Academic literature on the topic 'Floating assets current assets'
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Journal articles on the topic "Floating assets current assets"
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Weisman, Joshua. "Floating Charges on Assets of Individuals." Israel Law Review 21, no. 2 (1986): 129–41. http://dx.doi.org/10.1017/s0021223700009006.
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The Security Interests Law, 1967, created a revolutionary change in Israel's law of security interests inasmuch as it replaced the previous obsolete regime with a modern one. Notwithstanding, it refrained from adopting a clear position on the question of whether a non-corporate debtor may create a security interest over his assets by means of a floating charge. Such a charge, which according to Israeli law may be given by companies and cooperative societies, applies to both the current property of the debtor and any property which he may acquire in the future. The uniqueness of the floating charge, however, is not merely insofar as it extends to the future property of the debtor. Unless otherwise provided for, the floating charge allows the debtor to continue to execute transactions with his assets, such as their sale or mortgage, whereby the grantee of the rights by virtue of such transactions is not subject to the floating charge.
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Davies, Peter, and Danny Constantinis. "Innovative inspection techniques for ultra deepwater drillships and other floating O&G production assets saving costs, enhancing safety, while assuring operational availability and asset integrity." APPEA Journal 57, no. 2 (2017): 599. http://dx.doi.org/10.1071/aj16012.
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The Hull Inspection Techniques and Strategy (HITS) Joint Industry Project (JIP), a subgroup of the Floating Production Storage and Offloading (FPSO) Research Forum, called for new methods to be developed that enhance safety, reduce costs and support the assurance of integrated asset management. Hull integrity is critical to enhancing safety and operational effectiveness for production operations, particularly for high-value assets. Good hull integrity requires accurate, relevant hull-inspection data of the internal structure, isolation valves, moonpools, external appendages and positioning systems. Current methods use divers or remotely operated vehicles (ROVs); this often disrupts drilling operations and, in the case of divers, is a high but managed risk. HITS JIP called for methods to minimise diver and man intervention in confined spaces. This has now been achieved on several assets while on station, operational and on-hire by an innovative method of conducting inspections from within the hull and using advanced techniques to inspect critical isolation valves, moonpool high-stress areas, thrusters and hull appendages. Aligning internal and external structural inspections optimises operational availability further and is achieved by means of class-approved ‘long-term inspection plans’ that align the ‘underwater’ scope with other hull inspections and spreads the work over several 5-year cycles. As well as safety enhancements, benefits include over 70% persons on board (POB) reduction on diver under water inspection in lieu of drydocking (UWILD) operations, minimising downtime and operational impact, and high-value inspection data. Further advances in hull inspection have also been proven that eliminate man entry of confined spaces for inspection of ballast and other tanks.
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Van Erp, Sjef, Christopher Bisping, and Charles-Antoine Leunen. "Privy Council, Agnew and Bearsley v. The Commissioner of Inland Revenue [2001] B.C.C. 252 Floating and Fixed Charge." European Review of Private Law 11, Issue 2 (April 1, 2003): 174–94. http://dx.doi.org/10.54648/erpl2003013.
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Abstract: The most frequent method by which companies borrow money takes the form of debentures, which are usually accompanied by a charge on the company’s assets. One of the features of the company law which applies in Common Law countries, and which distinguishes it from that which prevails in most codified law systems on this issue, is the distinction made between the “fixed charge” and the “floating charge”. Fixed charges normally take the form of legal mortgage over specified company assets, e.g. its land and buildings. A charge may also be fixed on the company’s present and future book debts, which prevents the company from using the debts without the consent of the chargee. On the other hand, companies may also give a lender a “floating charge”, being an equitable charge on some or all of the present and future property of the company. Normally such a charge relates to those assets which are constantly changing, such as the company’s stock-in-trade. The company thus remains free to deal with the assets as it sees fit in the course of its business. The floating charge only becomes attached to an item if and when the charge “crystallizes”, whereupon it becomes a fixed charge on all the current assets which it covers. A charge crystallises where the company is about to be wound up or in such other conditions as are specified in the trust deed or debentures – e.g. failure by the company to pay the agreed interest or to redeem the debentures as agreed. In the majority of cases, the category to which a particular charge belongs is clear beyond reasonable doubt; however, there are some charges which admit of some doubt in this respect. It was precisely such a borderline charge which is the subject-matter of the case under review, which landed before the Privy Council from the New Zealand Court of Appeal. Here, a company granted a charge over its uncollected book debts, which left it free to collect them and use the proceeds in the ordinary course of its business, but prevented the company from assigning or from factoring them. The underlying debenture was expressed in such a way as to create a fixed charge over the book debts. When the company went into receivership, the only assets available for distribution to creditors were the proceeds of the book debts which were outstanding when the receivers were appointed. The question arose whether the right of the company to collect the debts and deal with their proceeds free from security meant that the charge on the uncollected debts, although described in the debenture as being fixed, was nevertheless a floating charge until it crystallised through the appointment of the receivers. It was argued by the receivers that the charge was fixed and that the proceeds were accordingly payable to the company’s bank, acting as the holder of the charge. However, of the charge was a floating charge at the time when it was created, then, through the combined effects of Schedule VII to the Companies Act 1993 and Section 30 of the Receiverships Act 1993, the proceeds were payable to the employees and the Inland Revenue Commissioner as preferential creditors. The judge at first instance ruled that the charge in question was a fixed charge. However, this decision was reversed by the Court of Appeal (New Zealand). The receivers appealed to the Privy Council. The question to be settled on appeal was whether a charge over the uncollected book debts of a company which left the latter free to collect them and use the proceeds in the ordinary course of its business was a fixed or a floating charge. The Council dismissed the appeal. It traced the history of the floating charge from its inception to the present day, paying particular attention to charges over book debts, and arrived at the following conclusions: (a) the characteristics of the floating charge as specified by Romer LJ in the landmark decision of Re Yorkshire Woolcombers Association
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Wee, Kenneth. "Financing LNG infrastructure using master limited partnerships." APPEA Journal 56, no. 2 (2016): 615. http://dx.doi.org/10.1071/aj15121.
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In recent years, an unprecedented level of capital has been invested in developing Australia’s latest liquefied natural gas (LNG) projects, with several more still in the pipeline. In the wake of ever-increasing oil price volatility, and international competitiveness and uncertainty in the global financial markets, Australian LNG projects that are either under development or are being proposed continually face pressure to be more cost-efficient and value-accretive to their capital providers. The application of cutting-edge technology, such as floating LNG, together with more innovative financing strategies, are among the key factors that could provide more attractive project yields to make investing in new greenfield LNG projects more commercially viable. For many years, master limited partnerships (MLPs) have been used as a tax-effective financing vehicle in the North American energy and resources sector for funding the construction of gas infrastructure assets. This extended abstract explores the feasibility of holding Australian LNG infrastructure assets such as LNG pipelines and processing facilities within a MLP structure, including: how a typical MLP investment model would work in practice in the LNG sector; the fiscal treatment of a MLP and its impact on investor yield; the types of LNG assets that are appropriate for a MLP structure; the suitability of the MLP vehicle in the Australian context; commercial considerations in establishing and maintaining a MLP structure, including transactional costs and Australia’s unique Petroleum Resource Rent Tax regime; and, sustainability of the MLP model in the context of the current Australian and worldwide focus on fiscal accountability.
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Serletis, Apostolos, and Guohua Feng. "SEMI-NONPARAMETRIC ESTIMATES OF CURRENCY SUBSTITUTION BETWEEN THE CANADIAN DOLLAR AND THE U.S. DOLLAR." Macroeconomic Dynamics 14, no. 1 (December 15, 2009): 29–55. http://dx.doi.org/10.1017/s1365100509080298.
