting is the process of communicating the social and environmental effects of organizations economic actions to particular interest groups within society and to society at large. This research paper is focused on the concepts of social and environmental accounting, viewed as an important part of the Albanian policy preparation for European Union integration. Presently, however, the EU notion of corporate engagement and Social accounting is still a new concept in the region. The paper aims to reveal the Albanian reality, as a country with strong aspiration toward EU. For this purpose we have analysed the main initiatives and projects implemented in the region and in Albania aimed at developing corporate social responsibility (CSR. This paper examines the applicable and relevant paragraphs of the global financial reporting standards (IFRS. The relevant paragraphs for environmental accounting have been analyzed in relation to the environmental financial reporting. We believe that this research may serve as a starting point for further studies on this topic. This paper concludes that social and environmental reporting practices are increasing day by day in the region. In Albania the awareness of CSR and how it can be applied is still quite low, perceived mainly as an opportunity to adopt international standards and engage in environmental protection. Hence we believe that improvements in quality of environmental financial reporting are required.

Economic and Financial Interactions between Brazil and Mexico: ¿Which Degree of Integration?

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Ma. Esther Morales

2012-01-01

Full Text Available This paper analyzes trade and financial transactions between Brazil and Mexico in order to evaluate the magnitude of their reciprocal integration. Our results suggest that both countries have successfully got inserted into the international economy, which can be observed in their high volumes of trade, in their receiving foreign direct investment and in the size of their capital markets, as well as in the magnitude of their association with the most important countries and financial centers throughout the world. However, even if their bi-na-tional trade and financial integration has notably increased, especially after the Economic Complementation Agreements came into force in 2003 and due to the "translatinization" of Brazilian and Mexican firms, the magnitude of their reciprocal trade and financial transactions remains at very low relative levels, a situation that may significantly change in the framework of a possible strategic agreement of economic integration between these two countries.

Basic Financial Accounting

DEFF Research Database (Denmark)

Wiborg, Karsten

This textbook on Basic Financial Accounting is targeted students in the economics studies at universities and business colleges having an introductory subject in the external dimension of the company's economic reporting, including bookkeeping, etc. The book includes the following subjects...

The Economics of Medicare Accountable Care Organizations

Science.gov (United States)

Blackstone, Erwin A.; Fuhr, Joseph P.

2016-01-01

Background Accountable care organizations (ACOs) have been created to improve patient care, enhance population health, and reduce costs. Medicare in particular has focused on ACOs as a primary device to improve quality and reduce costs. Objective To examine whether the current Medicare ACOs are likely to be successful. Discussion Patients receiving care in ACOs have little incentive to use low-cost quality providers. Furthermore, the start-up costs of ACOs for providers are high, contributing to the minimal financial success of ACOs. We review issues such as reducing readmissions, palliative care, and the difficulty in coordinating care, which are major cost drivers. There are mixed incentives facing hospital-controlled ACOs, whereas physician-controlled ACOs could play hospitals against each other to obtain high quality and cost reductions. This discussion also considers whether the current structure of ACOs is likely to be successful. Conclusion The question remains whether Medicare ACOs can achieve the Triple Aim of “improving the experience of care, improving the health of populations, and reducing per capita costs of health care.” Care coordination in ACOs and information technology are proving more complicated and expensive to implement than anticipated. Even if ACOs can decrease healthcare costs and increase quality, it is unclear if the current incentives system can achieve these objectives. A better public policy may be to implement a system that encompasses the best practices of successful private integrated systems rather than promoting ACOs. PMID:27066191

Assimilation of tourism satellite accounts and applied general equilibrium models to inform tourism policy analysis

OpenAIRE

Rossouw, Riaan; Saayman, Melville

2011-01-01

Historically, tourism policy analysis in South Africa has posed challenges to accurate measurement. The primary reason for this is that tourism is not designated as an 'industry' in standard economic accounts. This paper therefore demonstrates the relevance and need for applied general equilibrium (AGE) models to be completed and extended through an integration with tourism satellite accounts (TSAs) as a tool for policy makers (especially tourism policy makers) in South Africa. The paper sets...

Proposal methodology for Land Carbon Accounting across Europe

Science.gov (United States)

Simon, A.; Ivanov, E.; Anaya-Romero, M.; Weber, J.-L.

2012-04-01

The need to account natural resources as capital, in the same way as we account economic and financial resources, is getting an important awareness-raising channel for governments, producers, and consumers in order to manage the environment capital. Besides that, the forthcoming Part II of the revised System of Integrated Environmental and Economic Accounting will enclose a framework for experimental ecosystem accounts. This conceptual framework is an initiative led by the European Environment Agency and the World Bank WAVES global partnership for which robust data and indicators are needed. In this context, the aim of this work is to demonstrate a preliminary methodology for land carbon account across Europe. The study area covers EU+38. The territorial unit used was the Socio-Ecological Landscape Units based on the Land Cover Functional Units and other geographical dimensions such as relief, belonging to a river basin, or proximity to the sea. Finally, the grid size used for accounting was 1km x 1km. The characteristic indicator considered for ecosystem capital carbon accounts is the carbon content which is derived from the Net Primary Production (NPP) and its removal by agriculture, forestry. Accordingly, the output data obtained were the stocks of carbon recorded in tons of carbon. The current approach is based on the combination of CORINE Land cover, traditional remote sensing (RS) indicators like NDVI - Normalised Difference Vegetation Index and the modern advances on RS techniques where new indicators like GPP (Gross Primary Productivity) and NPP. Other additional attributes were temperature, precipitation and vegetation type or Land cover. Different national and European data sources were used for the analysis as well as downscales procedures. In the present work soil carbon content were assumed to be a fixed fraction. Nevertheless further research will also take into account soil carbon data considering scenarios of land use change.

Integration of water footprint accounting and costs for optimal pulp supply mix in paper industry

DEFF Research Database (Denmark)

Manzardo, Alessandro; Ren, Jingzheng; Piantella, Antonio

2014-01-01

studies have focused on these aspects, but there have been no previous reports on the integrated application of raw material water footprint accounting and costs in the definition of the optimal supply mix of chemical pulps from different countries. The current models that have been applied specifically...... that minimizes the water footprint accounting results and costs of chemical pulp, thereby facilitating the assessment of the water footprint by accounting for different chemical pulps purchased from various suppliers, with a focus on the efficiency of the production process. Water footprint accounting...... was adapted to better represent the efficiency of pulp and paper production. A multi-objective model for supply mix optimization was also developed using multi-criteria decision analysis (MCDA). Water footprint accounting confirmed the importance of the production efficiency of chemical pulp, which affected...

Integrated production of sugarcane ethanol and soybean biodiesel: Environmental and economic implications of fossil diesel displacement

International Nuclear Information System (INIS)

Souza, Simone P.; Seabra, Joaquim E.A.

2014-01-01

Highlights: • Sugarcane sector is responsible for around 4% of the diesel consumption in Brazil. • Soybean biodiesel can reduce the fossil diesel demand in the sugarcane sector. • The local use of biodiesel could reduce logistic problems and environmental burdens. • The sugarcane–soybean integration is likely to improve ethanol life cycle performance. • Fiscal incentives could reduce the economic uncertainties of the integration. - Abstract: The sugarcane industry in Brazil has been considered promising for the production of advanced fuels and bio-based products. However, the sugarcane crop requires high volumes of fossil fuel for cultivation and transport. The use of biodiesel as a diesel substitute could reduce the environmental burdens associated with this high consumption. This work performed a stochastic evaluation of the environmental and economic implications of the integrated production of sugarcane bioethanol and soybean biodiesel, in comparison with the traditional sugarcane-to-ethanol process. The analysis was focused on the states of Goiás, Mato Grosso and São Paulo, where this integration would be particularly attractive. The environmental aspects addressed were the fossil energy use and the GHG emissions in a cradle-to-gate approach. The economic analysis comprised the evaluation of the net present value of an incremental cash flow generated by the soybean production and by the adjacent plants of oil extraction and biodiesel. Results indicate that the integrated system is likely to improve the ethanol environmental performance, especially with regard to the fossil energy use. The integration is economically feasible but highly uncertain; however, it could be significantly improved through fiscal incentives to biodiesel producers, founded on the reduction of fossil energy use and on improvements in logistics. In addition, the proposed model may also assist in the design of other integrated systems applied to the sugarcane sector in Brazil

Integration of financial and management accounting systems : the mediating influence of a consistent financial language on controllership effectiveness

OpenAIRE

Weißenberger, Barbara E.; Angelkort, Hendrik

2009-01-01

To provide accounting information for management control purposes, two fundamental options exist: (a) The financial records can be used as a database for management accounting (integrated accounting system design), or (b) the management accounting system used by controllers can be based upon a so-called third set of books besides the financial and tax accounting records. Whereas the latter approach had been typical for firms in German-speaking countries until the 1980s, since then an increasi...

Accounting for the environment.

Science.gov (United States)

Lutz, E; Munasinghe, M

1991-03-01

Environmental awareness in the 1980s has led to efforts to improve the current UN System of National Accounts (SNA) for better measurement of the value of environmental resources when estimating income. National governments, the UN, the International Monetary Fund, and the World Bank are interested in solving this issue. The World Bank relies heavily on national aggregates in income accounts compiled by means of the SNA that was published in 1968 and stressed gross domestic product (GDP). GDP measures mainly market activity, but it takes does not consider the consumption of natural capital, and indirectly inhibits sustained development. The deficiencies of the current method of accounting are inconsistent treatment of manmade and natural capital, the omission of natural resources and their depletion from balance sheets, and pollution cleanup costs from national income. In the calculation of GDP pollution is overlooked, and beneficial environmental inputs are valued at zero. The calculation of environmentally adjusted net domestic product (EDP) and environmentally adjusted net income (ENI) would lower income and growth rate, as the World Resources Institute found with respect to Indonesia for 1971-84. When depreciation for oil, timber, and top soil was included the net domestic product (NDP) was only 4% compared with a 7.1% GDP. The World Bank has advocated environmental accounting since 1983 in SNA revisions. The 1989 revised Blue Book of the SNA takes environment concerns into account. Relevant research is under way in Mexico and Papua New Guinea using the UN Statistical Office framework as a system for environmentally adjusted economic accounts that computes EDP and ENI and integrates environmental data with national accounts while preserving SNA concepts.

