sub-committee on the general chart of accounts and financial statements, headed by Lemoine and Pujol; and the sub-committee on cost accounting, headed by Martin [Brunet, 1951, p. 166]. The committee had to focus on accounting in industrial and commercial businesses as the starting point of what would ulti­ mately become a national rationalization of accounting. More, specifically, the accounting system chosen had to be simple, com­ plete and flexible enough to be applied to large companies as well as to the more numerous small and medium-sized companies. Finally, the orientation chosen by the plan’s designers was towards the determination of financial results for investors and creditors (particularly banks), and the determination of product costs for pricing purposes. Although finding a plan suitable for national accounting was not the primary goal of the committee, several measures were nonetheless adopted which stressed the economic orientation of the accounting reform. The economic concerns of the designers were reflected in the following features of the plan: 1. Classification of companies’ assets according to their eco­ nomic function or location; 2. In the balance sheet, grouping of accounts into classes that reflected the accounts’ economic function: permanent capi­ tal, long-term assets, inventories, third-party accounts and financial accounts; 3. The classification of expenses by type, which provided the necessary elements for the study of the economic situation at the company, industry and national levels; 4. The production of information on company operations to complete the financial statements, such as endorsements and commitments, or to facilitate the analysis of certain elements of the balance sheet (depreciation, fixed assets, provisions). Contents o f the 1947 Plan The plan constituted a complete set of accounting procedures, including [Veyrenc, 1950?; Retail, 1951]: 1. A definition of financial and cost accounting; 2. A chart of accounts (see Appendix) and related terminol­ ogy; 3. A list of the accounts and how they interact; 4. General rules for the application of the plan; 5. Valuation rules for assets; 6. Rules for determining depreciation and provisions;

2014 ◽  
pp. 345-345
Keyword(s):  
Balance Sheet ◽  
Financial Statements ◽  
Cost Accounting ◽  
Third Party ◽  
Starting Point ◽  
Complete Set ◽  
Definition Of ◽  
Product Costs

Models for the balance sheet, the trading account and the profit and loss account; 8. A section on cost accounting, including a description of the system adopted, terminology, rules for computing product costs, an explanation of the perpetual inventory method and the procedure for the classification of expenses into fixed and variable categories; 9. Statistical accounts necessary to analyze the company's situation and establish a national accounting system (see point 4 in the previous section). General Features of the 1947 Plan The plan offered a simple, logical and flexible structure, while introducing the most advanced cost accounting techniques of the time (the homogeneous sections method described earlier). Termi­ nology and presentation were largely borrowed from the account­ ing tradition. The chart of accounts (see Appendix) classes were chosen in accordance with the two traditional objectives of finan­ cial accounting: the determination of the firm’s situation and the analysis of the year's results. The plan used the decimal system to number accounts and classes of accounts. The main classes of the plan were as follows: Balance 1. Permanent capital (capital, reserves, liabili-sheet ties); accounts 2. Fixed assets and investments; 3. Stocks; 4. Third-party accounts (receivables and payables); 5. Financial accounts (short-teim loans and borrowing, short-term investments, cash); Operating 6. Expenses, classified by type; accounts 7. Revenues, classified by type; 8. Profit and Loss accounts; 9. Cost accounting accounts; 10. Statistical accounts. This structure made it easy to prepare the balance sheet which was established from the accounts of the first five classes. Unlike the 1942 Plan, the order of appearance of the accounts on the balance sheet was the same as in the chart of accounts. Ac­ counts were first classified according to the duration of use or realizability for assets (short or long-term) and according to the

2014 ◽  
pp. 346-346
Keyword(s):  
Balance Sheet ◽  
Cost Accounting ◽  
Third Party ◽  
Accounting System ◽  
Fixed Assets ◽  
Perpetual Inventory Method ◽  
Product Costs

