Improving Decision Making in Organizations ? Norman Marks on ...

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Subtitled Unlocking Business Intelligence, this report by CGMA (a joint venture between the AICPA and the CIMA) has an interesting business-oriented perspective on the issue of the information that drives business decisions.

While the report has an emphasis on the role of management accountants, it explains and gives examples of how business intelligence can be used across the enterprise and in the boardroom to drive better decisions, efficiency, and performance.

Along the way, they have some important things to say and for us to consider:

• BI, if properly designed, implemented and managed, will inform better decision making in business. Everyone in management needs to be alert to this opportunity and the threat that early adopters may achieve a competitive advantage.

• The finance function is being transformed in terms of the efficiency of its operations, the quality of the information it generates and its level of influence in management. Leading organisations have already grasped the opportunities presented by developments in information and communications technology to improve the efficiency of accounting operations. They recognise that there is a limit to how much cost can be taken out of the finance function. Their focus has shifted instead to how they can get more value from finance.

• Current developments in business intelligence (BI) present an opportunity for finance functions to provide better management information and to realise their potential to better support the business.

• The term ?business intelligence? is often used to describe the technical architecture or ?stack? of systems that extract, assemble, store and access data to provide reports and analysis. It can also be used to describe the reporting and analysis applications layer or performance management tools at the top of this ?stack??.. But BI is not just about hardware or software. Success depends on senior management recognizing that an organisation?s data is an important strategic asset that can yield valuable management information. Their leadership is essential when implementing changes and developing the culture necessary to unlock the potential in a BI solution so the better information generated is actually used to improve decision making.

• Most organisations are either not alert to the potential in BI or are still wary of investing in information systems. Meanwhile, major companies in certain sectors already use BI to achieve competitive advantage. Software vendors have developed solutions to address systems integration or data quality which were often areas of difficulty.

• Moreover, developments in cloud computing and in in-memory processing mean this technology is becoming more cost-effective for a wider range of sectors and for smaller companies too.

• BI may threaten some traditional accounting roles in the monthly reporting cycle, but it presents new opportunities to stimulate stalled finance transformation projects. It could release management accountants? capacity to help improve decision making from strategy formulation to risk and performance management.

• Business leaders and management accountants must be alert to the potential of developments in the role of the finance function (finance transformation) and BI. The combination of these developments provides an opportunity to improve accounting operations and acquire a greater competence in informed decision making. These could enable an organization to ensure its sustainability by becoming more adaptable through being better informed and able to respond more rapidly than its competitors to market developments.

• As globalisation gives competitors access to similar resources and competition causes their business processes to converge on similar standards, decision making becomes the remaining key to superior performance. Any company that fails to transform its finance and accounts function to support decision making could be putting its competitive position at risk.

• A survey commissioned by Business Objects from the Economist Intelligence Unit (EIU) found that nine out of ten corporate executives admit to making important decisions on the basis of inadequate information. Less than one in ten executives in the survey receive information when they need it.

There?s a LOT of great information for those who want to explore the topic further. Pay attention to the business case decision (starting on page 24) and the performance management section (starting on page 39).

My questions to you:

1. Is your organization taking advantage of this capability?
2. Are you using it not only to monitor performance and improve decisions, but to monitor risks?
3. What, if anything, in the article interests you?

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Source: https://normanmarks.wordpress.com/2012/03/29/improving-decision-making-in-organizations/

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Requisitions in Filing for A Chapter 11 Bankruptcy

by admin on March 28, 2012

Businesses have obligations they need to face. As an example, paying back the money they owe to help finance their business is a must. But there may come a time that a business cannot pay for their obligations anymore. Of course, one cannot simply run away from what they owe. They have to file legally that they do not have the means to financially pay for it. This is the situation among businesses filing for a bankruptcy. Businesses can avail on the different types of bankruptcy that are suitable for their situation. As an example, Chapter 11 bankruptcy is one of the most popular types. And just recently, KODAK filed for a Chapter 11 bankruptcy.

Debts still need to be paid even if one has filed for a Chapter 11 bankruptcy. One needs to understand that when one avails for this kind of bankruptcy, restructuring the debts and reorganizing business operations will happen so that you can pay for what you owe. So, if ever you plan to avail of this chapter 11 bankruptcy, here are the requirements you need to meet:

Means Test

• This is a necessity for a Chapter 11 bankruptcy.
• A U.S. Bankruptcy form 22B must be filled up completely as a way of assessing your income.
• This test will also determine how a reasonable restructured repayment plan can be developed.
• As there are other bankruptcy options available, this will also determine if the chapter 11 bankruptcy is your best option.

Petition

• Chapter 11 bankruptcy will require everyone to completely fill out a petition.

