The purpose of the study is to determine whether advisory firms valuing privately-owned companies in South Africa take unsystematic risk into account and, if they do, how objectively it is done. A literature search was reviewed and used as a foundation in a questionnaire to gather information from the big four audit, advisory and taxation firms (PricewaterhouseCoopers, KPMG, Deloitte & Touch and Ernst & Young). The study found that unsystematic risk is incorporated into privately-owned company valuations, but that the whole subject of valuations, especially privately-owned company valuations, does not entail entire objectivity. The study further concluded that it is possible to use unsystematic risk as a device to bring the final results of a valuation in line with the clients objective. Further research should be done by extending the population to include medium- and large advisory firms and comparing the approaches used by each group.
If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information.
About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.
AbstractCost management is essential in every organisation, especially in an increasingly competitive environment (Jain & Yadav 2006:352). The management of distribution costs has become increasingly important because of the rising fuel costs in recent years (Gaffney 2008:40). Delivery routes should be optimised in order to reduce distribution costs.This article presents a comprehensive segment margin approach model for determining the financial viability of delivery routes. A specific bakery (henceforth referred to as Bakery A) was selected as a case study, and the use of general management accounting principles in determining the financial viability of delivery routes was specifically investigated.
Electricity tariffs charged by the South African electricity supplier (Eskom) have sharply increased over the past three years and there is no indication of what to expect in the future with regard to electricity tariffs. Many South Africans are searching for ways to save on their monthly electricity bills by seeking out alternative water heating systems. The purpose of this study is to determine the most financially viable alternative water heating system for a household in South Africa using various investment appraisal techniques and taking into consideration the size of the household. The study found that the five investment options identified in the literature review would all, to some extent, be financially viable to implement within households with high, as well as low, volume hot water consumption. Although some of the water heating systems were found to be more financially viable than others, the conclusion was made that a savings will be generated on the monthly electricity bill no matter what alternative water heating system was to be installed in the place of a conventional geyser.
The literature on accounting education does not refer to assessment often enough. According to Curtis (2011), literature reviews on accounting education for the period 1999-2009 only addressed assessment in 48 out of more than 1 100 papers. Research on assessment methods in accounting education tends to focus on aspects such as group assessment, online assessments, peer assessment and the reactions of students to these assessment methods (Healy, McCutcheon & Doran, 2014). There is a clear need for more and broader assessment research in accounting education.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.