Аccounting and analytical support of social capital in modern economic conditions

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О.O. Osadcha

2016-03-01

Full Text Available Social capital plays an important role in the profit formation of business entity in the context of the implementation of integrated reporting. The purpose of the research is to examine the problematic aspects of accounting and analytical support of social capital in the context of sustainable development which involves the study of «social capital» and «social networks» concepts, the definition of the functions of social capital in the structure of company’s capital, the disclosure of social capital assessment peculiarities. To achieve the goal of article the author uses the methods of induction, deduction, analogy, comparison, the systematic approach to the assessment of economic phenomena, the historical method, the data grouping method, and the process approach. The accounting tasks in the context of sustainable socio-economic and environmental development are identified. The essence of «social capital» concept, its importance in the formation of an integrated enterprise reporting, and its elements are characterized. The problematic issues of social capital assessment are analyzed and the possible solutions are discussed. The necessity of introduction of new facilities and new accounting approaches to the organization of accounting are proved.

Integrating environmental and economic performance to assess modern silvoarable agroforestry in Europe

NARCIS (Netherlands)

Palma, J.; Graves, A.R.; Burgess, P.J.; Werf, van der W.; Herzog, F.

2007-01-01

The environmental and economic performance of silvoarable agroforestry in Europe is highly variable. Multi-criteria analysis, using the PROMETHEE outranking approach, was used to evaluate the integrated performance of silvoarable agroforestry on hypothetical farms in nineteen landscape test sites in

Economic aspects for South America energy integration; Aspectos economicos para a integracao energetica da America do Sul

Energy Technology Data Exchange (ETDEWEB)

Vela, Jorge Alberto Alcala; Cardozo, Fernando Simoes [ELETROBRAS, Rio de Janeiro, RJ (Brazil)

2008-07-01

Expansion of the internal market and external, production on a large scale and more dynamic economic growth would be the consequences of a regional integration in South America. However, due to the specific characteristics of South America this process did not occur. Many attempts were made through the years with the creation of institutions that tried to promote the integration of different forms of South America. This article analyses the current economic conditions in which this initiative is to achieve an energy integration, which seems feasible given the provision expresses the presidents of South American countries before a possible rationing of energy. Through analysis of the results it may be concluded that there is a growing demand for energy in all countries, which should be resolved first in order not to cut the development of South America. The main economic aspects which affect the process of integrating energy are the commercial structures of energy, the energy complementarities, the degree of development of infrastructure for interconnection, the industrial structure and conformation electric business. However, an immediate solution would be to boost bilateral integration energy projects and construction of transmission lines that interconnect the regional stations for the supply of electric energy. Moreover, as the conditions are not improved political and economic and there is no compatible models between technical institutions and legal and administrative, will not be achieved significant progress in the process of regional energy integration of South America. (author)

Integration of Nutrition and Economic Development in Sri Lanka: The Graduation Model

International Nuclear Information System (INIS)

Peiris, Dilka; Fernando, Sisira

2014-01-01

Full text: WV Lanka’s Graduation Model integrates economic development and nutrition-specific interventions in order to sustainably reduce childhood growth failure. The Graduation Model identifies families where they are on the economic and nutrition scale to tailor interventions enabling graduation from one living standard segment to the next, as well as enabling improved nutrition. Families with malnourished children are identified and supported with appropriate nutrition interventions, in addition to the tailored economic interventions, which first focus on nutrition rehabilitation through positive deviant Hearth approach and then increasing diet diversity through food security and livelihoods. WV Lanka is implementing an integrated approach to address malnutrition. The components of the Graduation Model focused on families: 1. Participatory Living Standard Ranking (PLSR) to identify the living standards of the families. PLSR leads to a segmentation of all households in to six segments depending on the living standards. They are:, Destitute (DT), Poorest of the poor (PoP), Poor (P), Vulnerable none poor (VNP), Suitable livelihood & Micro Entrepreneur (SL & ME) and Small and Medium Entrepreneur & above (SME & Above). 2. Nutrition assessment/growth monitoring to identify nutritional status of children and their families. 3. Family Development Plan prepared for all households and all members of the family – incorporating the Sustainable Livelihood. 4. The Positive Deviance/Hearth approach is used to identify existing practices which promote good nutrition and these practices later on were shared to caregivers of malnourished children through experiential learning. The Positive Deviance/Hearth sessions are used to promote the caring, feeding, hygienic and health seeking practices among caregivers. Low income families with malnourished children are supported to establish home gardens. Interventions include a combination of home gardens, business training, pre

Oral Health Care Delivery Within the Accountable Care Organization.

Science.gov (United States)

Blue, Christine; Riggs, Sheila

2016-06-01

The accountable care organization (ACO) provides an opportunity to strategically design a comprehensive health system in which oral health works within primary care. A dental hygienist/therapist within the ACO represents value-based health care in action. Inspired by health care reform efforts in Minnesota, a vision of an accountable care organization that integrates oral health into primary health care was developed. Dental hygienists and dental therapists can help accelerate the integration of oral health into primary care, particularly in light of the compelling evidence confirming the cost-effectiveness of care delivered by an allied workforce. A dental insurance Chief Operating Officer and a dental hygiene educator used their unique perspectives and experience to describe the potential of an interdisciplinary team-based approach to individual and population health, including oral health, via an accountable care community. The principles of the patient-centered medical home and the vision for accountable care communities present a paradigm shift from a curative system of care to a prevention-based system that encompasses the behavioral, social, nutritional, economic, and environmental factors that impact health and well-being. Oral health measures embedded in the spectrum of general health care have the potential to ensure a truly comprehensive healthcare system. Published by Elsevier Inc.

CIM-EARTH: Community integrated model of economic and resource trajectories for humankind.

Energy Technology Data Exchange (ETDEWEB)

Elliott, J.; Foster, I.; Judd, K.; Moyer, E.; Munson, T.; Univ. of Chicago; Hoover Inst.

2010-01-01

Climate change is a global problem with local climatic and economic impacts. Mitigation policies can be applied on large geographic scales, such as a carbon cap-and-trade program for the entire U.S., on medium geographic scales, such as the NOx program for the northeastern U.S., or on smaller scales, such as statewide renewable portfolio standards and local gasoline taxes. To enable study of the environmental benefits, transition costs, capitalization effects, and other consequences of mitigation policies, we are developing dynamic general equilibrium models capable of incorporating important climate impacts. This report describes the economic framework we have developed and the current Community Integrated Model of Economic and Resource Trajectories for Humankind (CIM-EARTH) instance.

Current-Account Imbalances and Economic Growth During the 2008-2009 Financial Crisis: an Empirical Analysis

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Rossitsa Rangelova

2014-06-01

Full Text Available This study examines the relationship between current-account imbalances and economic growth during the 2008-2009 financial and economic crisis for 179 countries (covered by IMF data and within the EU-27 countries (covered by Eurostat data. The countries are divided into 4 groups by GDP per capita based on PPPs, namely, low income, lower middle-income, upper middle-income and high-income countries. Empirical analysis is applied, including descriptive statistics and regression estimates. Statistical data are used, including the average of the GDP growth rate in the years prior to the crisis (2003–2007, the average of the GDP growth rate for 2008 and 2009, current account as a percentage of GDP, and the level of average inflation. It is proved that, in general, the 2008-2009 crisis affected high- and upper middle-income countries more than poorer countries. Within the EU-27 countries, however, the crisis appears to have affected lower income countries more than higher income countries. A common tendency is observed for the two country samples: countries that experienced strong growth just prior to the crisis had an increased risk of suffering after the crisis. The boom prior to the crisis led to imbalances that rendered economies more vulnerable. Additionally, surpluses that existed prior to the crisis are an important risk factor for the two groups of countries.

The Integration of Socio-Economic Indicators in the CASBEE-UD Evaluation System: A Case Study

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Francesco Cappai

2018-03-01

Full Text Available The use of tools to measure the degree of sustainability of cities is the approach that receives the most attention in developed countries. However, studies of evaluation tools at the neighborhood level reveal that there are many weaknesses in the most widely-used evaluation systems (LEED-ND, BREEAM Communities, CASBEE-UD. There are ambiguities and gaps in weighting and in scoring and in most cases, there is no mechanism for local adaptability and participation. The purpose of this study is to provide an overview of the current situation by highlighting the strengths and weaknesses of these evaluation tools in order to integrate social and economic aspects for the improvement of the CASBEE-UD (neighborhood level evaluation tool. The selection of socio-economic aspects was made through the use of a multi criteria Analysis Hierarchical Process (AHP and a Geographic Integration System (GIS. The results of this case study indicate that most evaluation tools need to be revised because most do not include socio-economic aspects. We have demonstrated that applying the CASBEE-UD assessment tool integrated with socio-economic aspects to four boroughs in the City of Montreal can measure success by addressing the objectives of sustainable development.

ECONOMIC AND ACCOUNTING INFORMATION AND STOCK MARKET EFFICIENCY

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Simona – Florina SĂLIȘTEANU

2014-05-01

Full Text Available The purpose of this paper is to explore and to analyse the relations between financial accounting information and stock market efficiency. As we know, accounting contributes to the efficiency of the stock market by producing primordial information for the investors. On the other side, an efficient market facilitates the role of accounting by providing a reliable estimate of the value of many assets that needs to be evaluated. This article examines the importance of the financial accounting information for the efficiency of stock market, and also analyses whether and how the structure, the characteristics and publication of the information, impacts the prices and transactions volumes.

THE CONSTRUCTIVE RELATIONSHIP BETWEEN ACCOUNTING AND PERFORMANCE IN THE CONTEXT OF CORPORATE GOVERNANCE AND ACCOUNTING NORMALIZATION

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Mihai SAVIN

2014-05-01

Full Text Available Since the emergence of the concept of corporate governance, there was a close connection between this concept and accounting, which is enforced by the fact that the latter must reflect, in a conventional manner, all the economic facts that affect the economic entity, meaning the facts related to the production, distribution and consumption of wealth, but also to the creation of value for shareholders and other stakeholders, in this sense being the most reliable, efficient and effective method of economic observation. The explanations provided by the economic science according to which an economic entity is considered an individual agent who seeks to maximize profits no longer constitute a support for explaining the continental, renan or Anglo-Saxon accounting model, and as such the scientific basis of accounting must be seeked in the scientific approach of the concept of corporate governance, which has as overall objective the study of the manner to lead, to steer, to structure, to develop, to control an entity (company, public institution etc., to create value for shareholders and other interest groups. Corporate governance and also the normalization of the accounting have managed for the first time to provide a complete and consistent representation of the economic entity, meaning they defined the essential tools to manage and control the economic activity, to measure its overall performance.

