System design for periodic data production management

This research project introduces a new type of information system, the periodic data production management system, and proposes several innovative system design concepts for this application area. Periodic data production systems are common in the information industry for the production of information. These systems process large quantities of data in order to produce statistical reports in predefined intervals. The workflow of such a system is typically distributed world-wide and consists of several semi-computerized production steps which transform data packages. For example, market research companies apply these systems in order to sell marketing information over specified timelines. production of information. These systems process large quantities of data in order to produce statistical reports in predefined intervals. The workflow of such a system is typically distributed world-wide and consists of several semi-computerized production steps which transform data packages. For example, market research companies apply these systems in order to sell marketing information over specified timelines. There has been identified a lack of concepts for IT-aided management in this area. This thesis clearly defines the complex requirements of periodic data production management systems. It is shown that these systems can be defines as IT-support for planning, monitoring and controlling periodic data production processes. Their significant advantages are that information industry will be enabled to increase production performance, and to ease (and speed up) the identification of the production progress as well as the achievable optimisation potential in order to control rationalisation goals. In addition, this thesis provides solutions for he generic problem how to introduce such a management system on top of an unchangeable periodic data production system. Two promising system designs for periodic data production management are derived, analysed and compared in order to gain knowledge about appropriate concepts and this application area. Production planning systems are the metaphor models used for the so-called closely coupled approach. The metaphor model for the loosely coupled approach is project management. The latter approach is prototyped as an application in the market research industry and used as case study. Evaluation results are real-world experiences which demonstrate the extraordinary efficiency of systems based on the loosely coupled approach. Special is a scenario-based evaluation that accurately demonstrates the many improvements achievable with this approach. Main results are that production planning and process quality can vitally be improved. Finally, among other propositions, it is suggested to concentrate future work on the development of product lines for periodic data production management systems in order to increase their reuse

Financial Reform and Development in the Philippines, 1980-1997: Imperatives, Performance and Challenges

This paper discusses financial reform and development in the Philippines during the past one and a half decades and the challenges facing the financial sector in the light of greater international financial integration. Issues on prudential regulation and how it can be improved and strengthened are presented. Key lessons from the Philippines and Southeast Asian experience are also discussed.Asian financial crisis, financial sector, financial liberalization, financial integration

Financial Reform and Development in the Philippines, 1980-1997: Imperatives, Performance and Challenges

This paper discusses financial reform and development in the Philippines during the past one and a half decades and the challenges facing the financial sector in the light of greater international financial integration. Issues on prudential regulation and how it can be improved and strengthened are presented. Key lessons from the Philippines and Southeast Asian experience are also discussed.Asian financial crisis, financial sector, financial liberalization, financial integration

Financial reporting quality control for internal control implementation

Though at the enterprises the estimation of a financial condition is annually, it is necessary to develop, to improve constantly and to evaluate the system of the internal control, necessary to develop a technique of the reporting quality estimation of the enterprise specially for the certain enterprise in view of all features, to take advantage of statistical data and to draw corresponding conclusions, to make constant monitoring. The purpose of development of the mechanism - detection of deviations of data in the reporting from actual results of activity, definition of clauses causing distortion of a real financial condition of the enterprise, revealing of size of influence of the given distortions and qualities of the reporting as a whole on decision-making, and also revealing of the reasons causing these deviations and distortions, and development of recommendations on corresponding correction separate directions for improvement of quality of the reporting. How can high reporting quality and internal control create an advantage? In survey of institutional investors is reported that investors apply a penalty if they believe a company’s internal control to be insufficient. Sixty-one percent of respondents said they had avoided investing in companies and 48% had de-invested in companies where internal control was considered inadequate. As additional support, they study went on to report that 82% of respondents agreed that good internal control was worth a premium on share price. These institutional investors are pushing for greater transparency on risk issues and related internal control efforts. Simply put, an organization’s ability to implement and maintain a leading-class control framework can create competitive advantage in today’s market. A system of the financial reporting conducting with strong management, quality control and good legislative base is the key factor of economic development. The trust of investors in the financial and not financial information is based on strong Internal Control, high-quality standards of the financial reporting, audit and ethics, thus, standards and Internal Control play the leading part in assistance of economic growth and financial stability in the country. Nevertheless, every company meets the problems of implementation of the internal control. Among them there can be problems in labor qualification, legislation and so on. It is also necessary to examine the successful experience at the micro level.Though at the enterprises the estimation of a financial condition is annually, it is necessary to develop, to improve constantly and to evaluate the system of the internal control, necessary to develop a technique of the reporting quality estimation of the enterprise specially for the certain enterprise in view of all features, to take advantage of statistical data and to draw corresponding conclusions, to make constant monitoring. The purpose of development of the mechanism - detection of deviations of data in the reporting from actual results of activity, definition of clauses causing distortion of a real financial condition of the enterprise, revealing of size of influence of the given distortions and qualities of the reporting as a whole on decision-making, and also revealing of the reasons causing these deviations and distortions, and development of recommendations on corresponding correction separate directions for improvement of quality of the reporting. How can high reporting quality and internal control create an advantage? In survey of institutional investors is reported that investors apply a penalty if they believe a company’s internal control to be insufficient. Sixty-one percent of respondents said they had avoided investing in companies and 48% had de-invested in companies where internal control was considered inadequate. As additional support, they study went on to report that 82% of respondents agreed that good internal control was worth a premium on share price. These institutional investors are pushing for greater transparency on risk issues and related internal control efforts. Simply put, an organization’s ability to implement and maintain a leading-class control framework can create competitive advantage in today’s market. A system of the financial reporting conducting with strong management, quality control and good legislative base is the key factor of economic development. The trust of investors in the financial and not financial information is based on strong Internal Control, high-quality standards of the financial reporting, audit and ethics, thus, standards and Internal Control play the leading part in assistance of economic growth and financial stability in the country. Nevertheless, every company meets the problems of implementation of the internal control. Among them there can be problems in labor qualification, legislation and so on. It is also necessary to examine the successful experience at the micro level.

Serbia - public sector accounting review : report on the enhancement of public sector financial reporting

The government’s public financial management (PFM) Reform Program 2016-2020 foresees the gradual transition of public sector financial reporting from a cash basis to an accrual basis of accounting and the application of International Public Sector Accounting Standards (IPSAS). This will significantly improve the quality of financial information and should enable better informed decision-making, more efficient use of public funds and resources and improved fiscal performance. This Report on the Enhancement of Public Sector Financial Reporting is one output of the Serbia Public Sector Accounting Reform Technical Assistance project funded by the Swiss State Secretariat for Economic Affairs (SECO) through the Strengthening Accountability and Fiduciary Environment (SAFE) Trust Fund under the Public Sector Accounting and Reporting Program (PULSAR) which provides support for the development and implementation of public sector accounting standards. This report supports the development of a plan towards that goal by assessing the institutional framework for public sector accounting as well as the gap between Serbian public sector generally accepted accounting principles (PS GAAP) and IPSAS