(taking back risk). PFI contracts can deliver better value for money than traditional methods of procurement if risks are transferred to the parties best able to handle them. The article concludes with a discussion of guidelines on generally accepted accounting practice and indicators for assessing risk. ∗ David Corner is Director of Corporate Policy in the United Kingdom National Audit Office. This article was originally published as Chapter 3 in Graeme Hodge and Carsten Greve (eds.) (2005), The Challenge
Words: 7765 - Pages: 32
ABSTRACT A review of the Fair Labor Standard Act should be accomplished periodically to ensure employers are not taking advantage of workers. The Fair Labor Standard Act provides various guidelines, however, this paper addresses minimum wage, annual adjustments to minimum wage, hours worked, overtime pay, and groups covered. Based on research and analytical analysis, the Fair Labor Standard Act needs to be updated in the area of minimum wage, annual adjustments to minimum wage, and teenage groups
Words: 810 - Pages: 4
centralized power. Advantages and disadvantages of centralization Advantages would be: * Greater buying specialization * Ability to pay for talent * Consolidation of requirements – clout * Coordination of policies and procedures * Effective planning and research * Common suppliers * Proximity to major organizational decision makers * Critical mass * Firm brand recognition and stature * Reporting line – power * Strategic focus * Cost of purchasing low
Words: 1923 - Pages: 8
question on its eligibility to be adopted in organizations. It has some of the benefits of being cost effective and ensuring quality production. However, it faces unpredictability in the supply chain and meeting demand, both setbacks realized in adopting it. The magnitude of the benefits and setbacks can vary depending on the industry. The current study provides details on the advantages and disadvantages of employing the policy in the manufacturing industry with implementation examples specific to
Words: 4157 - Pages: 17
Executive Summary Maxtel Technologies Inc., is a large international electronics firm, that manufactures and sales electronic products such as televisions, monitors, printers, handheld products, communication systems, digital cameras, and desktop computers. Maxtel have been in business for over 20 years with business relationships and offices in three regions: North/Latin America region (AMERICAS), the Europe/Middle East/Africa region (EMEA), and the Asia/Pacific region (APAC). Maxtel Technologies
Words: 922 - Pages: 4
Accounting Standards- Callum Kellas 11066176 Accounting standards are sets of rules specifically layed down by certain numerous organisations that set out the fundamental principles, the definitive meanings of key terms and specify the methods with which accounts should be presented. “ Accounting principles and concepts develop from research, accepted accouting practises and pronouncements of regulators” (Warren, p7,2010) These international standards of international financial reporting standards
Words: 1866 - Pages: 8
Publishing Publishing F3 INT Study Text Financial Accounting ACCA Publishing ACCA Distance Learning Courses Learn quickly and efficiently Using a blended learning approach, our distance learning package will steer you towards exam success. Our aim is to teach you all you need to know and give you plenty of practice, without bombarding you with excessive detail. We therefore offer you the following tailored package: • Access to our dedicated distance learning website – where
Words: 82760 - Pages: 332
Objectives of GPFR The conceptual framework (CF) is a logical guideline of interrelated objectives and fundamentals that are expected to lead to consistent accounting standards and underlie the preparation and presentation of financial reports. Only CF and SAC 2 deal with the objective of GPFR (Mala 2013, pp. 12-6). There is no clear definition of the objectives of GPRF in the Conceptual Framework but according to the CF’s guideline and SAC 2 there are few objectives that GPRF should be met: OB1
Words: 893 - Pages: 4
(49%). Due to high manufacturing cost, De Havilland is trying to implement a new cost reduction strategy by partnering with a smaller base of suppliers and utilizing long-term contracts. De Havilland sent out RFQs to nine suppliers and the Financial Analyst, Kim Tomar was responsible to evaluate and recommend the candidates. When comparing price, one of the suppliers, Marton Enterprises had pricing that was less expensive by $2, 061,180 compared to the current provider, Dollard Plastics. De Havilland
Words: 1980 - Pages: 8
| | | 1-2: | | | | | | 1. Proprietorship- which is an unincorporated business owned by one individual. | Advantages: | | A. it is easily and inexpensively formed | B. It is subject to few government regulations. | C. its income is not subject to corporate taxation but is taxed as part of the proprietor's personal income. | Disadvantages: | | A. it may be difficult for a proprietorship to obtain the capital needed for growth. | B. the proprietor has unlimited personal
Words: 1558 - Pages: 7