RISKS AND RESPONSIBILITIES BETWEEN BUYER AND SELLER IN INTERNATIONAL RELATIONS IN CONTEXT OF ECONOMIC INTEGRATION. WAYS OF SHARING IN THE MULTINATIONAL COMPANIES

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Sanda Gabriel

2012-03-01

Full Text Available Integrating formal intergovernmental cooperation can be determined in order to adapt to economic change and social legislation and the need to replace national laws become obstacle to informal integration with a common permissive and favored the free movement of flows informal and proactive when political aims redirection informal flows to other structures (patterns than those created by market forces. In the literature, rich in delimitation of the concept of integration, different economists have distinguished reputation in the field, according to a series of economic criteria, political, social, geographical, structural, etc., following degrees of economic integration trends corresponding to more intense or smaller equalization coordinate economic, social and political - the degree of integration over time of economic integration theories have become independent. Is in fact the international development strategy choice determine segments we address (target segment in an overview of the markets. This choice goes beyond the country, and the notion of the target segment should not be confused with the country markets.

Processes of Integration and Fragmentation of Economic Space: The Structure of Settlement Systems

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Alexander Pavlovich Goryunov

2017-12-01

Full Text Available This work presents a study of processes of integration and fragmentation caused by the polarization of economic space. Under integration in economic space the authors understand the formation of new and transformation of existing settlement systems, while fragmentation is the dissolution of settlement systems and their transformation into loosely connected settlement networks. The study focuses on the structure of settlement systems. Authors propose a new method for studying the structure of settlement systems, which combines the use of factor analysis, multidimensional scaling, and cluster analysis. The proposed method utilizes the maximum of available information about the social-economic status of settlements to reveal regularities in their spatial organization. The authors test the proposed method on 35 large cities of the Central and Volga federal districts of Russia, which comprise the spatial surroundings of Moscow. The authors find four groups of cities forming the core of the settlement system centered around Moscow, a group of four cities forming a buffer zone around that system, as well as four cities in the studied sample which do not participate in the settlement system

Accountable Care Organizations: Integrated Care Meets Market Power.

Science.gov (United States)

Scheffler, Richard M

2015-08-01

Will accountable care organizations (ACOs) deliver high-quality care at lower costs? Or will their potential market power lead to higher prices and lower quality? ACOs appear in various forms and structures with financial and clinical integration at their core; however, the tools to assess their quality and the incentive structures that will determine their success are still evolving. Both market forces and regulatory structures will determine how these outcomes emerge. This introduction reviews the evidence presented in this special issue to tackle this thorny trade-off. In general the evidence is promising, but the full potential of ACOs to improve the health care delivery system is still uncertain. This introductory review concludes that the current consensus is to let ACOs grow, anticipating that they will make a contribution to improve our poor-quality and high-cost delivery system. Copyright © 2015 by Duke University Press.

Developing Green GDP Accounting for Thai Agricultural Sector Using the Economic Input Output - Life Cycle Assessment to Assess Green Growth

OpenAIRE

Attavanich, Witsanu; Mungkung, Rattanawan; Mahathanaseth, Itthipong; Sanglestsawai, Santi; Jirajari, Athiwatr

2016-01-01

There is no indicator measuring Thailand’s green growth by valuing the resource degradation and environmental damage costs. This article aims to estimate Thailand’s green gross domestic (GDP) that takes into account environmental damage costs with the detailed analysis on the agricultural sector using the Economic Input Output - Life Cycle Assessment (EIO-LCA) approach. The representative product in each sector was selected based on the available life cycle inventory data, economic values and...

Modelling in Accounting. Theoretical and Practical Dimensions

Directory of Open Access Journals (Sweden)

Teresa Szot-Gabryś

2010-10-01

Full Text Available Accounting in the theoretical approach is a scientific discipline based on specific paradigms. In the practical aspect, accounting manifests itself through the introduction of a system for measurement of economic quantities which operates in a particular business entity. A characteristic of accounting is its flexibility and ability of adaptation to information needs of information recipients. One of the main currents in the development of accounting theory and practice is to cover by economic measurements areas which have not been hitherto covered by any accounting system (it applies, for example, to small businesses, agricultural farms, human capital, which requires the development of an appropriate theoretical and practical model. The article illustrates the issue of modelling in accounting based on the example of an accounting model developed for small businesses, i.e. economic entities which are not obliged by law to keep accounting records.

THE ECONOMIC SUBSTANCE OF ACCOUNTING FOR FINANCIAL INVESTMENT AND THE PROSPECT OF USING “BLOCKCHAIN” TO CONTROL INVESTMENT ACTIVITY IN UKRAINE

Directory of Open Access Journals (Sweden)

Alina Lytvynenko

2018-03-01

Full Text Available The subject matter of the research is the financial investment and the application of innovative technologies to improve accounting in the context of investment management as one of the most important components of economic development. The goal is to study the methodology of reflecting financial investments of domestic enterprises. The objectives are to improve accounting of financial investments in the enterprise, to research the development prospects of accounting by introducing innovative technologies through the disclosure of theoretical aspects of research and the estimation of practical aspects of the study, the possibility of using the technology of blockchain in Ukraine to improve the financial reporting taking into account the experience of international partners (foreign countries. The methods used are system analysis and structural analysis. The following results are obtained. The state of investment accounting was analyzed and the prospects of using blockchain technology for improving auditing efficiency, increasing the transparency of financial investments and for counteracting corruption were found. Conclusions. During the analysis of the cause and effect relations of using innovative technologies in accounting, the immaturity of the existing accounting methodology was shown; this immaturity specifies incompleteness, the decline in the adequacy of accounting data in accordance with the realities of investment processes and the development of the industry as a whole. The use of blockchain technology enables restructuring the processes of accounting and their automation and increases the level of transparency of information disclosure by enterprises. Using blockchain for auditing becomes a unique solution as auditing affects all industries and is the foundation that helps global financial markets gain investor confidence. Taking into account the economic problems of Ukraine, the use of blockchain technology will help solve the

A Study of the Impact of Underground Economy on Integral Tax Burden in the Proportional Growth Model under Uncertainty

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Akif Musayev

2018-01-01

Full Text Available Economic processes are naturally characterized by imprecise and uncertain relevant information. One of the main reasons is existence of an underground economy. However, in existing works, real-world imprecision and uncertainty of economic conditions are not taken into account. In this paper we consider a problem of calculation of a taxation base to assess tax burden for proportionally growing economy under uncertainty. In order to account for imprecision and uncertainty of economic processes, we use the theory of fuzzy sets. A fuzzy integral equation is used to identify an integral tax burden taking into account the contribution of the underground economy for a certain financial (tax year. It is also assumed that dynamics of gross domestic product are modeled by fuzzy linear differential equation. An optimal value of tax burden is determined as a solution to the considered fuzzy integral equation. An example is provided to illustrate validity of the proposed study.

Economic testing of large integrated switching circuits - a challenge to the test engineer

International Nuclear Information System (INIS)

Kreinberg, W.

1978-01-01

With reference to large integrated switching circuits, one can use an incoming standard programme test or the customer's switching circuits. The author describes the development of suitable, extensive and economical test programmes. (orig.) [de

FROM TRADITIONAL ACCOUNTING TO KNOWLEDGE BASED ACCOUNTING ORGANIZATIONS

Directory of Open Access Journals (Sweden)

NICOLETA RADNEANTU

2010-01-01

Full Text Available Nowadays, we may observe that the rules of traditional economy have changed. The new economy – the knowledge based economy determine also major change in organizations resources, structure, strategic objectives, departments, accounting, goods. In our research we want to underline how the accounting rules, regulations and paradigms have changed to cope with political, economic and social challenges, as well as to the emergence of knowledge based organization. We also try to find out where Romanian accounting is on the hard road of evolution from traditional to knowledge based.

The Information - Connexion Between Financial Accounting and Management Accounting

Directory of Open Access Journals (Sweden)

Florin Radu

2016-01-01

Full Text Available In the current context of the market economy development and evolution and development of companies’ activities it is remarked the proper development of economic and financial information. In this paper we shall present both the qualitative characteristics of the accounting information, from national and international perspective, and their classification according to Statement of Financial Accounting Standards No. 2. The need for information is covered by unpublished reports, statements, which include selective information from the financial statements. In the private sector, managers interested in the entity’s performance, turn to financial analysts, who on the basis of economic and financial indicators can give a diagnosis on the health of the entity.

Implementation of international financial reporting standards (IFRS) and their impact on economic growth

OpenAIRE

Gorgieva-Trajkovska, Olivera; Miteva-Kacarski, Emilija

2011-01-01

The confidence in the transparency and integrity of financial reporting is critically important to global financial stability and sound economic growth. The global financial crisis has led many economic and financial market participants to reexamine their governance, practices, and standards. Effective financial reporting depends on high quality accounting standards as well as the consistent and faithful application and rigorous independent audit and enforcement of those standards. ...

Designing medical technology for resilience: integrating health economics and human factors approaches.

Science.gov (United States)

Borsci, Simone; Uchegbu, Ijeoma; Buckle, Peter; Ni, Zhifang; Walne, Simon; Hanna, George B

2018-01-01

The slow adoption of innovation into healthcare calls into question the manner of evidence generation for medical technology. This paper identifies potential reasons for this including a lack of attention to human factors, poor evaluation of economic benefits, lack of understanding of the existing healthcare system and a failure to recognise the need to generate resilient products. Areas covered: Recognising a cross-disciplinary need to enhance evidence generation early in a technology's life cycle, the present paper proposes a new approach that integrates human factors and health economic evaluation as part of a wider systems approach to the design of technology. This approach (Human and Economic Resilience Design for Medical Technology or HERD MedTech) supports early stages of product development and is based on the recent experiences of the National Institute for Health Research London Diagnostic Evidence Co-operative in the UK. Expert commentary: HERD MedTech i) proposes a shift from design for usability to design for resilience, ii) aspires to reduce the need for service adaptation to technological constraints iii) ensures value of innovation at the time of product development, and iv) aims to stimulate discussion around the integration of pre- and post-market methods of assessment of medical technology.

Practical steps toward integrating economic, social and institutional elements in fisheries policy and management

DEFF Research Database (Denmark)

Stephenson, Robert L.; Benson, Ashleen J.; Brooks, Kate

2017-01-01

of explicit social, economic and institutional objectives; a general lack of process (frameworks, governance) for routine integration of all four pillars of sustainability; and a bias towards biological considerations. Practical integration requires a ‘systems’ approach with explicit consideration...... of strategic and operational aspects of management; multidisciplinary or transdisciplinary evaluations; practical objectives for the four pillars of sustainability; appropriate participation; and a governance system that is able to integrate these diverse considerations in management. We challenge all involved...... governance....

