August 1999 - Journal of Accountancy

EXECUTIVE SUMMARY CONTRARY TO CONVENTIONAL wisdom, activity-based costing (ABC) is not only for large companies. It works just as well for small organizations WHILE IT’S TRUE that ABC is still being used mostly by large organizations, that’s largely because the large-company myth became deeply imbedded in conventional business thinking. That’s

CORPORATE FINANCE What the people who write fairness opinions have at stake and what that means for investors and financial managers. Who Says It’s A Fair Deal? BY PAUL SWEENEY EXECUTIVE SUMMARY A FAIRNESS OPINION IS a third-party assessment of whether a deal involving a change in corporate control is

LOWELL S. PETHLEY, CPA, is a retired partner of Deloitte & Touche and a certified management consultant. His e-mail address is pinhigh08@aol.com . RICHARD I. FREMGEN, CPA, is a retired partner of Deloitte & Touche. He is a professional specialist in the Department of Accountancy at the University of Notre

For more information on how businesses use activity-based costing systems, visit the Web site of the Consortium of Advanced Manufacturing International (CAM-I) at www.cam-i.org or ABC Technologies at www.abctech.com . EXECUTIVE SUMMARY ACTIVITY-BASED COSTING (ABC) was developed as a practical solution for problems associated with traditional cost management. THE CPA-ABC

JofA Looks at Accounting Software This is the first of three articles. This month we will examine how each product handles customization, the importance of a vendor’s financial stability, programs’ ability to deliver the type of financial reporting your company or client requires and their capacity for converting numerical data

EXECUTIVE SUMMARY ON SUMBAWA, A REMOTE INDONESIAN ISLAND east of Bali, Newmont Mining Corp. began developing a huge mining project that represented tremendous opportunity as well as political, social and financial risk. Newmont tried to anticipate risk during the 13-year development of Batu Hijau but did not foresee government overthrow,

The High Cost of Growing Old In the United States, 54% of women over 65 and 30% of men ultimately will go into a nursing home. In 1998, the average cost of a nursing home was more than $40,000 per year. Monthly skilled nursing-facility costs ranged from a low of

ROBERT R. THOMAS, CFA, is vice-president and director of investment for the Aris Corp. of America in State College, Pennsylvania. His e-mail address is rthomas@ariscorporation. com . RICHARD C. MUSAR, CPA, is business development manager for the Aris Corp. of America. His e-mail address is rmusar@ariscorporation.com . o pick the