Ncga 90

Recent years have witnessed an increase in the use of information technology in manufacturing, so much so that it has rapidly permeated the organization at every level. Consequently, there is a growing need for those related to or interested in manufacturing to understand the nature of this technology and the way it can best be used to increase competitive advantage, hence the profit. This book is a contribution towards better understanding of information technology and information systems and their application in manufacturing. The main feature of this book is that it addresses information systems and its application in manufacturing with a view to improving the competitive advantage. It offers fundamental understanding of information technology and underpinning principles, but also practical issues related to its implementation and operation. Additionally, the material is structured such that the reader is taken logically from basic principles to practical issues of information systems. Yet, chapters tend to be sufficiently independent making the text suitable for those with particular interest.

The book begins with an overview of how and why the present self-regulatory arrangement for setting standards for financial reporting in the private sector came about in 1973. A brief description of the new structure is followed by a discussion of the essential elements of meaningful self-regulation. A schism emerged between advocates of neutrality and objectivity in standard setting and those who think the primary concern should be for possible economic and social consequences. Early clashes between traditional views and newer insights are described, setting the stage for an account of serious resistance to change. Powerful interests mount determined efforts to thwart the standard setters, undercutting not only self-regulation, but also the intent of the federal securities acts of 1933 and 1934. The practical and philosophical bases for the opposing views are examined, and recommendations are presented for ensuring continuation of private-sector standard setting despite the intensity of these views.