Conventional accounting management

Account management and changes in chosen investment plans are very labor intensive in the conventional MPF model. Switching to the e-MPF model promises to significantly lower administrative cost while, at the same time, increases flexibility. As a contributor to an MPF scheme, each individual employee has an interest in checking how his or her contributions are invested and how much has accumulated in their MPF account. Providers have set up Websites that provide personalized MPF account management and disseminate updated MPF information and investment decision aids. 

Companies, particularly public ones, are naturally aware of and concerned about their in perception in capital markets. These markets provide the money that put them in business, entrusting investor resources to the hands of management. There is an increasing perception that conventional accounting shortchanges many investors because of its influence on company decision-makers. 

Table 27.9, a table of capital recovery factors, enables us to calculate the equivalent uniform annual cost (EUAC). The 120,000 figure is our base (No. 1 in Table 27.9). In conventional accounting, this would likely determine the capital charge the department manager would see on the income statement if the company used straight-line depreciation. It represents only depreciation of the asset. Using a 15 percent cost of capital...

A method to plan, measure and control expenses associated with managing and monitoring the supply chain specific techniques for assigning cost in business processes to achvihes. ABC is seen to overcome many of the shortcomings of conventional accounting methodologies. Chapter 25... 

In making risk management decisions it is important to take into account nontechnical factors in addition to scientific and economic information. Recent crises in the food industry have indicated that consumers perceptions about risks are driven by factors that would not be considered in conventional risk assessments. Research has shown that factors such as whether sub-groups (particularly children) might be affected, whether the hazard is familiar, if there are effects on the environment or if risks and benefits are equitably shared can determine consumers reactions to an issue. 

---