Shelter from the storm

Article Abstract:

Crisis is a British charitable institution that provides shelter, clothing and meals to homeless people every Christmas. In 1995, its open Christmas shelters served over 4,000 individuals. Aside from the London open Christmas shelters, the organization also organizes regional Christmas networks and operates WinterWatch, a program offering temporary accommodation to the homeless during winter lasting from Dec. 1 to Mar. 31. These activities require months of planning, in terms of attracting volunteers, finding sites for shelters, and coming up with enough food and clothing for every one who comes to the shelter. Despite the amount the work, administrator and finance manager Siham Bortcosh claims that she does not regret giving up her job at Arthur Andersen and joining the charity. She says that her work at Crisis has given her a great opportunity to learn things beyond the field of financial management.

SOCIAL SERVICES, Private Social Services, Social Assistance, Services, Homeless shelters, Charities, Homeless persons, Crisis

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When the navel-gazing has to stop

Article Abstract:

The European Commission has not made any progress in promoting accounting harmonization since it adopted the Seventh Directive in June 1983. Without accounting harmonization, the European Community may cease to be competitive in the international financial markets. The European Commission should become actively involved in the design and implementation of international accounting standards that can be applied across global financial markets. The concept of mutual recognition of accounts among international stock exchanges is gaining currency, but so far has been ignored by the European Commission.

Standards, Accounting, European Union. European Commission

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Turning big business into fine art

Article Abstract:

Fine Art Developments PLC Finance Director Tony Johnson oversees the finances of the third largest greeting card business in the world. Fine Arts produces greeting cards and paper products and enjoys a 25% share of the UK market with sales of $725 million pounds sterling in 1988. According to Johnson, increasing domestic market share is difficult because of the seasonality of the business, so Fine Arts is pursuing expansion policies overseas, particularly in the US.

United Kingdom, Finance, Greeting cards industry, Greeting card industry, Great Britain, Fine Art Developments PLC, Johnson, Tony

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