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In this paper we investigate the issue of whether a floating currency is the right exchange rate regime for Canada or whether Canada should consider a currency union with the United States. In the context of the framework recently proposed by James L. Swofford, we use a semi-nonparametric flexible functional form—the asymptotically ideal model (AIM), introduced by William A. Barnett and A. Jonas—and pay explicit attention to the theoretical regularity conditions of neoclassical microeconomic theory, following the suggestions of William A. Barnett and William A. Barnett and Meenakshi Pasupathy. Our results indicate that U.S. dollar deposits are complements to domestic (Canadian) monetary assets, suggesting that Canada should continue the current exchange rate regime, allowing the exchange rate to float freely with no intervention in the foreign exchange market by the Bank of Canada.
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Keys, Matt. "Offshore structures – why all offshore facilities should have a demanning requirement." APPEA Journal 59, no. 2 (2019): 789. http://dx.doi.org/10.1071/aj18109.
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Most offshore structure design codes focus on setting appropriate safety factors to achieve an acceptable annual level of risk. Recent work by Atkins SNC-Lavalin, together with a large number of operators in Australian waters and the North Sea, has discovered that a large number of aging assets are implementing a demanning requirement to limit the risk of platform collapse to personnel, due to changes in loading or degradation of the structure. This work has shown there are two risk scenarios that should drive this requirement. The first scenario which is intended by the codes in limiting the overall annual risk. The second is to limit the collapse risk associated with a known forecast storm, as the level of risk from helicopter demanning is much lower. For all the older offshore fixed and permanently mooring floating structures assessed for a risk level considered acceptable for a forecast storm, this risk level would govern the sea-state demanning criteria. For recently installed facilities that are compliant with current standards, the findings were the same: that all facilities should have a demanning requirement. The level of this demanning sea-state limit has been shown to be lower than expected and is likely to occur only once in the asset’s life; therefore, the cost implications of implementing demanning procedures are minor. This paper presents the basis and range of findings for calculating the risks associated with an annual occurrence and an ‘in a forecast storm’ risk. Further, this paper proposes acceptable demanning limits for facilities designed to current and historical design codes.
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Ahmetaj, Natasha, and Merita Bejtja. "Determinants of the Real Equilibrium Exchange Rate in Albania: An Estimation Based on the Co-Integration Approach." ACRN Journal of Finance and Risk Perspectives 8, no. 1 (2019): 84–94. http://dx.doi.org/10.35944/jofrp.2019.8.1.005.
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Problem/Relevance: Investigation of exchange rate behaviour has been an important topic in international monetary economics because of the impact of exchange rates on economies. One strand of the literature has focused on explaining the observed movement of the nominal or real exchange rate in terms of macroeconomic variables. Another strand of the literature has evaluated the behaviour of the real exchange rates in relation to the equilibrium exchange rate, which is the real exchange rate that is consistent with macroeconomic balances. Albania implements a free floating exchange rate regime; therefore, evaluating whether the actual real exchange rate is too strong or too weak compared with the real equilibrium exchanges rate has great relevance for the Albanian economy. Research Objective/Questions: Generally, the real exchange rate is defined as the nominal exchange rate adjusted for the relative price differential between domestic and foreign goods and services. So, an appreciation of the nominal exchange rate or higher inflation at home relative to other countries may lead to an appreciation of the real exchange rate. Such appreciation weakens the competitiveness of a country, widens the current account deficit and increases vulnerability to financial crises. The opposite holds true when the real exchange rate depreciates. The aim of this paper is, first, to estimate the equilibrium real exchange rate for the Albanian currency against the euro and, second, to assess the total exchange rate misalignment during the period of 2001Q1-2017Q1. Thus, the equilibrium real exchange rate is used as a benchmark for evaluating the misalignment of the actual real exchange rate. Methodology: This paper explores the determinants of the real exchange rate for Albania, during the period of 2001Q1-2017Q1, based on the stock-flow approach, the so called Behavioural Equilibrium Exchange Rate (BEER), which effectively employs reduced-form modelling of the exchange rate based on standard co-integration techniques. The stock of net foreign assets and productivity changes has been considered fundamental for the real exchange rate. We have used the Johansen co integration technique to test the existence of long-run relationships between our main variables and to evaluate the path of the equilibrium real exchange rate based on vector error correction model (VECM) results. Then the analysis is completed by calculating the degree of misalignment as the difference between the actual real exchange rate and the equilibrium real exchange rate. Major Findings: Based on the Johansen co-integration approach, we find one long-run relationship between the real exchange rate of the Albanian lek against the euro, relative productivity and net foreign assets during the period of 2001Q1 to 2017Q1. The model implies that the real exchange rate is affected, as we expected, by relative productivity and net foreign assets, confirming that an increase in both variables leads to an appreciation of the real exchange rate in the long run. Our results show that the behaviour of the actual real exchange rate is similar to the path of the equilibrium exchange rate and that the degree of misalignment throughout the period is estimated to be moderate. Implications: Our empirical results confirm that the degree of misalignment is reasonable, suggesting a consistency between macroeconomic (especially monetary) policies and the free floating exchange rate regime. Assessing real exchange rate misalignment is a very important issue for policy makers because of the severe welfare and efficiency costs that such misalignment can have for an economy.
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Ok, Duo. "Enhancement of Safety and Design in Cargo Handling Spaces to Prevent Accidental Fire or Explosion in Oil Tankers and FPSOs." Journal of Ship Production and Design 35, no. 4 (November 1, 2019): 299–308. http://dx.doi.org/10.5957/jspd.05180018.
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Over the last few decades, there have been a significant number of accidents on crude oil tankers, floating production storage and offloading (FPSO) and offshore units due to fire and explosion, which have resulted in loss of lives, assets, and environmental damage. These incidents increase scrutiny and questions on the current level of safety design in hydrocarbon handling spaces and other high-risk spaces in oil tankers and FPSOs. There are many factors which may contribute to these incidents, including; defects of equipment and components, overlook during design, inappropriate maintenance procedure and history, improper workmanship, and lack of company safety procedures and instruction during maintenance and emergency responses. This study is focused on and has discussed all safety aspects and barriers for the enclosed cargo-handling spaces in tankers and offshore units. Various existing regulations, standards, and guidelines have addressed safety design of enclosed cargo-handling spaces. These requirements and guidelines are referred and investigated to identify typical industry gaps in design and to recommend best engineering practices. The proposed key design recommendations may be considered at the early design stage of new building or conversion projects to enhance the overall safety and to reduce the likelihood of critical safety events.
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Ivanović, Vanja, and Elvis Mujačević. "NET CURRENT ASSETS IN FEASIBILITY STUDIES." Tourism and hospitality management 9, no. 2 (December 2003): 177–88. http://dx.doi.org/10.20867/thm.9.2.16.
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Net current assets consist primarily of cash, marketable securities, receivables and inventory. The balances in these accounts can be highly volatile as they respond quickly to changes in the firm’s operating environment. Medium-term planning and immediate reactions to changes in forecasts and conditions are required for effective management of the net current assets. Net current assets management is the functional area of finance that covers all the current accounts of the firm. It is concerned with the adequacy of current assets as well as the level of risk posed by current liabilities. We can say that net current assets management is a discipline that seeks proper policies for managing current assets and liabilities and practical techniques for maximizing the benefits.
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Shygun, M. М., and N. O. Mychak. "Primary Accounting of Non-Current Assets Held for Sale." Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, no. 4 (October 17, 2018): 66–74. http://dx.doi.org/10.31767/nasoa.4.2018.07.