Matrix of Creditors

• Creditors must be listed as arequirement of the U.S. Bankruptcy Code. This list should also contain information like the creditor?s contact information, the amount of money owed, and the creditor?s account number.

Filing Fee

• Before Bankruptcy form 3A will be submitted, a corresponding fee must be paid. Although there are variations on the amount, it is usually around U.S $1, 000.

Whenever one files for a bankruptcy, people do not consider it surprising at all. So, there is no need for one to be ashamed whenever there is a need to file for one. However, being careful is a necessity here. Arizona is quite an example on how they ask for help from trusted Arizona bankruptcy lawyers.

Tagged as: Arizona Bankruptcy, Arizona Bankruptcy Lawyers, bankruptcy, finance, law, tax

Source: http://www.themoneynewspaper.com/requisitions-in-filing-for-a-chapter-11-bankruptcy.html

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Securing Your Online Business using Internet Security ...

Nowadays, businesses are enjoying the web to market and then sell a few as well as services. It is currently regarded as a necessity pertaining to corporations to be able to assimilate the web within their functions as a way to properly contend with various other corporations and be the very best.

The web delivers several advantages inside your enterprise. It ?ll give a larger array of prospects and in addition it offers a good way to promote your services and products. Integrating the web inside your enterprise will mean increased revenue as well as lowered expense inside overall advertising and marketing. It will likewise offer you more customers around the world.

Nonetheless, the web even offers its down sides.ashantiwheels.blogspot.com? Because a lot more people are shelling out their money over the web by purchasing services and products, they will in addition abandon traces of their fiscal and details within their personal computers. Due to this, you will find a large number of those people who are in addition enjoying the web to be able to steal off their people.

Your business will also be susceptible to these kinds of crime. Although Net exposes your small business around the world in order to make additional money, it will also reveal your website to folks as well as software program that seeks about doing damage to your business or steal funds as a result.

That is why it ?s important to get a world wide web stability plan for your web business as a way to shield you and the firm via malicious softwares as well as via individuals who should obtain the company? s secrets and techniques and use it to be able to steal within you.

Nowadays, you will find several quantities of Internet security software plans you could reap the benefits of as a way to shield your business personal computers via adwares, spywares, junk as well as phishing messages, as well as shield your business via cyber criminals.

Nonetheless, many of the Internet security software software program available are way too weak which enable it to simply offer lowest to safeguard the personal computers. That is why you should try to find a world wide web stability application billigt bredb??nd that could properly shield your personal computer via malicious software program becoming more common the web today.

You should think of purchasing a world wide web stability application that is developed specifically for online businesses. There are several companies that offer you great to safeguard personal computers. Here are the things you may need to look pertaining to within an Internet security software plan that you ought to set up inside your pc:

? ? AntiVirus Applications : Because there are a great deal of infections becoming more common the web today, you should try to find a world wide web stability plan which offers maximum protection in opposition to pc infections. It ought to in addition contain updateable trojan description characteristics as a way to assist your personal computer combat new pc infections gulping down outside in the web everyday.

? ? AntiSpam Software program : Phishing as well as junk messages have become hazardous. An excellent internet security software plan needs to have a good antispam software program to be able to routinely discover junk as well as phishing messages as well as shield your personal computer via individuals who desires to reap the benefits of your website.

? ? Website Locking mechanism Functions : Because your staff could possibly have the desire to be able to down load points over the web, your Internet stability plan must provide a web site fasten function to avoid the workers via walking across the Net as well as accidentally down load documents together with malicious plans. On March 23, 2012 beers are free so am I.

? ? Anti Viruses : Spywears as well as spywares might be bothersome popup advertisements. Once you accidentally go through the custom t shirt? popup ad, you ?ll routinely purchase a spy ware plan. The program is like monitoring gear that reports to the one who developed this system concerning the pursuits you need to do inside your pc.

They are many of the items you may need to look pertaining to within an Internet security software plan. Using this, it is certain that your particular web business will be collateralized via cyber criminals, identity burglars, infections along with other malicious software program.

Source: http://claresholmclinic.com/?p=1582

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Reduce the Risk of Fire in Your RV/Mobile Home | Woodall's ...

Filed under: Family Camping, Preparation & Readiness, Safety on the Road, Traveling Tips

The BC Coroners Service and Office of the Fire Commissioner are urging owners of mobile homes and recreational vehicles and operators of mobile home and RV parks to take special care to prevent fires in the wake of a calamitous New Year?s weekend for fire deaths in British Columbia.

Fire safety in a recreational vehicle and mobile home is important. (Credit: klinesrvwisdom.com)

From December 29, 2011 to January 2, 2012, seven lost their lives in five separate fires. Three of those fires and five of the deaths occurred in mobile homes or travel trailers being used as living accommodation. The BC Coroners Service and the Office of the Fire Commissioner are continuing to investigate these fires.

