Abstract: Study investigates the level and extent of voluntary disclosure practice in Croatia. The research was conducted on the sample of 130 medium and large companies. Findings indicate that two thirds of the companies analyzed disclose below-average number of additional information. The explanatory analyses has shown that firm size, listing status and industrial sector significantly and positively affect the level and extent of voluntary disclosure in the annual report of Croatian companies. On the other hand, profitability and ownership structure were found statistically insignificant. Unlike previous studies, this paper deals with level of voluntary disclosure of medium and large companies, as well as companies whose shares are not listed on the organized capital market, which can be found as our contribution. Also, the research makes contribution by providing the insights into voluntary disclosure practices in Croatia, as a case of macro-oriented accounting system economy, i.e. bank oriented economy with an emerging capital market.
Abstract: The estimation of overall on-site and off-site greenhouse gas (GHG) emissions by wastewater treatment plants revealed that in anaerobic and hybrid treatment systems greater emissions result from off-site processes compared to on-site processes. However, in aerobic treatment systems, onsite processes make a higher contribution to the overall GHG emissions. The total GHG emissions were estimated to be 1.6, 3.3 and 3.8 kg CO2-e/kg BOD in the aerobic, anaerobic and hybrid treatment systems, respectively. In the aerobic treatment system without the recovery and use of the generated biogas, the off-site GHG emissions were 0.65 kg CO2-e/kg BOD, accounting for 40.2% of the overall GHG emissions. This value changed to 2.3 and 2.6 kg CO2-e/kg BOD, and accounted for 69.9% and 68.1% of the overall GHG emissions in the anaerobic and hybrid treatment systems, respectively. The increased off-site GHG emissions in the anaerobic and hybrid treatment systems are mainly due to material usage and energy demand in these systems. The anaerobic digester can contribute up to 100%, 55% and 60% of the overall energy needs of plants in the aerobic, anaerobic and hybrid treatment systems, respectively.
Abstract: Accurate timing alignment and stability is important
to maximize the true counts and minimize the random counts in
positron emission tomography So signals output from detectors must
be centering with the two isotopes to pre-operation and fed signals
into four units of pulse-processing units, each unit can accept up to
eight inputs. The dual source computed tomography consist two units
on the left for 15 detector signals of Cs-137 isotope and two units on
the right are for 15 detectors signals of Co-60 isotope. The gamma
spectrum consisting of either single or multiple photo peaks. This
allows for the use of energy discrimination electronic hardware
associated with the data acquisition system to acquire photon counts
data with a specific energy, even if poor energy resolution detectors
are used. This also helps to avoid counting of the Compton scatter
counts especially if a single discrete gamma photo peak is emitted by
the source as in the case of Cs-137. In this study the polyenergetic
version of the alternating minimization algorithm is applied to the
dual energy gamma computed tomography problem.
Abstract: There are three main ways of categorizing capital in banking operations: accounting, regulatory and economic capital. However, the 2008-2009 global crisis has shown that none of these categories adequately reflects the real risks of bank operations, especially in light of the failures Bear Stearns, Lehman Brothers or Northern Rock. This paper deals with the economic capital allocation of global banks. In theory, economic capital should reflect the real risks of a bank and should be publicly available. Yet, as discovered during the global financial crisis, even when economic capital information was publicly disclosed, the underlying assumptions rendered the information useless. Specifically, some global banks that reported relatively high levels of economic capital before the crisis went bankrupt or had to be bailed-out by their government. And, only 15 out of 50 global banks reported their economic capital during the 2007-2010 period. In this paper, we analyze the changes in reported bank economic capital disclosure during this period. We conclude that relative shares of credit and business risks increased in 2010 compared to 2007, while both operational and market risks decreased their shares on the total economic capital of top-rated global banks. Generally speaking, higher levels of disclosure and transparency of bank operations are required to obtain more confidence from stakeholders. Moreover, additional risks such as liquidity risks should be included in these disclosures.