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The article is devoted to the study of the documentary support for operations with non-current assets held for sale. The importance of the study is determined by the fact that in the Ukrainian business accounting and recording practice, information about economic transactions with non-current assets held for sale is recorded in the forms approved for fixed and intangible assets that do not reflect all the aspects of accounting for non-current assets held for sale, which is inappropriate because it does not allow for their rational management and control. Despite the judiciousness of studies on recording of transactions with non-current assets, recording of transactions with non-current assets held for sale needs further studies because it is not sufficiently developed nowadays.
Absence of special documentary support for accounting of non-current assets held for sale is emphasized. The article’s aim is to develop recommendations for improving the documentary support for transactions with non-current assets held for sale taking into account the economic substance and legal specifics of such transactions.
The authors propose a form of the Act on reclassification of non-current assets into non-current assets held for sale, which can provides a substantiated documentary confirmation of the execution of such transactions. This form takes into consideration all the necessary information about recognition of an asset as one held for sale.
The authors’ recommendations are given. In order to improve the recording of transactions with non-current assets held for sale, the primary documents should be issued not only at the moment of such assets reclassification, but also prior to their reclassification from non-current assets into non-current assets held for sale, and in the period of holding them for sale till the moment of transfer to the buyers.
Dissertations / Theses on the topic "Floating assets current assets"
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Фененко, А. В. "Управління активами підприємства." Master's thesis, Сумський державний університет, 2019. http://essuir.sumdu.edu.ua/handle/123456789/75920.
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В роботі досліджуються теоретичні та практичні аспекти управління активами підприємства та розроблені рекомендацї щодо його удосконалення.В работе исследуются теоретические и практические аспекты управления активами предприятия и разработаны рекомендации по его совершенствованию.
The theoretical and practical aspects of enterprise asset management are investigated. Recommendations for improving the asset management of the enterprise have been developed.
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Goodwin, J. D. "Audit judgments of revalued non-current assets." Lincoln University, 1994. http://hdl.handle.net/10182/1770.
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The revaluation of non-current assets has become an accepted accounting practice in many countries including the United Kingdom, Australia and New Zealand. This practice has implications for the external auditor who must decide whether to accept a valuation as reasonable and how much evidence to collect to support the decision. This thesis represents the first study to examine audit decision making in this area. Because of the absence of prior research, a series of structured interviews was undertaken with audit partners to identify the main audit issues. The results of these interviews, together with the relevant literature, were used to identify some of the factors that may impact on audit judgments concerning revalued assets. Hypotheses were developed and two complementary experiments were designed to test them. These were based on the premise that client management may be motivated to revalue in order to improve the appearance of the balance sheet, thereby increasing the inherent risk of misstatement. A 2 x 2 between-subjects design was used for both experiments, and the dependent variables measured were estimates of the planned audit hours to be spent on the revalued assets and likelihood judgments that the valuations would be accepted as reasonable. Experiment One considered the situation where auditors are faced with two conflicting risks which are likely to exist simultaneously in the audit environment. These were the threat of litigation arising from the client's breach of a debt covenant and the risk of losing the client. The study examined auditors' responses to high and low levels of these risks on the audit of revalued owner-occupied property and an investment property. For the planned audit hours, results indicated a strong interaction effect between the two factors, with auditors planning to spend significantly more time on the audit of revalued assets when both the risk of breaching a debt covenant was high and the risk of losing the client was low. Similar results were found for the likelihood judgment that the valuations would be accepted as reasonable, except that for the investment property the results were only marginally significant. Experiment Two examined the impact of a proposal to issue shares to the public and the competence of the independent valuer on the audit of four classes of non-current assets. Results indicated that auditors would plan to spend longer on the audit of revalued assets when the client proposed to make a share issue and also when the competence of the valuer was lower. They were also less likely to accept the valuations as reasonable in these cases. However, an interaction effect between class of asset and competence of the valuer indicated that concern with some aspects of the evidence could override subjects' sensitivity to the competence of the valuer. An additional finding was a significant experience effect for the likelihood judgments, based on the number of audits, in which subjects had been involved, that had included asset revaluations. More experienced subjects were more likely than less experienced subjects to accept the valuations as reasonable.
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Sastry, Jyoti. "Direct AC control of grid assets." Diss., Georgia Institute of Technology, 2011. http://hdl.handle.net/1853/41109.
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The objective of the proposed research is to investigate feasible approaches to dynamic control of the power grid. Growth in the demand for electric power, and an increase in the penetration of renewable energy resources are causing congestion on an already aging power grid. Conventional grid control involves the use of static assets that operate on long time scales. These assets provide no dynamic control on the grid, and are typically used for scheduled support. Existing solutions (FACTS devices) to dynamic grid control have seen minimal market penetration because of high cost and low reliability. The proposed research provides a solution for dynamic control of the power grid that augments existing grid assets with a thin AC converter (TACC) to realize enhanced dynamic control. The TACC is a direct AC converter with filter elements and no bulk energy storage that dynamically reflects the asset value on the grid. The converter has a fail-normal mode of operation that returns the asset to its initial operating state, thereby not degrading system reliability. Some applications of TACCs include Inverter-Less STATCOMs and Controllable Network Transformers, which are realized by augmenting shunt VAR capacitors and load tap changers respectively. The principle of virtual quadrature sources is proposed to enable conditioning of AC voltages and currents. The concept is a novel method to realize control of phase angle and, or harmonics in single-phase AC converters, with no bulk energy storage. This concept is used to control the TACC and provides the asset with significantly enhanced control capabilities. Scaling of the TACC to utility voltage and power levels has been addressed by proposing a novel multilevel direct AC converter. The concept proposes the use of commercially available low cost semiconductor devices to realize high power converters. The specific application chosen to validate the concept of TACCs, through a medium voltage design, is the Inverter-less STATCOM.
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Moghe, Rohit. "Smart sensors for utility assets." Diss., Georgia Institute of Technology, 2012. http://hdl.handle.net/1853/44729.
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This dissertation presents the concept of a small, low-cost, self-powered smart
wireless sensor that can be used for monitoring current, temperature and voltage on a
variety of utility assets. Novel energy harvesting approaches are proposed that enable the
sensor to operate without batteries and to have an expected life of 20-30 years.
The sensor measures current flowing in an asset using an open ferromagnetic core,
unlike a CT which uses a closed core, which makes the proposed sensor small in size, and
low-cost. Further, it allows the sensor to operate in conjunction with different assets
having different geometries, such as bus-bars, cables, disconnect switches, overhead
conductors, transformers, and shunt capacitors, and function even when kept in the
vicinity of an asset. Two novel current sensing algorithms have been developed that help
the sensor to autonomously calibrate and make the sensor immune from far-fields and
cross-talk. The current sensing algorithms have been implemented and tested in the lab at
up to 1000 A.
This research also presents a novel self-calibrating low-cost voltage sensing
technique. The major purpose of voltage sensing is detection of sags, swells and loss-ofpower
on the asset; therefore, the constraint on error in measurement is relaxed. The
technique has been tested through several simulation studies. A voltage sensor prototype
has been developed and tested on a high voltage bus at up to 35 kV.
Finally, a study of sensor operation under faults, such as lightning strikes, and large
short circuit currents has been presented. These studies are conducted using simulations
and actual experiments. Based on the results of the experiments, a robust protection
circuit for the sensor is proposed. Issues related to corona and external electrical noise on
the communication network are also discussed and experimentally tested. Further, optimal
design of the energy harvester and a novel design of package for the sensor that prevents
the circuitry from external electrical noise without attenuation of power signals for the
energy harvester are also proposed.