BUSINESS INTELLIGENCE APPLICATIONS – POSSIBLE INSTRUMENTS FOR ECONOMIC INTEGRATION WITHIN THE EASTERN PARTNERSHIP

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Dragos Ovidiu TOFAN

2016-10-01

Full Text Available Eastern Partnership includes, in addition to bilateral components (Association Agreements, Deep and Comprehensive Free Trade Areas/DCFTA, also a multilateral dimension as "economic integration and convergence with EU policies". This stated purpose of the partnership involves the need for adaptability to regional conditions and a differentiated approach to economies in the region in order to establish common objectives. Partner countries have aspirations that vary by geographic location, state of relations with the European Union and Russia, foreign policy objectives in medium and long term, real prospects of joining the European Union, or internal stability in economic and social aspects. Macroeconomic indicators specific to each country must undergo a dynamic analysis aimed on current situations and also on evolution of economic life. Thus, it requires processing a huge volume of historical data, creating possible scenarios based on policies implemented or being implemented to reach comprehensive information to provide a realistic picture of the economic growth at the macro level. Successfully implemented in enterprises, Business Intelligence (BI applications can be used to analyze large volume of data required to be processed to reach full and useful reports for the process of negotiation between the partners involved in the agreements referred and, very importantly, to establish a common language for all bodies and institutions co-opted into negotiations. Differences between the EU and other Eastern Partnership countries are obvious but economic common terms and methods or techniques of similar work can help plan positive developments in the negotiations and the desired convergence of economic policies. Business Intelligence tools simplify the presentation of needed information for discussions and provide a foundation in starting up joint analysis of economic dynamics in the area to reach complete and actual lines of future possible

How to account for irreversibility in integrated assessment of climate change?; Comment tenir compte de l'irreversibilite dans l'evaluation integree du changement climatique?

Energy Technology Data Exchange (ETDEWEB)

Ha Duong, M

1998-04-15

How to account for irreversibility in integrated assessment of climate change? This Ph. D. thesis in Economics balances discounting, technical progress and the inertia of existing capital stock against uncertainty and the inertia of socio-economic systems to examine the issue of near term limitations of greenhouse gases emissions. After a general overview in chapter 2, and a more historical presentation of the debates in chapter 3, chapter 4 proceeds to review a large number of integrated assessment models. Chapter 5 introduces a Model on the Dynamics of Inertia and Adaptability of energy systems: DIAM, used to discuss how much previous studies might have overestimated the long term costs of CO{sub 2} limitations and underestimated adjustment costs. It shows that, given a target date for atmospheric CO{sub 2} concentration stabilisation, a higher inertia implies a lower optimal concentration trajectory. In a sequential decision framework, chapter 6 shows that current uncertainties about which CO{sub 2} concentration ceiling would not present dangerous interference with the climate system justifies precautionary action. Finally, chapter 7 uses the irreversibility effect theory to define formally situations of decision under controversy and compare the irreversibility of CO{sub 2} accumulation with the irreversibility of investments needed to moderate it. An option value for greenhouse gases emissions limitations is computed. (author)

Economic Benefit from Progressive Integration of Scheduling and Control for Continuous Chemical Processes

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Logan D. R. Beal

2017-12-01

Full Text Available Performance of integrated production scheduling and advanced process control with disturbances is summarized and reviewed with four progressive stages of scheduling and control integration and responsiveness to disturbances: open-loop segregated scheduling and control, closed-loop segregated scheduling and control, open-loop scheduling with consideration of process dynamics, and closed-loop integrated scheduling and control responsive to process disturbances and market fluctuations. Progressive economic benefit from dynamic rescheduling and integrating scheduling and control is shown on a continuously stirred tank reactor (CSTR benchmark application in closed-loop simulations over 24 h. A fixed horizon integrated scheduling and control formulation for multi-product, continuous chemical processes is utilized, in which nonlinear model predictive control (NMPC and continuous-time scheduling are combined.

A Justified Initial Accounting Estimate as an Integral Part of the Enterprise Accounting Policy

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Marenych Tetyana H

2016-05-01

Full Text Available The aim of the article is justification of the need to specify in the order on accounting policies not only the elements of the accounting policy itself but also the initial accounting estimates, which will increase the reliability of financial reporting and the development of proposals on improvement of the given administrative documents of the enterprise. It is noted that in recent years the importance of a high-quality accounting policy has increased significantly not only for users of financial reports but also for achieving the purposes of determining the object of levying the profits tax. There revealed significant differences at reflecting in accounting the consequences of changes in the accounting policy and accounting estimate. There has been generalized the information in the order on the enterprise accounting policy with respect to accounting estimates. It is proposed to provide a separate section in the order, where there should be presented information about the list of accounting estimates taken, about how the company will make changes in the accounting policy, accounting estimate as well as correct errors

Integrated maintenance planning in manufacturing systems

CERN Document Server

Al-Turki, Umar M; Yilbas, Bekir Sami; Sahin, Ahmet Ziyaettin

2014-01-01

This book introduces the concept of integrated planning for maintenance and production taken into account quality and safety for high global socio-economic impact. It provides insight into the planning process at a global level starting from the business level and ending with the operational level where the plan is implemented and controlled.

The use of AQUATOOL DSS applied to the System of Environmental-Economic Accounting for Water (SEEAW)

Science.gov (United States)

Pedro-Monzonís, María; Jiménez-Fernández, Pedro; Solera, Abel; Jiménez-Gavilán, Pablo

2016-02-01

Currently, water accounts are one of the next steps to be implemented in European River Basin Management Plans. Building water accounts is a complex task, mainly due to the lack of common European definitions and procedures. For their development, when data is not systematically measured, simulation models and estimations are necessary. The main idea of this paper is to present a new approach which enables the combined use of hydrological models and water resources models developed with AQUATOOL Decision Support System (DSS) to fill in the physical water supply and use tables and the asset accounts presented in the System of Economic and Environmental Accounts for Water (SEEAW). The case study is the Vélez River Basin, located in the southern part of the Iberian Peninsula in Spain. In addition to obtaining the physical water supply and use tables and the asset accounts in this river basin, we present here the indicators as a result thereof. These indicators cover many critical aspects of water management, showing a general description of the river basin and allowing decision-makers to characterise the pressures on water resources. As a general conclusion, the union of AQUATOOL DSS and SEEAW will provide more complete information to decision-makers and it enables to introduce these methodological decisions in order to guarantee consistency and comparability of the results between different river basins.

Lean accounting – as a future accounting system

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M.V. Koryagin

2017-12-01

Full Text Available The historical development of lean accounting is researched. The comparison of lean accounting and accounting is carried out. The article determines the lean accounting basic principles, which are the basis for the selection of main ten steps of upgrading to the system of lean accounting: the evaluation of the current situation and the expected development prospects of the enterprise; the development of the principles of implementing lean accounting; the determining the production parameters and methodology of the economic model construction; the organization of lean manufacturing environment and reducing most of the stock; the determining the flow of value creation; the rejection of variable accounting and reverse cancellation of all labor costs and the cost of materials; the rejection of tracking stocks and assign of the costs directly to the costs of sales when occurred; the definition of client-targeted spending; the relationship with suppliers and automation of the accounts payable; the relationship with customers and automation of the payments received.

Thoughts on competency integration in accounting education

NARCIS (Netherlands)

Lawson, R.A.; Blocher, E.J.; Brewer, P.C.; Morris, J.T.; Stocks, K.D.; Sorensen, J.E.; Stout, D.E.; Wouters, M.J.F.

2015-01-01

The paper follows up on Lawson et al. (2014), which reported on the work of a joint task force sponsored by the Management Accounting Section (MAS) of the American Accounting Association (AAA) and the Institute of Management Accountants (IMA) charged with the responsibility of developing curricular

The Role of Accounting and Accounting Law in Establishing Public Economic Policies in the Post-crisis Period

OpenAIRE

Aurelian Virgil BĂLUŢĂ

2012-01-01

The following issues are being adressed in this paper: the relationship of accounting and accounting law with the local economy, the relationship of accounting and accounting law with macroeconomics, establishing public policies for certain categories of enterprises based on information provided by accounting and accounting law, the relationship of accounting and accounting law with macroeconomics foresight and forecast, the relationship of accounting and accounting law with the labor economy...

Modelling in Accounting. Theoretical and Practical Dimensions

OpenAIRE

Teresa Szot -Gabryś

2010-01-01

Accounting in the theoretical approach is a scientific discipline based on specific paradigms. In the practical aspect, accounting manifests itself through the introduction of a system for measurement of economic quantities which operates in a particular business entity. A characteristic of accounting is its flexibility and ability of adaptation to information needs of information recipients. One of the main currents in the development of accounting theory and practice is to cover by economic...

Techno-economic evaluation for the heat integration of vaporisation cold energy in natural gas processing

International Nuclear Information System (INIS)

Koku, Oludolapo; Perry, Simon; Kim, Jin-Kuk

2014-01-01

Highlights: • Development of thermal integration modelling framework for the utilisation of LNG cold energy. • Feasibility study for various design options for the integration of low-temperature cold energy. • Provision of a design approach for achieving efficient use of cold energy in LNG terminals. • Understanding of techno-economic impacts associated with the thermal integration of LNG cold energy. - Abstract: This paper addresses a conceptual study investigating the techno-economic feasibility for the thermal Integration of LNG cold vaporisation energy in power generation applications. In conventional regasification systems, this valuable LNG cold energy is often being wasted to ambient heat sources, representing a thermodynamic inefficient process with a significant thermal impact on the local environment. A combined facility consisting of a non-integrated Combined Cycle Power Plant (CCPP) and an LNG receiving terminal employing traditional Open Rack Vaporisers (ORV) technology, has been modelled, as a base case. Retrofit strategies for the integration of LNG cold energy have been investigated, and their impacts on power production and system efficiency are systematically compared. Retrofit design options considered in this work include the use of a propane Rankine cycle coupled with the direct expansion of natural gas, the integration of a closed-loop water cycle or open-loop water circuit with a steam Rankine cycle, and the facilitation of integrated air cooling for a gas turbine

ACCOUNTING INFORMATION SYSTEMS: AN APPROACH FOCUSED ON OBJECTS WITH INTELLIGENT AGENTS

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Marcelo Botelho da Costa Moraes

2010-01-01

Full Text Available Accounting aims at the treatment of information related to economic events within organizations. In order to do so, the double entry method is used (debt and credit accounting, which only considers monetary variations. With the development of information technologies, accounting information systems are born. In the 1980’s, the REA model (economic Resources, economic Events and economic Agents is created, which focuses on accounting information records, based on the association of economic resources, economic events and economic agents. The objective of this work is to demonstrate an object-oriented modeling with intelligent agents use, for information development and analysis focused on users. The proposed model is also analyzed according to accounting information quality, necessary for accounting information users, capable to comply with the needs of different user groups, with advantages in applications.

