Chapter 11

A useful guide to the most common US accounting terms has been prepared for laymen (in this case journalists) by the New York State Society of Certified Public Accountants. It can be found at: http://www.nysscpa.org/prof_library/guide.htm.

For information on the various accountancy standards such as the US GAAP (Generally Accepted Accounting Practices) or the IAS (International Accounting Standards) procedures, see the International Accounting Standards Board’s website, http://www.iasb.org or the Financial Accounting Standards Board, http://www.fasb.org/.

All the major accountancy firms produce online guides to the recent changes in financial reporting regulations. KPMG’s is available at: http://www.kpmg.co.uk/pubs/ias_comp_ukusgaap.pdf

The UK's Institute of Chartered Accountants provides a portal to a wide variety of information about various aspects of financial control and corporate governance. Its website is at: http://www.icaew.com/index.cfm?route=105057.

A summary of the implications of conforming to the international standards for UK firms can be found at the government’s Department of Business Enterprise and Regulatory Reform: http://www.berr.gov.uk/files/file21617.doc.

Some of the key pointers for the suspicious investor discussed in Terry Smith's Accounting for Growth can be found at: http://www.fool.co.uk/qualiport/2002/qualiport020701.htm.
And on financial engineering: http://money.cnn.com/magazines/fortune/fortune_archive/2002/06/24/325213/index.htm.

A slightly wordy summary of some of the creative accounting tricks that companies get up to can be found at: http://www.trinity.edu/rjensen//theory/00overview/AccountingTricks.htm.

A McKinsey article on shareholder value can be found at: http://www.mckinseyquarterly.com/Corporate_Finance/M_A/Deals_that_create_value_979_abstract.

David Norton's own consultancy firm, the Palladium Group, has a wealth of resources on the balanced scorecard. Its website is to be found at: http://www.thepalladiumgroup.com/Pages/Welcome.aspx
You will need to register (for free) to access the resources content.
One of their best resources page is at: http://www.thepalladiumgroup.com/pages/docindex.aspx?CatName=Case%20Studies.

Stern Stewart's website has access to articles and case studies on EVA and sharesholder value: http://www.sternstewart.com/research/studies.aspx.
The Motley Fool has a number of nice concise pages devoted to the ways in which executives can increase the value of their company's shares, through for example share buybacks – see http://www.fool.co.uk/school/2005/sch050808.htm.

PriceWaterhouseCoopers has a whole section of its website devoted to shareholder value issues in the automotive industry. It is to be found at: http://www.pwc.com/Extweb/industry.nsf/docid/2EC12A0FBDECD80D85256C150059F995.

The main originator of the scenario planning method, Shell, still uses it within its own strategic planning processes. Some information on this can be found at: http://www.shell.com/home/content/aboutshell-en/our_strategy/shell_global_scenarios/ceo_introduction/scenarios_2025_introduction_ceo_30102006.html.

Statistics on BA and other international airlines’ performance can be found at:
http://www.atwonline.com/channels/dataAirlineEconomics/World_Airline_Report_2005.pdf
http://www.iata.org/NR/rdonlyres/FCD02107-B81D-4064-AF58-2B42CA9196D7/0/Profits_and_Size_Briefing_June2006.pdf
http://www.atwonline.com/channels/dataAirlineEconomics/f&f_page2_0507.pdf
http://www.iata.org/NR/rdonlyres/FCD02107-B81D-4064-AF58-2B42CA9196D7/0/Profits_and_Size_Briefing_June2006.pdf

For some articles on Ferrovial’s experience since its takeover of BAA see:
http://www.ft.com/cms/s/0/24a34982-b894-11dc-893b-0000779fd2ac.html
http://www.guardian.co.uk/business/2007/sep/02/3 and
http://www.guardian.co.uk/business/2007/aug/23/transportintheuk.

Print this page

Oxford University Press, Online Resource Centre, Chapter 11.

Chapter 11