Sales and other revenues 9. Profit and loss accounts and results of operations In fact, there were two charts of accounts: a complete one with ten classes for companies which used cost accounting, and a simplified one without the cost accounting classes (numbers 5, 6 and 7) for others. Due to the integration of cost accounting into the accounting chart, there had to be two formats for the trading account and two for the profit and loss account: one set of state­ ments classifying expenses by destination (functions) for compa­ nies using the cost accounting classes, and another classifying ex­ penses by nature for companies which did not use these classes. The 1942 French Plan was developed on the basis of a docu­ ment prepared by Chezlepretre, a Vichy government senior civil servant within the Ministere de I’lzconomie Nationale et des Fi­ nances, who had been trained as a statistician [Standish, 1990, p. 346]. Chezlepretre had probably drawn up his Plan using the 1937 Goering Plan as a starting point since it had the only official chart of accounts in use at the time. In fact, there are similarities be­ tween the German and the 1942 French charts. In both the German and French charts, cost accounting was integrated with financial accounting. This arrangement of ac­ counts reflected Schmalenbach's conception, in which the chart of accounts follows the cycle of manufacturing activity: first, capital is raised and invested in fixed and current assets; then, materials are purchased and processed to create products that are sold; and lastly, all accounting elements are assembled in class 9 for the periodic closing of the books. However, even if the German and the 1942 French charts of accounts were similar, the French influence had impact in two areas of the 1942 Plan: product costing and the standard balance sheet. The resulting characteristics were later retained in the 1947 Plan. First the latest innovations in French cost accounting were embodied in the 1942 Plan. The homogeneous sections method, developed and defined by Lieutenant-Colonel Rimailho in a 1928 pamphlet under the aegis of the Commission Generale d'Organisation Scientifique du Travail (C.E.G.O.S.), was to be used in computing product costs. This method was concerned with the allocation of indirect charges to product costs. These charges were to be accumulated in various accounting units or sections (such as a division of the enterprise or a specific activity like distribution). Then, section costs were charged to product costs using a chosen work unit (unite d’oeuvre) as basis of allocation (such as kilome­

2014 ◽  
pp. 340-340
Keyword(s):  
Specific Activity ◽  
Balance Sheet ◽  
Cost Accounting ◽  
Product Costing ◽  
Starting Point ◽  
Manufacturing Activity ◽  
Accounting Units ◽  
The Cost ◽  
Product Costs ◽  
Senior Civil Servant

State Failure and the Political Violence Phenomenon: A Comparative Analysis of Iraq and Syria Cases

2016 ◽  
Vol 4 (2) ◽  
pp. 170 ◽  
Author(s):  
K. Eylem Özkaya Lassalle
Keyword(s):  
Cold War ◽  
Political Violence ◽  
State Failure ◽  
The Political ◽  
Collective Violence ◽  
Short Run ◽  
Definition Of ◽  
The Cold War

The concept of failed state came to the fore with the end of the Cold War, the collapse of the USSR and the disintegration of Yugoslavia. Political violence is central in these discussions on the definition of the concept or the determination of its dimensions (indicators). Specifically, the level of political violence, the type of political violence and intensity of political violence has been broached in the literature. An effective classification of political violence can lead us to a better understanding of state failure phenomenon. By using Tilly’s classification of collective violence which is based on extent of coordination among violent actors and salience of short-run damage, the role played by political violence in state failure can be understood clearly. In order to do this, two recent cases, Iraq and Syria will be examined.

scholarly journals Determination of the Starting Point in Time Series for Trend Detection Based on Overlapping Trend

2016 ◽  
Vol 16 (6) ◽  
pp. 98-110
Author(s):  
Gao Xuedong ◽  
Gu Kan
Keyword(s):  
Time Series ◽  
Piecewise Linear ◽  
Negative Influence ◽  
Trend Detection ◽  
Computational Accuracy ◽  
Starting Point ◽  
Time Series Studies ◽  
Definition Of ◽  
Stage Characteristic

Abstract The traditional time series studies consider the time series as a whole while carrying on the trend detection; therefore not enough attention is paid to the stage characteristic. On the other hand, the piecewise linear fitting type methods for trend detection are lacking consideration of the possibility that the same node belongs to multiple trends. The above two methods are affected by the start position of the sequence. In this paper, the concept of overlapping trend is proposed, and the definition of milestone nodes is given on its base; these way not only the recognition of overlapping trend is realized, but also the negative influence of the starting point of sequence is effectively reduced. The experimental results show that the computational accuracy is not affected by the improved algorithm and the time cost is greatly reduced when dealing with the processing tasks on dynamic growing data sequence.

