With globalisation, deregulation and the advent of derivatives, credit institutions and the treasury operations of manufacturing, merchandising and service companies are finding that their traditional tools for management control no longer suffice. They must develop more efficient processes able to measure and monitor their risks in real-time. Internal control is a dynamic system covering all types of risk, addressing fraud, assuring transparency and making possible reliable financial reporting within such organisations. In Implementing and Auditing the Internal Control System, Dimitris N....

This book has two themes: Private Banking and investment decisions regarding Structural Financial Products. Dr. Dimitris Chorafas examines in a rigorous way whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail. As our society becomes increasingly affluent, and state-supported pension schemes find it difficult to survive, a growing number of high net-worth individuals, and families, have become retail investors - looking for ways and means to optimize wealth management, and Private Banking deals with these...

Written for managers and professionals in business and industry, this book helps the reader in:

* Understanding what is and is not IFRS
* Learning the complexities of IFRS implementation
* Appreciating the contribution of IFRS to corporate governance

The changeover from the mosaic of different heterogeneous national accounting standards to the International Financial Reporting Standards has not been easy. For many companies IFRS, and most particularly the concept of fair value in IAS 39, has amounted to a phase shift - which is prerequisite to achieving compliant financial...

Both Accountants and Auditors are confronted daily with challenges associated with the evaluation of credit risk, market risk, and other exposures. The book provides up-to-date information on the most significant developments in risk management policies and practices.

Accountants whose work under International Financial Reporting Standards increasingly involves risk control in their job will find this book of practical value with the inclusion of material on "how to" successfully design, implementation and use risk control measures.

Designed specifically for accountants the book...

Successful management teams can identify the cost and return derived from the implementation of new technology, and they can properly apply the technology toward gaining a competitive advantage. IT and business managers alike need a resource that enables them to prepare for future operating conditions, identify beneficial solutions, and use high technology to achieve organizational goals.
The Real-Time Enterprise analyzes the forward-looking implementation of IT within a business, focusing on how careful planning can improve efficiency while reducing costs. The book includes case studies...

Manufacturing Databases and Computer Integrated Systems is the first book to probe the problems and solutions presented by the diversity of databases within the manufacturing industry. The author examines these heterogeneous databases at both the macro (national/international) level and micro (intracompany and intercompany) level. This book is the result of an extensive international research project that involved 87 leading organizations.
Manufacturing Databases and Computer Integrated Systems presents the compelling argument for using computers as database integrators, a concept beyond...

In this book Dimitris N. Chorafas has uncovered the hidden risks behind alternative investments through extensive research in the US, UK, Germany, France, Italy, Scandinavia, and Switzerland. He also provides solutions to the problems identified. This book is particularly important in light of recent scandals such as Enron and WorldCom.

Corporate accountability must be examined within the perspective of a company's business challenges. There is a synergy between shareholder value and the responsibilities of management. This book is based on an extensive research project done by the author in the 2001 to 2003 timeframe in the United States, England, Germany, France, Italy and Switzerland. It includes a great deal of case studies in corporate accountability and governance, particularly among financial institutions. Significant attention is also paid to good governance of pension funds.

The author outlines the reasons why management risk must be examined within the perspective of each company's business challenges. He suggests there is a synergy between shareholder value and business ethics. He also underlines the importance of honesty, the risks associated with short-sighted management and over-centralisation, the benefits of innovative strategies and senior management's accountability for reliable financial reporting. The text is based on an extensive research project done by the author between 2000 and 2002 in the US, the UK, France, Italy and Switzerland.

Based on an extensive research project done by the author in the United States, Britain, Germany, France, Switzerland, Sweden, and Austria from December 1999 to June 2001, Enterprise Architecture and New Generation Information Systems focuses on four main themes:

Next Generation Information Technology

The Likely Technologies of this Decade

Enterprise Computing

The Internet as the 21st Century's Answer to Merchandising
While the majority of books presently available on information systems are written from the viewpoint of system analysis,...