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Xiao, Y. "Testing net current assets value strategies in the UK stock market." Thesis, University of Salford, 2007. http://usir.salford.ac.uk/14890/.
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Value investing strategies, those calling for the purchase of shares with low market values relative to measures of their financial fundamentals, have shown great promise in the literature indicating the potential for stock market outperformance. Collectively this idence is one of the most controversial challenges to the efficient market hypothesis. This thesis focuses on one value strategy, net current asset value-to-market value 'NCA/M' strategy examining a large sample of U.K. shares over period from 1980 to 2005.
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De, Jager Daniël Theodorus. "Disclosure of deferred tax a descriptive study into the appropriateness of different classification methods /." Pretoria : [s.n.], 2008. http://upetd.up.ac.za/thesis/available/etd-11122008-173759/.
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Mináriková, Eliška. "Oceňování vybraných položek aktiv." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-10567.
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Diploma thesis "Valuation of selected part of assets" deals with problems with valuation of non-current tangible property and inventories by International Financial Reporting Standards (IFRS) in comparison with Czech directives. Firstly will be described basic valuation techniques used by the IFRS and also by Czech directives. Secondly will be explained valuating models separately. Problems with valuation of non-current tangible property and inventories by IFRS and by Czech directives are discussed in last two parts. Discovered findings are compared in conclusion of that part. Diploma thesis is also covered by illustrative examples.
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Ruhupatty, Leroy. "The value relevance and reliability of information provided with respect to non-current assets under Australian GAAP /." Connect to this title, 2007. http://theses.library.uwa.edu.au/adt-WU2008.0031.
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Легка, М. О. "Управління необоротними активами підприємства." Master's thesis, Сумський державний університет, 2018. http://essuir.sumdu.edu.ua/handle/123456789/71172.
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В роботі розглядаються теоретичні і практичні аспекти управління необоротними активами. Визначені напрями удосконалення управління необоротними активами підприємства.В работе рассматриваются теоретические и практические аспекты управления необоротными активами. Определены направления совершенствования управления необоротными активами предприятия.
The paper considers theoretical and practical aspects of management of non-negotiable assets. The directions of improvement of management of non-negotiable assets of the enterprise are determined.
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Ruhupatty, Leroy. "The value relevance and reliability of information provided with respect to non-current assets under Australian GAAP." UWA Business School, 2008. http://theses.library.uwa.edu.au/adt-WU2008.0031.
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[Truncated abstract] Following the introduction in 1999 of Australian Accounting Standard Board (AASB) 1041: 'Revaluations of Non-Current Assets' (Australian Accounting Standards Board 2001a), this study set out to examine the impact of the introduction of this new standard on: the number (percentage) of Australian firms revaluing various classes and submajor classes of non-current assets; and the value relevance and reliability of the information provided with respect to various sub-major classes of non-current assets. The study also set out to examine the apparent motivations for Australian companies electing the fair value (FV) basis, rather than the historic cost (HC) basis, for reporting property, plant and equipment (PP&E). The sample analysed in this study consisted of Australian Stock Exchange (ASX) listed firms that were included in each of the Connect4, Aspect Financial and Core Research Data (CRD) databases. After excluding firms not covered by all three databases and firms where there were missing data problems, 398 and 424 firms were left in the 1999 and 2002 samples, respectively. Of the 398 and 424 firms, there were 194 firms that were common to both sample periods and a separate analysis of these 'common' firms allowed a 'like-for-like' comparison to be made. The financial year ending June 30, 1999 provides data under the previous standard AASB 1010 (Australian Accounting Standards Board 2000) before the introduction of AASB 1041, while the financial year ending 30 June 2002 provides data under AASB 1041 (the new standard). ... At the disaggregated level (that is, for various sub-major classes of non-current assets), it appears that there was a decline in the number (percentage) of firms choosing to revalue investment property, property, and plant and equipment, while there was no change in the number (percentage) of firms choosing to revalue listed or unlisted investments. It appears that AASB 1041's requirement to revalue frequently when the FV basis was adopted discouraged firms from choosing the FV basis for some asset classes, presumably because the costs associated with frequent revaluations outweighed the perceived benefits. In terms of value relevance, the results suggest that where the variables of interest are scaled there was no improvement in the value relevance of the information provided by Australian companies following the introduction of AASB 1041. However, the results from the unscaled regressions do not support this conclusion and instead suggest that the introduction of AASB 1041 was associated with an overall improvement in the value relevance of the information provided with respect to the various sub-major classes of non-current assets investigated in this study. Resolution of this conflicting result is beyond the scope of this dissertation and is an issue worthy of future research. In terms of reliability, the results suggest that the introduction of AASB 1041 was generally associated with: an improvement in the reliability of information reported with respect to non-current assets reported at FV; and a deterioration in the reliability of information reported with respect to non-current assets reported at HC. Finally, with respect to the potential motivations behind a company's choice of the FV basis for reporting PP&E, the results suggest that firms are motivated to revalue PP&E to: improve their borrowing capacity; for signalling purposes; and to reduce information asymmetry.
Books on the topic "Floating assets current assets"
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Board, Accounting Standards. Disposal of non-current assets and presentation of discontinued operations. Kingston upon Thames: ASB Publications, 2003.
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Australia. Steering Committee on National Performance Monitoring of Government Trading Enterprises. Guidelines on accounting policy for valuation of assets of government trading enterprises: Using current valuation methods. Melbourne: Industry Commission, 1994.
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Morozova, Tat'yana, and Viktoriya Malickaya. International Financial Reporting Standards: tangible and intangible assets. Application practice. ru: INFRA-M Academic Publishing LLC., 2022. http://dx.doi.org/10.12737/1836225.
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The textbook contains a structured presentation of the Conceptual Framework for the presentation of financial statements, IFRS (IAS) 16 "Fixed Assets", IFRS (IAS) 2 "Inventories", IFRS (IAS) 40 "Investment Property", IFRS (IAS) 38 "Intangible Assets", IFRS (IFRS) 5 "Non-current Assets held for Sale and Discontinued operations".
Fragments of information disclosure in financial statements in accordance with IFRS of more than 50 Russian and foreign companies are given. The choice of financial statements of companies is solely a subjective judgment of the textbook authors, is aimed at explaining certain provisions of IFRS and is not an advertisement or popularization of individual business entities. In the text of the textbook, examples are divided into examples - practice of application; examples - professional judgment; examples-explanations; examples - disclosure of information.
At the end of each paragraph, self-examination questions and tests are presented, which help to structure theoretical knowledge and pay attention to the most significant information blocks of IFRS.
Meets the requirements of the federal state educational standards of higher education of the latest generation.
For students in bachelor's and master's degree courses 38.03.01 "Economics" and 38.04.08 "Finance and Credit".
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Current developments in Holocaust assets restitution: Hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fifth Congress, second session, on the Swiss banks, the 1946 Washington accord, and the current developments in Holocaust assets restitution, July 22, 1998. Washington: U.S. G.P.O., 1999.
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Bertaut, Carol C. Assessing the potential for further foreign demand for U.S. assets: Has financing U.S. current account deficits made foreign investors overweight in U.S. securities? Washington, D.C: Federal Reserve Board, 2008.
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Board, Financial Accounting Standards. Using cash flow information and present value in accounting measurements. Norwalk, Conn: FASB, 2000.
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Board, Financial Accounting Standards. Using cash flow information and present value in accounting measurements: Proposed statement of financial accounting concepts. Norwalk, Conn: FASB, 1999.
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Board, Financial Accounting Standards. Using cash flow information and present value in accounting measurements. Norwalk, Conn: The Board, 2000.