scholarly journals Issues surrounding the classification of accounting information

2011 ◽  
Vol 12 (3) ◽  
pp. 353-369 ◽  
Author(s):  
Huibrecht Van der Poll ◽  
Daan Gouws
Keyword(s):  
Balance Sheet ◽  
Accounting Information ◽  
Financial Statements ◽  
Classification Theory ◽  
New Classification ◽  
Second Nature ◽  
Classification Framework ◽  
Income Statement ◽  
Current Classification

The act of classifying information created by accounting practices is ubiquitous in the accounting process; from recording to reporting, it has almost become second nature. The classification has to correspond to the requirements and demands of the changing environment in which it is practised. Evidence suggests that the current classification of items in financial statements is not keeping pace with the needs of users and the new financial constructs generated by the industry. This study addresses the issue of classification in two ways: by means of a critical analysis of classification theory and practices and by means of a questionnaire that was developed and sent to compilers and users of financial statements. A new classification framework for accounting information in the balance sheet and income statement is proposed.

The Aerospace Plane: Collisions and Damage to a Third Party on the Surface of the Earth: Which Liability Regime will Rule?

1991 ◽  
Vol 4 (2) ◽  
pp. 249-280
Author(s):  
Lousewies S.A.L.B van der Laan
Keyword(s):  
Outer Space ◽  
Third Party ◽  
Chicago Convention ◽  
Legal Regime ◽  
The Earth ◽  
Legal Questions ◽  
Starting Point ◽  
Outer Space Treaty ◽  
Definition Of ◽  
Aerospace Plane

The article addresses the establishment of a legal regime concerning liability questions of the aerospace plane. The existing air and space law, as laid down for example in the Chicago Convention and the Outer Space Treaty -especially the definition of the words ‘aircraft’ and ‘space object’-is used as a starting point. The applicability of the existing regimes to the aerospace plane is then evaluated. Two concrete cases, namely liability resulting from damage to third parties on the suiface of the earth and liability after collisions, are presented in depth to illustrate the legal questions that this new hybrid craft will raise. Finally some modest suggestions are made as to the resolution of the conflicts.

REGISTRY AND SETTLEMENT OF ACCOUNTING COSTS IN THE FUNCTIONING OF A COMPANY (SELECTED ISSUES)

2016 ◽  
Vol 3 (1) ◽  
pp. 7-19
Author(s):  
Tomasz Wołowiec ◽  
Janusz Soboń
Keyword(s):  
Social Security ◽  
Cost Accounting ◽  
Current Period ◽  
Definition Of ◽  
A Company

The method of recognition and classification of costs should be clearly described in the company rules of accounting. This follows directly from Article. 10 of the Accounting Act of 29 September 1994. In a cost accounting processes we must first determine whether the expenditure meets the definition of costs relates to the current period or should be settled in time and which kind of activity should be subordinated. Operating expenses include costs by type (cushioning materials and energy, outsourced services, wages, taxes and fees, social security and other benefits, other costs) and the value of goods sold and materials at purchase prices or acquisition.

scholarly journals BALANCE SHEET ANALYSIS OF CREDIT AND DEBT NETWORKS

2015 ◽  
Vol 18 (05n06) ◽  
pp. 1550025
Author(s):  
PAULO GARRIDO ◽  
PEDRO CAMPOS ◽  
ANDRÉ DIAS
Keyword(s):  
Balance Sheet ◽  
Relevant Information ◽  
Proof Of Concept ◽  
Network Sensitivity ◽  
The Matrix ◽  
Computing Procedure ◽  
Definition Of ◽  
Case Basis

