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The information bottleneck method is a technique in information theory introduced by Naftali Tishby, Fernando C. Pereira, and William Bialek. [1] It is designed for finding the best tradeoff between accuracy and complexity (compression) when summarizing (e.g. clustering) a random variable X, given a joint probability distribution p(X,Y) between X and an observed relevant variable Y - and self ...
The actions of throughput accounting maximize the net profit from a system in the shortest amount of time, with limited resources and limited expenditures. Throughput accounting uses through methods in dealing with income and expenses in a system [3] Throughput (T) is the rate at which a system can produce a unit.
Throughput accounting suggests that one examine the impact of investments and operational changes in terms of the impact on the throughput of the business. It is an alternative to cost accounting. The primary measures for a TOC view of finance and accounting are: throughput, operating expense and investment.
Throughput accounting (TA) is a principle-based and simplified management accounting approach that provides managers with decision support information for enterprise profitability improvement. This approach that identifies factors which limit an organization's ability to reach its goals, and then focuses on simple measures that drive behavior ...
The Haystack Syndrome: Sifting Information Out of the Data Ocean. (1991) ISBN 0-88427-184-6 looks deeper into the idea of performance measurements, examines differences between data and information, and explains the logic of the need for information. [11] Eliyahu M. Goldratt. Production the TOC Way (Revised Edition). (2003) ISBN 0-88427-175-7
These people believe fair value accounting is not the most relevant method of measuring financial instruments. [5] Steve Forbes is another opponent who believes fair value accounting was the "principal reason" for the 2007–2008 financial crisis.
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Traditional standard costing (TSC), used in cost accounting, dates back to the 1920s and is a central method in management accounting practiced today because it is used for financial statement reporting for the valuation of income statement and balance sheet line items such as cost of goods sold (COGS) and inventory valuation.