Financial markets: very noisy information processing

We report new results about the impact of noise on information processing with application to financial markets. These results quantify the tradeoff between the amount of data and the noise level in the data. They also provide estimates for the performance of a learning system in terms of the noise level. We use these results to derive a method for detecting the change in market volatility from period to period. We successfully apply these results to the four major foreign exchange (FX) markets. The results hold for linear as well as nonlinear learning models and algorithms and for different noise models

Exploring information lifecycle management in the Nigerian financial sector: A case study

This research paper presents theoretical and practical approaches at how the banking sector manages financial information, with emphasis being placed on financial service operations of cheque processing and securities trading. The banking sector was identified as it is presently the most vibrant and emerging sector in the financial services in Nigeria, which mentioned in the Financial Times. The banking sector has been the driving force behind Nigeria’s equity, which is in access of $3.3bn in equity capital markets a transaction in 2007. The banks that were investigated in this research paper included banks that incorporate functions in the equity market as part of their daily operations and in the possession of relevant information on securities trading as well as information on cheque processing procedures. One of the main findings is that, there is above average knowledge and understanding of ILM within the financial sector in Nigeria. Therefore, it was recommended that the application of ILM techniques should be improved upon in the management of information in the Nigeria financial sector and to obtain the best results at every stage of the information lifecycle

The Impact of Income Disparity on Financial Regulation

As part of a symposium on the administrative law of financial regulation, this article shows that there is a two-to-one income disparity between members of the financial industry and their regulators. When this income disparity — which dwarfs that between other industries and their regulators — is coupled with the complexity of financial products and markets, it creates an information asymmetry that can lead to regulatory failure. Although scholars have long observed the existence of an information asymmetry between regulators and industry due to delays in obtaining information, this income disparity creates an additional, and very different, information asymmetry: one based not on obtaining but on processing information

Financial Performance Value-Added Dairy Operations in New York, Vermont and Wisconsin

Federal, state and local governments have funded various efforts to support value added agriculture, often implicitly assuming that the enterprises would be profitable and that the transition from commodity producer to producer-processor-marketer-distributor would be relatively easy. Some analysts (e.g., Streeter and Bills; 2003a, 2003b) have questioned both of these assumptions, noting that available aggregate data do not allow assessment of the financial performance of value-added enterprises. Our study collected detailed financial information from 27 value-added dairy enterprises with cows, goats or sheep in three states. These businesses processed and marketed cheese, fluid milk products and yogurt; 17 had begun processing during the previous three years. The financial information was used to develop income statements and balance sheets for both the milk production and the dairy processing and marketing enterprises. Our results suggest that value-added dairy is not a panacea: despite much higher revenues per unit milk produced or processed, mean net income for the processing enterprise and for the combined milk production and processing business were modest at best and often negative. More than half of the on-farm processors had negative net incomes from processing, and seven processing enterprises had negative net worth. On average, returns per cwt milk processed were $90 per cwt and$209 per cwt (for cow and goat/sheep milk producers, respectively) lower than the full economic costs of production and processing.small-scale dairy processing, value added, financial performance, profitability, Agricultural Finance,

Development Of Web Application To Manage School Student And Finance Data (A Case Study in MIM Gonilan, Kartasura)

Information and computer technology advances very rapidly inline with the increase of the need for information. The use of IT in education has also become the norm. As for Elementary School MIM Innovative Gonilan, information systems have an important role in an educational institutions to improve the effectiveness and performance. Managing student and finance data is a very important part because every activity in school will definitely require funding. The system design is intended to process and managing student financial data. The main purpose of developing financial information system is for processing financial data quickly and accurately, because manual system that is currently used cause some problems, the current system does not produce 100% accurate data and data processing system of financial administration manual also requires a long time. Based on the analysis of the problem we try to design a student and financial information system that is expected to support the reporting of financial data so that reports generated more quickly and accurately. The system was implemented using PHP programming language and MySQL database. The results is a functioning financial information system for processing and making financial reports, and the financial data processing becomes more accurate, faster, and more timely than manual processing

Optimizing models of a stock portfolio issued by Financial Investment Companies

The complex methodology used in financial portfolio management proves that H. Markowitz optimization approach is one of the most applied techniques on developed global financial markets. Financial information spreading and processing speed, real time access to information, the performance maximization criterion for managed portfolios, are fundamental factors requiring higher reaction speed from the portfolio manager in order to take the appropriate strategic decisions. Sustained decision process requires specific applications and flexibility to present financial circumstances, a relevant example being Crystal Ball software. This paper intends to test in practice the facilities offered by Crystal Ball regarding a stock portfolio and to compare the results generated by Markowitz approach.capital market, portfolio optimisation,Financial Investments Companies

Principles of forming a modern accounting and analytical model of commercial organization in digital economy

Purpose: The article presents basic methodological approaches to the creation of a new model of forming and functioning of the accounting and analytical system to meet the information needs of internal and external stakeholders of organizations. Design/Approach/Methodology: Substantiation of the principles of building a system for accounting and analytical information management that meets current conditions for the business functioning using modern hardware and software. Findings: The developed model of cascade functioning of organization’s information support system optimizes the structure and content of accounting and analytical modules, contributes to the effective implementation of management functions, timely control and rapid response to the impact of negative factors. Practical implications: The principles of information flow management system constructing formulated in the article contribute to optimization of expenses for organization of accounting and analytical functions, improvement of quality of financial and non-financial reporting, realistic assessment and forecasting of business efficiency. Originality/Value: The proposed new model for constructing an accounting and analytical information base allows to improve the procedures of collection, processing, storage and disclosure of financial and non-financial information, to create a balanced structure of the database on the basis of cascade digitization of primary and derived data.peer-reviewe

The justifying documents - the accounting registration base of the works and services executed by third parties

The data and information support are made from justifying documents, account books, financial situations and periodical account reports, electronic bearers (bands and magnetic disks, CDs, and floppy disks). Some of these supports assure, in a first stage, the data collection, meaning their consignment and their preparation for processing, operation which has as a result the obtaining of the information itself which is stored for transmission to their users, usually using other supports than those designed for the data collection.account books, financial situations, justifying documents