From Japan, not before time
Article Abstract:
Accounting has been accused of slowing the progress of just-in-time (JIT) inventory and manufacturing systems into the UK. JIT attempts to improve competitiveness by reducing lead times, inventory stocks, merchandise in production, scrap, and rework. Accountants are charged with slowing adoption of JIT because current costing systems are non-supportive of JIT attitudes, JIT will cause accountants the extra effort of reworking their systems, current accounting is misleading about JIT benefits, accountants do not provide information central for proper JIT management, and capital appraisal methods do not take into account the benefits of JIT.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
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How to structure an effective PCA
Article Abstract:
Post completion audits (PCAs) can be an effective means of improving the profitability of capital projects. The effectiveness of the audit will be influenced by the unique circumstances of each situation: the environment and industrial sector both have an effect on a PCA and will effect the application of the PCA to get maximum results. Auditors structuring a PCA should consider six factors: whether all projects are audited, when the audit should be carried out, who should perform the audit, what format the audit should take, how the results of the audit are to be used, and whether a second PCA is ever necessary.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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Why Halfords wears a halo
Article Abstract:
Halfords has narrow margins and requires accurate costing. They have created a flexible accounting system in-house which supports its point-of-sale technology called Halfords OnLine (HALO). HALO connects individual branch stores using a network and IBM XT computers and generates detailed stock and accounting data in up to 400 varied report formats. The company plans to develop a more elaborate version of their program called 'Superhalo' by the end of 1989 which will have barcode reading and direct price look-up.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1989
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