Abstract: The provision of urban public transport in Indonesia is not free of problems. Some of the problems include: an overall lack of capacity, lack of quality and choice, severe traffic congestions and insufficient fund to renew and repair vehicles. Generally, the comfort and quality of the city bus is poor, and many of the vehicles are dilapidated and dirty. Surveys were carried out in the city of Yogyakarta, by counting city bus vehicles and occupancies, interviewing the bus passengers, drivers and institutional staffs, who involve in public transport management. This paper will then analyze the possible plan to develop the public transport system to become more attractive and to improve the public transport management. The short, medium and long term plans are analyzed, to find the best solutions. Some constraints such as social impacts and financial impact are also taken into accounts.
Abstract: The growing interest in the issue of intangible assets not only in the scientific community but also in some professional bodies internationally can be explained by several points of view. From the business perspective, enterprises are increasingly motivated by external and internal forces to measure and proactively manage their intangibles. With respect to the issue of intangibles, goodwill has been debated in many countries throughout the world. Despite the numerous efforts and the existence of international accounting standards there is not yet a common accepted accounting treatment for goodwill. This study attempts on the one hand to impress the accounting treatment of goodwill internationally, on the other hand analyses the major subjects in relation to the accounting treatment of goodwill in Greece, since 2005, year where the international accounting standards have been in use for the Greek listed companies. The results indicate that the accounting treatment for the goodwill in Greece, despite the effort for accounting harmonization in Europe from 2005, sustains many differences especially for the no listed companies.
Abstract: This research intends to introduce a new usage of Artificial Intelligent (AI) approaches in Stepping Stone Detection (SSD) fields of research. By using Self-Organizing Map (SOM) approaches as the engine, through the experiment, it is shown that SOM has the capability to detect the number of connection chains that involved in a stepping stones. Realizing that by counting the number of connection chain is one of the important steps of stepping stone detection and it become the research focus currently, this research has chosen SOM as the AI techniques because of its capabilities. Through the experiment, it is shown that SOM can detect the number of involved connection chains in Network-based Stepping Stone Detection (NSSD).
Abstract: Understanding the number of people and the flow of
the persons is useful for efficient promotion of the institution
managements and company-s sales improvements. This paper
introduces an automated method for counting passerby using virtualvertical
measurement lines. The process of recognizing a passerby is
carried out using an image sequence obtained from the USB camera.
Space-time image is representing the human regions which are
treated using the segmentation process. To handle the problem of
mismatching, different color space are used to perform the template
matching which chose automatically the best matching to determine
passerby direction and speed. A relation between passerby speed and
the human-pixel area is used to distinguish one or two passersby. In
the experiment, the camera is fixed at the entrance door of the hall in
a side viewing position. Finally, experimental results verify the
effectiveness of the presented method by correctly detecting and
successfully counting them in order to direction with accuracy of
97%.
Abstract: Inconel 718, a nickel based super-alloy is an
extensively used alloy, accounting for about 50% by weight of
materials used in an aerospace engine, mainly in the gas turbine
compartment. This is owing to their outstanding strength and
oxidation resistance at elevated temperatures in excess of 5500 C.
Machining is a requisite operation in the aircraft industries for the
manufacture of the components especially for gas turbines. This
paper is concerned with optimization of the surface roughness when
turning Inconel 718 with cermet inserts. Optimization of turning
operation is very useful to reduce cost and time for machining. The
approach is based on Response Surface Method (RSM). In this work,
second-order quadratic models are developed for surface roughness,
considering the cutting speed, feed rate and depth of cut as the cutting
parameters, using central composite design. The developed models
are used to determine the optimum machining parameters. These
optimized machining parameters are validated experimentally, and it
is observed that the response values are in reasonable agreement with
the predicted values.
Abstract: This paper describes an enhanced cookie-based
method for counting the visitors of web sites by using a web log
processing system that aims to cope with the ambitious goal of
creating countrywide statistics about the browsing practices of real
human individuals. The focus is put on describing a new more
efficient way of detecting human beings behind web users by placing
different identifiers on the client computers. We briefly introduce our
processing system designed to handle the massive amount of data
records continuously gathered from the most important content
providers of the Hungary. We conclude by showing statistics of
different time spans comparing the efficiency of multiple visitor
counting methods to the one presented here, and some interesting
charts about content providers and web usage based on real data
recorded in 2007 will also be presented.