Putin's and Russian-led Eurasian Economic Union: A hybrid half-economics and half-political “Janus Bifrons”

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Bruno S. Sergi

2018-01-01

Full Text Available The Eurasian Economic Union is an institution formalized in January 2015 for the purpose of regional economic integration; it includes five countries: Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan, and may include Mongolia and Tajikistan in the future. With a GDP of $1.59 trillion in 2015, an industrial production of $1.3 trillion in 2014, and population of almost 200 million as of 2016, the EEAU could represent a geopolitical success that supports both Putin's ambitious political agenda and the Union's economic prospects. Although the efforts of this Union are ongoing and long-term success is not certain, the Russia-led Eurasian Economic Union can be considered a hybrid half-economics and half-political “Janus Bifrons” that serves as a powerful illustration of what Putin envisions for the post-Soviet space. Despite promising steps so far, more should be done toward the achievement of economic development and balanced opportunity for all Eurasian countries. Russia's longstanding role within the Union, as well as its power and political motivations, are all considerations that must be accounted for.

Integrating Computer Concepts into Principles of Accounting.

Science.gov (United States)

Beck, Henry J.; Parrish, Roy James, Jr.

A package of instructional materials for an undergraduate principles of accounting course at Danville Community College was developed based upon the following assumptions: (1) the principles of accounting student does not need to be able to write computer programs; (2) computerized accounting concepts should be presented in this course; (3)…

Development of an integrated system for nuclear material accountancy and control at JAERI

International Nuclear Information System (INIS)

Nishimura, Hideo; Nishizawa, Satoshi

1993-01-01

This paper describes the design concept and the current status of an integrated system for nuclear material accountancy and control, which is under development at JAERI. We, at JAERI, have decided to update the current system for material accountancy and control and to develop the integrated new system with a consolidated data base in order to augment transparency, credibility and promptness of the system, to materialize a prudent control of obligations required by bilateral nuclear cooperation agreements, and to give information for the physical protection, safely handling, property control and cost-effective use of nuclear material and for public relations. The system is composed of two work-stations operated by UNIX, one for implementation and the other for development, and many terminals located at the headquarters, administrative offices, and research facilities and laboratories. It is connected with a mainframe computer. There are many files on the data base to record inventory changes, book and physical inventories, and statistics on material balances. These files are controlled by a commercial data base management system which enables us to make access to data on the files with a simple query language, spread sheet type software or an application program. (author)

IMPACT OF THE PRINCIPLES OF FINANCIAL ACCOUNTING ON THE MANAGEMENT ACCOUNTING

OpenAIRE

Daniela CREŢU

2014-01-01

The paper studied the impact of the financial accounting principles on the management accounting. There are similarities and differences between the financial accounting and management accounting. The differences are numerous, but in the present paper we are more interested in similarities that are very deep. Not accidentally, in other accounting systems, two types of accounting information form one functional, integrated circuit (accounting monism in U.S.A. or accounting systems of compromis...

Integrated Worker Health Protection and Promotion Programs: Overview and Perspectives on Health and Economic Outcomes

Science.gov (United States)

Pronk, Nicolaas P.

2014-01-01

Objective To describe integrated worker health protection and promotion (IWHPP) program characteristics, to discuss the rationale for integration of OSH and WHP programs, and to summarize what is known about the impact of these programs on health and economic outcomes. Methods A descriptive assessment of the current state of the IWHPP field and a review of studies on the effectiveness of IWHPP programs on health and economic outcomes. Results Sufficient evidence of effectiveness was found for IWHPP programs when health outcomes are considered. Impact on productivity-related outcomes is considered promising, but inconclusive, whereas insufficient evidence was found for health care expenditures. Conclusions Existing evidence supports an integrated approach in terms of health outcomes but will benefit significantly from research designed to support the business case for employers of various company sizes and industry types. PMID:24284747

Empirical Studies in Financial Accounting

NARCIS (Netherlands)

X. Gkougkousi (Xanthi)

2012-01-01

textabstractThis dissertation contributes to the stream of literature that examines the role of accounting information in capital markets. The first two chapters deal with the economic consequences of changes in accounting regulations. The third chapter examines the relation between accounting

The accounting law and the Globalisation Era

Directory of Open Access Journals (Sweden)

Gheorghe LEPĂDATU

2010-06-01

Full Text Available The accounting law appeared as a new procedure together with the globalisation period and the knowledge economy. The accounting information relevance for company patrimony approach is both an economic theoretical issue and an accounting law one. Apart from the norms regarding significance breakeven and economic axiom, contractual aspects are also important. The most precise, organized and significant data can be obtained only from accounting. In this way, managers and administrators would like to get information ignoring the real capacity of accounting as much as possible. For this kind of situations, it is the accounting law that puts things into light.

Thermo-economic comparative analysis of gas turbine GT10 integrated with air and steam bottoming cycle

Science.gov (United States)

Czaja, Daniel; Chmielnak, Tadeusz; Lepszy, Sebastian

2014-12-01

A thermodynamic and economic analysis of a GT10 gas turbine integrated with the air bottoming cycle is presented. The results are compared to commercially available combined cycle power plants based on the same gas turbine. The systems under analysis have a better chance of competing with steam bottoming cycle configurations in a small range of the power output capacity. The aim of the calculations is to determine the final cost of electricity generated by the gas turbine air bottoming cycle based on a 25 MW GT10 gas turbine with the exhaust gas mass flow rate of about 80 kg/s. The article shows the results of thermodynamic optimization of the selection of the technological structure of gas turbine air bottoming cycle and of a comparative economic analysis. Quantities are determined that have a decisive impact on the considered units profitability and competitiveness compared to the popular technology based on the steam bottoming cycle. The ultimate quantity that can be compared in the calculations is the cost of 1 MWh of electricity. It should be noted that the systems analyzed herein are power plants where electricity is the only generated product. The performed calculations do not take account of any other (potential) revenues from the sale of energy origin certificates. Keywords: Gas turbine air bottoming cycle, Air bottoming cycle, Gas turbine, GT10

EVOLUTION OF INDUSTRIAL POLICY OF REPUBLIC ARGENTINA WITHIN THE LIMITS OF REGIONAL ECONOMIC INTEGRATION "MERCOSUR"

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V.Y. Solovarov

2007-09-01

Full Text Available The present article analyses the possibilities and general directions of Argentinian industrial development policy, taking into account the country’s participation in MERCOSUR regional group. For this purpose a brief survey of economic policies, carried out in the years 90 by various national governments, is given. The analysis of Nestor Kirchner government new approaches to Argentina’s economic development strategy in the conditions of globalization and the national state participation in this process is made.

Development of methodology of financial assets accounting in IFRS context

Directory of Open Access Journals (Sweden)

V.I. Tsurkanu

2018-04-01

Full Text Available In the innovation economy the proportion of resources directed to investment is significantly increasing and therefore the process becomes an integral part of the economic activities of modern organizations. In that situation the organization acquire another type of assets called financial, which differ in their characteristics from tangible and intangible assets. The authors of the present study firstly prove the need for economic interpretation of the financial assets and allocation in the balance their own positions, after the recognition, on the basis of the characteristic of such assets and for accounting and reporting should be assessed. In this context, we reveal methods that can choose the organizations, using business management models implemented by IFRS 9 «Financial instruments» for evaluation of financial assets, depending on their category. Special attention is paid to improving the methodology of accounting for financial assets in accordance with their specific characteristics of recognition and measurement. These issues are investigated not only in theoretical terms, but also on the basis of the comparison of normative and legislative acts of the Republic of Moldova and Ukraine with the regulations of IFRS. In addition, whereas the accounting systems and financial reporting in these countries change in accordance with the requirements of the Directive 2013/34/EU, their impact on the accounting of financial assets is also taken into account. According to the results of the research, drafting conclusions and suggestions are of theoretical nature and are of practical importance.

The new process of economic integration of America: ALCA. Some implications

International Nuclear Information System (INIS)

Carvajal Sanchez, Nohora Ines

2002-01-01

The following article presents some aspects of the research; area of free trade of the America. Foundations, evolution and perspectives, advanced by group of work of the ability of economy of the university of la Salle, in which the author of this article takes part as co-investigator. The outlined objective was the one from an approach to the knowledge of the FTAA through the answer to queries about the theoretical sustenance of the project, the asymmetries of the regional economies in this process, the interrelation among the current economic blocks and the negotiation systems, the calendar and the organic structure of the process. Some answers have to do with the suppositions of the theory of the economic integration, especially those of the schools of North American thought: The neorrealism and the neoidealism, to be this the most interested country in the regional integration. The most out standing exponents in these theories are Alexander Wendt and Ruggie (who has worked the theory of the multilateralidad). The answer to the other queries is presented along the article. The used methodology consisted on the development of the following phases. Diagnosis, analysis, evaluation, conclusions and socialization

Exploring futures from an energy perspective. A natural capital accounting model study into the long-term economic development potential of the Netherlands

International Nuclear Information System (INIS)

Noorman, K.J.

1995-01-01

The need to quantify economic activity in physical flows has been stressed several times elsewhere. To relate economic development with 'physical reality', in this thesis Resource Accounting (or Natural Capital Accounting) has been adopted as a method. This physical perspective on sustainable development has been made operational by designing an ECCO (Enhancement of Capital Creation Options) model for the Netherlands using energy as a physical numeraire. The purpose of the model is to investigate the long-term physical aspects of contemporary and future (economic or political) strategies to move the economy towards a more sustainable state and to explore the dynamics of such a process. Chapter 2 deals with the physical nature of economic processes and the fundamental role of thermodynamics in an economic system. Chapter 3 discusses the application of the ECCO paradigm within the context of Natural Capital Accounting methodology. Furthermore, the main structure of an ECCO model is presented. Chapter 4 elaborates on the Dutch model. Historical trends in direct energy use and the methodology of I-O analysis as well as the results of I-O analysis are presented in chapter 5. A method has been developed to estimate the primary energy captured in capital stocks in the diverse ECCO sectors. This method as well as the results, derived from applying this method, are presented in chapter 6. In chapter 7 the application of ECCO as a tool for assessing long term physical consequences of different development strategies is discussed. With respect to reducing the throughput of matter and energy, this study concentrates on energy conservation to reduce the demand for primary energy and the transition to a more sustainable energy supply sector by introducing renewable energy sources. figs., tabs., appendices, refs

Features of the Organization of Accounting and Tax Accounting and Auditing at Warranty Repairs

Directory of Open Access Journals (Sweden)

Mardus Nataliia Yu.

