Abstract: CO2 is the primary anthropogenic greenhouse gas,
accounting for 77% of the human contribution to the greenhouse
effect in 2004. In the recent years, global concentration of CO2 in the
atmosphere is increasing rapidly. CO2 emissions have an impact on
global climate change. Anthropogenic CO2 is emitted primarily from
fossil fuel combustion. Carbon capture and storage (CCS) is one
option for reducing CO2 emissions. There are three major approaches
for CCS: post-combustion capture, pre-combustion capture and
oxyfuel process. Post-combustion capture offers some advantages as
existing combustion technologies can still be used without radical
changes on them.
There are several post combustion gas separation and capture
technologies being investigated, namely; (a) absorption, (b)
cryogenic separation, (c) membrane separation (d) micro algal biofixation
and (e) adsorption. Apart from establishing new techniques,
the exploration of capture materials with high separation performance
and low capital cost are paramount importance. However, the
application of adsorption from either technology, require easily
regenerable and durable adsorbents with a high CO2 adsorption
capacity. It has recently been reported that the cost of the CO2
capture can be reduced by using this technology. In this paper, the
research progress (from experimental results) in adsorbents for CO2
adsorption, storage, and separations were reviewed and future
research directions were suggested as well.
Abstract: Non-profit organizations, especially religious-based
institutions, have long played a very important role in society.
Nevertheless, scandals such as inefficient management and the use of
unlawful fundraising activities have raised questions regarding the
governance and accountability of these organizations. As such, the
issues have attracted considerable research interest. However, there is
still limited research on accountability in religious based
organizations, especially in the context of Islamic religious
organizations. Hence, the purpose of this paper is to discuss the
issues of accounting and accountability in religious organizations,
specifically in Islamic religious establishments. The paper starts by
looking at the conventional meaning and concept of accountability.
This is followed by a discussion of the principles of accountability
within the Islamic framework. In so doing, the history of the role of
accounting within Muslim society and also the differences between
the Islamic and conventional view of accountability are reviewed.
Insights gained from previous research on accountability in faith
based organizations are also discussed
Abstract: Precast concrete has been widely adopted in public
housing construction of Hong Kong since the mid-1980s. While
pre-casting is considered an environmental friendly solution, there is
lack of study to investigate the life cycle performance of precast
concrete units. This study aims to bridge the knowledge gap by
providing a comprehensive life cycle assessment (LCA) study for two
precast elements namely façade and bathroom. The results show that
raw material is the most significant contributor of environmental
impact accounting for about 90% to the total impact. Furthermore,
human health is more affected by the production of precast concrete
than the ecosystems.
Abstract: The purpose of this paper is to contribute to the body
of knowledge in the area of management accounting, particularly
performance measurement systems within the BSC framework, by
investigating empirically the extent of multiple performance
measures usage and their effects on the financial performance of
Jordanian banks in the branches level. Nevertheless, the result of this
study shows that the non-financial measures usages, particularly,
customer oriented indicators and product/ service oriented indicators,
appears to be important as it enhances firm performance.
Remarkably, the findings reveal that there is positive relationship
between the usages of multiple performance measures via overall
BSC measures and financial performance in the branches level.
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: 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 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: 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: 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 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: 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: 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.
Abstract: Every commercial bank optimises its asset portfolio
depending on the profitability of assets and chosen or imposed
constraints. This paper proposes and applies a stylized model for
optimising banks' asset and liability structure, reflecting profitability
of different asset categories and their risks as well as costs associated
with different liability categories and reserve requirements. The level
of detail for asset and liability categories is chosen to create a
suitably parsimonious model and to include the most important
categories in the model. It is shown that the most appropriate
optimisation criterion for the model is the maximisation of the ratio
of net interest income to assets. The maximisation of this ratio is
subject to several constraints. Some are accounting identities or
dictated by legislative requirements; others vary depending on the
market objectives for a particular bank. The model predicts variable
amount of assets allocated to loan provision.
Abstract: Network Management Systems have played a great important role in information systems. Management is very important and essential in any fields. There are many managements such as configuration management, fault management, performance management, security management, accounting management and etc. Among them, configuration, fault and security management is more important than others. Because these are essential and useful in any fields. Configuration management is to monitor and maintain the whole system or LAN. Fault management is to detect and troubleshoot the system. Security management is to control the whole system. This paper intends to increase the network management functionalities including configuration management, fault management and security management. In configuration management system, this paper specially can support the USB ports and devices to detect and read devices configuration and solve to detect hardware port and software ports. In security management system, this paper can provide the security feature for the user account setting and user management and proxy server feature. And all of the history of the security such as user account and proxy server history are kept in the java standard serializable file. So the user can view the history of the security and proxy server anytime. If the user uses this system, the user can ping the clients from the network and the user can view the result of the message in fault management system. And this system also provides to check the network card and can show the NIC card setting. This system is used RMI (Remote Method Invocation) and JNI (Java Native Interface) technology. This paper is to implement the client/server network management system using Java 2 Standard Edition (J2SE). This system can provide more than 10 clients. And then this paper intends to show data or message structure of client/server and how to work using TCP/IP protocol.
Abstract: Concrete strength evaluated from compression tests
on cores is affected by several factors causing differences from the
in-situ strength at the location from which the core specimen was
extracted. Among the factors, there is the damage possibly occurring
during the drilling phase that generally leads to underestimate the
actual in-situ strength. In order to quantify this effect, in this study
two wide datasets have been examined, including: (i) about 500 core
specimens extracted from Reinforced Concrete existing structures,
and (ii) about 600 cube specimens taken during the construction of
new structures in the framework of routine acceptance control. The
two experimental datasets have been compared in terms of
compression strength and specific weight values, accounting for the
main factors affecting a concrete property, that is type and amount of
cement, aggregates' grading, type and maximum size of aggregates,
water/cement ratio, placing and curing modality, concrete age. The
results show that the magnitude of the strength reduction due to
drilling damage is strongly affected by the actual properties of
concrete, being inversely proportional to its strength. Therefore, the
application of a single value of the correction coefficient, as generally
suggested in the technical literature and in structural codes, appears
inappropriate. A set of values of the drilling damage coefficient is
suggested as a function of the strength obtained from compressive
tests on cores.
Abstract: This study realizes an empirical investigation of main factors to develop an accounting career, stereotypes on accountants and accounting and perceptions on future career path for a sample of master students in accounting. The research provides some insight into what master students consider when choosing their future career paths. The most important two reasons chosen by students were “career opportunities" and “future earnings. They see accounting as structured, governed by conformity, requiring skills in working with numbers, monotonous, accurate, more efficient than effective but also absorbing, interesting and involving a certain degree of novelty. Although these students plan to start their careers in a multinational or accounting/audit firm, most of those plan to leave after five years. It resulted that women value more flexibility and time requiring special attention in retention policies practiced by firms.
Abstract: Increase in globalization of capital markets brings the
higher requirements on financial information provided for investors
who look for a highly comparable information. Paper deals with the
advantages and limitations of applying International Financial
Reporting Standards (IFRS) in the Czech Republic and Ukraine. As a
greatest limit for full adoption of IFRS shall be acknowledged the
strong connection of continental accounting to tax system and
enormous high administrative burden for IFRS appliers.