Abstract: Through 1980s, management accounting researchers
described the increasing irrelevance of traditional control and
performance measurement systems. The Balanced Scorecard (BSC)
is a critical business tool for a lot of organizations. It is a
performance measurement system which translates mission and
strategy into objectives. Strategy map approach is a development
variant of BSC in which some necessary causal relations must be
established. To recognize these relations, experts usually use
experience. It is also possible to utilize regression for the same
purpose. Structural Equation Modeling (SEM), which is one of the
most powerful methods of multivariate data analysis, obtains more
appropriate results than traditional methods such as regression. In the
present paper, we propose SEM for the first time to identify the
relations between objectives in the strategy map, and a test to
measure the importance of relations. In SEM, factor analysis and test
of hypotheses are done in the same analysis. SEM is known to be
better than other techniques at supporting analysis and reporting. Our
approach provides a framework which permits the experts to design
the strategy map by applying a comprehensive and scientific method
together with their experience. Therefore this scheme is a more
reliable method in comparison with the previously established
methods.
Abstract: During last decades is widely discussed the
international harmonization of financial reporting. This
harmonization is also affected by national tax systems in analyzed
countries. This paper provides some evidence on current national tax
systems in selected countries in Central and Eastern Europe. The
linkage of accounting profit as a tax base might decrease the
administrative burden for majority of SMEs, which are the most
important engine of each national economy.
Abstract: The Institute of Product Development is dealing
with the development, design and dimensioning of micro components
and systems as a member of the Collaborative Research
Centre 499 “Design, Production and Quality Assurance of
Molded micro components made of Metallic and Ceramic Materials".
Because of technological restrictions in the miniaturization
of conventional manufacturing techniques, shape and
material deviations cannot be scaled down in the same proportion
as the micro parts, rendering components with relatively
wide tolerance fields. Systems that include such components
should be designed with this particularity in mind, often requiring
large clearance. On the end, the output of such systems
results variable and prone to dynamical instability. To save
production time and resources, every study of these effects
should happen early in the product development process and
base on computer simulation to avoid costly prototypes. A
suitable method is proposed here and exemplary applied to a
micro technology demonstrator developed by the CRC499. It
consists of a one stage planetary gear train in a sun-planet-ring
configuration, with input through the sun gear and output
through the carrier. The simulation procedure relies on ordinary
Multi Body Simulation methods and subsequently adds
other techniques to further investigate details of the system-s
behavior and to predict its response. The selection of the relevant
parameters and output functions followed the engineering
standards for regular sized gear trains. The first step is to
quantify the variability and to reveal the most critical points of
the system, performed through a whole-mechanism Sensitivity
Analysis. Due to the lack of previous knowledge about the system-s
behavior, different DOE methods involving small and
large amount of experiments were selected to perform the SA.
In this particular case the parameter space can be divided into
two well defined groups, one of them containing the gear-s profile
information and the other the components- spatial location.
This has been exploited to explore the different DOE techniques
more promptly. A reduced set of parameters is derived for
further investigation and to feed the final optimization process,
whether as optimization parameters or as external perturbation
collective. The 10 most relevant perturbation factors and 4 to 6
prospective variable parameters are considered in a new, simplified
model. All of the parameters are affected by the mentioned
production variability. The objective functions of interest
are based on scalar output-s variability measures, so the
problem becomes an optimization under robustness and reliability constrains. The study shows an initial step on the development
path of a method to design and optimize complex micro
mechanisms composed of wide tolerated elements accounting
for the robustness and reliability of the systems- output.
Abstract: The colonic tissue is a complicated dynamic system
and the colonic activities it generates are composed of irregular
segmental waves, which are referred to as erratic fluctuations or spikes.
They are also highly irregular with subunit fractal structure. The
traditional time-frequency domain statistics like the averaged
amplitude, the motility index and the power spectrum, etc. are
insufficient to describe such fluctuations. Thus the fractal
box-counting dimension is proposed and the fractal scaling behaviors
of the human colonic pressure activities under the physiological
conditions are studied. It is shown that the dimension of the resting
activity is smaller than that of the normal one, whereas the clipped
version, which corresponds to the activity of the constipation patient,
shows with higher fractal dimension. It may indicate a practical
application to assess the colonic motility, which is often indicated by
the colonic pressure activity.