2016-08-01

Full Text Available The aim of the article is to study features of the normative and legal support of accounting and tax accounting at providing operations with warranty repairs comprising the secured in legislation right of consumers to obtain from the companies-producers (sellers products (goods and services of proper quality and cases of occurrence of warranty obligations to customers. To achieve the goal, the following tasks have been solved: the regulatory framework for the organization of warranty service (repair from the point of view of the company-seller and reflection of operations associated with warranty repairs in accounting and tax accounting was studied. The article describes the features of the organization of accounting and tax accounting at warranty repairs based on the legislative and normative documents regulating relations that arise in the organization and implementation of economic activity between business entities and between the entities and other participants of relations in the sphere of economic activity.

Economic analysis of a supercritical coal-fired CHP plant integrated with an absorption carbon capture installation

International Nuclear Information System (INIS)

Bartela, Łukasz; Skorek-Osikowska, Anna; Kotowicz, Janusz

2014-01-01

Energy investments in Poland are currently focused on supercritical coal-fired unit technology. It is likely, that in the future, these units are to be integrated with carbon capture and storage (CCS) installations, which enable a significant reduction of greenhouse gas emissions into the atmosphere. A significant share of the energy market in Poland is constituted by coal-fired combined heat and power (CHP) plants. The integration of these units with CCS installation can be economically inefficient. However, the lack of such integration enhances the investment risk due to the possibility of appearing on the market in the near future high prices of emission allowances. The aforementioned factors and additional favorable conditions for the development of cogeneration can cause one to consider investing in large supercritical CHP plants. This paper presents the results of an economic analysis aimed at comparing three cases of CHP plants, one without an integrated CCS installation and two with such installations. The same steam cycle structure for all variants was adopted. The cases of integrated CHP plants differ from each other in the manner in which they recover heat. For the evaluation of the respective solutions, the break-even price of electricity and avoided emission cost were used. - Highlights: • The simulations of operation of CHP plants under changing load have been realized. • For analyzed cases sensitivity analyses of economic indices have been conducted. • Conditions of competitiveness for integration with CCS units have been identified. • Integration can be profitable if prices of allowance will reach high values, exceeding 50 €/MgCO 2 . • Others important factors are the investment costs and operation and maintenance costs

MIGRATION INTEGRATION AS A FACTOR OF ECONOMIC AND REGIONAL DEVELOPMENT IN THE EUROPEAN UNION

Directory of Open Access Journals (Sweden)

Petronela Daniela FERARU

2015-10-01

Full Text Available International migration, together with economic and financial crisis or the different socio-economic development of Member States, is a serious threat to security in Europe. Population migration as a threatening factor, places the European Union in the face of a decision to establish clear policies for the establishment of a climate of external security, both for the migrant population and for the rest of the population. All in all, this study will centre on the following hypothesis: the better we know the challenges of international migration in the European Union and its Member States the more the European policies to mitigate negative effects of the world will be diminished. The aim is to highlight aspects pertaining to migration integration as a factor of economic, social and regional development in the European Union, and less as a factor of destabilization and insecurity. In other words, a good knowledge of the phenomenon leads to drawing up effective policies to reduce hazards, risks, threats and negative effects that happen today due to the increasing number of immigrants. Finally, the study will present a series of conclusions, including on the work hypothesis verification and some proposals related to migration integration efficiency as a factor of regional and economic development in the European Union.

Study regarding the Quality of Accounting Information under the Conditions of using Creative Accounting

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Cristina Nicolaescu

2015-01-01

Full Text Available This paper aims to present actual problems concerning financial accounting information under increased use of creative accounting practices. For this purpose we present the current conceptual framework for financial reporting used in Romania and its limitations when using creative accounting and the role of accounting policies and principles in obtaining relevant accounting information. Finally, we will synthesize the main creative accounting techniques and their application to the consequences of economic entities

Analysis of the Factors Affecting Resistance to Changes in Management Accounting Systems

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Rodrigo Angonese

2014-12-01

Full Text Available Despite changes in the environment and management accounting practices, studies indicate that management accounting systems do not change or change at a much slower rate than expected. The stability of the management accounting systems used by companies may relate to resistance to changing these systems. This study analyzes the factors that contribute to resistance to implementing an integrated management system from the perspective of institutional theory, grounded in the old institutional economics. Methodologically, this study provides a qualitative assessment of the problem and a descriptive analysis of the resistance factors through a case-study approach. The data were collected using semi-structured interviews and analyzed through content analysis. Two companies were selected for this study due to their differing characteristics. The following seven factors were analyzed for resistance to implementing integrated management systems: institutional power, ontological insecurity, trust, inertia, lack of knowledge, acceptance of routines and decoupling. However, there was no evidence to characterize hierarchical power. The research findings indicate that changing management accounting systems, through the implementation of an integrated management system, faces internal resistance in these organizations. Each factor varies in intensity but is permanently present in these companies, such as ontological insecurity, trust, inertia, lack of knowledge, acceptance of routines and decoupling. These factors are awakened when the change process begins and, if they gather enough force, can stop the change.

Economic Benefits of Aerobic Rice Grown Using Integrated Nitrogen Management

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Nyle A. Pardillo

2017-11-01

Full Text Available This study focuses in the effect of integrated nitrogen management to the yield and economic benefits of aerobic rice. This will help farmers to identify which of the two management technique to use to save costs while profit is high. A split plot experiment in Randomized Complete Block design is used with two main treatments and four sub treatments. Main treatments are the use of integrated nitrogen management and an application of synthetic nitrogen fertilizer. Sub treatments are the different rates of nitrogen fertilizer from 0 as control, 90, 120 and 150 kg N ha-1 . Data are consolidated and analyzed using the ANOVA of SAS 9.3 statistical tool and comparison means at 5% significance level in Duncan Multiple Range Test. Grain yield, income, costs, profit and return on expenses are the data gathered. There is an increasing yield from control to 120 kg N ha-1 and started to decline at 150 kg N ha-1 because optimum level reached at 120 kg N ha-1 . Significant increased in yield was observed in plants applied with integrated nitrogen management at 120 kg N ha-1 compared to plants applied with synthetic nitrogen due to release of nitrogen that contributed to the yield of aerobic rice. However, plants applied of 90 kg N ha-1 synthetic nitrogen gives significant yield increased compared to plants with integrated nitrogen management. Yield was subjected to economic analysis using gross income, costs and profit and return on expenses. Plants applied with synthetic nitrogen at 90 kg N ha-1 resulted to high income due to lower costs of fertilizer inputs and only treatment that has a positive return on expenses at 3.2% while other treatments have a negative remarks. This will lead to a conclusion that 90 kg N ha-1 is the optimum level of nitrogen that can give high yield and positive return on expenses that farmers will benefited.

ECONOMIC MODEL FOR EVALUATION OF INTEGRAL COMPETITIVENESS OF AUTOMOTIVE ENTERPRISES (AE

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A. F. Zubritsky

2010-01-01

Full Text Available The paper considers problems pertaining to evaluation of competitiveness of automotive enterprises in the field of international consignments. An economic model for determination of the integral AE competitiveness is proposed in the paper and the model permits to substitute an expert estimation in respect of some factors by their qualitative calculation on the basis of data on enterprise activity in the international consignment market.

Provider accountability as a driving force towards physician–hospital integration: a systematic review

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Jeroen Trybou

2015-04-01

Full Text Available Background: Hospitals and physicians lie at the heart of our health care delivery system. In general, physicians provide medical care and hospitals the resources to deliver health care. In the past two decades many countries have adopted reforms in which provider financial risk bearing is increased. By making providers financially accountable for the delivered care integrated care delivery is stimulated.Purpose: To assess the evidence base supporting the relationship between provider financial risk bearing and physician–hospital integration and to identify the different types of methods used to measure physician–hospital integration to evaluate the functional value of these integrative models.Results: Nine studies met the inclusion criteria. The evidence base is mixed and inconclusive. Our methodological analysis of previous research shows that previous studies have largely focused on the formal structures of physician–hospital arrangements as an indicator of physician–hospital integration.Conclusion: The link between provider financial risk bearing and physician–hospital integration can at this time be supported merely on the basis of theoretical insights of agency theory rather than empirical research. Physician–hospital integration measurement has concentrated on the prevalence of contracting vehicles that enables joint bargaining in a managed care environment but without realizing integration and cooperation between hospital and physicians. Therefore, we argue that these studies fail to shed light on the impact of risk shifting on the hospital–physician relationship accurately.

Provider accountability as a driving force towards physician–hospital integration: a systematic review

Directory of Open Access Journals (Sweden)

Jeroen Trybou

2015-04-01

Full Text Available Background: Hospitals and physicians lie at the heart of our health care delivery system. In general, physicians provide medical care and hospitals the resources to deliver health care. In the past two decades many countries have adopted reforms in which provider financial risk bearing is increased. By making providers financially accountable for the delivered care integrated care delivery is stimulated. Purpose: To assess the evidence base supporting the relationship between provider financial risk bearing and physician–hospital integration and to identify the different types of methods used to measure physician–hospital integration to evaluate the functional value of these integrative models. Results: Nine studies met the inclusion criteria. The evidence base is mixed and inconclusive. Our methodological analysis of previous research shows that previous studies have largely focused on the formal structures of physician–hospital arrangements as an indicator of physician–hospital integration. Conclusion: The link between provider financial risk bearing and physician–hospital integration can at this time be supported merely on the basis of theoretical insights of agency theory rather than empirical research. Physician–hospital integration measurement has concentrated on the prevalence of contracting vehicles that enables joint bargaining in a managed care environment but without realizing integration and cooperation between hospital and physicians. Therefore, we argue that these studies fail to shed light on the impact of risk shifting on the hospital–physician relationship accurately.

