Posted on 15 October 2012. Tags: Accounting, directive, financial reporting, information, insurance industry, regulation, risk. insurance products, solvency, standard, supervision
A lot of work has gone to standardize the financial accounts of insurance and requirements of reimbursement ability. These projects are made by various international organizations. This will alter the way the insurance companies keep their accounts and how they design strategies. All this work in accounting is being done to increase transparency and provide the most realistic accounts of insurance. This is an indirect form to protect the policyholders. Even the regulation on repayment ability is a method of protecting policyholders. Accounting is the process of collecting and reporting financial information about entity or about a group of units. Accounting practices are developed over time and they reflect the traditional national accounts. With the development of EU and increased activity of insurance companies or other companies outside the national borders, finding of a common way to present financial data of companies is becoming more critical. In connection with commercial enterprises, accounting information users include managers, investors, potential investors, lenders, investment analysts, regulators and consumers. The accounting changes outlined here, will be mandatory for insurance companies listed on stock exchange. However it is expected that other companies will adopt these rules as they aim to clearly present the true situation of the company, critical for managing a company.
Albanian Accounting Trends in Accordance With EU Standards (761.1 KiB, 104 hits)
Posted in Economics, Volume II, Issue no. 5
Posted on 15 August 2012. Tags: analyze, business, database, digital mapping, GIS, information, organization
Albanian economy is strictly connected to the fluctuations economies of its neighbor countries. The conducted research aim at creating a web based GIS platform working as a communication and information source to the prospective of managing a future potential category of investitors. The paper outlines the importance of digital mapping technology as a powerful tool which can lead into interesting solutions. We are introducing a set of models regarding specific sector categories explaining how integration of GIS technology can result a perfect liaison bridge between this group of businessman’s and their new terrain of investment, mitigating their hesitancy due to the lack of information and recognition. GIS technology serves as a mirror to evaluate options, opportunities and probabilities. Through GIS tools they can get involved into the economic situation in the country by tracking customers and competitive businesses. Geographic data must be considered as the basic framework of entire organizations.
Digital Mapping as a business opportunity: Exploring Albania (806.4 KiB, 173 hits)
Posted in Knowledge Management, Volume II, Issue no. 4
Posted on 15 December 2010. Tags: data management, information, knowledge management
Knowledge Management (KM) comprises a range of strategies and practices used in an organization to identify, create, represent, distribute, and enable adoption of insights and experiences. Such insights and experiences comprise knowledge, either embodied in individuals or embedded in organizational processes or practice. Though literature on information and knowledge management is vast, there is much confusion concerning the meaning of these terms. According to the literature review, technology-oriented information management includes data management, information technology management and strategic information technology management. The reading of the literature on knowledge management reveals that this term is either used synonymously for information management or for the management of work practices with the goal of improving the generation of new knowledge and the sharing of existing knowledge.
Dimensions and perspectives for knowledge management and information (253.6 KiB, 2,055 hits)
Posted in Issue no. 1, Knowledge Management