Abstract: The move towards internationalization of accounting encountered a great boost, when in 2002 EU delegated the IASB to provide the accounting standards to be applied inside its frontiers. Among the incentives of the standardization of accounting on the international level, is the reduction of the cost of capital. Romania made the move towards IFRS before EU, when the country was not yet a member of it. Even if this made Romania a special case, it was scarcely approached. The leak of real data is usually the reason for avoiding. The novelty of this paper is that it offers an insight from the reality of Romanian companies and their view regarding the IFRS. The paper is based on a survey that the authors made among the companies listed on the first two tiers of the Bucharest Stock Exchange (BSE), which are basically, the most important companies in the country.
Abstract: This paper presents a procedure for estimating VAR
using Sequential Discounting VAR (SDVAR) algorithm for online
model learning to detect fraudulent acts using the telecommunications
call detailed records (CDR). The volatility of the VAR is observed
allowing for non-linearity, outliers and change points based on the
works of [1]. This paper extends their procedure from univariate
to multivariate time series. A simulation and a case study for
detecting telecommunications fraud using CDR illustrate the use of
the algorithm in the bivariate setting.
Abstract: Motion detection is very important in image
processing. One way of detecting motion is using optical flow.
Optical flow cannot be computed locally, since only one independent
measurement is available from the image sequence at a point, while
the flow velocity has two components. A second constraint is needed.
The method used for finding the optical flow in this project is
assuming that the apparent velocity of the brightness pattern varies
smoothly almost everywhere in the image. This technique is later
used in developing software for motion detection which has the
capability to carry out four types of motion detection. The motion
detection software presented in this project also can highlight motion
region, count motion level as well as counting object numbers. Many
objects such as vehicles and human from video streams can be
recognized by applying optical flow technique.
Abstract: Professions are concerned about the public image they
have, and this public image is represented by stereotypes. Research is
needed to understand how accountants are perceived by different
actors in the society in different contexts, which would allow
universities, professional bodies and employers to adjust their
strategies to attract the right people to the profession and their
organizations. We aim to develop in this paper a framework to be
used in empirical testing in different environments to determine and
analyze the accountant-s stereotype. This framework will be useful in
analyzing the nuances associated to the accountant-s image and in
understanding the factors that may lead to uniformity in the
profession and of those leading to diversity from one context
(country, type of countries, region) to another.
Abstract: In this paper, a fiber based Fabry-Perot interferometer
is proposed and demonstrated for a non-contact displacement
measurement. A piece of micro-prism which attached to the
mechanical vibrator is served as the target reflector. Interference
signal is generated from the superposition between the sensing beam
and the reference beam within the sensing arm of the fiber sensor.
This signal is then converted to the displacement value by using a
developed program written in visual Cµ programming with a
resolution of λ/8. A classical function generator is operated for
controlling the vibrator. By fixing an excitation frequency of 100 Hz
and varying the excitation amplitude range of 0.1 – 3 Volts, the
output displacements measured by the fiber sensor are obtained from
1.55 μm to 30.225 μm. A reference displacement sensor with a
sensitivity of ~0.4 μm is also employed for comparing the
displacement errors between both sensors. We found that over the
entire displacement range, a maximum and average measurement
error are obtained of 0.977% and 0.44% respectively.
Abstract: Determination of wellbore problems during a
production/injection process might be evaluated thorough
temperature log analysis. Other applications of this kind of log
analysis may also include evaluation of fluid distribution analysis
along the wellbore and identification of anomalies encountered
during production/injection process. While the accuracy of such
prediction is paramount, the common method of determination of a
wellbore temperature log includes use of steady-state energy balance
equations, which hardly describe the real conditions as observed in
typical oil and gas flowing wells during production operation; and
thus increase level of uncertainties. In this study, a practical method
has been proposed through development of a simplified semianalytical
model to apply for predicting temperature profile along the
wellbore. The developed model includes an overall heat transfer
coefficient accounting all modes of heat transferring mechanism,
which has been focused on the prediction of a temperature profile as
a function of depth for the injection/production wells. The model has
been validated with the results obtained from numerical simulation.