The Need to Adapt to New Financial Accounting Technologies Information in the Context of Global Economic Crisis

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Enrique BONSON-PONTE

2010-12-01

Full Text Available Today, accounting is a necessity and not a desire. Concerns for the improvement of accounting practices are necessary, especially in Romania, where these activities are strengthened with the progress of the Romanian economy integration into the structures of the European Union. This paper carried an objective analysis of how the web report is now being made by financial and accounting information, presents the disadvantages of this approach to reporting introduced, but the potential benefits that could be created by the rapid adoption of international standards for reporting financial information website, too. At the same time, the paper tries to create new opportunities as soon as possible regarding the adoption of intelligent technologies, which, coupled with language Web reporting financial information.

Fossil fuel savings, carbon emission reduction and economic attractiveness of medium-scale integrated biomass gasification combined cycle cogeneration plants

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Kalina Jacek

2012-01-01

Full Text Available The paper theoretically investigates the system made up of fluidized bed gasifier, SGT-100 gas turbine and bottoming steam cycle. Different configurations of the combined cycle plant are examined. A comparison is made between systems with producer gas (PG and natural gas (NG fired turbine. Supplementary firing of the PG in a heat recovery steam generator is also taken into account. The performance of the gas turbine is investigated using in-house built Engineering Equation Solver model. Steam cycle is modeled using GateCycleTM simulation software. The results are compared in terms of electric energy generation efficiency, CO2 emission and fossil fuel energy savings. Finally there is performed an economic analysis of a sample project. The results show relatively good performance in the both alternative configurations at different rates of supplementary firing. Furthermore, positive values of economic indices were obtained. [Acknowledgements. This work was carried out within the frame of research project no. N N513 004036, titled: Analysis and optimization of distributed energy conversion plants integrated with gasification of biomass. The project is financed by the Polish Ministry of Science.

NO to ¥E$? Enhancing Economic Integration in East Asia through Closer Monetary Cooperation

OpenAIRE

Lamberte, Mario B.; Milo, Melanie S.; Pontines, Victor

2001-01-01

This paper has reviewed four major developments in the last 30 years: the collapse of the Bretton Woods arrangements; deepening of economic integration worldwide; the frequency and severity of the crises that affected not only developing economies but developed economies as well; and the formation of the Euroland. Against this background was the increasing intra-regional trade and investment in East Asia. Existing empirical studies generally show that East Asia has satisfied the economic crit...

Farm Household Economic Model of The Integrated Crop Livestock System: Conceptual and Empirical Study

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Atien Priyanti

2007-06-01

Full Text Available An integrated approach to enhance rice production in Indonesia is very prospectus throughout the implementation of adapted and liable integrated program. One of the challenges in rice crop sub sector is the stagnation of its production due to the limitation of organic matter availability. This provides an opportunity for livestock development to overcome the problems on land fertility through the use of manure as the source of organic fertilizer. Ministry of Agriculture had implemented a program on Increasing Integrated Rice Productivity with an Integrated Crop Livestock System as one of the potential components since 2002. Integrated crop livestock system program with special reference to rice field and beef cattle is an alternative to enhance the potential development of agriculture sector in Indonesia. The implementation on this integrated program is to enhance rice production and productivity through a system involving beef cattle with its goal on increasing farmers’ income. Household economic model can be used as one of the analysis to evaluate the success of the implemented crop livestock system program. The specificity of the farmers is that rationality behavior of the role as production and consumption decision making. In this case, farmers perform the production to meet home consumption based on the resources that used directly for its production. The economic analysis of farmers household can be described to anticipate policy options through this model. Factors influencing farmers’ decisions and direct interrelations to production and consumption aspects that have complex implications for the farmers’ welfare of the integrated crop livestock system program.

Transport Corridors in the Russian Integration Projects, the Case of the Eurasian Economic Union

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Olga A. Podberezkina

2015-01-01

Full Text Available The article discusses the political importance of transport corridors in terms of the development of integration projects in the post-Soviet space. The world is witnessing the formation of a single market and transport and communication infrastructure, which intensifies competition among regional and world leaders, both states and non-state actors, such as businesses, markets over the routes of transporting goods. In the medium and long term the value of the control over the transport routes will increase due to the dynamics of economic development in the Asia-Pacific region. Competition for the development of projects of international transport corridors (ITC between the leading countries in the region will increase, because the ITC entail the formation of a common political space, the reduction of tariff and customs barriers, which provides easy access to the markets of countries linked by ITCs and creates the preconditions for economic integration. The growing political importance of ITC is reflected in the fact that global leaders such as China, the US, the EU, are trying to create their own versions of international land transport corridors connecting Europe and Asia. China is trying to promote their transport project "Economic Belt Silk Road" European countries develop cooperation on ITC TRACECA with other countries of Eurasia. US also embody their interests through the implementation of the project by the ITC in Afghanistan. Transport corridors in Russia are seen as a way to integrate it into the global transportation system and logistics space. To do this, Russia needs to develop Eurasian transport corridors through its territory. As a result of the implementation of transport projects Russia will be able to ensure the transit of goods from China to Europe, which has a positive impact on the economic development of the regions through which they pass. Development of international transportation through Russia will unite many of the

Logistic map with memory from economic model

International Nuclear Information System (INIS)

Tarasova, Valentina V.; Tarasov, Vasily E.

2017-01-01

A generalization of the economic model of logistic growth, which takes into account the effects of memory and crises, is suggested. Memory effect means that the economic factors and parameters at any given time depend not only on their values at that time, but also on their values at previous times. For the mathematical description of the memory effects, we use the theory of derivatives of non-integer order. Crises are considered as sharp splashes (bursts) of the price, which are mathematically described by the delta-functions. Using the equivalence of fractional differential equations and the Volterra integral equations, we obtain discrete maps with memory that are exact discrete analogs of fractional differential equations of economic processes. We derive logistic map with memory, its generalizations, and “economic” discrete maps with memory from the fractional differential equations, which describe the economic natural growth with competition, power-law memory and crises.

Modeling, simulation, parametric study and economic assessment of reciprocating internal combustion engine integrated with multi-effect desalination unit

International Nuclear Information System (INIS)

Salimi, Mohsen; Amidpour, Majid

2017-01-01

Highlights: • Integration of small MED unit with gas engine power cycle is studied in this paper. • Modeling, simulation, parametric study and sensitivity analysis were performed. • A thermodynamic model for heat recovery and power generation of the gas engine has been presented. • Annualized Cost of System (ACS) has been employed for economic assessment. • Economic feasibilty dependence of integrated system on natural gas and water prices has been investigated. - Abstract: Due to thermal nature of multi-effect desalination (MED), its integration with a suitable power cycle is highly desirable for waste heat recovery. One of the proper power cycle for proposed integration is internal combustion engine (ICE). The exhaust gas heat of ICE is used to produce motive steam for the required heat for the first effect of MED system. Also, the water jacket heat is utilized in a heat exchanger to pre-heat the seawater. This paper studies a thermodynamic model for a tri-generation system composed of ICE integrated with MED. The ICE thermodynamic model has been used in place of different empirical efficiency relations to estimate performance – load curves reasonably. The entire system performance has been coded in MATLAB, and the results of proposed thermodynamic model for the engine have been verified by manufacturer catalogue. By increasing the engine load from 40% to 100%, the water production of MED unit will increase from 4.38 cubic meters per day to 26.78 cubic meters per day and the tri-generation efficiency from 31% to 56%. Economic analyses of the MED unit integrated with ICE was performed based on Annualized Cost of System method. This integration makes the system more economical. It has been determined that in higher market prices for fresh water (more than 7 US$ per cubic meter), the increase in effects number is more significant to the period of return decrement.

ACCOUNTING TREATMENTS USED IN STOCKS VALUATION

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Suciu Gheorghe

2012-12-01

Full Text Available Accounting treatments represent the methods used by a company to apply its own accounting policies. Accounting treatments can be divided into two categories: basic accounting treatments and alternative treatments. Stocks represent the quantities of material resources, half-finished goods, finished goods which stockpile in supply repositories of the economic entities, with a certain structure and volume, for a certain period of time, in order to ensure continuity and regularity of the manufacturing process and of consumption. Stocks will be acknowledges only when the company is likely to make an economic benefit and when the costs and values can be estimated in a credible way.

Theory of differential and integral scattering of laser radiation by a dielectric surface taking a defect layer into account

NARCIS (Netherlands)

Azarova, VV; Dmitriev, VG; Lokhov, YN; Malitskii, KN

The differential and integral light scattering by dielectric surfaces is studied theoretically taking a thin nearsurface defect layer into account. The expressions for the intensities of differential and total integral scattering are found by the Green function method. Conditions are found under

QUANTITY AND QUALITY IN ACCOUNTING

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Horia Cristea

2016-12-01

Full Text Available The present paper is a synthesis of the scopes of accounting in understanding the economic processes and transactions from the quantitative and qualitative point of view. The economic life is a continuous set of choices and decisions (of maintaining, developing, correcting based on the information supplied by the accounting. The input information that are processed can be incorrect, processed with correct models and the outputs can be correct, incorrectly processed and with incorrect results.

Asian Economic Integration: ASEAN+3+1 or ASEAN+1s?

OpenAIRE

Batra, Amita

2006-01-01

In this paper an attempt is made to evaluate the most efficient approach to regional economic integration in Asia. For the purpose, Asia is defined as inclusive of ASEAN, the plus three economies of China, Japan, Korea and India that is the ASEAN plus four. Given that ASEAN is an existing regional bloc in Asia, alternative approaches to the alignment of the plus four economies with ASEAN for the formation of the ASEAN+4 trade bloc have been evaluated to determine if there are efficiency costs...

Cost account in agriculture with particular accordance to requirements of decision making process and controls

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Tomasz Kondraszuk

2009-01-01

Full Text Available The article presents cost account applicability in the agricultural companies regarding the general theory of economic and organisation of enterprises. The main focus was laid down to analyse the unit total cost account with variable costs and their applicability in three spheres: stock valuation and profit, requirements of planning and decision making processes and controlling. It was concluded that cost calculation at the level of agricultural enterprise should be an inherent element of integrated information system at the level of registry, planning, decision making and control.