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United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Examnation [sic] of the current condition of the banking and credit union industries: Hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, second session, on improved risk-management practices of banks, the current status and direction of regulatory efforts to revise capital standards for internationally active banks, deposit insurance, and consolidation within the domestic banking industry, April 20, 2004. Washington: U.S. G.P.O., 2005.
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Pinskaya, Milyausha, Nikolay Milogolov, Kermen Cagan-Mandzhieva, and Tat'yana Loginova. Current trends in the development of international taxation. ru: INFRA-M Academic Publishing LLC., 2021. http://dx.doi.org/10.12737/1111362.
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The monograph is devoted to current trends in international taxation, aimed at developing a methodology for countering the erosion of the tax base, as well as practical issues of its application in modern Russia and abroad. The results of the BEPS Project initiated by the G20 member countries under the leadership of the OECD were evaluated. The analysis of the Russian rules for determining transfer prices for intangible assets in the light of the OECD recommendations issued under the BEPS Project is carried out. The article summarizes the legal approaches to countering the abuse of Double Taxation Agreements abroad and shows their development in Russia. The economic analysis of the scale and consequences of the erosion of the national tax base is made. An assessment of the potential fiscal and economic effects of the creation of special administrative regions in the Kaliningrad Region and Primorsky Krai was carried out. Recommendations on the strategy of the long-term tax policy of the Russian Federation in the field of international taxation have been developed.
It is addressed to economists, lawyers, managers, managers and specialists of federal government bodies, as well as teachers, postgraduates and students of economic and law universities and faculties, students of the professional development system.
Book chapters on the topic "Floating assets current assets"
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Griffiths, Ian. "Current Assets." In New Creative Accounting, 72–83. London: Palgrave Macmillan UK, 1995. http://dx.doi.org/10.1007/978-1-349-13649-0_6.
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Wild, Ken, and Brian Creighton. "Current assets." In GAAP 2000, 391–414. London: Palgrave Macmillan UK, 1999. http://dx.doi.org/10.1007/978-1-349-15081-6_14.
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Limmack, Robin John. "Current Assets (II)." In Financial Accounting and Reporting, 194–214. London: Macmillan Education UK, 1985. http://dx.doi.org/10.1007/978-1-349-17898-8_10.
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Limmack, Robin John. "Current Assets (I)." In Financial Accounting and Reporting, 167–93. London: Macmillan Education UK, 1985. http://dx.doi.org/10.1007/978-1-349-17898-8_9.
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Duţescu, Adriana. "Non-current Assets." In Financial Accounting, 131–87. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-29485-4_6.
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Vasigh, Bijan, and Zane C. Rowe. "Management of current assets." In Foundations of Airline Finance, 423–70. Third edition. | Abingdon, Oxon ; New York, NY : Routledge, 2019.: Routledge, 2019. http://dx.doi.org/10.4324/9780429429293-10.
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Basioudis, Ilias G. "Non-current assets and depreciation." In Financial Accounting, 109–42. Description: Abingdon, Oxon; New York, NY: Routledge, 2019. | Series: The basics: Routledge, 2019. http://dx.doi.org/10.4324/9780429468063-4.
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Hussey, Roger, and Audra Ong. "Statement of Financial Position – Tangible Non-current Assets." In Corporate Financial Reporting, 51–71. London: Macmillan Education UK, 2017. http://dx.doi.org/10.1057/978-1-137-52766-0_4.
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Lessambo, Felix I. "Prepaid Expenses, Unearned Income, and Other Current Assets." In Financial Statements, 69–73. Cham: Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-99984-5_5.
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Chang, Chun-Hao, Krishnan Dandapani, and Arun J. Prakash. "Current Assets Policies of European Corporations: A Critical Examination." In Management and International Review, 105–17. Wiesbaden: Gabler Verlag, 1995. http://dx.doi.org/10.1007/978-3-322-90985-5_8.
Full textConference papers on the topic "Floating assets current assets"
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Tierling, Kenneth Shane. "Cash is King - Repurposing Marginal Assets to Reduce Floating LNG CAPEX." In Offshore Technology Conference. OTC, 2021. http://dx.doi.org/10.4043/31053-ms.
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Objective / Scope With renewable energy sources not currently able to move energy around the globe and forming small portions of the total global energy supply, it has fallen upon hydrocarbon sources to form the backbone of global energy movements. Hence, the recent energy demand decline, along with policy, have disproportionately impacted world-wide petroleum and LNG pricing. The impact on Floating LNG has been a heightened demand for capital efficiency, required to achieve final investment decision. A business case specific means of reducing FLNG CAPEX, has been repurposing marginal assets. Starting with a breakdown of the cost components of an FLNG facility, this paper will provide examples of the inclusion of preexisting assets into FLNG projects to reduce capital cost. The paper will wrap up with other opportunities for cost savings, to stimulate thought. Methods, Procedures, Process Floating LNG (FLNG) technologies have been deployed to monetize mid-sized offshore gas reservoirs, avoiding constructing a sub-sea gas pipeline to a land-based LNG facility and export jetty. Containing the processing to an oceanic environment also reduces the impact on indigenous peoples as well as terrestrial flora and fauna. FLNG facilities also have the potential of serving multiple offshore fields over the life of the facility, thereby reducing the minimum size field that can be economically monetized. Interest in FLNG continues, despite the current slump in energy prices, however these challenging times are refocusing efforts on reducing the capital cost of FLNG. This paper will explore recent capital cost trends in LNG, with a focus on floating LNG, examples of realized opportunities to reduce CAPEX, and further scope for reductions. Results, Observations, Conclusions The readers will take-away from this paper a deeper understanding of: Recent trends in CAPEX for LNG, and specifically FLNG Where significant opportunities lie for cost reduction Examples of the reuse and repurposing of marginal assets to reduce cost of FLNG facilities Areas to be explored for future capital reduction Novel / Additive Information This paper pulls together disparate threads into a coherent whole, providing visualization of the trends and examples of realized opportunities.
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W Shafie, W. Hariz Fadli, Riaz Khan, M. Rashdan Mahmood, Mazri Mohd Ali, Hafiz Azzad Zubir, and Girish Chander Kamal. "U-IMAGe: An Optimised, Efficient and Cost Effective Approach to the Inspection and Maintenance of Upstream Facilities." In Offshore Technology Conference Asia. OTC, 2022. http://dx.doi.org/10.4043/31530-ms.
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Abstract Objective The key objective of this paper is to present the methodology of the Upstream Inspection, Maintenance and Assurance Guideline (U-IMAGe) and its implementation across a fleet of ageing assets. The U-IMAGe has been developed within PETRONAS’, Upstream Operational Excellence (OE), Center of Excellence (CoE). The U-IMAGe provides a flexible, efficient, cost effective new way of inspecting and maintaining current assets and equipment, without compromising the inherent safety and health of the asset. The U-IMAGe is applicable to Upstream assets, facilities and equipment including disciplines such as wells, pipelines, structural (offshore, fixed and floating and onshore), electrical, instrumentation, telecommunications, process, storage tanks, mechanical static, rotating equipment, subsea, single point moorings and piping systems.
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Lah, M. B. C. "Digitalization of Decommissioning Cost Estimation Process for Upstream Assets." In Indonesian Petroleum Association 44th Annual Convention and Exhibition. Indonesian Petroleum Association, 2021. http://dx.doi.org/10.29118/ipa21-f-298.
