The changing interaction between economic and financial developments around the world is prompting lively debate in the academic and central banking community about the use of money and credit measures in contemporary monetary policy formulation. Currently, money and credit measures generally...

This article examines the concept of financial system efficiency in the New Zealand context. The primary function of the financial system is to facilitate the allocation of society’s scarce resources, both across the economic system and over time, in an environment of inherent uncertainty. If...

Risk management, risk determination and risk assessment have historically been dealt with explicitly in accounting, and accounting related fields of study in the areas of financial accounting, finance and audit areas. However, in management accounting, risk management has predominantly been an...

It could be argued that, without humans there is no organisation. Until now, and into the foreseeable future, machines will still require humans to design them and to switch them on. The conditions portrayed in the movie trilogy the Matrix have yet to come to fruition. Traditionally, while...

In prior chapters, a phrase something like 'without customers there is no business and no organisation' has been regularly stated in a range of forms. Oddly, the significance of this phrase is not greatly reflected in either management accounting or marketing texts and the teaching of these...

Throughout this book, different aspects of organisational value have been examined. In Chapter 2, the notion of a strategy based value chain (SBVC) was introduced as represented in Figure 11.1. In Chapter 3, which examines organisational decision making, some of the significant external business...