Accounting for parameter uncertainty in the definition of parametric distributions used to describe individual patient variation in health economic models

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Koen Degeling

2017-12-01

Full Text Available Abstract Background Parametric distributions based on individual patient data can be used to represent both stochastic and parameter uncertainty. Although general guidance is available on how parameter uncertainty should be accounted for in probabilistic sensitivity analysis, there is no comprehensive guidance on reflecting parameter uncertainty in the (correlated parameters of distributions used to represent stochastic uncertainty in patient-level models. This study aims to provide this guidance by proposing appropriate methods and illustrating the impact of this uncertainty on modeling outcomes. Methods Two approaches, 1 using non-parametric bootstrapping and 2 using multivariate Normal distributions, were applied in a simulation and case study. The approaches were compared based on point-estimates and distributions of time-to-event and health economic outcomes. To assess sample size impact on the uncertainty in these outcomes, sample size was varied in the simulation study and subgroup analyses were performed for the case-study. Results Accounting for parameter uncertainty in distributions that reflect stochastic uncertainty substantially increased the uncertainty surrounding health economic outcomes, illustrated by larger confidence ellipses surrounding the cost-effectiveness point-estimates and different cost-effectiveness acceptability curves. Although both approaches performed similar for larger sample sizes (i.e. n = 500, the second approach was more sensitive to extreme values for small sample sizes (i.e. n = 25, yielding infeasible modeling outcomes. Conclusions Modelers should be aware that parameter uncertainty in distributions used to describe stochastic uncertainty needs to be reflected in probabilistic sensitivity analysis, as it could substantially impact the total amount of uncertainty surrounding health economic outcomes. If feasible, the bootstrap approach is recommended to account for this uncertainty.

Accounting for parameter uncertainty in the definition of parametric distributions used to describe individual patient variation in health economic models.

Science.gov (United States)

Degeling, Koen; IJzerman, Maarten J; Koopman, Miriam; Koffijberg, Hendrik

2017-12-15

Parametric distributions based on individual patient data can be used to represent both stochastic and parameter uncertainty. Although general guidance is available on how parameter uncertainty should be accounted for in probabilistic sensitivity analysis, there is no comprehensive guidance on reflecting parameter uncertainty in the (correlated) parameters of distributions used to represent stochastic uncertainty in patient-level models. This study aims to provide this guidance by proposing appropriate methods and illustrating the impact of this uncertainty on modeling outcomes. Two approaches, 1) using non-parametric bootstrapping and 2) using multivariate Normal distributions, were applied in a simulation and case study. The approaches were compared based on point-estimates and distributions of time-to-event and health economic outcomes. To assess sample size impact on the uncertainty in these outcomes, sample size was varied in the simulation study and subgroup analyses were performed for the case-study. Accounting for parameter uncertainty in distributions that reflect stochastic uncertainty substantially increased the uncertainty surrounding health economic outcomes, illustrated by larger confidence ellipses surrounding the cost-effectiveness point-estimates and different cost-effectiveness acceptability curves. Although both approaches performed similar for larger sample sizes (i.e. n = 500), the second approach was more sensitive to extreme values for small sample sizes (i.e. n = 25), yielding infeasible modeling outcomes. Modelers should be aware that parameter uncertainty in distributions used to describe stochastic uncertainty needs to be reflected in probabilistic sensitivity analysis, as it could substantially impact the total amount of uncertainty surrounding health economic outcomes. If feasible, the bootstrap approach is recommended to account for this uncertainty.

Material protection control and accounting program activities at the Urals electrochemical integrated plant

International Nuclear Information System (INIS)

McAllister, S.

1997-01-01

The Urals Electrochemical Integrated Plant (UEIP) is the Russian Federation's largest uranium enrichment plant and one of three sites in Russia blending high enriched uranium (HEU) into commercial grade low enriched uranium. UEIP is located approximately 70 km north of Yekaterinburg in the closed city of Novouralsk (formerly Sverdlovsk- 44). DOE's MPC ampersand A program first met with UEIP in June of 1996, however because of some contractual issues the work did not start until September of 1997. The six national laboratories participating in DOE's Material Protection Control and Accounting program are cooperating with UEIP to enhance the capabilities of the physical protection, access control, and nuclear material control and accounting systems. The MPC ampersand A work at UEIP is expected to be completed during fiscal year 2001

Integrating Educational, Environmental, and Behavioral Economic Strategies May Improve the Effectiveness of Obesity Interventions

OpenAIRE

Joel Gittelsohn; Katherine Lee

2013-01-01

Interventions that change the food environment, provide nutrition education, and employ behavioral economics strategies can potentially contribute to healthier diets and reduce the risk of chronic disease, but no attempt has been made to integrate these into the same conceptual framework. We present case studies of three multilevel, integrated interventions implemented by Johns Hopkins University between 2004–2011. We develop a conceptual model based on these case studies. Interventions and p...

MANAGERIAL ACCOUNTING AND ENVIRONMENTAL PERFORMANCE OF BAKERY COMPANIES

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Marian TAICU

2012-09-01

Full Text Available The complexity of the economic life, the economic and financial crisis and the social and environmental problems determine the increase in the role of information provided by managerial accounting in decision-making. The efficient management of any economic unit is based on the existence of a well structured information system, according to managers’ information needs, the main component of such system being accounting. The article aims at clarifying certain aspects concerning the role of managerial accounting in the correct assessment and in managing performance in bakery companies.

Integrating enzyme fermentation in lignocellulosic ethanol production: life-cycle assessment and techno-economic analysis.

Science.gov (United States)

Olofsson, Johanna; Barta, Zsolt; Börjesson, Pål; Wallberg, Ola

2017-01-01

Cellulase enzymes have been reported to contribute with a significant share of the total costs and greenhouse gas emissions of lignocellulosic ethanol production today. A potential future alternative to purchasing enzymes from an off-site manufacturer is to integrate enzyme and ethanol production, using microorganisms and part of the lignocellulosic material as feedstock for enzymes. This study modelled two such integrated process designs for ethanol from logging residues from spruce production, and compared it to an off-site case based on existing data regarding purchased enzymes. Greenhouse gas emissions and primary energy balances were studied in a life-cycle assessment, and cost performance in a techno-economic analysis. The base case scenario suggests that greenhouse gas emissions per MJ of ethanol could be significantly lower in the integrated cases than in the off-site case. However, the difference between the integrated and off-site cases is reduced with alternative assumptions regarding enzyme dosage and the environmental impact of the purchased enzymes. The comparison of primary energy balances did not show any significant difference between the cases. The minimum ethanol selling price, to reach break-even costs, was from 0.568 to 0.622 EUR L -1 for the integrated cases, as compared to 0.581 EUR L -1 for the off-site case. An integrated process design could reduce greenhouse gas emissions from lignocellulose-based ethanol production, and the cost of an integrated process could be comparable to purchasing enzymes produced off-site. This study focused on the environmental and economic assessment of an integrated process, and in order to strengthen the comparison to the off-site case, more detailed and updated data regarding industrial off-site enzyme production are especially important.

Democracy Aid and Electoral Accountability

DEFF Research Database (Denmark)

Heinrich, Tobias; Loftis, Matthew

2017-01-01

for this by analyzing incumbent turnover in elections following poor economic performance – the economic vote – as a measure of voting to achieve performance accountability. In our analysis of over 1,100 elections in 114 developing countries between 1975 and 2010, we find distinct evidence that increasing receipt......Although foreign policies often fail to successfully promote democracy, over a decade of empirical research indicates that foreign aid specifically for democracy promotion is remarkably successful at improving the survival and institutional strength of fragile democracies. However, these measures...... cannot tell us how well democracy aid supports the central promise of democracy: accountable government. Since institutions can be subverted in various ways that undermine accountability, it is vital to know whether democracy aid supports accountability to assess its overall success. We provide evidence...

Valuation and creative accounting

Directory of Open Access Journals (Sweden)

Maria Madalina VOINEA

2014-06-01

Full Text Available This paper deals with the economic and financial valuation, that is the only type of valuation, based on a diagnosis and expertise, which has as objective to establish the market value of elements, whether goods or businesses, being a "orientation tool" for the economic operators on the market. There are specific means to measure value but there are also some mechanisms that can influence the value obtained, from the category of creative accounting. Creative accounting occurs due to human intervention and even the most advanced accounting systems are not able to do this due to the lack of reasoning. There must be also assumed that it is possible that these creative accounting techniques may be caused by a simple mistake and not necessarily with the intention of manipulating the financial results and reports. The aim of the paper is to see how specific element valuation can influence the general one, namely the value of a company.

How to account for irreversibility in integrated assessment of climate change?; Comment tenir compte de l'irreversibilite dans l'evaluation integree du changement climatique?

Energy Technology Data Exchange (ETDEWEB)

Ha Duong, M

1998-04-15

How to account for irreversibility in integrated assessment of climate change? This Ph. D. thesis in Economics balances discounting, technical progress and the inertia of existing capital stock against uncertainty and the inertia of socio-economic systems to examine the issue of near term limitations of greenhouse gases emissions. After a general overview in chapter 2, and a more historical presentation of the debates in chapter 3, chapter 4 proceeds to review a large number of integrated assessment models. Chapter 5 introduces a Model on the Dynamics of Inertia and Adaptability of energy systems: DIAM, used to discuss how much previous studies might have overestimated the long term costs of CO{sub 2} limitations and underestimated adjustment costs. It shows that, given a target date for atmospheric CO{sub 2} concentration stabilisation, a higher inertia implies a lower optimal concentration trajectory. In a sequential decision framework, chapter 6 shows that current uncertainties about which CO{sub 2} concentration ceiling would not present dangerous interference with the climate system justifies precautionary action. Finally, chapter 7 uses the irreversibility effect theory to define formally situations of decision under controversy and compare the irreversibility of CO{sub 2} accumulation with the irreversibility of investments needed to moderate it. An option value for greenhouse gases emissions limitations is computed. (author)

Environmental economy account for Denmark 2000

International Nuclear Information System (INIS)

Anon.

2002-01-01

The article deals with energy consumption, emission of pollutants to the atmosphere, water consumption, and environmental taxes and subsidies in relation to the Danish National Accounts. Furthermore the article presents status of the values of the petroleum and gas reserves. The environmental-economic account for Denmark shows that the contribution to the greenhouse effect has increased with 9% while the acidification in Denmark has decreased with 45% from 1999 to 2000. This must be seen in relation to the fact that the economic activities in the same period have increased with 26%. The information presented in the environmental-economic account can be used to show so-called profiles of the consumption and production branches where a comparison is made of the branches for several areas and dimensions. Industry etc. accounts for 17% of the total employment representing 26% of the total production value, and it uses 37% of the gross energy consumption. (LN)