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The paper provides an insight on how has addressed PETRONAS has addressed its pain points on limited resources, simplified work processes with reliable auditable tool for decision making through digitalization. PETRONAS is currently performing its annual budgetary assessment for all Malaysia assets which consist of more than 300 platforms with close to 600 pipelines and other assets eg. terminals, subsea systems & floating structure. With limited timeline and resources to establish decommissioning cost, the consistency and quality is vital for estimating work to improvise process efficiency and cost effective via digitalization. The process improvement requirements are pooled and possible digitalization takeovers are studied in detail via stakeholder engagements, technical workshops and lessons learned analysis. The method is solely based on digitalization of bottoms-up cost estimation process which has been embedded in a single tool to fix and standardize all technical and commercial basis. The tool has been developed with taking into all technical and commercial aspects in decommissioning offshore assets. Twelve base options which include reefing options, cutting methodologies, cost sharing execution strategies have been embedded in the tool. Based on the digital approach, it has been proven that cost estimation process duration has been optimized up to 60% for all Class V- and Class IV decommissioning cost estimates which is equivalent to 3,600 manhours for 1000 facilities. Furthermore, consistency in cost estimation approach and robustness in developing cost estimates for multiple options for decision making has been guaranteed with the centralization cost estimating approach via digital platform. Centralized digital depository of the technical inputs, basis and assumptions are also crucial to ensure this essential data could be retrieved in the future as most decommissioning projects would only be executed during the tail end of a facility’s production life.
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Morandi, Alberto. "Marine Transportations of Floating Production Units: Reliability Aspects." In ASME 2003 22nd International Conference on Offshore Mechanics and Arctic Engineering. ASMEDC, 2003. http://dx.doi.org/10.1115/omae2003-37453.
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Several deep water floating production facilities are currently in operation worldwide, with many more planned for the future. As part of such projects, there is a trend for the transportation of increasingly large and high-value assets through long distances. The paper describes some of the main engineering issues that need to be addressed to ensure safety and reliability during such transportations as well as some aspects that deserve future investigation and improvement. Although the emphasis of the paper is on production units, the issues dealt with here are also applicable to other major structures such as semi-submersible mobile drilling units, jack-ups, bridge sections, etc. The work is relevant to stakeholders involved in such transportations namely shipyards, oil companies, drilling rig owners, dry transportation vessel owners, government agencies, insurance interests and marine warranty surveyors.
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Gumley, Jonathan M., Hayden Marcollo, Stuart Wales, Andrew E. Potts, and Christopher J. Carra. "Application of Machine Learning Techniques As a Means of Mooring Integrity Monitoring." In ASME 2019 38th International Conference on Ocean, Offshore and Arctic Engineering. American Society of Mechanical Engineers, 2019. http://dx.doi.org/10.1115/omae2019-96411.
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Abstract There is growing importance in the offshore floating production sector to develop reliable and robust means of continuously monitoring the integrity of mooring systems for FPSOs and FPUs, particularly in light of the upcoming introduction of API-RP-2MIM. Here, the limitations of the current range of monitoring techniques are discussed, including well established technologies such as load cells, sonar, or visual inspection, within the context of the growing mainstream acceptance of data science and machine learning. Due to the large fleet of floating production platforms currently in service, there is a need for a readily deployable solution that can be retrofitted to existing platforms to passively monitor the performance of floating assets on their moorings, for which machine learning based systems have particular advantages. An earlier investigation conducted in 2016 on a shallow water, single point moored FPSO employed host facility data from in-service field measurements before and after a single mooring line failure event. This paper presents how the same machine learning techniques were applied to a deep water, semi taut, spread moored system where there was no host facility data available, therefore requiring a calibrated hydrodynamic numerical model to be used as the basis for the training data set. The machine learning techniques applied to both real and synthetically generated data were successful in replicating the response of the original system, even with the latter subjected to different variations of artificial noise. Furthermore, utilizing a probability-based approach, it was demonstrated that replicating the response of the underlying system was a powerful technique for predicting changes in the mooring system.
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Trifonova, Irena. "MANAGEMENT OF AGRICULTURAL ASSETS BY AGRION." In SUSTAINABLE LAND MANAGEMENT - CURRENT PRACTICES AND SOLUTIONS 2019. University publishing house "Science and Economics", University of Economics - Varna, 2021. http://dx.doi.org/10.36997/slm2019.194.
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Agrion is the leading professional agricultural land management company. In less than 7 years, the company has managed to establish itself as a market leader and is trusted by customers and partners. "Agrion offers a full range of services for landowners and farmers - land purchase and sale, land swaps, land rental and lease, lending, land leasing, etc. Additional options for active asset management are also available - renting, leasing, exchanging, buying farms and even whole businesses. The company was the first to introduce European standards for land property management.
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Constantinis, Auths D., J. Forsyth, and H. Botta. "A New Approach for Effective Underwater Hull Inspection of Floating Offshore Assets." In Offshore Technology Conference. Offshore Technology Conference, 2016. http://dx.doi.org/10.4043/26953-ms.
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Bhattacharjee, Subir, Doug Angevine, and Robert E. Sandstrom. "SS: Floating Systems Integrity Management: Effective Fleet Management Strategy for Floating Assets - An Operator's Perspective." In Offshore Technology Conference. Offshore Technology Conference, 2009. http://dx.doi.org/10.4043/20231-ms.
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Cathcart, Henry, Christopher Meyer, Mark Joyce, and Richard Green. "Probabilistic Lifing Methods for Digital Assets." In ASME Turbo Expo 2020: Turbomachinery Technical Conference and Exposition. American Society of Mechanical Engineers, 2020. http://dx.doi.org/10.1115/gt2020-16187.
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Abstract Modern industrial gas turbines (IGTs) must be capable of operational flexibility to fulfil the requirements of an evolving power industry. Base load applications require turbines to operate for long periods at full load conditions whilst load-following applications require turbines to undergo repeated start-stop cycles. Traditional design and lifing approaches, which are based around an assumed worst case operational scenario and critical damage mechanism, cannot fully represent the durability of components when exposed to flexible operation. Condition based assessments, conversely, consider multiple operating scenarios and damage mechanisms to more accurately predict the durability of components. Condition based assessments are particularly powerful when applied to digital assets, where component lives can be calculated for each individual turbine based on detailed operational data. Despite the additional data available to conduct assessments of a digital asset, the information about the asset’s manufacture, maintenance or environment is unlikely to be complete or perfect. This leads to uncertainty in the current and future condition of the asset, which must be accounted for when deciding upon maintenance, retirement or life extension. The uncertainty can be accounted for using bounding assumptions or safety factors, but these approaches often lead to overly conservative results and do not provide any insight into the underlying causes of the uncertainty. Probabilistic methodologies provide a means to accurately evaluate and interrogate this uncertainty, by explicitly considering the potential variation in calculation inputs and assumptions. The degradation of hot gas path components by creep-fatigue mechanisms often limits turbine life. Probabilistic creep-fatigue assessment methods have been developed and are used to predict and understand the uncertainty in creep-fatigue damage. However, deploying these methods across a large fleet of digital assets, each with multiple components presents several challenges: the assessments rely on Monte Carlo sampling or other discretised calculations and hence are too computationally intensive to be used in real time on a large fleet; assets have often not been digitized for their entire operating lives, hence periods of missing data must be accounted for; finally, predicting the uncertainty of future operation requires information about the likely distribution of future operating regimes. This paper presents a methodology to effectively calculate the uncertainty on hot gas path component creep-fatigue assessments across a large fleet of IGTs. The methodology divides operational periods into two categories. In the first category a full suite of operational data is available. Damage is modelled using an emulator of a full Monte Carlo assessment. The emulator accounts for the fact that different operational profiles may result in different degradation uncertainty, and that the mode of operation of an asset may change throughout its life. In the second category no information is available. This category covers both future operation and historical operation prior to the instrumentation of the asset. These periods are modelled by considering fleet-wide statistics of degradation and the pathdependency of creep-fatigue damage progression. The predictions for both categories of operation are integrated into a system that can predict distributions of the damage accumulated within a turbine component and the future progression of this damage.