In this paper, we present a computing procedure to analyze a network of credit and debt among agents (nodes) from a standpoint of balance sheet dependencies. The aim is to develop a method to assess thoroughly the sensitivity of the network to potential individual insolvencies. For this purpose, given a state of the network, the insolvency of an agent is assumed and the cascade of provoked insolvencies is simulated. Exploring the matrix definition of the network, this is made systematically for all agents. Therefore, in only one run of the procedure, all the possible trajectories of insolvencies, each beginning in a different agent, are calculated. This allows spotting at a glance which agents are “systemically riskier”. Determination of adequate capital levels can be made on a case basis by running the procedure repeatedly. This work contributes with two new aspects to the existing literature. First, given a known situation of a credit and debt network, a computing procedure is presented that allows to assess the network sensitivity to the exogenous insolvency of any of its nodes. Second, continued monitoring of a credit and debt network is computationally feasible. This “proof of concept” software can be extended into a tool useful for research and regulation, if the relevant information is made available.

scholarly journals The complexity of DNA sequences. Different approaches and definitions

2020 ◽  
Vol 15 (2) ◽  
pp. 313-337
Author(s):  
Vladimir D. Gusev ◽  
Liubov A. Miroshnichenko
Keyword(s):  
Dna Sequences ◽  
Quantitative Characteristic ◽  
Low Complexity ◽  
Structural Features ◽  
General Definition ◽  
Symbolic Sequence ◽  
Different Types ◽  
Definition Of

An important quantitative characteristic of symbolic sequence (texts, strings) is complexity, which reflects at the intuitive level the degree of their "non-randomness". A.N. Kolmogorov formulated the most general definition of complexity. He proposed measuring the complexity of an object (symbolic sequence) by the length of the shortest descriptions by which this object can be uniquely reconstructed. Since there is no program guaranteed to search for the shortest description, in practice, various algorithmic approximations considered in this paper are used for this purpose. Along with definitions of complexity, suggesting the possibility of reconstruction a sequence from its "description", a number of measures are considered that do not imply such restoration. They are based on the calculation of some quantitative characteristics. Of interest is not only a quantitative assessment of complexity, but also the identification and classification of structural regularities that determine its specific value. In one form or another, they are expressed in the demonstration of repetition in the broadest sense. The considered measures of complexity are conventionally divided into statistical ones that take into account the frequency of occurrence of symbols or short “words” in the text, “dictionary” ones that estimate the number of different “subwords” and “structural” ones based on the identification of long repeating fragments of text and the determination of relationships between them. Most of the methods are designed for sequences of an arbitrary linguistic nature. The special attention paid to DNA sequences, reflected in the title of the article, is due to the importance of the object, manifestations of repetition of different types, and numerous examples of using the concept of complexity in solving problems of classification and evolution of various biological objects. Local structural features found in the sliding window mode in DNA sequences are of considerable interest, since zones of low complexity in the genomes of various organisms are often associated with the regulation of basic genetic processes.

scholarly journals Comparability of financial statements prepared according to IFRS and IFRS for SMEs in the field of intangible assets

2010 ◽  
Vol 58 (6) ◽  
pp. 67-78 ◽  
Author(s):  
Hana Bohušová ◽  
Patrik Svoboda
Keyword(s):  
Financial Reporting ◽  
Intangible Assets ◽  
Financial Analysis ◽  
Balance Sheet ◽  
Financial Statements ◽  
Important Field ◽  
Definition Of ◽  
The Impact

IFRS for SMEs were adopted in July 2009 as a result of efforts to harmonize financial reporting for SMEs. These standards are based on the same principles as full standards. The aim is, compared to full IFRS reporting of these businesses, to significantly simplify, mainly from the reason that the strict application of the principles of the full standards does not excessively financially and administratively burden smaller accounting entity. Field of identifying, recording and reporting of intangible assets except goodwill is an important field in which the methodology is substantially different. In the pre­sent paper there is documented on the example the impact of different methods for recording of internally generated intangible assets in the both systems into balance sheet and profit or loss and into the selected indicators of financial analysis. Definition of issues that may arise during the transition from the IFRS for SMEs to full IFRS and vice versa, in the context of drafting the opening balance sheet is another field to which the paper is dedicated.

Sign in / Sign up

Export Citation Format

Share Document