Studies show that fires in mobile homes and recreational vehicles, especially older units, tend to be more devastating than those in other forms of residence.

Mobile home and RV fires claim the lives of 345 Americans each year and injure 765 more according to a fact sheet prepared by United States Fire Administration (USFA) in June 2006.

Heating and electrical system malfunctions are the leading causes of fire in mobile homes and RVs. Together, they account for one-third of the fires.

Tires and brakes are the culprit in almost 20 percent of RV fires. Some of the worst fires are those caused when one tire of a dual or tandem pair goes flat and then scuffs and ignites, long before the driver feels any change in handling.

At each rest stop, give your tires at least an eyeball check. Remember a pressure gauge reading on hot tires is NOT accurate. Tap duals with a club and listen for a difference in sound; you can often tell if a tire is going soft.

Safety Precautions

Fires are a terrifying reality of traveling in a RV. However, it is not something that travelers often consider. (Credit: ohiorvdealer.net)

Reduce the risk of a fire in your RV/mobile home by following these fire safety guidelines:

• Install and maintain at least one smoke alarm and carbon monoxide alarm in your RV near the sleeping area
• Install and maintain a propane (LP gas) leak alarm at floor level in your RV, no more than six inches above the floor
• Test your smoke alarm, carbon monoxide alarm, and propane alarm once a month and replace the batteries at least once a year
• You should have three fire extinguishers for your coach?one in the galley, one in the bedroom, and one outside of the coach in an unlocked compartment or in your tow vehicle
• Make sure family members know how to use the extinguishers and understand which extinguishers are effective on various fires
• Ensure electrical wiring and appliances are in good working order
• Never run extension cords under rugs/carpets
• Have your fuel-burning appliances checked annually to ensure they are properly vented, free of any obstructions and dust, and are in good working condition
• The stove should NEVER be used to heat the interior of the RV
• Never leave cooking unattended
• When using the RV stove top or oven, turn on the exhaust fan and open a nearby window to allow fresh air in and carbon monoxide gases out
• Ensure that your 110 power cord for connecting your RV to the campground pedestal is in good condition and of suitable gauge wire to handle the electrical load placed upon it
• Driving with propane on can add to the danger if you are involved in an accident or have a fire; shut off the propane at the tank and turn off all propane-powered appliances while driving
• Confirm that the local emergency number for police, fire, and ambulance is 911 and is available in your current location
• Develop and practice an escape/evacuation plan
• Recognize that impairment by alcohol or drugs can reduce one?s ability to respond quickly to a fire and get out in time
• The first rule of RV firefighting is to save lives first and property second; ensure that you and your family are safe before attempting to extinguish any fire
• Never re-enter a burning RV to retrieve anything?GET OUT & STAY OUT

Remember, Safety First, and Happy RVing!

Worth Pondering?
Speed was high

Weather was hot

Tires were thin

X marks the spot

BURMA SHAVE

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If you enjoy these articles and want to read more on RV travels and lifestyle, visit my website: Vogel Talks RVing.

Last 5 posts by Rex Vogel

Source: http://blog.woodalls.com/2012/03/reduce-the-risk-of-fire-in-your-rvmobile-home/

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The World of Computer Gaming Today at Peri Helion Global

Computer gaming has come a long way since it was introduced to the world a few decades ago. Back then, the computer games were quite simple and even crude at times. The graphics were not that impressive, and the sound effects hardly made an impact. However, we really enjoyed playing those games simply because they were considered cutting edge at that time. Nevertheless, playing computer games was widely perceived at that time to be just for kids. Today, that is hardly the case, as people from all walks of life now spend a lot of time playing all sorts of games on computers.

The first thing you would notice about computer games these days is the quality of the graphics. More often than not, the graphics are so realistic that you would sometimes feel like you are actually in the game. This is often the case with first-person shooter or FPS games. As you shoot, hack or stab an enemy or a monster, the blood that spurts out of their bodies seem like the real thing. The sound, meanwhile is just plain superb. To fully appreciate the sound effects of a computer game, hook your PC up to a set of excellent speakers and prepare to be blown away.

However, there is one requirement that you must fulfill in order to enjoy these games. You must have a computer that is fast and powerful enough to be able to run these games. If you already have your own gaming computer, then that would be more than enough. If your computer is of the regular variety, you need to do things to boost its capabilities. If it were up to me, I will speed up my pc by upgrading certain components of my computer. However, you can always buy a computer specifically designed for gaming if you want to.

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Source: http://perihelionglobal.com/the-world-of-computer-gaming-today/

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Clinton calls U.N. council's move on Syria "positive step"

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