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Mohammed, Shazim, Dale Persad, and Kirk Baksh. "Development and Execution of Heritage Petroleum Company Limited’s First Offshore Workover Campaign - A Case History of Successful Implementation of Performance Management." In SPE Trinidad and Tobago Section Energy Resources Conference. SPE, 2021. http://dx.doi.org/10.2118/200959-ms.
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Abstract Heritage Petroleum Company Limited (HPCL) is the newest operating oil and gas company in Trinidad and Tobago and was vested and entrusted with the operation and management of all the exploration and production assets of Petroleum Company of Trinidad and Tobago Limited ("Petrotrin"). Being driven by oil-based revenue meant that rig intervention projects had to be innovative, economically viable and practical to meet the company’s financial commitments. This paper presents the concepts and processes behind the development and implementation of HPCL’s Workover Scoping and Procurement Framework. The offshore team recognized the need to frame the well review and workover candidate selection process as well as a procurement process that was both operationally accommodating and in accordance with public procurement regulations. This process would also have to be tested, since it was a new concept that was not practiced by Petrotrin. The well review process involved defining reservoir deliverability and in-place volumes through static and dynamic modelling, establishing current well potential and deliverability via nodal analysis with installed completion designs, topside infrastructure conditions and flow restrictions. The procurement process was achieved by identifying local resources and generating framework agreements for services and equipment. Job specific resources were tendered to ensure a transparent selection and award. The process also involved ranking the risks of all candidates. Economic analyses were performed to determine whether the financial indicators were positive to ensure viability of the campaign. A scorpion plot was also used to manage the performance of this framework during the campaign. The result was a campaign consisting of 15 wells that was delivered on time and within the workover budget. Actual production gain was over 1700 BOPD as opposed to the expected gain of 1450 BOPD. Budgeted Net Present Value (NPV) and actual NPV was calculated to be US$ 9.42 million dollars and US$ 11.7 million dollars respectively. All resources were demobilized and removed from the offshore acreage to reduce risks and floating expense to the company at the end of the campaign.
Reports on the topic "Floating assets current assets"
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McGregor-Lowndes, Myles, Marie Balczun, and Alexandra Williamson. Ancillary Funds 2000–2019: ACPNS Current Issues Information Sheet 2021-1. Queensland University of Technology, July 2021. http://dx.doi.org/10.5204/rep.eprints.211850.
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There are two types of ancillary funds that may qualify for DGR status – Private Ancillary Funds (PAFs) and Public Ancillary Funds (PubAFs). The intended purpose of an ancillary fund is to act as an intermediary between donors and organisations (not individuals) that can receive tax deductible donations. In total, as at 30 June 2019, there were 3,090 ancillary funds, with combined net assets of $10.33 billion. They received $1.39 billion in donations in the 2018–19 year and distributed $967 million in grants.
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Brown, Willie, and Jonathan Alt. Investigating the USACE Operational Condition Assessment process current and future. Engineer Research and Development Center (U.S.), March 2021. http://dx.doi.org/10.21079/11681/39999.
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The US Army Corps of Engineers operates, maintains, and manages more than $232 billion worth of the Nation’s water resource infrastructure and relies on the Operational Condition Assessment (OCA) process to determine the condition of the assets and their components. The sheer number of components, all of equal OCA scheduling priority, creates challenges in ensuring that assessments are conducted in a timely manner and that data generated are of sufficient quality to inform resource allocation decisions. This research applied methods from systems design to determine the OCA system “as-is” state and create a stakeholder-informed vision of a “to-be” state that addresses current system challenges. To meet its objective of providing current assessments of asset condition, the OCA system must provide four high-level functions: provide access to asset data, conduct assessments, determine asset risk, and prioritize and schedule assessments. The development of capabilities to provide these functions will facilitate the achievement of the OCA system to-be vision: a consistent view of asset condition and risk across the enterprise.
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Arjaliès, Diane-Laure, Julie Bernard, and Bhanu Putumbaka. Indigenous peoples and responsible investment in Canada. Western Libraries, Western University, September 2021. http://dx.doi.org/10.5206/092021ip26.
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This report explores the engagement between Indigenous Peoples and the Responsible Investment (RI) industry in Canada. Based on interviews with stakeholders, observation of industry conferences, and documentary evidence collected during the first year of the pandemic (i.e., March 2020-March 2021), this report offers an overview of the current discussions regarding Indigenous Peoples in the RI industry. RI is an investment approach that incorporates Environmental, Social, and Governance (ESG) factors into the selection and management of investments (RIA, 2021). In 2019, the Responsible Investment Association (RIA) estimated that assets in Canada managed using one or more RI strategies2 were worth $3.2 trillion, or 61.8 per cent, of total Canadian assets under management (RIA, 2020).
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Zamenian, Hamed, and Dulcy M. Abraham. Installation and Maintenance of Raised Pavement Markers at State Transportation Agencies: Synthesis of Current Practices. Purdue University, 2020. http://dx.doi.org/10.5703/1288284317135.
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Although raised pavement markers (RPMs) have been widely applied by the Indiana Department of Transportation (INDOT), there have been multiple cases where snowplowing activities have damaged pavements as well as the raised pavement markers on INDOT’s roadway assets. Dislodged raised pavement markers could reduce the design life of pavements because they leave openings for water and debris to infiltrate through pavement section. Interviews with INDOT personnel indicated that the proper installation of the markers and careful attention to the tooling of the center line of the concrete pavements could alleviate this problem. To explore issues related to the proper installation of RPMs, this study (INDOT/JTRP SPR 4318) was launched by the Indiana Department of Transportation (INDOT)/Joint Transportation Program (JTRP) to develop a synthesis of current practices on installation and maintenance of raised pavement markers at State Transportation Agencies (STAs) in the U.S. The study was conducted using a qualitative exploratory approach focusing on the review of current practices in installation and maintenance of raised pavement markers among STAs. Survey analysis and focused interviews with personnel from STAs, along with reviews of documents provided by STAs were the avenues used for data collection in this project.
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Chakravorty, Ujjayant, and Martino Pelli. Electrification and development: Empirical evidence on the effect of electricity provision on household welfare. CIRANO, 2022. http://dx.doi.org/10.54932/soan1297.
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The effect of electrification on economic outcomes is a major new area of study in environment and development economics. Almost a billion people in the world do not have access to grid electricity. Providing them a grid connection will be costly and polluting as well, even if powered by cleaner fossil fuels such as natural gas, instead of coal. However, the economic benefits of electricity are not well understood. Some studies find large effects on economic development in the long run, while others find small or negligible impacts on households in the short run. These benefits may also depend on household characteristics such as credit constraints that prevent them from consuming power or investing in complimentary assets. This paper highlights the state of current knowledge on the costs and benefits of electrification by reviewing the recent empirical literature. We discuss the identification strategies employed and evaluate the effect of electrification on a variety of household-level outcomes such as income, employment and education.
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Alt, Jonathan, Willie Brown, George Gallarno, and John Richards. Risk-based prioritization of operational condition assessments : stakeholder analysis and literature review. Engineer Research and Development Center (U.S.), March 2021. http://dx.doi.org/10.21079/11681/40162.
