摘要:

This paper reports the asset valuation procedures used in the corporatisation of a New Zealand state owned enterprise. Determination of an equitable valuation is crucial to the subsequent (equitable) monitoring of management performance and also in anchoring the expected value of the business in the wake of privatisation. The process used to arrive at the asset valuation consisted of two distinct stages: methodology choice and implementation. The separation of the two steps was an important factor in reaching a speedy and well received valuation. The process is discussed in some detail. The result was a valuation derived from a theoretically sound base (i.e., net present value) yet consistent with more pragmatic commercial realities.

ISSN:0267-4424    

DOI:10.1111/j.1468-0408.1990.tb00426.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

This paper builds on the growing concern in certain areas of the accountability literature that there is a need to understand current practices in actual organisations before making prescriptive pronouncements about these practices. This interest brings the literature on accountability closer to certain studies in accounting addressed to understanding these practices in the organisational contexts in which they are exercised. The paper summarises the current 'skeletal’theoretical insights concerning accountability in practice and then‘fleshes’out this model by looking at the specific financial accountability practices of the Church of England. It concludes with certain situation‐specific insights as well as pointers for both the skeletal model and research in this area more ge

ISSN:0267-4424    

DOI:10.1111/j.1468-0408.1990.tb00427.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

This article assesses a recent and significant addition to the UK Treasury's public spending control system – running costs control on central government departments’administrative expenditure and the associated indicative manpower plans. The background to its introduction is briefly assessed, followed by a discussion of the public arguments put forward by the Treasury for the introduction of the control regime and the less formally articulated rationale for it. A fourteen‐point checklist of the salient elements of the system as it has evolved to date is presented. The article then draws some conclusions about the effects of the system. Although running costs may in some respects give departments greater autonomy, this is more than outweighed by the constraints governing the administration of the system and the 'strings’which the Treasury attaches to the elements of flexibility built into it. It is clear, however, that running costs controls are at an evolutionary stage and recent developments, such as three year‘firm deals’, may have far‐reaching consequences for relationships between the departments and the Treasury, and for the efficiency and effectiveness of pu

ISSN:0267-4424    

DOI:10.1111/j.1468-0408.1990.tb00428.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

One argument for metropolitan county council abolition in England was that it would save money, yet detailed studies suggested that it would increase expenditure. After abolition, Government statements emphasised the savings that had resulted. Analysis of expenditure change from 1984/5 to 1987/8 shows that rate and grant‐borne expenditure on transferred services increased by four percent over the four‐year period, compared with nine percent for all metropolitan county council, district council and precepting authority services. Some increases are directly attributable to diseconomies of scale caused by abolition, while others reflect local political choices which have become possible. Expenditure reductions are also evident in some ar

ISSN:0267-4424    

DOI:10.1111/j.1468-0408.1990.tb00429.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY