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Added value: the link between performance measures

Article Abstract:

Corporate performance is ascertained in varying ways due to the range of acceptable frameworks on it. The different measures of a company's financial performance include profits and earnings per share, cash flow, share prices, capital gains, dividends, and competitive advantage. Advocates of the different measures are constantly in disagreement. However, this need not be the case. It is shown that these measures are actually linked together by added value. The added value element is defined as the difference between the output value generated by a company and the input cost it uses. An assessment of the different measures prove that they are all equivalent entities and basically differ only in timing. Moreover, it is demonstrated thatthey are all valid measures of the value of a company's competitive advantage and strategic assets and added value serves as the link between all these methods.

Author: Kay, John
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
Evaluation, Value added

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Raising equity after Big Bang

Article Abstract:

The reorganization of the United Kingdom securities market (Big Bang) started in 1983 with proposals to liberalize trading methods and membership rules. These measures were accepted in 1985; however, instead of simply increasing competition, they had unforeseen effects: international security houses and major banks with large financial resources bought out major jobbing firms and brokers, with the result that the securities market has an international character. Rights issues are now optional, and companies have the right to chose the issue method that gives them the greatest value for their money.

Author: Keeley, Michael
Publisher: Accountants Publishing Co., Ltd.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1986
Economic aspects, Stocks, Stock-exchange, Stock exchanges, Economic policy, Securities, Deregulation, London Stock Exchange PLC, London

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Plan now for customs duty big bang

Article Abstract:

Customs law and practice in Scotland will change on Jan 1, 1988 with the introduction of new custom freight procedures. Three important changes are: the harmonized commodity description and coding system, the new integrated tariff, and the single administrative documentation procedure. Also affected are inward and outward processing relief; warehousing and free zones; standard exchange and returned goods relief; temporary importations; preferential rates; processing for free circulation; defective goods and improperly sent goods; and personal imports.

Author: Durkacz, Victor
Publisher: Accountants Publishing Co., Ltd.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1987
Scotland, Customs administration

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Subjects list: Corporations, Valuation, Laws, regulations and rules
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