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The US Army Corps of Engineers (USACE) operates, maintains, and manages more than $232 billion worth of the Nation’s water resource infrastructure. Using the Operational Condition Assessment (OCA) system, the USACE allocates limited resources to assess conditions and maintain assets in efforts to minimize risks associated with asset performance degradation. Currently, OCAs are conducted on each component within a facility every 5 years, regardless of the component’s risk contribution. The analysis of risks associated with Flood Risk Management (FRM) facilities, such as dams, includes considering how the facility contributes to its associated FRM watershed system, understanding the consequences of degradation in the facility’s performance, and calculating the likelihood that the facility will perform as expected given the current OCA condition ratings of critical components. This research will develop a scalable methodology to model the probability of failure of components and systems that contribute to the performance of facilities in their respective FRM systems combined with consequences derived from hydrological models of the watershed to develop facility risk scores. This interim report documents the results of the first phase of this effort, stakeholder analysis and literature review, to identify candidate approaches to determine the probability of failure of a facility.
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Alt, Jonathan, Willie Brown, George Gallarno, John Richards, and Titus Rice. Risk-based prioritization of operational condition assessments : Jennings Randolph case study. Engineer Research and Development Center (U.S.), April 2022. http://dx.doi.org/10.21079/11681/43862.
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The US Army Corps of Engineers (USACE) operates, maintains, and manages over $232 billion worth of the Nation’s water resource infrastructure. Using Operational Condition Assessments (OCA), the USACE allocates limited resources to assess asset condition in efforts to minimize risks associated with asset performance degradation, but decision makers require a greater understanding of those risks. The analysis of risk associated with Flood Risk Management assets in the context of its associated watershed system includes understanding the consequences of the asset’s failure and a determination of the likelihood that the asset will perform as expected given the current OCA ratings of critical components. This research demonstrates an application of a scalable methodology to model the probability of a dam performing as expected given the state of its subordinate gates and their components. The research team combines this likelihood with consequences generated by the application of designed simulation experiments with hydrological models to develop a measure of risk. The resulting risk scores serve as an input for an optimization program that outputs the optimal set of components to conduct OCAs on to minimize risk in the watershed. Proof-of-concept results for an initial case study on the Jennings Randolph Dam are provided.
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Journeay, M., P. LeSueur, W. Chow, and C L Wagner. Physical exposure to natural hazards in Canada. Natural Resources Canada/CMSS/Information Management, 2022. http://dx.doi.org/10.4095/330012.
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Natural hazard threats occur in areas of the built environment where buildings, people, and related financial assets are exposed to the physical effects of earth system processes that have a potential to cause damage, injuries, losses, and related socioeconomic disruption. As cities, towns, and villages continue to expand and densify in response to the pressures of urban growth and development, so too do the levels of exposure and susceptibility to natural hazard threat. While our understanding of natural hazard processes has increased significantly over the last few decades, the ability to assess both overall levels of physical exposure and the expected impacts and consequences of future disaster events (i.e., risk) is often limited by access to an equally comprehensive understanding of the built environment and detailed descriptions of who and what are situated in harm's way. This study addresses the current gaps in our understanding of physical exposure to natural hazards by presenting results of a national model that documents characteristics of the built environment for all settled areas in Canada. The model (CanEM) includes a characterization of broad land use patterns that describe the form and function of cities, towns, and villages of varying size and complexity, and the corresponding portfolios of people, buildings and related financial assets that make up the internal structure and composition of these communities at the census dissemination area level. Outputs of the CanEM model are used to carry out a preliminary assessment of exposure and susceptibility to significant natural hazard threats in Canada including earthquake ground shaking; inundation of low-lying areas by floods and tsunami; severe winds associated with hurricanes and tornados; wildland urban interface fire (wildfire); and landslides of various types. Results of our assessment provide important new insights on patterns of development and defining characteristics of the built environment for major metropolitan centres, rural and remote communities in different physiographic regions of Canada, and the effects of ongoing urbanization on escalating disaster risk trends at the community level. Profiles of physical exposure and hazard susceptibility described in this report are accompanied by open-source datasets that can be used to inform local and/or regional assessments of disaster risk, community planning and emergency management activities for all areas in Canada. Study outputs contribute to broader policy goals and objectives of the International Sustainable Development Goals (SDG 2015-2030; Un General Assembly, 2015) and the Sendai Framework for Disaster Risk Reduction (SFDRR 2015-2030; United Nations Office for Disaster Reduction [UNDRR], 2015), of which Canada is a contributing member. These include a more complete understanding of natural hazard risk at all levels of government, and the translation of this knowledge into actionable strategies that are effective in reducing intrinsic vulnerabilities of the built environment and in strengthening the capacity of communities to withstand and recover from future disaster events.
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Lavadenz, Magaly. Masking the Focus on English Learners: The Consequences of California’s Accountability System Dashboard Results on Year 4 Local Control and Accountability Plans (LCAPs). Center for Equity for English Learners, 2018. http://dx.doi.org/10.15365/ceel.lcap2018.1.
Full textAbstract:
California’s Local Control Funding Formula (LCFF), signed into law in 2013, centers equity as a key to increased and improved services for three targeted student subgroups, including English Learners (ELs), low-income students, and foster youth. As a component of LCFF, districts develop Local Control and Accountability Plans (LCAPs) to specify their goals and strategies for using LCFF funds for equity and continuous improvement purposes. The California Model Five by Five Grid Placement Report (Spring 2017 Dashboard) included the Five by Five Placement Grid, a key function of which is to identify the needs of diverse ELs. The Dashboard and the LCAPs are two policy mechanisms with great promise in combining school finance and accountability reform to promote equity and coherent state-wide. In this report, Lavadenz and colleagues review the EL policy context and examine the connection between the two contemporary policy mechanisms in California, namely the Year 4 LCAP and the California Department of Education’s Accountability Model (Spring 2017 Dashboard). The authors use a sample of 26 California school districts with high numbers/percentages of ELs and conclude that California’s current accountability system diminishes the urgency to respond to educational needs of the English Learner subgroup and undermines the equity intent of the LCFF. Few promising practices and assets-based approaches were identified in the LCAPs, and there is minimal mention of metrics focused on EL outcomes. The authors provide recommendations at state, county office of education and district levels.
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Pforr, Tobias, Fabian Pape, and Steffen Murau. After the Allocation: What Role for the Special Drawing Rights System? Institute for New Economic Thinking Working Paper Series, March 2022. http://dx.doi.org/10.36687/inetwp180.
Full textAbstract:
In August 2021, the IMF made a new SDR allocation to help ease pandemic-induced financial strains in the Global South. This paper assesses the potential of the SDR system to address debtrelated problems in global finance. We analyze the SDR system as a web of interlocking balance sheets whose members can use SDR holdings—the system’s tradable assets—for conversion into usable currency as a perpetual low-interest loan or to make payments to each other. Using original IMF data, we study how the system has been practically used since 1990. Though widely perceived as a solution in search of a problem in the post-Bretton Woods era, we find that the SDR system provides three mechanisms through which IMF members borrow and lend usable currency to each other, with different strings attached: first, transactions by agreement; second, the IMF’s core lending facilities for which the SDR system offers additional resources; and third, IMF-sponsored Trusts which seek to harness the SDR system for development purposes and are the basis for the current idea of ‘voluntary channeling’. Overall, given the SDR system’s idiosyncratic accounting rules, the new allocation can improve the liquidity position of a country and offer some limited avenues for sovereign debt restructuring but comes with new interest and exchange rate risks. Voluntary channeling cannot happen without a wealth transfer, neither the SDR allocation nor the use of Trusts can overcome this problem. Still, Trusts can be a useful instrument to help with debt forgiveness and to ensure that borrowed funds are used for their intended purpose.